viewAriana Resources PLC

Ariana Resources renews licences in Turkey's Hot Gold corridor

The Salinbas project comprises Ardala, Salinbas and Hizarliyayla

Anglo Asian Mining PLC -
The Hot Gold Corridor in Turkey has already unearthed multi-million-ounce discoveries close to Ariana’s licences.

Ariana Resources PLC (LON:AAU) has had its suite of licences in one of the most sought after gold exploration areas of Turkey renewed for another five years.

Salinbas is located in the Hot Gold Corridor and Ariana's licences have been extended for a further five years until 2024.

The junior owns 100% of the project through its shareholding in Greater Pontides Exploration.

The Salinbas project comprises three licences at Ardala, Salinbas and Hizarliyayla, with most of the existing resources currently within Ardala.

The mining permit at Ardala has also been extended to cover this mineralisation and also the known resources at Salinbas and Salinbas North.

Kerim Sener, Ariana’s managing director, said the renewal was a major milestone and he was particularly pleased with the significant increase in the size of the operating permit at Ardala.

“That provides us with the right to undertake mining activities across the entire mineralised area within the licence.

 “As a result of these recent positive project developments for the project, the company is committing to the immediate commencement of an environmental baseline study and associated scoping work required in advance of an Environmental Impact Assessment. 

“We are also going to undertake further drill planning so that the company will be in a position to undertake dedicated resource drilling of this project from Q2 2020."

The Hot Gold Corridor in Turkey has already unearthed multi-million-ounce discoveries close to Ariana’s licences.

Quick facts: Ariana Resources PLC

Price: 2.05 GBX

Market: AIM
Market Cap: £21.72 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ariana Resources PLC named herein, including the promotion by the Company of Ariana Resources PLC in any Content on the Site, the Company...



Ariana Resources' Kerim Sener talks 'continued positive performance' at...

Ariana Resources PLC's (LON:AAU) Kerim Sener says the firm's enjoyed one its strongest quarters ever for revenues generated. He says production from the Kiziltepe mine in Turkey was just shy of 7,000oz and combined with a very strong gold price boosted sales. Sener also updates on...

3 weeks, 6 days ago

2 min read