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Share Price: 2.55
Bid: 2.40
Ask: 2.70
Change: 0.05 (2.00%)
Spread: 0.30 (12.50%)
Open: 2.50
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Low: 2.50
Prev. Close: 2.50
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Ariana reports good results at Turkey gold project

Wed, 16th Mar 2016 16:45

(ShareCast News) - Ariana Resources revealed positive drilling results from its Kepez West Project on Wednesday, following its recent drill programme in Turkey.Kepez West is located within the Red Rabbit joint venture, 12 kilometres trucking distance from the under-development processing plant at Kiziltepe.The AIM-traded firm said the results confirmed the presence of a significant near-surface mineralised system.Highlights included six metres at 2.7 grams of gold and 16 grams of silver per tonne from 10 metres, four metres at 3.2 grams of gold and 23 grams of silver per tonne from eight metres, and six metres at 2.2 grams of gold and 13 grams of silver per tonne from six metres.The results suggested a shallow-dipping stockwork vein-hosted style of mineralisation, with probable near-surface enrichment.Ariana said planning was underway for the commencement of trenching across the project, with potential follow-up shallow RC drilling."[The results are] extremely encouraging as it suggests that any resource potential is likely to be very shallow in this area, and therefore amenable to low strip-ratio open-pit mining," said managing director Dr Kerim Sener."Our future work will focus on defining a shallow resource in this area which, in time, may be scheduled with the output from our nearby Kiziltepe Mine, which will be entering production in H2 2016," he added.
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13 Jun 2024 16:41

TRADING UPDATES: Christie trading improved, maintains expectations

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13 Jun 2024 12:22

Ariana Resources upbeat on revised Dokwe mineral resources

(Sharecast News) - Ariana Resources, an AIM-listed mineral exploration and development company with interests in gold projects across Africa and Europe, reported a revised mineral resource estimate (MRE) for its Dokwe North and Dokwe Central projects in Zimbabwe on Thursday.

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6 Jun 2024 21:42

IN BRIEF: Ariana Resources updates on due diligence in Zimbabwe

Ariana Resources PLC - Precious metals exploration company focused on the Eurasian Tethyan metallogenic belt - Provides update on its due diligence review of the Dokwe gold project in Zimbabwe. Explains Ariana recently entered a conditional agreement to acquire 100% of Dokwe by way of merger with Rockover Holdings Ltd, in which Ariana currently holds around 2.1%. As part of its due diligence review, Ariana has completed four diamond drill holes for a total of 1,222m, two each at the Dokwe North and Dokwe Central deposits. Managing Director Kerim Sener says: "We have been able to both confirm historical drilling results, the distribution and nature of gold mineralisation within the Dokwe North and Central deposits and their geological controls, including new insights into the structural controls on mineralisation. The results from the holes at Dokwe Central in particular are critical for us to estimate resources at this deposit, and the three holes we have assays for so far have yielded lengthy zones of high and moderate-grade gold mineralisation."

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29 May 2024 19:41

EARNINGS AND TRADING: First Tin "consolidates" holdings in Taronga

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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9 May 2024 16:33

IN BRIEF: Ariana Resources gets Dokwe revised pre-feasibility study

Ariana Resources PLC - Precious metals exploration company focused on the Eurasian Tethyan metallogenic belt - Gets revised pre-feasibility study for the Dokwe project in Zimbabwe. Says Dokwe PFS shows post-tax net present value of USD160 million and a 13-year mine life at 60,000 ounces of gold per year. Dokwe project is part of Rockover acquisition, it adds. Managing Director Kerim Sener says: "This substantial update to the Dokwe Project PFS further underscores our assessment that the project represents a major value-accretive opportunity for the proposed enlarged Company once we complete our merger with Rockover. Notably, the revised PFS only includes the Dokwe North area and there is significant scope to enhance the economics further if Dokwe Central is included...We anticipate positive developments through further project optimisation studies of the Dokwe project, which require ongoing assessment, along with similar studies being undertaken across the rest of our project portfolio."

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1 May 2024 16:37

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 May 2024 13:41

Ariana sets out fresh production guidance for Zenit

(Sharecast News) - Mineral explorer and developer Ariana Resources announced its production guidance for 2024 from its stake in the Zenit mining operations on Wednesday.

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25 Apr 2024 13:12

Ariana Resources agrees all-share merger with Zimbabwe project owner

(Alliance News) - Ariana Resources PLC on Thursday said it has agreed to buy all of Rockover Holdings Ltd, the owner of the Dowke gold project in Zimbabwe.

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28 Mar 2024 10:28

TRADING UPDATES: Develop North net asset value down amid rising rates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Mar 2024 12:37

Ariana reports latest drilling results from Tavsan

(Sharecast News) - Mineral explorer and developer Ariana Resources unveiled the latest developments at its Tavsan Project on Tuesday, which it operates in partnership with Zenit, Proccea Construction and Ozaltin Holding, with Ariana holding a 23.5% stake.

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22 Feb 2024 16:10

Ariana posts positive drilling results from Kizilcukur

(Sharecast News) - Minerals explorer and developer Ariana Resources reported positive outcomes from its fourth quarter drilling initiative at the Kizilcukur Project in the Kiziltepe Sector on Thursday.

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22 Feb 2024 12:05

EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and Wednesday and not separately reported by Alliance News:

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15 Feb 2024 14:22

IN BRIEF: Ariana Resources completes Dokwe due diligence drilling

Ariana Resources PLC - mineral explorer and developer with gold mining interests in Turkey, Cyprus and Kosovo - Anounces completion of 1,222 metres diamond drilling for due diligence purposes at Dokwe Gold Project in Zimbabwe. Says two holes have been drilled at Dokwe North and two at Dokwe Central. Consultant has commenced assessment of metallurgy and potential process routes. Company says mineralisation's geochemical characteristics are being defined through an "extensive" pXRF programme on old and new drill cores. Dokwe is owned by Rockover Holdings Ltd, of which Ariana owns approximately 2.1%. Ariana says the companies are in "exclusive discussions" regarding potential "further collaboration".

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15 Feb 2024 13:38

Ariana Resources reports progress at Zimbabwe's Dokwe project

(Sharecast News) - Mineral explorer and developer Ariana Resources updated the market on the ongoing due diligence programme concerning the Dokwe Gold Project in Zimbabwe on Thursday, owned by Rockover Holdings.

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