The latest exploration work undertaken by Ariana Resources plc (LON:AAU) in Turkey has revealed significant potential for the expansion of the Ivrindi gold project.
Ivrindi is 100%-owned by Ariana and is held separately from the Kiziltepe joint venture, which is already in production.
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Ariana is now planning a 1,500 metres reverse circulation drilling programme in order to test the full strike-length of the mineralised structure.
XRF analysis has revealed a 1.3km long extension of the mineralised zone at Ivrindi.
What’s more, gold mineralisation is encountered at the surface at grades ranging from two grams per tonne to 10 grams.
Trial mining has already recently produced 8,000 tonnes of ore from Ivrindi, and a total of c.13,000 tonnes of gold mineralised material has now been stockpiled.
"The discovery of a new zone of mineralisation outside of the areas previously tested with soil geochemistry or drilling, indicates the potential to grow the resource at Ivrindi substantially,” said Ariana’s managing director Dr Kerim Sener.
“Meanwhile, trial mining at the project undertaken during this summer has been completed and a stockpile is being maintained on site. We are very pleased with these recent developments at Ivrindi and we are keen to demonstrate that this resource has the potential to be mined and trucked to the Kiziltepe processing plant in the future.”