The Kiziltepe Mine and the Tavsan and Salinbas Projects are all located in Turkey
(), an AIM-listed exploration and development company operating in Europe, said it was granted up to three months extension to submit its 2020 financial results because of travel restrictions imposed by the coronavirus (COVID-19) on its review process disabled.
“Due to delays due to ongoing travel restrictions to and within Turkey, our review process is continuing and the annual report is expected to be finalized in early July to be announced and published later in July for our general meeting to be held in August” said managing director Dr. Kerim Sener.
“Our joint venture operations in Turkey, which include the Kiziltepe mine and the Tavsan and Salinbas projects, produced 18,645 ounces of gold by the end of 2020 as reported in January 2021. JV production has continued uninterrupted and the Kiziltepe mine continues to perform in line with guidance provided in March 2021 which we expect to produce 19,000 ounces of gold by year end.
“The JV recently completed a 10,052 meter drill program at Kiziltepe and drilling is now continuing on Kepez and other nearby prospects. Preparations for new drilling campaigns at Tavsan and Salinbas are also in full swing and are expected to begin in the summer, ”he added.
The company announced that it would publish its results as soon as possible, but no later than September 30, 2021.
Yesterday, Ariana said the drill results confirmed high grades in the Derya area of the Kiziltepe gold-silver mine in western Turkey.
READ: Ariana Resources says drilling confirms high grades in the Derya area of the Kiziltepe Mine
