Ariana Resources PLC posted a 270% increase in the gold resource at the Kepez prospect, part of its 50%-owned Red Rabbit joint venture in Turkey with Proccea Construction Co.
The prospect now hosts JORC-compliant resources of 370,855 tonnes at 2 g/t gold and 13.8 g/t silver containing 23,854 gold ounces and 164,348 silver ounces, according to a May 31 news release. The previous gold estimate stood at 8,800 ounces.
The company also noted potential for resource extensions in a number of drillholes, including 9.6 meters at 3.0 g/t gold and 119 g/t silver and 6 meters at 2.7 g/t gold and 16 g/t silver from near surface.
