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LONDON (Alliance News) - Ariana Resources PLC on Wednesday said drilling has confirmed a significant gold system at its Kepez West project in Turkey.
Ariana said drilling results confirm the presence of a significant near-surface mineralised system at the site. Intersects from the drilling showed up to 3.2 grams per tonne of gold in some parts of the site.
Planning is now underway for the start of trenching work on the project, with potential follow up drilling to come.
"The results of our recent drilling programme at Kepez West has confirmed the presence of a significant mineralised system. Many drilling intercepts returned good grades of gold and silver within close proximity to surface," said Managing Director Kerim Sener.
Ariana shares were down 1.9% to 1.03 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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