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Ariana Resources (AIM:AAU) is a gold exploration and development company with joint venture gold mining operations in Turkey, the largest gold producing country in Europe. Ongoing exploration and development is supported by a profitable, low operating cost gold mine in western Turkey. Ariana's vision is to increase gold production from their joint venture towards 50,000 ounces of gold per annum. WThe company is also exploring and developing the Salinbas Project which demonstrates the potential to be a multi-million ounce gold and base-metal deposit.

The Kiziltepe Mine has been generating positive cashflow since the start of commercial operations in July 2017. Meanwhile the Salinas Gold Project represents a significant opportunity for the future growth of Ariana, containing 1 million ounces of gold defined. The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield. The “Hot Gold Corridor” contains several significant gold-copper projects including the 4Moz Hot Maden project which lies 16km to the south of Salinbas and 7km south of Hizarliyayla.

 

Latest Articles

Ariana Resources (LSE:AAU), the AIM-listed exploration and development company operating in Europe, disclosed better-than-expected preliminary production results for the quarter ended 30 September 202...

Shares in Ariana Resources (LSE:AAU) flew 10% higher on Tuesday 29 September as it announced plans for a special dividend. Investors will be rewarded once the AIM-listed European gold-silver explorer...

Shares in Ariana Resources (LSE:AAU) flew 10% higher on Tuesday 29 September as it announced plans for a special dividend. Investors will be rewarded once the AIM-listed European gold-silver explorer...

Ariana Resources (LSE:AAU) re-captured its multi-year highs on Wednesday, rising by more than 7% to 4.2p on news of a potential transformational deal for its Turkish assets. Ariana revealed that cons...

Ariana Resources (LSE:AAU) has renewed its holding over the Ivrindi gold project in western Turkey. On Monday, the company revealed that its operational licence for the 100%-owned asset has been exte...

AIM-listed gold-silver explorer Ariana Resources (LSE:AAU) has reported 50% higher resource indicated at its Tavsan project in Turkey.  Estimates now sit at 4.49 million tonnes at 1.76g/t gold and 5...

Ariana Resources (LSE:AAU) jumped 9% to 3.4p a share on Monday after pushing the life of its Kiziltepe gold mine out to 2026. An updated JORC-compliant mineral resource estimate put the Turkey-based ...

Ariana Resources (LSE:AAU) said its operations in Turkey had not been affected by the spread of coronavirus on Wednesday. In its first-quarter figures, the company said that it has "implemented all ne...

A busy period for newsflow at Ariana Resources (LSE:AAU) continued on Thursday as the firm revealed that the latest round of work at one of its major satellite gold deposits in Turkey has completed. T...

Wednesday saw Ariana Resources (LSE:AAU) reveal that a detailed assessment of its portfolio of Turkey-based gold assets has now completed with respect to a potential joint venture (“JV”). The £26...