LONDON (ShareCast) - (Sharecast News) - Ariana Resources reported strong new assay results from five geotechnical drill holes at the Dokwe Gold Project in Zimbabwe on Monday, conducted as part of the project's pre-feasibility study.
The AIM-traded firm said the results confirmed the continuity of mineralisation and expanded the resource potential in key areas of the deposit.

Drilling in the Eastern Zone intersected high-grade mineralisation, with hole DPD126 returning two metres at 17.11 grams of gold per tonne from 176 metres, bridging a previously-untested gap and extending the strike length to about 270 metres.

Hole DPD127 meanwhile confirmed continuity within a dacitic unit, with intercepts including eight metres at 4.32 grams of gold per tonne from 116 metres, five metres at 5.14 grams per tonne from 142 metres, and a significant 36-metre interval grading 2.38 grams per tonne from 261 metres.

Ariana added that hole DPD128 provided further evidence of grade continuity on the northeastern limits of the mineralisation, which remained open at depth and along strike.

The results were being incorporated into a revised mineral resource estimate for Dokwe North.

Structural measurements and portable XRF analyses were ongoing, enhancing the geological understanding of the deposit and further supporting its development potential.

"The latest assay results from our flagship Dokwe Gold Project in Zimbabwe further reinforce our understanding of the geology and resource potential of this high-value asset," said managing director Dr Kerim Sener.

"Most importantly, one of the drill holes confirms the presence of significant gold mineralisation occurring within an area now referred to as the Eastern Zone, demonstrating considerable strike continuity of over 270m for this zone alone, in addition to pointing towards the further depth extent of the deposit.

"While our geological model has continued to evolve with the addition of new assay and other geological and geochemical data, our confidence in defining the structural controls on mineralisation has increased substantially."

Dr Sener said that would result in an "even more robust" resource model for the feasibility study programme.

"Furthermore, there is now substantial evidence that the high-grade zones within the deposit are shear-controlled and suggest the potential for depth continuity.

"In addition, we are continuing to evaluate the wider exploration opportunities across the Dokwe Project in late 2024.

"The field team recently collected 2,000 soil samples for pXRF analysis over the areas surrounding Dokwe North and Central; the results of this work will be released, when available, in the coming months."

At 1049 GMT, shares in Ariana Resources were up 2.43% at 1.9p.

Reporting by Josh White for Sharecast.com.

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