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IN BRIEF: Ariana Resources reports ‘excellent’ Zimbabwe gold findings

ALN

Ariana Resources PLC - London-based mineral exploration and development company with gold mining interests in Africa and Europe - Reports ‘excellent’ drilling results from five holes at the Dokwe Gold Project in Zimbabwe. The hole at DPD126 intercepted 17.11 grams of gold per tonne in the Eastern Zone, which the company says is evidence of ‘significant gold mineralisation’. Further results confirmed the continuity of mineralisation in other areas of the project, the company says.

Managing Director Kerim Sener says: ‘The latest assay results from our flagship Dokwe Gold Project in Zimbabwe further reinforce our understanding of the geology and resource potential of this high-value asset. Most importantly, one of the drill holes confirms the presence of significant gold mineralisation occurring within an area now referred to as the Eastern Zone, demonstrating considerable strike continuity of over 270m for this zone alone, in addition to pointing towards the further depth extent of the deposit.

‘Furthermore, there is now substantial evidence that the high-grade zones within the deposit are shear-controlled and suggest the potential for depth continuity. In addition, we are continuing to evaluate the wider exploration opportunities across the Dokwe Project in late 2024.’

Current stock price: 1.86 pence, up 0.5%

12-month change: down 4.7%

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