Ariana Resources Share Discussion Threads

[kaos3] 29/4/2021 08:58

full respect for the high quality FORM, DATA and substance RNS

[soulsauce] 29/4/2021 08:57

Yep great spot trommel, the type of thing that if YJ were worth their money, would have put out in a tweet at the very least.

[actonovator] 29/4/2021 08:42

well spotted Trommel - that was a bit buried

[pedr01] 29/4/2021 08:42

Soz ... wrong board

[plasybryn] 29/4/2021 08:39

I think H2 was the stated target date renniks, so on target as far as I can see. Hopefully joining all these veins together is going to represent a big step forward. Not sure where we are on potential underground developments?

[trommel1] 29/4/2021 08:37

We now have 23% of Venus Minerals

[pauliewonder] 29/4/2021 08:37

And that is not factoring in copper ($4.5 now and going strong). We are extremely well positioned and that's why I am adding when I can

[pauliewonder] 29/4/2021 08:36

Agree. This really is top news. We need more exposure to other investors and that I'm my view will come with the increasing gold price and sentiment. When that happens, and it is coming very soon, then these awesome little gold companies like AAU will be like, well, gold dust

[pharmoutcomeszzz] 29/4/2021 08:28

Essentially, everyone who has stuck it out through these last 18 months with AAU has an optimistic view on life! Let us now hope we will reap our stickability!

[soulsauce] 29/4/2021 08:13

As I understand it, mining is one of the businesses unaffected by Covid lockdowns.
The team have already been taking necessary precautions.

[lottsgold] 29/4/2021 08:05

Can we be positive for 5 minutes haha This won’t be the rerate news but it lays the foundations. Covid has not really been an issue for Ariana so far so hopefully that continues.

[shortarm] 29/4/2021 08:03

Have you ever considered being a little more upbeat? Makes for a happier life :-P

[pharmoutcomeszzz] 29/4/2021 07:59

Good news agreed, but will it have much impact on sp? Turkey entering first full lockdown. How will that affect things?//

[renniks2016] 29/4/2021 07:46

Second mill up and running by H2 which is phenomenal progress, I thought the best we would get on this was Q1 22, just goes to show what can be achieved with the Ozaltin boys on board. They will make short work of getting to Salinbas when the time comes.

[lottsgold] 29/4/2021 07:44

Ball mill is on track for H2 also. Everything is rosy at Kiziltepe. Never doubted it. So much news to come from other areas too finally I'm allowing myself to get excited again.

[soulsauce] 29/4/2021 07:30

Brilliant news and a nice pointer to production being above target. Very happy with that.

[carcosa] 29/4/2021 07:19

For the short term: "Meanwhile, production remains above target for the year to date"

[pauliewonder] 29/4/2021 07:17

There we have it.....worth the wait on these results. Well done AAU - faith restored.

I love this. Whilst they can't confirm it just yet, if true that the structure connects (which it looks like it is) it will be a huge bonus:

Based largely on the work completed between 2016-2018, it is clear that the Arzu South and Derya vein systems do connect, however, there is still only partial data to suggest that Arzu North also connects with this broader structure. The latest results from the current drilling programme, particularly from hole KTP-D18-21 (107.2 - 114.1m: 6.9m @ 2.06g/t Au + 36.0g/t Ag), suggests that the Arzu North main vein ultimately connects to the Arzu South-Derya structure. The intercept from KTP-D18-21 expands the Arzu North mineralisation (southeastern extension), a further 150 meters to the southeast of the Arzu North designed pit base. This is a significant result which further emphasises the probability of the currently designed pits ultimately being expanded to encompass the partial merging of the Arzu North, Derya and Arzu South pit development plans.

[royalalbert] 29/4/2021 07:15

Plas great idea, can you keep quiet for the foreseeable future. Lol.

[lottsgold] 29/4/2021 07:14

That's some increase!In April 2020 (see announcement dated 23 April 2020), Ariana announced a JORC Exploration Target for the Arzu Far North area of 32,000 tonnes @ 1.90 g/t Au + 32 g/t Ag for 2,000 ounces Au and 33,000 Ag based on a largely conceptual model. The latest drilling results have confirmed the presence of the predicted mineralisation over 300m of strike, in places at higher grades and overall thicker intervals than modelled originally.

[shortarm] 29/4/2021 07:11

350% increase - Lovely wording :-)

[lottsgold] 29/4/2021 07:09

Lots of high grade silver. They've done 8000m and will continue to drill over coming months? That's a change isn't it, I though we were moving to Tavsan?The RNS states that there will be a steady release of data over the coming weeks and month now so no more boredom!

[renniks2016] 29/4/2021 07:02

There you go Plas
New significant intercepts within the Arzu North vein system along strike include:
o 20m @ 2.18g/t Au + 55.2g/t Ag

o 13.1m @ 1.89g/t Au + 28.2g/t Ag

o 14m @ 1.47g/t Au + 23.7g/t Ag

-- Revised JORC Exploration Target for Arzu Far North now includes an additional 7,000 to 25,000 ounces of gold and 150,000 to 520,000 ounces of silver, representing a >350% increase, and demonstrates the opportunity to add a further year of mine life to Kiziltepe.

Dr. Kerim Sener, Managing Director, commented:

"This is an excellent set of results from the recent drilling at Arzu North. Collectively these results confirm the potential to extend the Arzu North open pit both to the northwest and to the southeast. A revised JORC Exploration Target based on these results demonstrates the opportunity to add a further year of mine life to the Kiziltepe operation, which would take production through to at least 2026.

"With further additions to resources and reserves expected in the coming years across the other vein systems at Kiziltepe, the operation remains well on target to reach a full decade of operational life. Meanwhile, production remains above target for the year to date, with ample stockpiled material available for the process plant expansion which remains on plan for commencement from H2 2021."

[plasybryn] 28/4/2021 17:35

I won't say anything more about my pencil or imminent news and then it will probably happen! They say a watched kettle never boils.

[konil] 28/4/2021 16:56

somewhat disappointed with the way pms are performing this year. don't really understand what is holding them back except perhaps the often mentioned manipulation.

could do with another up leg to blow the cobwebs off miners like aau. mind you even at current prices aau's accounts should make sweet reading.