Ariana Resources Share Discussion Threads

[jbravo2] 06/12/2023 09:39

Quite possible? Evidence?

[jbravo2] 06/12/2023 09:36

I've done some research to stop potential investors just having to take either

a) my word for it
or
b) biggles' word for it

seeing as he also provided no evidence about why this could be like Hot Maden.
He alluded that it is down deep the gold will be found and that somehow finding 1m @ 2.8g/t above 300m is somehow similar to what Hot Madan was finding.
It isn't even remotely similar IMO.
Here are a few of the drill holes Hot Madan were reporting in their early drilling.



HTD‐05 ‐ Another impressive intercept with 82m at 20.4 g/t Au and 1.9 % Cu from 147m downhole including a bonanza 13m at 88 g/t Au and 2.5 % Cu from 150m

HTD‐06 …including 27.6m at 1.3 % Zn from 41.7m, 26.5m at 2.3 % Zn from 75.5m, 12m at 4.0 % Zn from 163m and 10m at 2.8 % Zn from 203m

HTD‐07 …8m at 1.63 g/t Au from 81m, 1m at 1.61 % Cu from 97m, 3m at 2.14 g/t Au and 0.43 % Cu from 124m, 1m at 1.33 % Cu and 0.42g/t Au from 136m, 1m at 4.79 g/t Au and 0.13 % Cu from 141m, and 1m at 2.99 g/t Au and 0.97 % Cu from 159m and 2m at 1.89 g/t Au from 214m

HTD‐45 (5m @ 5.0 g/t Au from 11m, 15m @ 3.2 g/t Au + 1.22% Cu from 24m, and 5m @ 9.1 g/t Au + 1.4% Cu from 46m)

HTD‐60: 83.3 m @ 15.9 g/t Au + 1.57% Cu from 167m downhole. Including 36m @ 17.9 g/t Au + 1.42% Cu from 190m downhole, 3m @ 68.1 g/t Au + 2.15% Cu from 233m downhole, 3m @ 60.0 g/t Au + 0.99% Cu from 242m downhole, and 3.3m @ 21.5 g/t Au + 3.77% Cu from 247m downhole. HTD‐62: 95.5m @ 32.1 g/t Au + 3.30% Cu from 36.5m downhole.

I could have cut and pasted many more results.

I'll leave shortarm and biggles to explain why it is really similar, with a little evidence.

Convince me and I'm in.

[shortarm] 06/12/2023 09:31

This result from Hot Maden is what they are looking for:
.
Sandstorm Gold Reports Hot Maden Drill Results: Intercepts 105.5 Metres of 17.39 g/t Au and 2.34% Cu

[zangdook] 06/12/2023 09:29

not sure the RNS justifies 'potential duplicate'

[shortarm] 06/12/2023 09:27

The 175 million was for just 30 percent if I remember correctly?

[xow98] 06/12/2023 09:25

New WH Ireland note out - I don't have full access

Ariana today reports drill assay results from its Hizarliyayla project in Turkey; identifying a potential duplicate of the Hod Maden project 8.5km to the south. The Zenit Partnership (23.5% Ariana and operator) has drilled 10 holes for 6,006m. As a reminder Hot Maden was bought for a total consideration of $175m (cash plus shares) in 2017 by a consortium from Mariana Resources (formerly listed on AIM). A feasibility study on this deposit published in late 2021 showed a 13-year mine life with ...

[soulsauce] 06/12/2023 09:12

I don't think I am Shortarm, that is why I agreed with DP's post.

[shortarm] 06/12/2023 09:10

Soul, Kerim seems quite confident of the geology (and he is as we know very conservative!)...
They know the area exceptionally well, they have one of the lowest costs of finding gold in the industry - would you bet against them?

[soulsauce] 06/12/2023 09:05

donald pond 21029, that's my take too.
Good to be finally getting the drilling results though.

[bigglesbingham] 06/12/2023 09:02

A lot of sells on greatland gold today wonder if some SVE may be selling to invest here having seen the potential.

[bigglesbingham] 06/12/2023 09:01

They had to give priority to life of mine results at kiz and tarsvan hence delays to sampling. Also been understanding salinbas better through drilling. That's the problem when your great a finding gold there's never enough labs when you need them.

[bigglesbingham] 06/12/2023 08:58

Just for the uninitiated or those who don't do any research and make uninformed comments. It's not the g/t reading at these depths that's important it's where they have found them and the fact they are increasing with depth at exactly where they have mapped out one of the largest potential finds they have ever made on a par jf not bigger than salinbas. Please do research as some potential investors may actual listen to you.

[donald pond] 06/12/2023 08:55

I'm in between on the interpretation. For grassroots exploration they are very promising results. I had just hoped we were further on in the process.

[shortarm] 06/12/2023 08:46

Thanks for bringing attention to AAU on other boards. For people who understand - they might consider you a bit of a ramper!

[jbravo2] 06/12/2023 08:40

Are you drunk?
Underwhelming drill results at best.
6,000m drilled and the best they have is ONE metre at 2.8g/t???

[d1g3y] 06/12/2023 08:38

This has brightened up my morning Hizarliyayla appears to be located at the heart of this corridor and the drilling results continue to demonstrate a widely dispersed alteration system containing abundant zones of mineralisation. Our goal now is to identify whether the system has a more highly mineralised core.

[bigglesbingham] 06/12/2023 08:32

I'm wondering if the main shareholders received theirs first. We will never know but what we do know is AAU has 6-7m in liquid assets, £12m profit starting next year from tarsvan and kiz. They have WTR where results are turning Newmont on to speed up progress, salinbaz and Hiz excellent proven resource to produce or sell Venus, and numerous other projects. All for current market cap of 24m. Excellent exploration team with wealth experience and skin in the game. Reg dividends 18 months and one off dividends if they offload any major exploration finds.

[zedder] 06/12/2023 08:17

I had 510k SVE and I've not had any AAU shares yet to add to the 1.2m I already hold. Personally I think it will be at least 2 more weeks before SVE is fully wound up.I wondered if the recent 1m sell was a shorter assuming that some SVE holders may sell the AAU shares they will eventually receive.

[bigglesbingham] 06/12/2023 08:13

That is I believe one of the best rnss AAU have made although the true impact of it won't be seen until deep drilling been conducted. I believe the team think Hiz is a hot madan style discovery and we know how much that went for!!! Happy Wednesday.

[shortarm] 06/12/2023 07:46

Heavily sold into safer hands.Just gives us a solid base once the many many sellers (just for JAF and Soul) finish selling.

[jaf1948] 06/12/2023 07:32

There are the three perennial comments that always come up on here:

1. Market makers are playing with the share price
2. There is a large background seller
3. The share prices moves with the price of gold

None are 100% accurate but they still keep making an appearance.

[xow98] 06/12/2023 07:18

One a week would be great. Still got Ardala results to come.

[dixi] 06/12/2023 07:05

News coming fast now, such a shame it's being heavily sold into.