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Ariana unveils punchy exploration target for Turkish project
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.