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Ariana Resources – drilling news, shares well worth a look?...

By Nigel Somerville | Wednesday 18 December 2019


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Turkish gold-miner Ariana Resources (AAU) has announced promising drilling results from Arzu South, one of the feeder sites for its joint venture Kiziltepe production plant. In short, it looks as though head honcho Kerim Sener is fairly convinced that an underground operation may be viable. Further, we are told that the resource estimate for Kiziltepe is due to be revised during Q1 next year with a view to extending the formal mine life beyond the current eight years...

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