Ariana Resources PLC (AIM:AAU, FRA:4A6) said additional drilling at Kepez North in Turkey confirmed it as a source of high-grade feeder ore for the Kiziltepe gold mine.
Best results included gold grades of 11.2 g/t and 3.06 g/t in new intercepts and 6.23 g/t from in-fill drilling. There were also notable silver credits.
“These additional drilling results from the Kepez North area have further reinforced our understanding of this unusually high-grade zone of gold and silver mineralisation,” Kerim Sener, Ariana’s managing director, said.
“The joint venture is looking to expedite the addition of this mining area into the production schedule.
“With a current total JORC Measured and Indicated Resource of 36,400 ounces of gold at a grade of 7.15 g/t Au, Kepez North will provide Kiziltepe with a source of high-grade ore for blending with our current processing plant feedstock.
“Further exploration will continue in the vicinity, to determine the potential for this vein system to host other spatially restricted but high-grade zones of mineralisation which could add to the mine production schedule in the future.”
Kepez North is part of its venture with Proccea Construction and Ozaltin and is 23.5% owned by Ariana.
