StockMarketWire.com - Ariana Resources has announced exciting results following completion of its initial exploration across the Hot Gold Corridor and within its wholly-owned Salinbas gold project.

The Hot Gold Corridor is named after the 4Moz Hot Maden deposit located approximately 4km south of the project licences.

Highlights:

- Several high-priority pXRF geochemical targets identified which demonstrate potential for further 'Salinbas-type' epithermal mineralisation and/or systems related to copper-gold porphyries.

- Ardala North target has been prioritised for immediate work as it demonstrates significant multi-element anomalism and the potential for gold-silver mineralisation.

- Anomalous geochemical results obtained between Hizarliyayla and Salinbas show potential for additional zones of mineralisation.

- Project-scale geological mapping and Phase Two pXRF geochemical sampling has recently commenced, with several new target zones now confirmed.

Managing director Dr. Kerim Sener said: "These exciting initial results confirm our understanding of the potential of the Hot Gold Corridor to contain significant gold and base-metal dominant mineralised systems.

"In particular, the Ardala North target, covering an area of 1.5 x 0.5km, now represents one of the most strongly and consistently anomalous areas for copper, lead and zinc within the project, with significant potential for coincident gold and silver.

"We have now upgraded the Hizarliyayla area to a priority exploration target due to multi-element anomalism representative of high-level epithermal mineralisation, which in part is capped by limestone units.

"It is highly significant that Hizarliyayla is partly hosted within the same stratigraphic sequence as the 4Moz Hot Maden project roughly 7km to the south.

"Several new targets have already been identified and occur in the region separating Salinbas from Hizarliyayla, in an area dominated by limestone units.

"As we expected, mineralisation has now been identified in the periphery of these limestones, which reflects the specific structural setting of the Salinbas orebody.

"Consequently, we predict that other 'Salinbas-type' deposits will occur within the region and our exploration strategy will be expanded and targeted accordingly.

"Due to the significance of these results, we have recently completed a site visit to meet with the team and to plan and prioritise the next stage of our work.

"This work is now well underway and we look forward to providing a flow of updates in the months ahead."


At 8:14am: [LON:AAU] Ariana Resources PLC share price was +0.1p at 1.5p



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