Ariana upbeat on Kizilcukur's potential as satellite deposit after latest drilling
The drilling also uncovered incidences of coarse and bonanza grade gold (30.27 g/t) and silver mineralisation
Company
LON:AAU
Ariana Resources is a mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. The company's focus is a +1Moz gold development project in Zimbabwe and has interests in gold production in Türkiye and copper-gold silver and zinc exploration and development projects in Cyprus and Kosovo.
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The drilling also uncovered incidences of coarse and bonanza grade gold (30.27 g/t) and silver mineralisation
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Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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“In many ways we are the beneficiaries of having a business which is US dollar denominated in terms of revenue, with a reduced cost base in terms of our lira expenditure”
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The UK blue-chip share index finished up around four points at 7,218
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Ariana's Kiziltepe gold mine continues to perform well
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The UK index of leading shares closed down nearly 38 points at 7,310
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With production at Red Rabbit in full swing, Ariana is now moving forward with other projects
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On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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Latest drill results point to a longer life span for the mine.