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Gold & silver

Ariana Resources announces start of drilling at Salinbas and Tavsan gold projects in Turkey

Salinbas, located in north-eastern Turkey within the multi-million ounce Artvin Goldfield, contains a JORC resource of 1.5 million ounces of gold

Ariana Resources PLC (AIM:AAU) announced the start of drilling programmes at the Salinbas and Tavsan gold projects in Turkey, following a number of delays relating to COVID-19.

Phase 1 of a diamond drilling programme at Salinbas, consisting of 2,320 metres across 16 holes, aims to increase confidence in the resource by means of infill drilling, while some exploratory holes will also target the potential to expand the resource.

More than 2,000 meters of a diamond drilling programme will start imminently at Tavsan and comprise mainly of infill and resource step-out drilling with some additional exploration holes.

“These programmes were repeatedly delayed through this year, largely as a result of COVID-19-induced limitations on both our teams and on the drilling companies,” said managing director Dr Kerim Sener.

“Up until one month ago, we had expected an RC [reverse circulation] programme to commence, but even this had to be cancelled and we have now opted to undertake diamond drilling across both projects.

“A mid-winter programme presents some challenges, but as we will now be proceeding with diamond drilling this also provides some advantages,” he added.

These projects are part of the Zenit Madencilik San. ve Tic. AS joint venture with Proccea Construction Co and Ozaltin Holding AS and are 23.5% owned by Ariana.

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