Ariana Resources (AIM: AAU) has announced that Western Tethyan Resources (75% Ariana-owned) has completed an updated mineral resource estimate (MRE) on the Slivova Gold Project in Kosovo. The total gold ounces on the project increased by 78% over the previous estimate.
“With 176,000oz of Au and 646,000oz Ag in global resources now defined, Slivova is now well on track to be developed conceptually as a high-grade, open-pit, and underground mining operation,” commented Ariana Resources managing director, Dr. Kerim Sener.
“Several exploration targets in the immediate vicinity require follow-up and drill-testing, and the broader project area contains significant exploration potential for similar mineralization based on the latest regional BLEG stream-sediment results.”
Between October 2022 and June 2023, the Western Tethyan and Ariana teams completed detailed field, drill core and digital data reviews of all information attributed to the Slivova Project and its mineral resources.
Highlights included:
- Measured resources: 835Kt @4.3g/t Au + 15g/t Ag for 113,000oz Au + 402,000oz Ag
- Indicated resources: 296Kt @3.6 g/t Au + 15g/t Ag for 33,000oz Au + 144,000oz Ag
- Inferred resources: 250Kt @3.7g/t Au + 13g/t Ag for 30,000oz Au + 100,000oz Ag
Other target areas previously identified in the immediate vicinity, including Dzemajl, Valiaviste, and Brus, are defined by geochemical and geophysical anomalies. A 4,500m drilling programme is planned for the next phase of mineral resource infill drilling and broader exploration drilling.
The Slivova gold and silver deposit, consists of intrusive-related, stratiform massive to disseminated gold-bearing and base metal mineralogy hosted in Cretaceous rock.
WTR executed a definitive Earn-In Agreement with Avrupa Minerals Ltd (TSXV: AVU) on the Project and can earn up to 85% by spending €1.8M.
For further information, please visit: www.arianaresources.com
