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Ariana Resources extends mineralization at Red Rabbit JV


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Ariana Resources extends mineralization at Red Rabbit JV

Ariana Resources Plc on Jan. 30 said assays from a recent phase-two drill program at the Kiziltepe project extended vein mineralization at the Banu and Arzu Far South areas.

Kiziltepe forms part of the company's Red Rabbit gold-silver joint venture with Proccea Construction Co. Ariana noted that it will own 50% of the property once the mine is operational, which is anticipated in this quarter.

Highlights from Banu included 3 meters grading 3.36 g/t of gold and 95.4 g/t of silver from a depth of 61 meters, which added 125 meters of strike to the zone.

At Arzu Far South, drilling identified a new silver-rich vein extension, returning 8 meters grading 0.82 g/t of gold and 60.4 g/t of silver from 79 meters, and 2 meters grading 1.35 g/t of gold and 64.6 g/t of silver from 27 meters.

Earlier in January, Ariana reported the discovery of a new vein system in Kiziltepe's Arzu Central area.

Ariana is planning to update the Banu resource estimate, with further exploration to be undertaken at the Banu, Arzu Far South and Fidan zones.