Salinbas

Salinbas Project Overview

Overview

A MAJOR GOLD-SILVER & BASE-METAL OPPORTUNITY

With over 1Moz defined, exploration at the Salinbas Gold Project has indicated the potential of the area to host major gold and base-metal mineralised systems. The Salinbas Project represents a significant opportunity for the future growth of Ariana.

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.

In addition to Salinbas, at the Ardala copper-gold-molybdenum porphyry there are consistent and strongly anomalous areas for copper, lead and zinc, with significant potential for coincident gold and silver, which have only been partially drill-tested.  Further south, the Hizarliyayla prospect is partially hosted within the same stratigraphic sequence as the Hot Maden discovery.

SCOPING STUDY SUMMARY

Mine Life: 10 years
Cash Costs: US$770/oz
Processing: CIL
Planned Production Rate: 50,000 oz Au pa
JORC Resource: 650,000oz (Indicated and Inferred) – targeting 1Moz
JORC Exploration Target: 1.4 - 2.7M oz Au
Royalty: State Right and 2% NSR to Eldorado Gold Corporation

Maps

RR01 Red Rabbit location map Turkey
Overview

Overview

A MAJOR GOLD-SILVER & BASE-METAL OPPORTUNITY

With over 1Moz defined, exploration at the Salinbas Gold Project has indicated the potential of the area to host major gold and base-metal mineralised systems. The Salinbas Project represents a significant opportunity for the future growth of Ariana.

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.

In addition to Salinbas, at the Ardala copper-gold-molybdenum porphyry there are consistent and strongly anomalous areas for copper, lead and zinc, with significant potential for coincident gold and silver, which have only been partially drill-tested.  Further south, the Hizarliyayla prospect is partially hosted within the same stratigraphic sequence as the Hot Maden discovery.

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