Ariana Resources identifies new drill targets in Turkey

23rd Oct 2013 10:48

- 10 new drill-ready targets found at Red Rabbit project- New high-grade gold-silver targets at Kiziltepe licencesAriana Resources has identified 10 new drill-ready targets on well mineralised veins at the Red Rabbit gold project in west Turkey. The company has also found a further 300 exploration targets within 75km of the planned Kiziltepe mine site. Within the Kiziltepe Sector licences exploration has discovered two gold-silver bearing quartz vein zones containing rock-chip grades."The recent efforts of the Ariana field team to identify new targets in the vicinity of the planned Kiziltepe mine-site have been very successful and highly encouraging, with 10 new drill-ready targets identified within the Kiziltepe licences alone," said Managing Director Kerim Sener. "This follows from our desire to understand fully the potential of the wider area to yield additional resources, which could in time be fed to the future plant at Kiziltepe."The group now planned to prioritise its exploration to focus on the definition of potentially mineable high-grade resources in the vicinity of the planned Kiziltepe plant, Sener added. Shares rose 2.22% to 1.15p at 11:06 on Wednesday.RD