Ariana Resources obtains mining permit for Turkey’s Kizilcukur project

17 November 2015 (Last Updated November 17th, 2015 18:30)

Ariana Resources has obtained the 51ha mining permit for its 100%-owned Kizilcukur gold and silver project in Turkey.

Ariana Resources has obtained the 51ha mining permit for its 100%-owned Kizilcukur gold and silver project in Turkey.

The project is located 22km north-east of the company's Kiziltepe mine.

Ariana Resources managing director Dr Kerim Sener said: "We are very pleased to have received our mining permit for the Kizilcukur Project, particularly while we have been in the process of completing our recent drilling and sampling programme.

"Receipt of this permit will enable the company to complete trial mining on the project."

"Receipt of this permit will enable the company to complete trial mining on the project, as we look towards defining a potentially mineable satellite resource for our Kiziltepe operation."

The mining licence granted will expire on 24 September 2022 and can be further extended.

According to the company, land access and forestry permits are already in place to carry out exploration, and drilling on the project is complete with sampling in progress.

The Kizilcukur project comprises one licence located in the Balikesir Province in Western Turkey and covers an area containing a series of sub-parallel quartz veins hosted by ophiolitic units trending north-west.

In October 2013, the company announced that a Joint Ore Reserves Committee (JORC) inferred resource of 162,000t at 2.39g/t gold and 48.5g/t silver has already been established at Kizilcukur based on 17 historic drill holes.

The current programme has been designed to test the near-surface resource potential along strike of the areas that were previously tested by drilling.