Ariana Resources (AAU)

 

Ariana confirms further gold discovery at Salinbas

Ariana Resources has confirmed a further gold discovery at its Salinbas gold project.

It said a significant c.550 x 150m zone of precious and base-metal anomalism had been discovered at Salinbas North.

It said peak results in soils include: 3.83 g/t Au + 108 g/t Ag, 2.97 g/t Au + 94 g/t Ag and 1.67 g/t Au + 91 g/t Ag and several precious and base-metal enriched extensions of the existing Salinbas resource demonstrated potential for further resource growth.

Managing director Dr. Kerim Sener said: 'Salinbas already contains a JORC resource of c. 1 Moz gold.

'The latest exploration has demonstrated opportunities both within and outside of known areas to further grow the resource.

'The Salinbas Zone extends to the northeast and also to the southwest, with potential for both precious and base-metals.

'The new discovery of Salinbas North also demonstrates that Salinbas is not an isolated zone of mineralisation and that considerable potential exists for other "Salinbas-type" deposits to be discovered in the vicinity along prospective geological horizons.

'At the Ardala Zone, impressive previous drill intercepts from surface including 135m @ 2.28 g/t Au, with significant copper and molybdenum, demonstrate the importance of this gold-rich porphyry to the development of mineralisation in its periphery.'

At 8:04am: (LON:AAU) Ariana Resources PLC share price was +0.05p at 1.25p