• Tavsan
  • Tavsan Ore

Tavsan Sector

Project area prospects

Overview

The Tavsan Project area currently consists of five mineralised zones; Main, West, East, North and Far North. The project represents an opportunity to deliver 30,000 oz per annum to the Red Rabbit Joint Venture via the development of a stand-alone heap-leach operation.

Following completion of a a scoping-level assessment for the Tavsan Project in 2016, Tavsan will be added to the Red Rabbit mining schedule, increasing production from approximately 20,000 oz pa to 50,000 oz pa between the two operations.

Ariana is investigating options for the fast-tracking of further exploration and development work at Tavsan, targeting completion of a PFS in 2017.

Highlights of the scoping study.

Location

Kutahya – Tavsanli – Orencik

Stage of Development

Scoping

Current resource

87,000 oz Au Indicated, 117,000 oz Au Inferred

Management target

300,000 oz Au Inferred

Average Grade

1.3 g/t Au, 3.9 g/t Ag

Total Metres drilled

18,467 for 171 holes

Geology

The Tavsan prospect contains 4km of outcropping gold mineralised jasperoid. The outcropping jasperoid occurs in an area covering 4km by 4km. Individual segments of jasperoid are exposed at surface for 500m and are up to 20m thick. Due to the gently dipping nature of the jasperoid much of the mineralisation is open-pittable at a very low strip-ratio.

Resource Development 2017

The current resource at the Tavsan sector is under revision following improved geological understanding.
  • Six significant target areas confirmed • 6m @ 3.37g/t Au + 3.67g/t Ag • 9m @ 1.30g/t Au + 4.32g/t Ag • Extensive new geochemical target areas identified demonstrating clear potential for resource growth
  • New discovery of the South Zone • Structural repeat of the Main Zone resource area- partly obscured by cover rocks
  • Trial mining stockpile of c.28,000 tonnes to date at an average grade of 1.41 g/t gold.

Timeline

Click the years below to reveal timeline detail.

  • 2017

    Extensive geochemical target areas identified across Tavsan, demonstrating clear potential for resource growth. Six significant target areas confirmed with some containing significant drill intercepts including 6m @ 3.37g/t Au + 3.67g/t Ag and 9m @ 1.30g/t Au + 4.32g/t Ag within c.20m from surface.
  • 2016

    Completion of a scoping-level assessment for the Tavsan Project. Tavsan added to the mining schedule enabling the Company to increase production from approximately 20,000 oz pa to 50,000 oz pa between two operations.
  • 2008

    Initial JORC resource of 215,000 oz Au equivalent.
  • 2008

    Ariana acquires the Tavsan project for US$500,000 and 3m shares in the Company at 5p per share from Odyssey Resources and a retained royalty of up to 2% on future gold production payable to Teck Resources.
  • 2003-2006

    Pusula Madencilik, Odyssey’s 100% owned subsidiary company in Turkey acquires the Tavsan property from Cominco . Pusula explores the project and following an extensive drilling programme they complete an initial resource estimate and Preliminary Economic Assessment.
  • 1996 - 97

    Cominco acquired the property and conducted several systematic surface sampling programs and some additional drilling.
  • 1995

    The MTA (Turkish government exploration agency) sampled the primary ore zone.
  • 1988

    Discovered by Australian company Ranger Exploration. Several drill holes were completed.