3rd May 2016 07:11
LONDON (Alliance News) - Ariana Resources PLC on Tuesday outlined plans to start a new drilling programme on the Kiziltepe gold and silver project in Turkey following good recent resource development results.
A reverse circulation drilling programme on the project will focus on drilling extensions to several veins of mineralisation at Kiziltepe, Ariana said.
The programme will be funded from existing cash resources and is set to start in July.
"Recent announcements by the company have demonstrated unequivocally that the resource base at the Kiziltepe project will continue to grow with further drilling," said Kerim Sener, Ariana's managing director.
Ariana shares were up 12% early Tuesday to 1.72 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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