Ariana reports good results at Turkey gold project

Kepez West is located within the Red Rabbit joint venture, 12 kilometres trucking distance from the under-development processing plant at Kiziltepe.

The AIM-traded firm said the results confirmed the presence of a significant near-surface mineralised system.

Highlights included six metres at 2.7 grams of gold and 16 grams of silver per tonne from 10 metres, four metres at 3.2 grams of gold and 23 grams of silver per tonne from eight metres, and six metres at 2.2 grams of gold and 13 grams of silver per tonne from six metres.

The results suggested a shallow-dipping stockwork vein-hosted style of mineralisation, with probable near-surface enrichment.

Ariana said planning was underway for the commencement of trenching across the project, with potential follow-up shallow RC drilling.

"[The results are] extremely encouraging as it suggests that any resource potential is likely to be very shallow in this area, and therefore amenable to low strip-ratio open-pit mining," said managing director Dr Kerim Sener.

"Our future work will focus on defining a shallow resource in this area which, in time, may be scheduled with the output from our nearby Kiziltepe Mine, which will be entering production in H2 2016," he added.