Ariana Resources PLC (LON:AAU) said drilling results from the Banu area of the Kiziltepe mine in Turkey confirmed the presence of higher-grade mineralisation at the south-eastern end of the vein system.
A drilling programme tested the south-eastern half of the Banu vein system over 200 metres of strike to depths of about 100 metres. New significant intercepts within the vein system included 4.1 metres at 3.58 g/t (grammes per tonne) gold and 78.9 g/t silver; 7.0 metres at 2.01 g/t gold and 70.6 g/t silver; and 2.6 metres at 5.08 g/t gold and 102.5 g/t silver.
“These results confirm the presence of higher-grade mineralisation towards the south-eastern end of the Banu vein and improve confidence in the mineral resource and reserve estimation,” said Ariana’s managing director Dr. Kerim Sener.
“The results also demonstrate the continuity of the vein system to at least 100m below surface over more than 200m of strike.
“The higher-grade zone at Banu, like those on Arzu South, appears to plunge moderately towards the south-east. This finding, in particular, highlights the opportunity to identify other plunging shoots containing high-grade mineralisation elsewhere along strike.
“As with other vein systems at Kiziltepe, additional drilling has proven the potential to add to the resource base, which could lead to further increases to the life of mine,” he said.
Kiziltepe is 23.5% owned by Ariana.