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%.
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%).
