Ariana Resources saw it share price jump in mid-morning trading after announcing further gold discovery at its Salinbas Gold Project in Turkey.
The company’s share price rose just under 3% to 1.202 after the Ariana revealed positive results of recent exploration across the Hot Gold Corridor and within its wholly-owned 1 Moz Salinbas Gold Project.
The exploration revealed a significant 550 x 150m zone of precious and base-metal anomalism at Salinbas North.
The company said several precious and base-metal enriched extensions of the existing Salinbas resource demonstrate potential for further resource growth.
Dr Kerim Sener, Ariana managing director, commented on the latest exploration: "Salinbas already contains a JORC resource of c. 1 Moz gold. The latest exploration has demonstrated opportunities both within and outside of known areas to further grow the resource.
"The new discovery of Salinbas North also demonstrates that Salinbas is not an isolated zone of mineralisation and that considerable potential exists for other "Salinbas-type" deposits to be discovered in the vicinity along prospective geological horizons."