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(Alliance News) - Ariana Resources PLC on Monday reported an improved resource estimate at its Kizilcukur project in Turkey.
The global mineral resource estimate has been improved to roughly 21,156 ounces of gold and 616,578 ounces of silver.
"This is a significant improvement over the previous resource estimate, which integrates the latest drilling data and geological modelling. Most of the resource now sits within the lower risk measured and indicated categories, in comparison to the previous estimate which contained only indicated and inferred resources. This is largely the result of the in-fill diamond drilling that was completed on the higher-grade Zeki Vein in early 2019," Ariana Managing Director Kerim Sener said.
Shares in the company closed 0.3% lower at 3.44 pence each in London on Monday.
By Eric Cunha; ericcunha@alliancenews.com
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