Ariana Resources (LON:AAU) has found noteworthy gold grades at a potential satellite deposit for the under-construction Kiziltepe mine in Turkey .
A drill and rock sampling programme at Kizilcukur, 22km north east of Kiziltepe, indicated gold grades of 7.6 g/t and 3.5g/t up to 60m below the surface with notable silver as well.
The highest grades were at depths of up to 30m.
Kizilcukur has potential to become a higher-grade satellite operation for Kiziltepe, according to Kerim Sener, Ariana’s managing director, who said the fact that highest grades were found nearest the surface would help an open pit operation.
“Future drilling will need to concentrate on a specific level within the vein system to demonstrate the full strike potential of this resource area,” he added.
Ariana owns 100% of the Kizilcukur, while Kiziltepe is being developed as joint venture with Turkish partner Proccea.
The current plan for Kiziltepe is to produce 20,000 ounces gold equivalent over eight years but exploration success in surrounding areas such as Kizilcukur may boost this mine life.