The exploration company told investors it has unearthed a significant anomaly, a 500x150 metre zone of precious metal and base metal, in the Salinbas North area.
Soil tests returned material gold and silver grades – up to 3.83 grams per tonne gold, and 108 grams per tonne silver.
These initial results show the potential at the project for further resource growth, according to Ariana, which also noted it has ‘ample funds’ for follow up exploration work in 2018.
"Salinbas already contains a JORC resource of c. 1 Moz gold. The latest exploration has demonstrated opportunities both within and outside of known areas to further grow the resource.
“The Salinbas Zone extends to the northeast and also to the southwest, with potential for both precious and base-metals.
“The new discovery of Salinbas North also demonstrates that Salinbas is not an isolated zone of mineralisation and that considerable potential exists for other "Salinbas-type" deposits to be discovered in the vicinity along prospective geological horizons.”