StockMarketWire.com - Ariana Resources' phase two drilling at the Kiziltepe project in Turkey has confirmed the continuity of mineralisation beneath the cap rocks at Arzu Central.

Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction Co and will be 50% owned by Ariana once the mine is operational in the first quarter of this year.

Ariana said vein mineralisation was intercepted in every drill hole with robust infill drilling results from the south-western end of Arzu Central providing 7m @ 4.00 g/t Au + 27.51 g/t Ag, 12m @ 1.96 g/t Au + 34.45 g/t Ag and 11m @ 1.83 g/t + 45.07 g/t Ag.

And it said a newly identified vein system within Arzu Central provided results including 11m @ 0.95 g/t Au + 35.91 g/t Ag and 2m @ 1.64 g/t Au + 35.70 g/t Ag.

Other highlights:

- Arsenopyrite-rich style of mineralisation encountered c.70m from a previous bonanza-grade hole (12.1m @ 13.1 g/t Au+ 188 g/t Ag) provides an intercept of 11m @ 2.24 g/t Au + 11.06 g/t Ag.

- South-eastern extension of Arzu North provided results including 8m @ 1.14 g/t Au + 15.64 g/t Ag, 2m @ 1.01 g/t Au + 17.50 g/t Ag and 1m @ 1.86 g/t Au + 46.30 g/t Ag.

- Substantial scope to identify further mineralised veins in the Arzu Central area; system represents a structural splay which widens towards Arzu North and Derya.

Managing director Dr. Kerim Senersaid: "We are very excited to have confirmed the continuity of mineralisation beneath the cap rocks at Arzu Central.

"These initial results demonstrate for the first time that an extensive and still only partially tested vein system is developed over 650m of strike connecting Arzu South with Arzu North.

"Significantly the system appears to be more structurally complex than first thought and it appears to represent a structural splay which widens from Arzu South towards Arzu North and Derya.

"Future work will be directed towards the further expansion of the planned open pits at Arzu South, Arzu North and Derya in order to capture as much economic mineralisation as possible in this area.

"Alternatively, the Company may consider the development of a potential underground operation at Arzu Central in the event that further targeted drilling is successful in identifying higher-grade zones that could be accessed by underground development."


At 9:31am: [LON:AAU] Ariana Resources PLC share price was 0p at 1.85p



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