StockMarketWire.com - Ariana Resources said sampling results at the Kizilcukur gold deposit in Turkey indicated that it could act as a 'high-grade satellite feed' to the Kiziltepe processing plant.
A bulk sample obtained from the Kizilcukur vein returned around 20 tonnes at 4.22 grams per tonne of gold, plus 284 grams per tonne of silver.
Around 2,800 tonnes of mineralised material was currently stockpiled on site, Ariana said, with potential to double with limited additional trial mining in 2019.
'We are encouraged by the results of this recent work and the current drilling programme will add confidence to the resource estimate for the Zeki pit as part of our feasibility work programme,' managing director Kerim Sener said.
'We are planning to truck a 300 tonne batch of ore to Kiziltepe for test processing during the summer, in order to assess the merits of potentially expanding our operations at Kizilcukur.'
At 1:42pm: [LON:AAU] Ariana Resources PLC share price was +0.1p at 1.8p
Story provided by StockMarketWire.com
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