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IN BRIEF: Ariana Discovers New High-Grade Vein At Kiziltepe Mine

Wed, 02nd Sep 2020 17:17

Ariana Resources PLC - gold exploration & development company - Announces new resource and exploration drilling results obtained from the Kiziltepe mine in Turkey. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction Co, and is 50% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. A new high-grade vein has been discovered in the hanging-wall of the Arzu South vein, Ariana said, with further significant results identifying the potential for underground development at Arzu South. "We are now investigating the opportunities for further exploration and resource drilling in this area, along with progressing additional underground mining studies," said Managing DIrector Kerim Sener.

Current stock price: 6.12 pence

Year-to-date change: more than doubled

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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