en.Wedoany.com Reported - Ariana Resources is making progress on the Dokwe Gold Project in Zimbabwe and its assets in Turkey. The company is focused on its 100%-owned Dokwe project, which currently has an estimated mineral resource of 1.1 million ounces, making it the largest undeveloped gold deposit in Zimbabwe. Reverse circulation drilling has demonstrated resource growth potential, with key intercepts including 4 metres at 16.90 g/t gold from a depth of 69 metres. An updated Pre-Feasibility Study (PFS) is expected to be completed in the coming weeks, incorporating revised optimisations and economic assumptions.

Managing Director Dr. Kerim Sener stated: "Our reverse circulation drilling programme continues to deliver compelling results, particularly in the northeast strike extension area at Dokwe North. We believe this will lead to the further delineation of oxide mineralisation." The PFS update, based on revised optimisations completed last year, is expected to reveal the project's scale and economics. Additionally, an investment of up to A$11 million from Hong Kong-based Xinhai Mining Services is being used to advance the Definitive Feasibility Study.

In Turkey, Ariana continues to generate revenue through its 23.5% equity stake in Zenit Mining Operations, with its Tavşan Gold Mine producing 4,533 ounces of gold and 10,305 ounces of silver during the quarter. The heap leach operation is ramping up smoothly, with an average production cost of US$1,696 per ounce. Resource testing at Tavşan has been completed with 316 drill holes, exceeding the original plan, and drilling results from the Main Zone and South Zone have demonstrated high-grade continuity and resource expansion potential. A JORC resource update is expected to be released in the second quarter of 2026.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com