17th Oct 2018 10:16
LONDON (Alliance News) - Ariana Resources PLC said Wednesday it has received "excellent results" from its recent exploration and development work at the Salinbas gold project in Turkey.
Shares in the exploration and development company were trading up 4.1% at 1.33 pence each Wednesday morning.
Ariana Resources said rock-chip sampling of the Ardala area during trial mining returned "excellent" grades including 3.48 grams per tonne of gold plus 1.5 grams per tonne of silver.
Composite channel-sampling over the main extension target returned 38 metres at 2.34 grams per tonne of gold plus 6.63 grams per tonne of silver.
The company expects to start an initial 2,000 metres reverse circulation drilling programme in the second quarter of 2019.
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