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Broker Fox-Davies said the results showed good grades over decent lengths.
Ariana Resources’ Red Rabbit project has been endorsed by an interim feasibility study which found the proposed Kiziltepe mine to have ‘highly attractive’ economics.
Sector unjustly tarnished with the same brush as other miners according to review
Turkey-focused Ariana Resources said this morning it is taking over as operator of its Artvin Province joint venture with the Eldorado Gold Company. It follows the takeover of original partner European Goldfields by Eldorado and reflects a desire to focus activities on the Ardala project and the Salinbas prospect, said Ariana managing director Kerim Sener.