Ariana Resources PLC (AIM:AAU) said it is targeting at least two million ounces of gold at its Dokwe project in Zimbabwe following a review of the internal exploration data.
Currently, the resource is 1.8Moz, but Ariana said the review identified "excellent prospects" to boost this through drilling at the high-grade shoots and Northwest flank at Dokwe North and in open areas to the west of the Dokwe Central deposit.
Kerim Sener, Ariana’s managing director, stated: “Based on our current assessments, we are targeting potential enhancement of the resource to at least 2Moz of gold.
"At Dokwe North several high-grade zones are noted, which display good strike continuity through the deposit, trending northeast-southwest and plunging at a moderate angle to the southwest. This opens up the southern end of the deposit for further exploration.
"In addition, deeper holes on the deposit in the northwest suggest the potential for repeated prospective stratigraphy.
"At Dokwe Central, we have now demonstrated an opportunity to define further mineralisation along strike over a distance of approximately 1km along a faulted contact between volcanic and sedimentary units.
“Several historic drill hole intercepts along this structure suggest that a well-defined mineralised zone developed near the fault zone and trends broadly east-west.
“Notably, a historic 7.3m @ 6.63g/t gold intercept from 32.2m identified gold mineralisation within the Archaean units just beneath the cover sequence and has not yet been followed up with further drilling.
"In summary, there is excellent potential at Dokwe North and Central to continue growing the resource base."