LONDON (Alliance News) - Ariana Resources PLC on Thursday reported "excellent" results from its exploration programme at at the Salinbas gold project in Turkey.
The company owns 100% of the project through its shareholding in Greater Pontides Exploration BV.
Among the highlights, the company said that conventional soil sampling along the target boundary of the Salinbas target returned 5.02 grams per tonne of gold, plus 405 grams per tonne of silver, plus 0.48% of copper, 1.45% lead and 0.26% of zinc.
A 2,000 metres reverse circulation drilling programme is scheduled for the second quarter of 2019.
"These results continue to reinforce our understanding of the distribution and continuity of gold mineralisation in the vicinity of the Ardala Porphyry, Ardala North and Salinbas North areas. We are confident that the testing of some of these targets with drilling will lead to the identification and definition of further resources within the project area," Managing Director Kerim Sener said.
Ariana shares were trading up 5.9% at 1.48 pence each on Thursday.
Ariana (AAU)