- Exploration and development company Ariana Resources announced Thursday a 270% increase in JORC resources to 23,900 ounces of gold for the Kepez prospect.

Global resource stood at close to 371,000t at 2 g/t Au and 14 g/t Ag for 23,900 oz gold and 164,300 oz silver, the company said.

Potential resource extensions were represented by a number of drill holes including 9.6 metres at 3.0 grams per tonne (g/t) gold (Au) and 119 g/t Ag; 6 metres at 2.7g/t Au and 16 g/t Ag from near the surface.

'This resource update for Kepez indicates the potential to add at least one year of production from this satellite area to the Kiziltepe mining operations. Furthermore, the higher confidence Indicated resource at Kepez North, which contains approximately 60,000 tonnes at 4.6 g/t Au and 34.7 g/t Ag, shows potential for several months of high-grade production,' said Dr. Kerim Sener, Managing Director.

'The proximity of this area to the Kiziltepe operations makes such satellite operations highly viable.' At 9:24am: [LON:AAU] Ariana Resources PLC share price was +0.08p at 1.35p

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