Ariana’s latest results from the Salinbas gold-copper project in northern Turkey (23.5% interest) suggest it could soon be the third project to reach production after Kiziltepe and Tavsan, says WHI Ireland.
Kiziltepe is in operation and Tavsan is under construction, while the assays today point to improved consistency and higher measured and indicated resources at Salinbas.
Ariana and its partners have been aggressively exploring Salinbas and the adjoining Ardala and Hizarliyayla projects that are all part of a large porphyry, epithermal system.
Once opportunities are identified, Ariana provides geological and technical know-how, and its partners supply the funding to rapidly advance the project – far beyond the capacity of typical small-cap miners and junior explorers.
Further results are expected from Ardala and Hizarliyayla to enhance the story.
Shares rose 9% today to 2.45p.