AIM-listed gold miner Ariana Resources has reported a positive update on activities at Red Rabbit in western Turkey which reinforce the the production potential at this flagship gold project.
Ariana has found high surface silver grades (averaging 65 g/t) from the Karakaya Vein at its Kepez prospect which complement existing high gold grades (gold equivalent grades now average 8.32 g/t).
As such, the group says that high gold equivalent grades could potentially lead to a doubling to the resources estimate for Kepez and lead to earlier-than-planned drilling at Red Rabbit.
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Managing director Kerim Sener said "These excellent silver results, make the already high-grade Karakaya Vein at Kepez an even more valuable prospect."
"While the Karakaya Vein continues to excite and is a priority target for our ongoing exploration programmes in the region, it forms only part of the wider Kepez prospect area. The geophysics programme conducted earlier in the year, coupled with prospect-wide surface geochemical anomalies, lead us to believe that Kepez will yield further high grade areas."
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