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Ariana Resources PLC - exploration firm with interests in Turkey - Says it has completed 12 geotechnical drill-holes at the Tavsan gold project in Western Turkey. 96 new holes have been drilled within the mineral resource area. Results received include 55 holes which intercepted gold mineralisation. Ariana says the primary objective of the 2021/2022 drilling programme at Tavsan was to provide infill drilling data, primarily into the measured and indicated categories.
Managing Director Kerim Sener says: ‘These drilling results have continued to reinforce our understanding of the Tavsan gold-silver deposit and have largely extended the footprint of known mineralisation, particularly across the North Zone. In fact, some of the highest grades and widest intercepts of mineralisation in the whole project are now located in this zone. Accordingly, we are expecting a significant improvement in the mineral resource estimate in this area in particular.’
Current stock price: 3.65 pence on Thursday, down 2.7% on Thursday
12-month-change: down 26%
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