07:00 Mon 01 Feb 2016
Ariana Resources PLC - Kiziltepe Vein System Extended
AIM: AAU
KIZILTEPE VEIN SYSTEM EXTENDED
Highlights:
- Three new exploration holes into Arzu Central, between the Arzu North and Arzu South production areas, confirms the potential of a 600m extension to the known mineralised strike length of the
Arzu vein system.
- Best intercepts from this area include, 22m @ 2.93g/t gold + 29.76 silver, 10m @ 2.32 g/t gold + 46.79g/t silver and 5m @ 0.99g/t gold + 13.62 g/t silver.
- Near surface pre-production drilling over Arzu South provides for advanced scheduling before open-pit mining commences.
- Best pre-production drilling results include, 5m @ 3.23 g/t gold + 68.60g/t silver, 3m @ 4.98g/t gold + 74.57 silver and 4m @ 3.38 g/t gold + 76.40 g/t silver.
Dr.
"This is an extremely exciting development in the exploration of the
"We are very encouraged by these results, following in such quick succession after the excellent drilling results from our Kizilcukur site, as announced on
Drilling Programme
In early
1) Drill three deep (up to 150m) exploration holes; two on the northernmost accessible limits of the Arzu South vein, and one hole drilling the southern-most limits of the Arzu North vein.
2) Drill eleven shallow (10 to 30m) pre-production holes, testing the Arzu South vein near surface, where the Company expects to start open-pit mining operations.
In this phase of work, a total of 614m of Reverse Circulation ("RC") drilling was completed at Kiziltepe (Table 1). Of this, 357m was used to test part of the Arzu Central Target between the planned Arzu South and Arzu North production pits; an area which demonstrates potential to host significant mineralisation over a further 600m of strike length (Figure 1 and 2). Arzu Central first demonstrated significant potential for mineralisation during an exploration drilling campaign in 2011/2, where drilling on an extension of the Derya vein intercepted "bonanza" grade mineralisation; 12.1m @ 13.1 g/t gold + 187.6 g/t silver (16.5 g/t gold equiv.), including 1m @ 65.9g/t gold + 760 g/t silver (79.7g/t gold equiv.), as announced
Two fenced holes were drilled on the Arzu South side of the Arzu Central Target. This was necessary to better understand the geometry of the mineralisation beneath a cover unit of pumice rhyodacite ignimbrite. Hole KTP-RC07-15, from 69m to 78m, intercepted an eight metre mineralised quartz vein, with no outcrop seen in the cap-rock at surface. 600m further along strike to the northwest, a single hole was drilled from the Arzu North end of the Arzu Central Target. This hole was drilled due south into a region where the Arzu North quartz vein is obscured beneath the rhyodacite cap-rock unit. Hole KTP-RC19-15, from 105m to 110m, intercepted a five metre mineralised quartz vein.
Significant vein intercepts as identified in this drilling programme add confidence to the potential of the Arzu Central Target to host an additional 92,000 oz gold and 1,100,000 silver (as announced
The Arzu South pre-production drilling totalled 255m for 11 holes, testing quartz vein mineralisation to an average depth of 23m. All holes intercepted their targets as expected and provide infill results to confirm near surface grade distribution. With open-pit mining currently planned to commence ahead of the summer, the completed pre-production holes will help inform advanced scheduling before mining operations are initiated.
In 2015, Ariana successfully completed a total of 1,208 metres of RC drilling within the
Sampling and Assaying Procedures
Samples were selected based on geological logging of RC chips during drilling, and sent for assay. All samples from the drilling programme undertaken by
Click on, or paste the following link into your web browser, to view the associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/5489N_1-2016-1-31.pdf
Contacts:
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Tel: +44 (0) 20 7407 3616 |
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Tel: +44 (0) 20 7628 3396 |
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Tel: +44 (0) 20 7382 8300 |
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Tel: +44 (0) 20 7628 1128 |
John Beresford-Peirse |
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Tel: +44 (0) 20 3053 8671 |
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Editor's Notes:
Dr
About
Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.
Glossary of Technical Terms:
"g/t" grams per tonne
"JORC" the
"m" Metres
"oz" Ounces
"Au" Gold
"Ag" Silver
Ends
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