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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) climbed to a multi-month high of 2.95p a share on Wednesday morning after locating several high-grade gold zones at its Tavsan project in Turkey. The exploration and develo...

Ariana Resources (LSE:AAU) opened up a world of new opportunity at the Salinbas gold project in north-east Turkey when it took over full ownership of the asset towards the end of 2016. After developin...

Ariana Resources (LSE:AAU) was trading at 2.32p on Monday after announcing that due diligence work has kicked off for a major joint venture (JV) over its Turkish assets. Groundwork led by Ariana’s ...

It’s been a good year for shareholders in Arian Resources (LSE:AAU). The recent rally in the gold price has helped bolster the company’s share price, which is now up 50% this year at 2.25p per sha...

Ariana Resources’ (LSE:AAU) strong week continued on Thursday with the ‘highly encouraging’ news that it had encountered bonanza-grade gold and silver mineralisation at Kizilcukur project in Tur...

Ariana Resources (LSE:AAU) enjoyed an 8.6pc boost to 2.1p on Wednesday following the release of a robust set of 2018 results that saw it reveal enhanced gold production and profits. The £22.2m busine...

Ariana Resources (LSE:AAU) sat at 1.97p on Monday morning after revealing that low operating cash costs at its Kiziltepe mine have continued into 2019. In a quarterly update for the Turkey-based asset...

On Tuesday, Ariana Resources (LSE:AAU) updated the market on developments at its Salinbas Gold Project in Turkey. The firm has received approval for a 10-year renewal of the Salinbas license from the ...

Ariana Resources (LSE:AAU) sat at 1.77p on Tuesday after revealing that it may have found a way to extend the life of its Kiziltepe mine in Turkey. The business said infill resource drilling has demon...

Ariana Resources (LSE:AAU) released a production update on Tuesday regarding its mining operations at the Kiziltepe Mine in Turkey. Gold production from the mine in the first quarter of this year exce...