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It could have one of the largest gold projects on AIM.... it just needs to prove that estimate via lots of drilling
Thursday 05 Jul 2018 Author: Daniel Coatsworth

Ariana Resources (AAU:AIM) reckons it could have up to
2.7m ounces of gold and 16.1m ounces of silver in its Salinbas project in Turkey, which would represent one of the largest precious metal exploration assets of any miner on AIM.

This is only a target at present and is dependent on lots of exploration drilling proving that the company’s forecast is correct.

The project is next to the high grade Hot Maden asset previously part-owned by Mariana Resources and the reason why Sandstorm Gold bought that company in 2017.

Ariana must clear some hurdles such as permitting to undertake drilling in forestry grounds, plus potentially find a partner who could help fund exploration.

By way of comparison, Arc Minerals (ARCM:AIM) last week declared a 3m ounce resource on its Akyanga gold project. Chaarat Gold (CGH:AIM) has a 6.4m ounce gold project in the Kyrgyz Republic.

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