Ariana Provides Update On Red Rabbit Gold-Silver Project


News: UK-based gold exploration firm Ariana Resources has provided an update on the Kiziltepe sector of its Red Rabbit gold-silver Project in western Turkey. Production work at the site has been accelerated with the company's Turkish joint venture partner Proccea Construction. Proccea has invested around US$1.2mn in 2013 and owns 26.5% of the project. Proccea has also negotiated with a Turkish bank to provide a financing arrangement for the construction of the Kiziltepe gold-silver mine project.

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Related sectors of this article: Mining
Geography: Turkey