StockMarketWire.com - Ariana Resources has confirmed that 37 target areas have been defined within the Salinbas project following a thorough analysis of all previous data, with several areas prioritised for additional work.

Highly significant drill intercepts that warrant follow-up include 125m @ 2.44 g/t Au + 0.3% Cu and 34.5m @ 1.75 g/t Au + 6.13 g/t Ag and 164m @ 0.16 g/t Au + 0.3% Cu + 120 ppm Mo in the Ardala area.

Managing director Dr. Kerim Sener said: "The Salinbas Project, although already containing a JORC resource of c.1Moz gold equivalent, remains only partially explored.

"There are several drilling results, rock-chip, soil and geophysical and geological targets that have not yet been tested to any significant degree.

"These targets are mainly defined within and around the Salinbas and Ardala resource areas but several additional targets lie elsewhere within the 16km long Hot Gold Corridor.

"Beyond the main Salinbas deposit, several well defined target areas at Ardala South East and South West, Hizarliyayla and Incesu South, among others, will become the focus of generative soil and rock-chip sampling work during 2017.

"In particular, we are excited by the possibility that the mineralised part of the Ardala Porphyry extends for a further 1km to the south and represents a style of mineralisation that is enriched in molybdenum.

"We are also particularly encouraged by several significant rock-chip and soil anomalies encountered in the Hizarliyayla area, which lies about 8km to the north of Hot Maden and along the same geological trend."


At 4:24pm: [LON:AAU] Ariana Resources PLC share price was +0.03p at 1.78p



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