21st Jul 2015 08:24
LONDON (Alliance News) - Ariana Resources PLC on Tuesday said it has confirmed new gold targets at the Kepez and Karakavak projects in the Kiziltepe portion of the Red Rabbit gold project in Turkey.
Ariana said several additional gold-silver mineralised vein systems have been identified at Karakavak by follow-up soil and rock-chip geochemical programmes at the site.
The findings underpin the potential of the Red Rabbit gold project, Ariana said. Kiziltepe mine construction is set to start shortly, ahead of the first gold pour in the second half of 2016.
"We are delighted that the additional exploration work we are undertaking is continuing to identify new zones of resource potential, which further demonstrates the value of the Red Rabbit project for shareholders," said Managing Director Kerim Sener.
Shares in Ariana were up 4.1% to 1.1031 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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