Ariana Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Reports further results from the Hizarliyayla area of the Salinbas project, of which it owns 24%. Says that a drilling programme at Hizarliyayla was completed for 6,005.8 metres, comprising 10 diamond drillholes since December 2022. Notes that the best high-grade intercepts to date include 1.0 metres at 2.80 grams per tonne of gold, and 5.26 grams per tonne of silver from 72.5 metres at HZR006.
Managing Director Kerim Sener says: "Geological, geochemical, and geophysical data obtained from Hizarliyayla to date suggests that there are several similarities to the mineralisation encountered at Hot Maden. Furthermore, the spacing of mineralisation centres along the NNE-trending corridor encompassing Hot Maden, Hizarliyayla and Salinbas/Ardala is an intriguing feature of the geology and reinforces the high prospectivity of this region...Our goal now is to identify whether the system has a more highly mineralised core."
Current stock price: 2.17 pence, down 1.1% on Wednesday
12-month change: down 36%
By Holly Beveridge, Alliance News reporter
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Ariana (AAU)