viewAriana Resources PLC

Ariana Resources says drilling confirms high grades from Derya area of Kiziltepe mine

High-grade potential at Derya includes the previously reported "Bonanza Zone" intercept of 12.1 metres at 13.1g/t gold and 187.6g/t silver

Ariana Resources PLC -

Ariana Resources PLC (LON:AAU) said drilling results confirm high grades from the Derya area of the Kiziltepe gold-silver mine in western Turkey.

The drilling programme is testing the central and south-eastern extents of the Derya vein system over 670 metres of strike to depths of about 130 metres below surface.

The results confirm high-grade continuity to depths exceeding 100 metres from surface within the central part of the Derya vein, the AIM-listed company said.

Significant new intercepts included 4.2 metres at 6.07 grammes a tonne (g/t) gold and 98.2g/t silver; 7.1 metres at 2.23g/t gold and 11.3g/t silver; and 2.5 metres at 6.07g/t gold and 71.8g/t silver.

"This is yet another substantial set of new drilling results from the Kiziltepe mine exploration programme,” said managing director Dr. Kerim Sener. “Derya is continuing to yield higher gold grades, particularly in the central part of the vein system and in an area within about 50m vertical depth below the current pit bottom. 

“As the Derya pit continues to be developed, specifically towards the northwest, the pit is likely to be deepened to enable access to these higher-grade areas. Further pit optimisation will be undertaken in the coming months to determine the next stage of open-pit development in this area.

"It is also apparent that the Derya vein system links up with the Arzu structure, suggesting further potential to extend the limits of known gold and silver mineralisation between the Arzu and Derya open pits, the pit rims of which are only about 300m apart based on the current mine plan. 

“In addition, it is now apparent that the vein system, like Arzu North, comprises several sub-parallel vein structures and the gold mineralisation is not confined to a single structure," he concluded.

Kiziltepe is part of the Zenit Madencilik San. ve Tic. A.S. joint venture with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.

Quick facts: Ariana Resources PLC


Price: 4.6 GBX

Market Cap: £50.22 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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Ariana Resources talks big boost to resource at Kepez North, special divi...

Ariana Resources PLC's (LON:AAU) Kerim Sener caught up with Proactive's Andrew Scott soon after announcing that the resource estimate for the Kepez North area of the Kiziltepe gold-silver mine in western Turkey has doubled. It's now estimated to contain about 36,400 ounces of gold and 329,400...

on 22/7/21

2 min read