- Exploration and development company Ariana Resources said testwork at Kizilcukur had revealed high gold recoveries.

Metallurgical testwork derived from a bulk sample of roughly 7.4 tonnes had demonstrated high gold recoveries, yielding recovery rates between 83% and 92%, the company said.

Precious metal content of the samples ranged up to 7.7 grams per tonne for gold and 160 grams per tonne for silver, averaging 3.8 grams per tonne and 136 grams per tonne, respectively.

Trial mining conducted in 2017 had produced an initial 4,000 tonnes of material currently stockpiled on site, with further trial mining planned for 2018/19, the company added.

The Kizilcukur vein system had the potential to extend across an area of 2.3km by 0.3km, while mineralization had been encountered separately in the northeast part of the licence area.

A new revised economic study was underway to consider the viability of mining and trucking of the Kizilcukur ore to the Kiziltepe plant, Ariana said.

'We are delighted that the latest work at Kizilcukur continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe Mine. Recent metallurgical tests demonstrate that the Kizilcukur ore responds well to the leach conditions utilised within the Kiziltepe processing plant, with very high gold recovery,' said Dr. Kerim Sener, Managing Director.

At 9:43am: [LON:AAU] Ariana Resources PLC share price was +0.05p at 1.53p

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