Exploration and development company Ariana Resources said recent drilling results from the Kiziltepe mine confirmed signs of gold and silver.

Drilling had identified several mineralised structures between Derya and Arzu North, including the Aybor Vein, the company said.

'The grades and widths of mineralisation encountered increase our confidence in the current resource model and also demonstrate the potential for a further extension of the open-pit to the east and/or mining by underground methods in the future,' said Dr. Kerim Sener, Managing Director of Ariana.

A total of 3,162 meters of drilling for 25 holes was completed during the latest phase of drilling, with samples from the programme submitted to the mine site laboratory for fire assay analysis for gold and silver only, the company said.

The results also showed that the area between Derya and Arzu North contained several other gold-silver mineralised veins, with some showing potential to be economic, the company added.