StockMarketWire.com - Ariana Resources said further drilling would be needed to assess the mining opportunity at its joint venture Kiziltepe project in Turkey after initial drilling had shown signs of gold.
Drilling had intercepted mineralisation to a maximum depth of approximately 200m below surface, the company said.
'Grades and widths of gold mineralisation encountered suggest that this structure has the potential to be developed via underground mining methods, although additional drill-testing is now warranted to determine the extent of this opportunity,' it added.
Revised resource estimates for Kiziltepe were due to be completed during the first quarter of next year.
At 10:00am: [LON:AAU] Ariana Resources PLC share price was -0.1p at 2.2p
Story provided by StockMarketWire.com
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