Ariana today announces it has signed an agreement with Avrupa Minerals (TSXV:AVP, No Rec) to acquire the Slivova gold project in Kosovo through its 75% owned Western Tethyan Resources (WTR). The deal is to acquire up to 85% of Slivova through two-stages; firstly a spend of €1.8m over three years for 75% and then to 85% by competing a Feasibility and Environmental impact assessment. We view this acquisition positively as it has a defined mineral resource (NI-43-101) of 0.64Mt grading 4.8g/t gol ....
10 May 2023
Ariana Resources - Western Tethyan acquires the Slivova gold project
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ariana Resources - Western Tethyan acquires the Slivova gold project
Ariana Resources PLC (AAU:LON) | 2.2 0 0.0% | Mkt Cap: 25.8m
- Published:
10 May 2023 -
Author:
Paul Smith | David Seers -
Pages:
5
Ariana today announces it has signed an agreement with Avrupa Minerals (TSXV:AVP, No Rec) to acquire the Slivova gold project in Kosovo through its 75% owned Western Tethyan Resources (WTR). The deal is to acquire up to 85% of Slivova through two-stages; firstly a spend of €1.8m over three years for 75% and then to 85% by competing a Feasibility and Environmental impact assessment. We view this acquisition positively as it has a defined mineral resource (NI-43-101) of 0.64Mt grading 4.8g/t gol ....