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Ariana Resources Says Kiziltepe Resource Estimate Upgraded

Mon, 25th Apr 2016 08:02

LONDON (Alliance News) - Ariana Resources PLC on Monday said the resource estimate for the Kiziltepe project has been increased following a recent drilling programme.

Ariana said the overall mineral resource has been increased to 195,200 ounces of gold and 3.15 million ounces of silver. The gold estimate has been hiked 44,500 ounces, while the silver estimate has risen 886,000 ounces.

"Following the completion of an extensive review of our geological model and the addition of new drilling data, this result is a very pleasing update on our resource estimate for the Kiziltepe Mine," said Ariana Managing Director Kerim Sener.

Ariana shares were up 3.5% to 1.47 pence Monday morning.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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IN BRIEF: Ariana Resources sees progress stalled at Tavsan mine

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Ariana Share News (AAU)

Share Price Information for Ariana (AAU)

Ariana Resources Says Kiziltepe Resource Estimate Upgraded

IN BRIEF: Ariana Resources profit falls in tough economic background

Ariana Resources says subsidiary Western Tethyan executes earn-in deal

TRADING UPDATES: SigmaRoc Sweden boost; Mosman's Cinnabar-1 success

TRADING UPDATES: Silverwood instructs solicitors to liaise with Lush

TRADING UPDATES: RC365 signs deal with Wching; Woodbois raises cash

TRADING UPDATES: Poolbeg patent boost; Resolute Mining resource up

Ariana Resources increases stake in Venus ahead of IPO

AIM WINNERS & LOSERS: In The Style plummets on sale of operations

IN BRIEF: Ariana Resources sees progress stalled at Tavsan mine

TRADING UPDATES: Downing Renewables acquires two hydropower plants

Ariana reports positive results from Kiziltepe survey

Ariana Resources notes positive Kiziltepe geophysical survey results

TRADING UPDATES: OnTheMarket expects annual revenue and profit to rise

Ariana reaches record full-year production at Kiziltepe

Ariana Resources gold production at Kiziltepe leaps ahead of guidance

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