JOHANNESBURG (miningweekly.com) – UK gold explorer Ariana Resources announced on Thursday that it had made a new discovery at its Salinbas gold project, which already has a one-million-ounce resource.
The company said it had discovered a significant 550 m by 150 m zone of precious and base-metal anomalism at Salibas North.
Peak results in soils include 3.83 g/t gold and 108 g/t silver, 2.97 g/t gold and 94 g/t silver, and 1.67 g/t gold and 91 g/t silver.
“The latest exploration has demonstrated opportunities both within and outside of known areas to further grow the resource. The Salinbas Zone extends to the north-east and also to the south-west, with potential for both precious and base-metals,” said MD Kerim Sener.
He added that the new discovery of Salinbas North also demonstrated that Salinbas was not an isolated zone of mineralisation and that considerable potential exists for other ‘Salinbas-type’ deposits to be discovered in the vicinity along prospective geological horizons.
At the Ardala zone, previous drill intercepts from surface, including 135 m at 2.28 g/t gold, with significant copper and molybdenum, demonstrate the importance of the gold-rich porphyry to the development of mineralisation in its periphery.
Shares in Ariana rose 3.25% on Thursday.
Edited by: Mariaan Webb
Creamer Media Senior Deputy Editor Online
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