• Kizilcukur Drill Core
  • Kizilcukur

Kizilcukur

Other project area prospects

Overview

The Company has planned for a drilling program to test the full strike length of the mapped veins on this prospect covering an area of 15.2km2 and targeting the definition of a near surface resource that could in the longer term provide additional feed for the planned Kiziltepe plant. To date, 2km of mineralised quartz veins containing gold and silver have been delineated at Kizilçukur. Forestry permits to drill at this location were received during 2013. Future exploration will focus on locating and extending current high-grade zones.

Dogu Akdeniz Mineralleri San. ve Tic. Ltd. retains the right to a royalty of 2% Net Smelter Return on future commercial production from the Kizilcukur property.

Location

Balikesir - Bigadic - Yukarigocek

approx. 22 km NE from Kiziltepe
Stage of Development

Resource Drilling

Current resource

33,000 oz Au

Inferred JORC resource equivalent
18 months potential

of add-on mine life for the Kiziltepe Mine

Average Grade

Au 2.11 g/t, Ag 73.4 g/t

Total Metres drilled

1,791.6m (17 holes)

Geology

Kizilcukur covers an area with a series of sub-parallel quartz veins, containing high-grade gold and silver, hosted by ophiolitic units. An outcropping quartz structure (“Main Vein”), extends over a strike length of 800m.

The Kizilcukur deposit shows features of low sulphidation epithermal style mineralisation with a possible porphyry nearby. Early investigations suggested that the veins resemble a unique type of porphyry mineralisation known as D-veins. Mineralisation at the surface comprises banded comb quartz veins deposited by repeated slow cooling along with iron oxide (FeO) derived from weathering of sulphides.

The main host lithology for mineralisation at the Kizilcukur deposit is a thick basalt sequence. There are also highly deformed ophiolite related lithologies (deep marine sediments and serpentinite), tertiary volcanic related lithologies (tuff, ignimbrite, rhyolite lava, porphyritic intrusions) and continental sediments (chert, umber, limestone).

Rock chip sampling along the outcrop of the main vein has returned bonanza-grade assay results of up to 152 g/t gold and 1,320 g/t silver.

Timeline

The Kizilcukur Prospect was discovered in 1990 following a stream-sediment sampling program undertaken by Eurogold. In 2007 Kefi Minerals acquired the prospect and undertook several sampling and drilling programmes.

Click the years below to reveal timeline detail.

  • 2017

    Forestry permit granted to enable production from the Kizilcukur operating licence. Ariana retains the option to sell Kizilcukur to its joint venture company at three times the exploration cost.
  • 2014

    • XRF Soil Sampling.
    • Kefi Minerals drill core re-logged and analysed in detail with XRF
  • 2013

    JORC resource estimate completed.
  • 2012

    Kizilcukur tenement upgraded to operational status, valid until 24 September 2022.
  • 2011

    A 3D geological model based on the drilling compiled. IP/Resistivity work completed over the vein system. Area acquired by Ariana.
  • 2009

    Soil sampling programme completed.
  • 2007-2008

    • 17 drill holes distributed into two main areas.
    • Project acquired by Kefi Minerals.
    • Systematic surface rock-chip sampling.
  • 1990

    Eurogold complete stream sediment sampling and discover the veins.