Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Gold & silver

Ariana Resources unearths new vein on edge of Kiziltepe

A follow-up drill programme will begin in July and August,

Ariana Resources plc (LON:AAU) has discovered another potential gold vein system close to its planned mine at Kiziltepe in Turkey.

The new system is at the edge of the waste-rock dump site at Kiziltepe with rock-chip grades of 5.27g/t and 4.87g/t gold and 21.5g/t and 8.0g/t of silver.

A drill programme will follow in July and August, Ariana said.

Kerim Sener, managing director, said the new vein was discovered by earth moving for the waste rock dump and alongside the recent discovery at Arzu Central will be tested in the next drilling programme.

He added the operating licence for the Karakavak prospect 10km to the northeast of Kiziltepe had also been renewed until 2020 enabling it to drill there for the first time.

First gold from the Kiziltepe mine is expected late this year.

Shares rose 9% to 1.55p.

-- updates for share price --

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK