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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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