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25/06/2024
Mining News

Gold and silver discoveries: Ariana Resources unveils exciting developments at Salinbas project

Ariana Resources PLC announced notable gold and silver intercepts at the Salinbas project in northeastern Turkey during the latest phase of drilling. The best holes returned grades of 1.88 g/t over 11 meters and 3.68 g/t over 6.7 meters, with higher values over narrower widths.

Additionally, a second horizon of ‘contact’-style mineralization was discovered beneath the WSW part of the Salinbas deposit, presenting a significant new exploration target. This mineralization occurs above the A-S Zone, believed to be a feeder zone for the entire deposit. Kerim Sener, Ariana’s managing director, expressed confidence in the continuity of mineralization across the Salinbas Zone, with the footprint expanding by 17%.

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The company is working on a revised Mineral Resource Estimate for the project, focusing on the Salinbas and Ardala zones. The exploration program is funded by $8 million from Ozaltin Holding, with $5 million already expended. Ariana owns 23.5% and operates the Salinbas project in partnership with Proccea Construction (23.5%) and Ozaltin Holding (53%).

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