Ariana Resources announces imminent start of drilling at Dokwe

Ariana Resources announced the imminent start of exploration drilling at its wholly owned Dokwe Gold Project in Zimbabwe on Thursday, following an extensive soil geochemical and geophysical programme that has significantly expanded the project's understanding and prospectivity.

  • Ariana Resources
  • 23 October 2025 16:21:57
Ariana Resources

Source: Sharecast

The AIM-traded company said drilling would focus on the Dokwe North and Central deposits, and new regional targets including the Sinkwe, Siduli Pan, Wabayi and Mpunzi prospects.

A total of 10,086 soil samples were collected and analysed using portable XRF and detectORETM methods across the 44 square kilometre project area, outlining multiple anomalies aligned with major shear zones extending for at least 12km of strike.

“Over the course of several months, the Dokwe site team have completed an extensive new soil geochemical programme over the entire project area, covering 44km² and undertaken on a tight grid,” said managing director Dr Kerim Sener.

“This work, in addition to an extensive assessment and re-processing of previous geological, geophysical and geochemical data, has resulted in a much-improved understanding of why the gold deposits at Dokwe North and Central are located where they are.

“Given that there is over 1Moz of gold contained within only about 10% of this strike length, with the rest remaining essentially untested by drilling, suggests there may be considerable upside and discovery potential elsewhere in the project area.”

Ariana plans to drill ten holes at the newly identified Dokwe Northeast Extension, where gold-in-soil anomalies suggest mineralisation could extend beyond the current resource.

Follow-up drilling was also planned at the Sinkwe prospect, where historical data recorded 7.3m at 6.63 grams of gold per tonne from 32.2 metres, and at the Siduli Pan target, which returned an isolated but high-grade intercept of 0.5 metres at 81.09 grams of gold per tonne from 243 metres.

The Dokwe Gold Project hosts a JORC-compliant Mineral Resource Estimate of 1.42 million ounces of gold at a 0.3 grams per tonne cut-off, contained within 44.9 million tonnes grading 0.98 grams of gold per tonne.

Measured and indicated resources make up 86% of the total.

Sener emphasised that the work undertaken had positioned Ariana to “commence drill testing at certain locations along over 12 kilometres of strike of these shear zones,” saying the company’s near-term objective is to “test high-priority targets that have either been inadequately followed up, or not followed up at all”.

At 1545 BST, shares in Ariana Resources were up 3.09% at 1.63p.

Reporting by Josh White for Sharecast.com.

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.