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Proactive news summary: Metal Tiger, Ariana Resources, Solo Oil, DP Poland and more
A pivotal day for mining investor Metal Tiger, "rapid progress" for Ariana Resources and a new director at Oilex.
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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A pivotal day for mining investor Metal Tiger, "rapid progress" for Ariana Resources and a new director at Oilex.
London’s blue chip index dropped 101 points to 5,570 even with a modest rally ahead of the US opening.
Ariana Resources remains on track to produce its first gold from the Kiziltepe mine later this year
Investments and investor services
The FTSE 100 Index fell 148.88 points to 5523 as Yellen warned on financial market turbulence
We are very pleased to report on the rapid progress with construction at the Kiziltepe Mine - MD Kerim Sener.
Ariana Resources has hailed results from final phase drilling at the Kiziltepe mine area in Turkey, which could lead to further increases in the mine life.
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Production appeared to be the name of the game for diggers this week....
Kizilcukur lies 22km north east of Kiziltepe where Ariana is constructing its first mine
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A round-up of the day's news from the small cap universe
The mine developer, in an open letter to shareholders, highlighted that it achieved all its key targets in 2015, and it remains on track for its maiden gold pour in the second half of the coming year.
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A notable riser was Electric Word (LON:ELE), whose shares added 25% as it announced it has agreed to sell its 70% stake in online magazine iGaming Business to Clarion Events for around £13.8mln.
The sale was arranged and carried out by Asgard, Ariana’s 86% owned Australian subsidiary
Ariana Resources, Berkeley Energia and Rambler Metals & Mining also made headlines this week
Grades intercepted were 4.07g/t gold equivalent over 11m in one hole
Royal Road Minerals announced a deal to sell its Turkish subsidiary as it focuses efforts on the Golondrina project and Colombia....
Noricum Gold, Bezant and DiamondCorp also reported this week