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Ariana Resources PLC says Arzu North drilling has added year to Kiziltepe mine


“Collectively these results confirm the potential to extend the Arzu North open pit both to the northwest and to the southeast.

() said drilling at the Arzu North prospect in Turkey has indicated resources sufficient to extend the Kiziltepe mine by a year.

Multiple intersections were reported that could be used to extend the existing Arzu North open pit at the Kiziltepe mine, said the statement.

Kiziltepe is 23.5% owned by Ariana, which said that as a result of the drilling, the JORC Exploration Target for Arzu Far North now includes an additional 7,000 to 25,000 ounces of gold and 150,000 to 520,000 ounces of silver, which is the equivalent of year’s production currently.

Kerim Sener, Ariana’s managing director, said:  “This is an excellent set of results from the recent drilling at Arzu North.

“Collectively these results confirm the potential to extend the Arzu North open pit both to the northwest and to the southeast.

“A revised JORC Exploration Target based on these results demonstrates the opportunity to add a further year of mine life to the Kiziltepe operation, which would take production through to at least 2026.

“With further additions to resources and reserves expected in the coming years across the other vein systems at Kiziltepe, the operation remains well on target to reach a full decade of operational life.

“Meanwhile, production remains above target for the year to date, with ample stockpiled material available for the process plant expansion which remains on plan for commencement from H2 2021.”



Read More: Ariana Resources PLC says Arzu North drilling has added year to Kiziltepe mine

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