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Ariana Resources upbeat on drilling results from Arzu Central area of Kiziltepe gold-silver mine

Published: 09:25 11 Aug 2021 BST

Ariana Resources PLC -

Ariana Resources PLC (AIM:AAU, FRA:4A6) (AIM:AAU) announced positive drilling results from the Arzu Central area of the Kiziltepe gold-silver mine in western Turkey.

The results confirmed high-grade continuity to depth for the extensions to Arzu North and Derya into the Arzu Central area. Arzu Central is predicted to represent a triple-junction between the Arzu South, Arzu North and the Derya vein structures.

"The latest drilling results from Kiziltepe demonstrate unequivocally that the Arzu and Derya vein systems are interlinked without interruption through the Arzu Central area, which is largely obscured beneath cover rocks,” said managing director Dr. Kerim Sener.

“We have long suspected that the vein system at Kiziltepe was not limited to the areas being mined and these results confirm that the Arzu structure itself is at least 2.5km long, with only about 50% of that strike length having been mined so far. 

“Likewise, the Derya structure clearly represents a splay off the main NW trend of the Arzu structure, which interestingly appears to carry typically higher grades than Arzu North,” he added.

New significant intercepts within the Arzu Central area include: 10.8 metres at 2.00 grammes a tonne (g/t) gold and 32.8g/t silver; 8.5 metres at 2.16g/t gold and 57.2g/t silver and 2.0 metres at 8.37g/t gold and 50.0g/t silver.

"What is immediately apparent from our latest understanding is that there is an area of not fully quantified resource potential in the area encompassing Arzu North, Derya and the Ceylan veins,” said Sener.

“We have named this important resource development area 'The Parallelogram' and this will become the focus of further resource development work, including further drilling, in the coming months. We will be working on a revised resource estimate for Kiziltepe accordingly." 

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.

Ariana Resources updates resource and reserve; realises long-term strategy

Joining Jonathan Jackson in the Proactive studio is Ariana Resources PLC (AIM:AAU) managing director Kerim Sener, who sits down to discuss the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye. The update encompasses the Kiziltepe and Tavsan sectors, operated...

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