Ariana Resources is advancing gold opportunities in Turkey

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  • Ariana Resources says resource estimate underway for Karakavak area of Kiziltepe project
  • How Ariana Resources turned a GBP5 idea into GBP50 million
  • Ariana Resources completes Zenit and Pontid agreements, boosts Magellan resource
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Quick facts: Ariana Resources PLC

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Ariana Resources plc is an AIM-listed gold-silver exploration and development company with operations in Turkey. It has a proven strategy of identifying and developing mineral resources and advancing them to production through joint ventures.

19 Aug 2021

Ariana Resources PLC (AIM:AAU) reported drilling results from the Karakavak area, northeast of the Kiziltepe gold-silver mine in western Turkey, and said a resource estimate and the definition of an exploration target was underway.

The drilling results include 3.0 meters at 2.40 grammes a tonne (g/t) gold and 1.7g/t silver; 4.6 metres at 1.36g/t gold and 2.2g/t silver; and 5.1 metres at 1.10g/t gold and 1.4g/t silver. Only 14% of the Karakavak vein has been drilled so far.

“These results build on the initial drilling programme announced in 2017 and have confirmed the expected geometry of the main vein,” said managing director Dr. Kerim Sener.

“Unlike the very steeply dipping veins at Kiziltepe, the veins at Karakavak appear to be moderately dipping to the south. This geometry is more favourable for the development of potential open-pits, especially given the general southward slope of the topography in this area.

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18 Aug 2021

(, ) () said it plans to pay an interim gross dividend of 0.35 pence per share, the first tranche of its previously announced special dividend, by 26 September.

The AIM-listed mineral exploration and development company will announce the payment dates for the second and third tranches in due course.

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17 Aug 2021

(, ) () said drilling results confirmed the opportunity to expand the open-pit at the Arzu South area of the Kiziltepe gold-silver mine in western Turkey.

New significant intercepts within the Arzu South area include 13.9 metres at 1.67 grammes a tonne (g/t) gold and 17.5g/t silver; 8.2 metres at 2.49g/t gold and 43.5g/t silver; and 5.0 metres at 2.70g/t gold and 027.6g/t silver.

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18 Feb 2021

“Figuring out how to turn a GBP5 idea into a company worth about GBP50mln” – this is how Kerim Sener describes the process of transforming Ariana Resources () from an upstart explorer into a gold producer over the last eighteen years.

There’s been little stopping Ariana after it kicked off production at its first gold mine, Kiziltepe in western Turkey, four years ago.

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09 Dec 2020

‘s () Kerim Sener talks to Proactive London’s Katie Pilbeam about the completed conditional agreements on its joint venture with Ozaltin Holding A.S and with Proccea Construction.

He says this new “powerful” joint venture partner will “support our strategy associated with western Turkey assets”.

Under the terms of this agreement, Ozaltin will be acquiring 53% of both Pontid Madencilik Sanayi ve Ticaret A.S, the owner of the Salinbas project, and the existing Zenit Madencilik San. ve Tic. A.S. joint venture, which is currently owned by Ariana in a 50:50 partnership with Proccea.

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Ariana Resources talks big boost to resource at Kepez North, special divi…

Ariana Resources PLC’s (LON:AAU) Kerim Sener caught up with Proactive’s Andrew Scott soon after announcing that the resource estimate for the Kepez North area of the Kiziltepe gold-silver mine in western Turkey has doubled. It’s now estimated to contain about 36,400 ounces of gold and 329,400…

4 weeks ago

2 min read

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