Australian outfit Ariana Resources dropped some updates about their Dokwe gold project over in Tsholotsho, and the drilling campaign has hit the halfway point with 2,411 meters done out of a planned 4,000-meter run. Managing director Kerim Sener mentioned the geological models they had before starting matched up with what they found underground, and the team spotted strong silicification plus some shearing patterns around the Dokwe Central structure that got them hyped about expanding the resource estimate.
The company sent 880 samples to Antech Laboratory for testing, and they used portable X-ray fluorescence tech onsite to get quick readings while drilling continued. Sener said they might tack on extra drill holes based on what the pXRF data showed them, and lab results should drop before the year wraps.
Separately, Ariana locked down an 8 million Australian dollar funding deal with Chinese mining group Hongkong Xinhai Mining Services that includes a 500k signing bonus. Xinhai will handle metallurgical testing for a million bucks and run a feasibility study for up to 2 million, with both paid in shares at 30 cents each.
The company sent 880 samples to Antech Laboratory for testing, and they used portable X-ray fluorescence tech onsite to get quick readings while drilling continued. Sener said they might tack on extra drill holes based on what the pXRF data showed them, and lab results should drop before the year wraps.
Separately, Ariana locked down an 8 million Australian dollar funding deal with Chinese mining group Hongkong Xinhai Mining Services that includes a 500k signing bonus. Xinhai will handle metallurgical testing for a million bucks and run a feasibility study for up to 2 million, with both paid in shares at 30 cents each.
