19th Jun 2023 12:02
(Alliance News) - Ariana Resources PLC on Monday reported gold, silver, copper and molybdenum findings at the Salinbas gold project in north-eastern Turkey.
The London-based exploration firm with interests in Turkey said it found up to 3.36 grams of gold per tonne, as well as up to 160.6 grams of silver per tonne, 12.92% copper and 168 parts per million of molybdenum.
"These results represent another major development for the Salinbas Project as a whole. We have now confirmed the presence of a significantly gold-rich core to the Ardala porphyry system in the deepest and one of the most well-mineralised holes drilled on the project to date, yielding almost half a kilometre of continuous copper, gold and molybdenum mineralisation, to a total depth of approximately three-quarters of a kilometre, ending in mineralisation," said Managing Director Kerim Sener.
"Importantly, this mineralisation is partly encountered outside of the zone previously identified as the high-grade potassic core of the porphyry, suggesting that our understanding of the overall potential is only just beginning."
Porphyry are decorative granites or igneous rocks with coarse-grained crystals.
Ariana Resources shares were 0.7% higher at 2.42 pence each on Monday morning in London.
By Tom Budszus, Alliance News reporter
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