Ariana Resources: An early stage gold play with plenty of potential


EXPLORATION AND MINING IN TURKEY


Ariana Resources plc is an AIM-listed and PLUS-traded gold exploration and development company. Ariana's advanced projects are located in western Turkey. Production is currently scheduled to start in 2012 on the Red Rabbit Gold Project. Ongoing exploration is fulfilled through our own work in western Turkey, via joint venture (European Goldfields) and strategic investment (Tigris Resources). Ariana is spearheaded by an experienced management team, which aims to discover and develop new gold mines.

Current JORC resources stand at 450,000 oz
Developing the Red Rabbit Gold Project
First production scheduled for 2012
Trial mining commenced in 2009
Quality licence portfolio with seven drill-stage prospects

Strategy : The Company has dedicated much of its exploration effort on the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits.

Within this province Ariana has one advanced development project (Red Rabbit Project) and a further two advanced exploration projects (Ivrindi and Demirci). The region surrounding the projects is named the WAVE Project Area, with our base of operations at Sindirgi located strategically at its core. Current resources held by the Company in the WAVE Project Area stand at 448,000 oz Au equivalent.

In addition to containing our advanced projects, the Project Area encompasses the majority of our exploration tenements in western Turkey. The exploration and development risk to future gold resources in this region is reduced due to excellent infrastructure and established local mining operations.

Ariana envisages that an aggregate resource of 1Moz of gold can be achieved within the Project Area and our strategy is designed to build on our existing resource base via exploration and future acquisitions.

In parallel to our resource development and exploration strategy in western Turkey, Ariana has joint ventured its exploration portfolio in northeastern Turkey to European Goldfields Limited and made a strategic investment in Tigris Resources (Jersey based private company). The Company also continues to evaluate new opportunities for acquisition or joint venture.

Objective : Ariana's objective is to deliver shareholder value through the discovery of new gold deposits and the development of gold mines.

The Company is committed to delivering value through a robust, cost-efficient and focused exploration and development strategy, which integrates geoscientific knowledge and new technologies to identify and advance and develop prospects rapidly.

Ariana is targeting the discovery of a multi-million ounce gold deposit in Turkey and intends to achieve this through a combination of acquisition, strategic partnership and full utilisation of its significant exploration expertise in Turkey.


http://www.arianaresources.com/investors/presentations

http://www.arianaresources.com/

"

KIZILTEPE DRILLING AND BUSINESS UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, is pleased to announce that
the new drilling programme at Kiziltepe on the Arzu South and North
veins has commenced and is expected to be concluded by March 2008.

Highlights


* New drilling programme underway at Kiziltepe



* Diamond drill-rig ordered; in-house drilling team to be
established



* Opportunity search and new exploration underway



Drilling Programme

A 2,500m diamond drilling programme has commenced on schedule at the
Kiziltepe prospect. This additional programme is part of the
resource definition work, which began in September 2007, and follows
on from our successful RC-drilling programme at Kiziltepe late last
year. The aim of this programme is to provide greater confidence in
the mineral resource estimate to 50m vertical depth, as this portion
of the resource is most likely accessible by open-pit.

A summary of the main drilling intersections reported previously for
the Arzu South Vein at the Kiziltepe prospect are listed in the
appendix below.

Other Activities

Ariana's operating subsidiary, Galata Madencilik San. ve Tic. Ltd.,
has recently concluded an agreement to purchase a diamond drilling
rig for delivery to Turkey in May 2008. In conjunction with this,
the Company is in the process of establishing its own drilling and
geological evaluation team. The in-house drilling team will allow
the Company to drill at any time of the year and will provide
increased flexibility to test new targets on Ariana's own projects or
those of potential joint venture partners. The drilling rig will
provide pay-back within one year, based on our planned drilling for
2008.

Following a complete desk-review of exploration opportunities in
Turkey, a new exploration programme is to commence in the Spring to
further develop the pipeline of drill-ready exploration
opportunities. The new drill-rig will be utilised to systematically
test the existing prospects and any new drill targets that are
identified and secured following the desk-review.

Dr. Kerim Sener, Managing Director, commented:

"Results from previously reported drill intersections, such as 8.9m
at 10.7 g/t and 6.6m at 15.5 g/t gold equivalent, underpin our
confidence in the Kiziltepe vein system to provide a near-surface,
high-grade gold-silver resource, which may be mined by open-pit.

"The results from the ongoing drilling programme at the Kiziltepe
prospect continue to confirm our expectation that the Sindirgi
Project will yield an economic gold resource, and the current
drilling programme has been designed to increase our confidence in
the top 50m of the deposit. This data will allow us to develop a
robust open pit model.

"An in-house drilling team will enable us to grow the Company through
further resource definition work at the Sindirgi Project as well as
at other sites of interest.

"2008 promises to be an important year for the Company's progress
towards becoming a gold producer in Turkey."

http://www.proactiveinvestors.co.uk/articles/art.php?AAU4

Good artical Andy !

2008 Precious Metals Investment Outlook


By Nick Barisheff of Bullion Management Group



Many global investors are concerned about counterparty risk problems, and what may turn out to be the worst financial crisis the credit markets have ever seen. In addition, the explosive growth in derivatives, new highs in the oil price, unsustainable US consumer debt, and a possible unwinding of the yen carry trade provide plenty to be concerned about.

While investors are concerned about these vulnerabilities in the midst of the worst financial crisis the credit markets have ever seen, the major cause of golds price increases can be attributed to unprecedented increases in global money supply and the inflationary implications. Contrary to the common belief that inflation is an increase in the Consumer Price Index (CPI), the classical definition of inflation is an increase in the money supply, which results in price increases.

Money supply has increased by:
a. 42 per cent in Russia
b. 21 per cent in India
c. 18 per cent in China
d. 12 per cent in UK
e. 8 per cent in Canada

Although the US Federal Reserve discontinued reporting M3 in March 2006, several sources have reconstructed the data and determined that the US money supply is now growing at an unprecedented annualized rate of 16 per cent. Since 2005 the US money supply has increased from US$10 trillion to US$13 trillion. Increases in money supply will likely accelerate, since central banks have announced they are prepared to provide liquidity in unlimited amounts in order to maintain bank solvency and prevent a systemic financial crisis. The inflationary implications of this policy should be obvious.

Golds role in predicting inflation has been documented by several sources. Recent studies by Ibbotson Associates and Wainwright Economics confirm that gold does provide a hedge against inflation over the long term, and that price increases are leading indicators of future inflation. Most recently, the Bank of Canada published a paper entitled Gold Prices and Inflation, which concluded that gold prices contain significant information about future inflation.

Wainwright Economics has conducted studies that show gold, silver and platinum are the best leading indicators of inflation over all other commodities, with platinum taking top honours. Given that gold increased by 26 per cent in 2007 and that platinum increased by 32 per cent (and has now surpassed its 1980 all-time high by nearly 43 per cent), the future outlook for real inflation indicates dramatic increases.

Its not only precious metals, however, that are pointing to much higher inflation rates. Financial media generally use the Core Consumer Price Index (CCPI) as a measure of inflation, although it is only useful for people that dont eat, or use energy. The full CPI has been relatively benign until lately, rising from an annualized rate of 2.5 per cent early in 2007 to 4.3 per cent in November. Even with this recent increase, the CPI understates and lags real inflation.

It is important to understand that the methodology used to calculate the CPI was changed, in the early 1990s, by the Clinton administration. Many adjusting factors, such as substitution and hedonic adjustments, were introduced. Recreation of the CPI using the original pre-Clinton formula shows that it is currently increasing at an astounding 8 per cent.Finally, the Producer Price Index (PPI) has increased by 7 per cent, commodities prices by 17 per cent, and oil by 57 per cent in 2007.

In establishing asset allocations for the coming years, a realistic view of inflation is crucial. Real wealth management must take into account real inflation. If real inflation is already at 8 per cent, then long-term bonds are not really a safe investment, but rather a guaranteed loss of purchasing power. And while the equity indexes may make new highs in nominal terms, they will likely experience losses in real terms.

A clearer picture unfolds if investment performance is measured in gold ounces. The Dow:gold ratio is an accurate long-term trend indicator. It peaked at 43:1 in 2000, and had fallen to 24:1 in 2005. It now stands at 16:1. This means that if you purchased a unit of the Dow with 24 ounces of gold in 2005, you would now get back only 16 ounces a loss of 36 per cent, even though the Dow made new nominal highs in 2007.

As we begin 2008, one thing is undeniable: the gold price has been steadily rising in all currencies since the summer of 2005, and that rise is now accelerating. Since climbing precious metals prices are an accurate indicator of future inflation and other economic vulnerabilities, investors would be prudent to structure their portfolios to minimize the effects of rising real inflation, and protect their wealth from systemic financial risks.

According to studies by Ibbotson Associates, precious metals are the most positively correlated asset class to inflation. From a strategic point of view, Ibbotson determined that portfolios could reduce risks and improve returns with a 7-15 per cent allocation to precious metals bullion, without any consideration to rising inflation or the impact of any financial vulnerabilities or imbalances.

Wainwright Economics determined that, in the current rising inflationary environment, bond portfolios need an 18 per cent allocation to precious metals bullion and equity portfolios need 47 per cent just to immunize them against inflation. In order to profit from current market conditions, portfolios should have much higher allocations. While we can debate appropriate percentage allocations, the fact remains that even though precious metals have posted impressive increases since mid-2005, most investment portfolios have no allocation to precious metals whatsoever. As a result, they are not protected from inflation or other systemic vulnerabilities, and are neither balanced nor diversified.

While mining stocks and precious metals proxies and derivatives may provide some exposure and trading opportunities, long-term wealth preservation requires fully allocated, segregated and insured bullion. As we have recently seen, the counterparties to Collateralized Debt Obligations (CDOs) and mortgages may default. The counterparty risk in many derivatives, which Warren Buffett calls financial weapons of mass destruction, is unknown. Since bullion is not dependent on anyones promise, representation or ability to perform, and is not someone elses liability, only it can provide protection against both systemic events and inflation while incurring low levels of risk.As the prices of gold, silver and platinum continue to rise, mainstream investors and institutions alike will begin to reallocate a portion of their resources, which exceed US$187 trillion, to precious metals.

Since above ground supplies of precious metals represent less than US$4 trillion in total, and only US$600 billion in privately held gold bullion, substantially higher price are indicated. If global investors decide to allocate even a modest 10 per cent of their assets to gold, US$18 trillion in financial assets will attempt to move into this tiny US$4 trillion market and higher prices will be the inevitable result.

When that reallocation begins, gold at US$1,100 per ounce will look like a bargain

smiler .... nothing polite i'm afraid ..... this company is so tiny that sp will move dramatically in the slightest puff of wind ..... charts on a co this size are a bit meaningless, but having looked at it, it certainly doe nothing to inspire ...... if you want to invest a good little gold miner, then CEY is streets better than AAU

Will take a look :)

"LONDON (Thomson Financial) - Ariana Resources PLC said its new drilling
programme on the Arzu south and north veins at its Kiziltepe gold prospect in
Turkey has started and is expected to be concluded by March.
"The results from the ongoing drilling programme at the Kiziltepe prospect
continue to confirm our expectation that the Sindirgi project will yield an
economic gold resource," Ariana's managing director Dr Kerim Sener said.
"2008 promises to be an important year for the company's progress towards
becoming a gold producer in Turkey," Sener added."

Well I like the look of AAU as a long term punt !!

13 February 2008
AIM / PLUS Markets: AAU

SUBSTANTIAL SHAREHOLDING

Ariana Resources plc ("the Company"), the gold exploration company
focused on Turkey, announces that it received notification on 13
February 2008 that Starvest plc, further to an acquisition of
3,000,000 Shares on 11 February 2008, now owns 12,256,000 Shares,
representing a holding in the Company's issued share capital of
17.19%.

Contacts:

14 February 2008
AIM / PLUS Markets: AAU

POSITIVE DRILLING RESULTS: KIZILTEPE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, announces the results from the
seven most recent Reverse Circulation (RC) drill holes completed on
the Banu Vein at the Kiziltepe gold prospect. The results show the
potential for resource additions to be derived from veins other than
the Arzu South and North vein system at the Kiziltepe prospect within
the Sindirgi Project.

Highlights

Ariana Resources reports positive drilling results from Kiziltepe gold prospect
AFX


LONDON (Thomson Financial) - Ariana Resources PLC has reported positive drilling results from the seven most recent drill holes completed on the Banu Vein at the Kiziltepe gold prospect in Turkey.

The gold exploration company said the results show the potential for resource additions to be derived from veins other than the Arzu South and North vein system at the Kiziltepe prospect within the Sindirgi project.

The latest drilling has confirmed the distribution of gold and silver grade along a greater strike length than that tested and reported on in 2007, the company said.

'We have scheduled further drilling to start in late February, which will test a 200 metre strike extension of the vein that has only been channel sampled to date,' Ariana's managing director Kerim Sener said.

The company also said that it has decided to extend the diamond drilling programme by up to 1,500 metres to test new target areas on the Kiziltepe prospect.

TFN.newsdesk@thomson.com

Key points from last weeks announcement.

"The results show the potential for resource additions to be derived from veins other than the Arzu South and North vein system at the Kiziltepe prospect within the Sindirgi Project".

The only area considered in estimates so far is ARZU so this will be additional. Arzu is only 5% explored.

The rig has moved on to Arzu South and North in mid January and will be back on Banu in late February so we can expect results for Arzu in mid March or earlier if its released in two batches. The rig then moves back to Banu for more drilling (extended programme). This is moving us nicely towards the arrival of our rig in May.

http://www.proactiveinvestors.co.uk/articles/art.php?AAU4

28 February 2008
AIM / PLUS Markets: AAU

JOINT VENTURE WITH EUROPEAN GOLDFIELDS

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, is pleased to announce that it
has signed a Heads of Agreement with European Goldfields Limited (TSX
/ AIM: EGU) for the joint development of Ariana's properties in
north-eastern Turkey, which include the Ardala copper-gold porphyry
and eleven other licences covering a total area of 168km2. Completion
of the Joint Venture and a related placing in Ariana is expected by
mid-April 2008, conditional upon satisfactory due diligence and the
signing of definitive agreements.

Highlights


* Joint venture to develop the Artvin properties, including the
Ardala Cu-Au Project



* Exploration programme to be funded by European Goldfields



* Significant projects to be advanced to Bankable Feasibility


Details of Joint Venture

The Joint Venture is focused on the Pontides region of Turkey, a
highly prospective geological terrain containing several major
deposits. The Ardala Cu-Au porphyry has been the subject of
reconnaissance drilling around the periphery of a porphyry intrusion,
which identified encouraging grades of copper and gold. It has a 600m
x 700m surface exposure centred on a magnetic high of 1,000m x 1,000m
extent. Copper-gold mineralisation has also been identified on other
properties in the vicinity of Ardala within granitoids and in the
surrounding country rocks.

Under the agreement, European Goldfields will initially own 51% of
the properties transferred by Ariana in to the Joint Venture.
European Goldfields will then fund all development costs of these
initial properties and any future properties located within a defined
area in north-eastern Turkey until completion of a Bankable
Feasibility Study, at which time European Goldfields' interest in
each relevant project will increase to between 80% and 90%,
respectively.

In addition, European Goldfields has agreed to subscribe for new
shares in Ariana at 5 pence per share in a private placement,
resulting in European Goldfields owning 20% of the outstanding shares
in Ariana following the placement.

Dr. Kerim Sener, Managing Director, commented:

"We are delighted by the initiation of our partnership with European
Goldfields in north-eastern Turkey, which promises a robust and
effective approach to the exploration for large copper-gold and gold
deposits. This joint venture forms part of our strategy to advance
our existing ground-holding in north-eastern Turkey, without
detracting from our focused resource development programme in western
Turkey."

"We are also very pleased to see European Goldfields become a
significant investor in the Company. The placement, at a premium to
market, is a strong vote of confidence, and funds us through the next
stages of our development of the Kiziltepe project and acquisition of
the Tavsan project."

David Reading, CEO of European Goldfields, commented:

"We are excited at this opportunity of rapidly growing our business
into Turkey in partnership with Ariana Resources, which has a proven
track record of securing prospective exploration licences and
operating effectively in the country."


Contacts:

7 March 2008
AIM / PLUS Markets: AAU

SUBSTANTIAL SHAREHOLDING

Ariana Resources plc ("the Company"), the gold exploration company
focused on Turkey, announces that it received notification on 6 March
2008 that Starvest plc, further to an acquisition of 4,200,000 Shares
on 5 March 2008, now owns 16,456,000 Shares, representing a holding
in the Company's issued share capital of 23.09%.

Contacts:

RESOURCE INVESTOR: Yeah. Now, during these times of sky-high gold prices, do you prefer producers, developers or explorers? Our readers would love to hear a few of your favourites.

FRANK HOLMES: What your readers should capture is the danger of these gold ETFs - equity ETFs there is a gold equity ETF. And youre seeing money flow into that faster than youre seeing it into gold funds. And with that, youre seeing that basically all the shares in those gold ETFs are getting where all the liquidity is, but if youre outside of that world, then theres hardly any buying.

So a lot of the junior stocks have not had any fresh money come to them, only those that are in the ETFs. That is going to affect capital formation for raising money for a new venture, and some hedge funds have basically ... I remember in November, one particular fund blew out $80 million worth of junior gold stocks in a day.

Not only was it a bad down day, it was just a bad day for juniors because they were underperforming. We saw the juniors last year underperform by 20% versus the overall gold equities. And my concern is that this formation of capital, unless theres some big discovery, significant, big, multi-billion dollar big discoveries, that youre not going to get money going into the exploration plays.

But whats positive (thats the negative part ... now let me talk to you about ... its a threat) let me talk to you about the opportunities. As the bifurcation gets greater between those that are producers, big cap versus mid cap, mid cap versus small cap, youre going to get the Pac-Man. The big caps going to buy the mid cap. So my price to book is at a high level, then Im going to buy a mid cap because its cheaper and safer to buy another company than it is to explore or develop resources. That mid cap is going to run out and buy junior, and the juniors going to buy a developer.

Exploration? Thats high risk. I think thats going to have a difficult time unless its flow-through money. But I think if youve got lots of reserves per share, and you have more than a couple of grams of gold per ton, and its not deep underground, then you all of a sudden show up on the radar screen to be acquired.

http://www.resourceinvestor.com/pebble.asp?relid=41137

Shares mag had some interesting comments including:

"It is a costly exercise to enter a new country on your own...You need to set up an office, form a local company, buy vehicles and so on. Through Ariana, we are already up an running." (David Reading, CE of EG)

"European Goldfields chose not to acquire Ariana outright, saying it didn't want to explore all of the junior's assets. Turkey is dominated by junior exploration companies who are part owned by major producers, holding strategic stakes in case of world-class discoveries."

4 April 2008
AIM / PLUS Markets: AAU

PURCHASE OF TAVSAN PROJECT

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce that it has signed a Heads of Agreement for the purchase of
the Tavsan Project (the "Tavsan Project") which comprises a total of
10 licences, from Odyssey Resources Limited (TSX-V: ODX) ("Odyssey").

Highlights


* Purchase of 100% of the Tavsan Project from Odyssey



* Removal of an earn-back right held by Teck Cominco Arama ve
Madencilik Sanayi Ticaret A.S. ("TCAM"), a subsidiary of Teck
Cominco Limited



* Revised royalty structure on the Tavsan Project with TCAM


Dr. Kerim Sener, Managing Director, commented:

"We are pleased to have concluded this agreement with Odyssey
Resources and TCAM. The Tavsan Project demonstrates merit as a low
capital-cost heap leach project which complements our growing
portfolio of resource development opportunities in western Turkey.

"The addition of the Tavsan Project to the Company gives us total
resources of approximately 270,000 ounces gold equivalent. We plan
to undertake additional drilling on the Tavsan Project to add
resources and to initiate a scoping study for a heap leach
operation."

Heads of Agreement

The Heads of Agreement relates to the sale of ten exploration
licences ("Licences") in Turkey owned by Odyssey's subsidiary, Pusula
Madencilik San. ve Tic. Ltd. ("Pusula"), collectively known as the
Tavsan Project, to Galata Madencilik San. ve Tic. Ltd. ("Galata"), a
subsidiary of Ariana.

Completion of the transaction is subject to:

1. The requisite Turkish regulatory authorities recording Galata
as the registered owner of a 100% interest in the Licenses;

2. Conclusion of a complementary agreement between Galata and
TCAM;

3. TSX Venture Exchange approval;

4. The receipt by Ariana of requisite regulatory approval.

As consideration for the transfer of the Licences, Ariana has agreed
to pay Odyssey:

1. A non-refundable deposit of US$250,000 in cash on a
definitive agreement relating to the transfer of the Licences; and

2. A deferred payment of US$250,000 in cash, and the equivalent
of GBP 150,000 in ordinary shares in the capital of Ariana (the
"Shares") at an issue price of 5 pence per Share (collectively the
"Deferred Payment"). The Deferred Payment will be held in escrow
until the transfer of the Licences is accepted by the Turkish General
Directorate of Mining Affairs. The Shares will be subject to a 12
month hold period which will run from the date on which TSX Venture
Exchange approval is received for the transaction.

TCAM

In conjunction with the agreement with Odyssey, TCAM has agreed to
waive its earn-back rights with respect to the Tavsan Project and to
modify its Net Smelter Returns royalty, in exchange for six licences
held by Galata in the Canakkale area of northwest Turkey, so that:

1. Where the principal metal product is gold/silver, TCAM's
royalty entitlement from the Tavsan Project will be a 1% Net Smelter
Return on the first 100,000 ounces (gold equivalent) of production,
rising to 1.5% Net Smelter Return on the next 100,000 ounces (gold
equivalent) of production and a 2% Net Smelter Return on any
production thereafter; and

2. Where the principal metal product are metals or minerals
other than gold/silver, TCAM's royalty entitlement will be a 2% Net
Smelter Return.

Ariana Resources to buy Tavsan project from Odyssey Resources
AFX


LONDON (Thomson Financial) - Ariana Resources Plc. said it has agreed to buy the Tavsan project in Turkey, comprising 10 licences, from Odyssey Resources Ltd.

'The addition of the Tavsan Project to the company gives us total resources of about 270,000 ounces gold equivalent,' said managing director, Kerim Sener.

21 April 2008
AIM / PLUS Markets: AAU
�
�
JOINT VENTURE FINALISED WITH EUROPEAN GOLDFIELDS,
SUBSCRIPTION AND BOARD APPOINTMENT
�
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce that it has signed definitive documentation governing a
Joint Venture ("JV") with European Goldfields Limited ("European
Goldfields") (TSX / AIM: EGU). �The JV will become effective when
transfer of Ariana's properties, currently in progress, is confirmed
by the General Directorate of Mining Affairs in Turkey. �The JV
involves the development of Ariana's properties in north-eastern
Turkey, which include the Ardala copper-gold porphyry and fifteen
other licences covering a total area of 229km2.�
�
Highlights
�

*�JV to explore and develop Ariana's current properties in the
Greater Pontides region of north-eastern Turkey ("the AOI").

�
*��������� Strategic Partnership within the AOI to define new
opportunities for the JV.
�

*�Right of first opportunity granted to European Goldfields outside
the AOI.

�

*�David Reading, CEO of European Goldfields, to join the Board of
Ariana as a non-executive director.

�

*�European Goldfields to subscribe for 20% of the issued share
capital of Ariana through a �900,000 private placement of shares.

�
Details of Joint Venture
�
The JV is focused on the Greater Pontides region of Turkey, a highly
prospective geological terrain containing several major deposits.�
�
The JV will focus initially on the Ardala copper-gold porphyry
project which has shown encouraging grades of copper and gold in
previous exploration.� It has a 600m x 700m surface exposure centred
on a magnetic high of 1,000m x 1,000m extent.� Copper-gold
mineralisation has also been identified on other properties in the
vicinity of Ardala within granitoids and in the surrounding country
rocks.�
�
European Goldfields will own 51% of the JV company into which Ariana
will transfer the relevant properties. European Goldfields is funding
all development costs of these initial properties and any future
properties located within the AOI until the delivery of the first
Definitive Feasibility Study ("DFS"), at which time European
Goldfields' interest in each relevant project will increase to 80% on
current licences in the JV or 90% on new areas generated by the JV.
�
A period of joint funding after DFS has been agreed, but if at any
time during this period Ariana is diluted to below 5% it will adopt a
1.5% Net Smelter Return ("NSR") on the project in question.� Any
project that falls short of a 0.5Moz Au (or equivalent) threshold,
will be assigned back to Ariana, in which case European Goldfields
will adopt a 1.5% NSR.�
�
Ariana has also granted European Goldfields a right of first
opportunity over projects located in Turkey but outside of the AOI,
on terms that will be independent of the JV agreement.� This right
will not apply within the WAVE Project Area in western Turkey, as
Ariana intends to develop projects within this area independently.�
�
Subject to completion of the JV arrangements, European Goldfields
will subscribe for new shares in Ariana at 5 pence per share in a
private placement for a total cash consideration of approximately
�900,000, resulting in European Goldfields owning 20% of Ariana.� As
part of this subscription, European Goldfields has agreed certain
rights to maintain its interest at the 20% level.�
�
In addition, David John Richard Reading, 52, Chief Executive Officer
of European Goldfields, will be appointed to the Board of Ariana as a
non-executive director, with effect on completion.� There are no
other matters under paragraph (g) of Schedule 2 of the AIM Rules for
Companies to be disclosed.
�
Dr. Kerim Sener, Managing Director, commented:
�
"The start of our Joint Venture and Strategic Partnership with
European Goldfields in Turkey marks a significant milestone in the
development of the Company.� The combination of our in-country
knowledge and skills, with the financial and technical strength of
European Goldfields, is a win-win.� As partners, Ariana and European
Goldfields are ideally matched as we share a common philosophy and
sense of purpose.
�
"We are delighted to welcome David Reading, CEO of European
Goldfields, to the board of Ariana as a non-executive director.� He
brings with him a new layer of operational expertise and corporate
skills that will be invaluable as Ariana develops its projects in
western Turkey.
�
"The acquisition of 20% of the Company by European Goldfields, at a
price premium to market, must be recognised as a sign of great
confidence. �With this funding secured, the next stages of our
progress at Kiziltepe and Tavsan will be marked by an increase in
tempo towards project development."
�
David Reading, Chief Executive Officer of European Goldfields,
commented:
�
"We are delighted to enter into partnership with Ariana and see this
as an exciting and relatively low risk entry into the highly
prospective geological terrains of Eastern Turkey.� Ariana's local
skill and knowledge and its proven track record within Turkey can
allow exploration work to start almost immediately on the current
licence portfolio including the promising Ardala target.� European's
entry into Turkey is part of our focused growth strategy of expanding
into the mineral belts of South East Europe."
�
�
�

smiler

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B085SD50/GBP/PLUS-exn

Thanks Driver :) at last a blue one !!!

30 April 2008
AIM / PLUS Markets: AAU
�
�
REVISED JORC RESOURCE AT KIZILTEPE
�
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce a revision of its resource estimate for the Company's
Kiziltepe gold prospect, at its flagship Sindirgi Project in
Balikesir Province, western Turkey.� The total resource has increased
by almost 20% with two thirds within the Measured Mineral Resource
category.
�
Highlights
�

*�SRK Consulting (UK) Ltd ("SRK") estimates a JORC compliant
mineral resource containing 118,000 oz Au and 2,080,000 oz Ag (~
160,000 oz Au equivalent)

�

*�Measured Mineral Resources comprise two-thirds of the total
resource

�

*�High-grade (7.3 g/t Au equivalent) resource defined on three
veins out of the eight tested to date

�

*�A further resource update on other drilled veins expected in June

�
Dr. Kerim Sener, Managing Director, commented:
�
"We are exceptionally pleased with this resource update for
Kiziltepe.� Not only has the total resource increased by a factor of
almost 20%, but our confidence in the resource estimate has also
increased dramatically.�
�
"We would particularly like to emphasise the significance of the high
level of resource conversion from our 2007 mineral resource estimate
and that the overall grade of the resource remains high:
approximately 7.3 g/t gold equivalent.� Due to our confidence in the
geological model, we expect that the existing Inferred Resources will
be upgraded to Indicated and Measured without too much additional
drilling.�
�
"We remain highly encouraged by the results of our work to date and
we expect that the resource at Kiziltepe can be expanded further.�
More drilling will be undertaken in 2008 to define additional
potential at the prospect with the aim of further increasing the
global resource at the Sindirgi Project.
�
"We look to establish a minimum mineable resource and to rapidly
progress the project towards production to take advantage of the
current gold price."
�
Resource Statement
�
SRK has completed a 3D geological model and mineral resource estimate
in compliance with the JORC code for certain gold-bearing quartz
veins at the Kiziltepe prospect.� Measured and Indicated Resources
contain 500,000 t at 6.2 g/t Au and 102 g/t Ag, and the Inferred
Mineral Resource comprises 180,000 t at 2.9 g/t Au and 76g/t Ag.�
�
SRK commented, "Ariana has completed over 7,360m of drilling and 250m
of channel sampling at Arzu South . and 1,438m of drilling and 96m of
channel sampling at Banu . and has ensured a high quality of sample
preparation and laboratory results, resulting in grade and density
data which can support a JORC compliant resource estimate."
�
Three mineralised structures have been incorporated into the resource
model, namely: Arzu South, Banu and Arzu North.� The majority of the
current resource is located within Arzu South, the central part of
which has been drilled and channel sampled with sufficient density to
support a Measured Mineral Resource.� Parts of the southern and
northern areas of Arzu South are in the Indicated Mineral Resource
category while Arzu North and Banu comprise the Inferred Mineral
Resource.� The figures for Arzu North remain unchanged from last year
as new drilling on this vein has not yet been incorporated in to the
resource model (data is pending).� It is expected that this vein and
potentially two other veins will form part of a further resource
update in June.�
�
SRK has placed a depth limit of approximately 125m to the model, as
most drill intersections are above this level and it is unlikely that
material below this level would be taken by an open pit.� A 2 g/t Au
cut-off grade, established as part of the mining options study being
undertaken by Wardrop Engineering, has been applied to the resource
blocks, which measure 25 x 25m x 10m.� The parts of the model that
are above the cut-off grade are generally continuous and, within
these, higher grade features appear to plunge steeply to the
southeast.�
�

UK smallcap opening - Ariana Resources ticks up on revised resource estimate
AFX


LONDON (Thomson Financial) - Ariana Resources ticked up 1/2 to 5-1/2 pence as the gold explorer and developer revised its resource estimate for the Kiziltepe gold prospect, at its flagship Sindirgi Project in Balikesir Province, western Turkey.

The total resource has increased by almost 20 percent with two thirds within the Measured Mineral Resource category.

12 May 2008
AIM / PLUS Markets: AAU
�
�
JOINT VENTURE COMPLETED WITH EUROPEAN GOLDFIELDS,
SUBSCRIPTION, ISSUE OF EQUITY AND BOARD APPOINTMENT
�
Further to the announcement made on 21 April 2008, Ariana Resources
plc ("Ariana" or "the Company"), the gold exploration and development
company focused on Turkey, is pleased to announce that the Joint
Venture ("JV") with European Goldfields Limited ("European
Goldfields") (TSX / AIM: EGU) has been completed. �The transfer of
Ariana's properties has been confirmed by the General Directorate of
Mining Affairs in Turkey. �
�
Accordingly:
�

*�Under a private placing, 18,571,016 new ordinary shares of 1p
each (the "Shares") have been issued to European Goldfields at a
price of 5p per Share to raise �928,550.80.�

�

*�European Goldfields will hold 20% of the Company's issued share
capital, following the issue of 3,000,000 Shares to Odyssey
Resources Limited, pursuant to the acquisition of the Tavsan
Project.

�

*�David John Richard Reading, 52, Chief Executive of European
Goldfields, will be appointed to the Board of Ariana with
immediate effect.� There are no other matters under paragraph (g)
of Schedule 2 of the AIM Rules for Companies to be disclosed.

�
Application will be made for the Shares, which will rank pari passu
with all existing ordinary shares, to be admitted to trading on AIM.
�
Contacts:
�

Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman �
Kerim Sener, Managing Director �
� �
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish �
� �
Bankside Consultants Tel: 020 7367 8888
Michael Padley / Louise Davis �
� �
Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas �
� �
City Capital Corporation Limited Tel: 020 7842 5867
Charles Dampney �
� �

Editors' note:
�
About Ariana Resources
�
Ariana is an exploration and development company focused on
epithermal gold-silver and porphyry copper-gold deposits in Turkey.�
The Company is exploring a portfolio of prospective licences selected
on the basis of its in-house remote-sensing database.
�
The Company's flagship asset is the Sindirgi Gold Project, which
targets a series of prospects, within a prolific mineralised district
in western Turkey.� The project hosts over 45km of gold-silver
bearing epithermal quartz veins.� This project is presently being
assessed as to its economic merits.�
�
Loeb Aron & Company Ltd. and City Capital Corporation Limited are
joint brokers to the Company and Beaumont Cornish Limited is the
Company's nominated adviser.
�
For further information on Ariana you are invited to visit the
Company's website at
www.arianaresources.com

RNS Number : 2518U
Ariana Resources PLC
13 May 2008


13 May 2008

AIM / PLUS Markets: AAU







Definitive Agreement to Purchase Tavsan Project




Further to the announcement made on 4 April 2008, Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration and development company focused on Turkey, is pleased to announce that it has entered into a definitive agreement relating to the purchase of certain exploration licenses ('Licences') in Turkey, collectively known as the Tavsan Project, from Odyssey Resources Limited (TSX-V: ODX) ('Odyssey').




Completion of the transaction is subject to:




the requisite Turkish regulatory authorities recording Ariana's Turkish subsidiary as the registered owner of a 100 percent interest in the Licences; and




TSX Venture Exchange approval.




As consideration for the transfer of the Licences, Ariana will pay Odyssey:




(a) an initial payment of US$250,000 in cash to be held in escrow until the TSX Venture Exchange provides approval of the transaction; and




(b) a further payment of US$250,000 in cash and 3,000,000 ordinary shares in the capital of Ariana (the 'Shares') at an issue price of 5p per Share.




The cash and Shares relating to these latter payments will be paid at Closing and held in escrow until the transfers of the Licences are accepted by the Turkish General Directorate of Mining Affairs. Closing is expected to occur on or before May 30, 2008. The Shares will be subject to a 12 month hold period which will run from the date on which TSX Venture Exchange approval is received for the transaction.

22 May 2008
AIM / PLUS Markets: AAU

APPOINTMENT OF JOINT BROKER

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce the appointment of Alexander David Securities Limited
("Alexander David") to act as the Company's Joint Broker with
immediate effect. Alexander David will work as Joint Broker with our
existing brokers.

RNS Number : 4567X
Ariana Resources PLC
25 June 2008




25 June 2008

AIM / PLUS Markets: AAU




TAVSAN PROJECT PURCHASE COMPLETED




Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration and development company focused on Turkey, announces that it has closed on its previously announced (May 13, 2008) Definitive Agreement relating to the purchase, by a subsidiary of Ariana, of certain exploration licenses ('Licenses') collectively known as the Tavsan Project, from a subsidiary of Odyssey Resources Limited.




All conditions for closing have now been met, including TSX Venture Exchange approval for Odyssey Resources to enter the transaction.




Consideration for the transfer of the Licenses includes:




(a) an initial payment of US$250,000 in cash;




(b) a further payment of US$250,000 in cash;




(c) 3,000,000 ordinary shares in the capital of Ariana (the 'Shares') at an issue price of 5 British pence per Share.




The cash and Shares relating to payments (b) and (c) will be held in escrow until the transfers of the Licenses to Galata Madencilik San. ve Tic. Ltd. are recorded by the Turkish General Directorate of Mining Affairs. The Shares will be subject to a 12 month hold period which will run from the date on which TSX Venture Exchange approval was received for the transaction.

Ariana Resources says to begin drilling programme at Kiziltepe in August
AFX


LONDON (Thomson Financial) - Ariana Resources Plc., the Turkey-focused gold exploration and development company, said it expects to start its 2008 drilling programme on the Kiziltepe prospect, and in the wider Sindirgi project area, in August.

The programme is designed to further test previously drilled veins and to explore veins that remain un-drilled elsewhere at the projects, the company said.

Ariana's local subsidiary recently took delivery of its first in-house diamond drilling rig.

Managing Director Kerim Sener said: 'The addition of our own drilling team has greatly enhanced the flexibility of the company to drill on demand at any time of the year.'

31 July 2008
AIM / PLUS Markets: AAU


JORC RESOURCES INCREASED AT KIZILTEPE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce a further increase to its resource estimate for the
Company's Kiziltepe gold prospect, at its flagship Sindirgi Project
in Balikesir Province, western Turkey. The total resource has
increased to approximately 186,000 ounces of gold equivalent.

Highlights


* SRK Consulting (UK) Ltd ("SRK") estimates a JORC compliant
mineral resource containing Measured and Indicated Mineral
Resources of 104,000 oz (Au) and 1,700,000 oz Ag (138,000 oz Au
equivalent) and an Inferred Mineral Resource of 34,000 oz Au and
725,000 oz Ag (48,000 oz Au equivalent)



* Measured and Indicated Mineral Resources comprise approximately
75% of the total metal resource



* Global resource now 950,000 tonnes at an average gold equivalent
grade of 6.1 g/t, representing a 40% increase in tonnage over the
previous resource estimate



* Additional drilling planned to add further near surface resources
to the inventory


Dr. Kerim Sener, Managing Director, commented:

"This additional resource update for Kiziltepe was prepared during
and following a visit to site last week by our consultants SRK. The
estimate is based on all of our drilling up to March 2008 and
utilises certain findings from the mining options study undertaken by
Wardrop Engineering.

"The available drilling data for Arzu South has been remodelled to
determine the broader exploration potential of the vein system at
depth and to further refine our understanding of the structural
controls on mineralisation. We are particularly encouraged to note
that the model generated identifies several steeply plunging shoots
of higher grade mineralisation which have not been adequately tested
by drilling.

"We are now planning for focused exploration over certain areas
within the Kiziltepe prospect in the expectation that our resource
can be increased even further. Drilling at Kiziltepe will recommence
in August using our in-house drilling team on veins that have not
been drill-tested to date. We remain committed to outlining a
commercially feasible resource."

Resource Statement

SRK has completed a 3D geological model and mineral resource estimate
in compliance with the JORC code for several gold-bearing quartz
veins at the Kiziltepe prospect. SRK commented, "Ariana.has ensured
a high quality of sample preparation and laboratory results,
resulting in grade and density data which can support a JORC
compliant resource estimate."

Four mineralised structures have been incorporated into the resource
model, namely: Arzu South, Arzu North, Banu and Derya (previously
known as Vein 4). The majority of the current resource is located
within Arzu South, the central part of which has been drilled and
channel sampled with sufficient density to support a Measured Mineral
Resource. Parts of the southern and northern areas of Arzu South and
the southern portion of Arzu North are in the Indicated Mineral
Resource category. The remaining part of Arzu North and all of Banu
and Derya comprise the Inferred Mineral Resource.

SRK has placed a depth limit of approximately 125m to the resource
model, as most drill intersections are above this level and it is
clear that material below this level would not be extracted by open
pit mining. This depth coincides with the maximum depth of a Whittle
optimised pit-shell, used for the purposes of the Wardrop Engineering
mining options study. The pit-shell is illustrated in Figure 1. A
cut-off grade of 2 g/t Au was established from the economic model
derived from this pit-shell and the resource blocks measure 25m x 25m
x 10m.

SRK Mineral Resource Statement


Classification Vein Tonnage Grade Metal *
(Kt) (Au g/t) (Ag g/t) (kg Au) (kg Ag)

Measured Arzu South 390 6.4 101 2,500 39,000

Indicated Arzu South 110 5.7 106 600 12,000
Indicated Arzu North 50 2.3 38 110 1,800

Inferred Arzu North 100 2.2 29 200 2,900
Inferred Banu 130 2.6 82 330 10,500
Inferred Derya 170 2.9 53 500 9,000


* Equivalent to 186,360 oz gold equivalent. The gold equivalent is
calculated on the basis of a 50:1 price ratio between gold and silver
(this price ratio fluctuates and is dependent on market conditions).

SRK considers there to be relatively good exploration potential in
the wider Kiziltepe project area. Several new targets will be the
focus of additional drilling in the near future (Figure 2). An
extensive resistivity / conductivity geophysics survey is also
planned across the project area to help resolve several possible
blind targets prior to drill-testing, in particular the 650m long
area between Arzu South and Arzu North. The exceptionally high
conversion of Inferred Mineral Resources to Indicated and Measured
Mineral Resources at Arzu South demonstrates the robust nature of the
geological model applied and provides greater confidence in the
selection of veins for follow-up drilling in 2008 and 2009.


Leapfrog Model

In addition to the resource estimate, SRK has applied 'Leapfrog'
grade shell visualisation software to the Arzu South drilling
database to identify the potential continuity of mineralisation below
the current open-pit model and to provide follow-up exploration
targets. The Leapfrog model has further reinforced geological
understanding of the vein system and the view that there is a
consistent southeast plunge component to most of the high-grade
shoots within the vein segments (Figure 3). In the southern part of
the vein system it is also apparent that the high-grade shoots may
step-out and continue beyond the southeastern-most drilling on the
Arzu South vein system, where mineralised structures were intersected
but with diminishing grade and width. The concentration of
high-grade mineralisation in the southern portion of the Arzu South
vein system highlights the significance of this area for potential
further resource growth.

Please see the link at the end of this announcement for Figures 1, 2
and 3.

Contacts:


Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director

Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish

Lothbury Financial Tel: 020 7011 9411
Michael Padley / Louise Davis

Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas

City Capital Corporation Limited Tel: 020 7842 5867
Charles Dampney

Alexander David Securities Limited Tel: 020 7448 9800
Nick Bealer / David Scott


About the Kiziltepe prospect

The Kiziltepe prospect is located within a ten-year renewable
operating licence that forms part of the Company's 100% owned
Sindirgi gold project in Balikesir Province, western Turkey.

Kiziltepe lies approximately 100km east of the one million ounce
vein-hosted Ovacik gold mine and 115km northwest of the five million
ounce Kisladag gold mine. The prospect hosts over 20km in strike
length of gold-silver bearing low-sulphidation epithermal quartz
veins across an area of at least 3km by 1km. Individual veins are
exposed for up to 750m and widths vary between 1m and 14m. The main
veins trend northwest, dip to the northeast and are hosted within
Miocene age dacitic volcanic rocks.

Ariana acquired the Sindirgi Gold Project from Newmont Mining
Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Franco-Nevada
Corporation retains the right to a royalty of up to 2.5% on future
gold production from the Sindirgi gold project.

Ahead of commencing the drilling programme, Ariana obtained all
necessary environmental and forestry approvals from the provincial
government in Balikesir and the State Government in Ankara.

Sampling and Assaying Procedures

Ariana's sampling of drill core, reverse circulation chips and
surface samples conforms to industry best-practice. Laboratory
sample preparation, assaying procedures and chain of custody are
appropriately controlled. Preparation of samples is undertaken by
ALS Chemex in Izmir and assayed for gold by 30g fire assay at the ALS
Chemex laboratory in Romania. Routine re-assaying of samples
assaying greater than 10 g/t Au and 100 g/t Ag has also been
completed by ALS Chemex. Standard, blank and duplicate samples are
being used in the sample batches in line with the Company's quality
control procedures. Quality control checks have determined excellent
performance of blanks and standards, and duplicate samples have shown
very high correlations. The Company maintains an archive of half
core samples and a photographic record of all cores for future
reference.

Statement of Qualification

Martin Pittuck, MIOM3, C.Eng, a Principal Resource Geologist at SRK
with over 10 years experience in Mineral Resource estimation for gold
deposits, has overseen the preparation of this estimate. He is
considered to be a competent person for the purposes of reporting
Mineral Resources in accordance with the terminology and guidelines
given in the JORC Code.

About Ariana Resources

Ariana is an exploration and development company focused on
epithermal gold-silver and porphyry copper-gold deposits in Turkey.
The Company is exploring a portfolio of prospective licences selected
on the basis of its in-house remote-sensing database.

The Company's flagship asset is the Sindirgi Gold Project, which
targets a series of prospects, within a prolific mineralised district
in western Turkey. The project hosts over 45km of gold-silver
bearing epithermal quartz veins. This project is presently being
assessed as to its economic merits.

Loeb Aron & Company Ltd., City Capital Corporation Limited and
Alexander David Securities Limited are joint brokers to the Company
and Beaumont Cornish Limited is the Company's Nominated Adviser.

For further information on Ariana you are invited to visit the
Company's website at
www.arianaresources.com
.

12 August 2008
AIM / PLUS Markets: AAU
ARIANA RESOURCES plc

HALF-YEARLY REPORT FOR SIX MONTHS TO 30 JUNE 2008

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, announces its unaudited
half-yearly results for the six months ended 30 June 2008.

Highlights:

* Joint Venture initiated with European Goldfields Limited


* David Reading, CEO of European Goldfields, joins the Board



* 326,000 oz Au equivalent in JORC resources



* In-house drilling team established


Dr. Kerim Sener, Managing Director, commented:

"It has been another six months of solid progress for the Company.
Our efforts have resulted in a JORC resource of over 326,000 oz gold
equivalent and it is clear that the potential to delineate more
ounces continues to improve. In north-eastern Turkey the JV team is
actively exploring a highly prospective area for which we have high
hopes.

"We have exceeded our initial resource target at the Kiziltepe
prospect, with over 186,000 oz Au equivalent defined to date. We
expect that further exploration on this prospect and others in the
Sindirgi Project over the coming year will identify additional
near-surface resources that support the establishment of an open-pit
operation. The Company is evaluating its options for the commercial
development of the project and has entered discussions with a third
party regarding a potential off-take agreement.

"The newly acquired 140,000 oz Tavsan project will be evaluated over
the coming months in order to develop the project as a stand-alone
heap-leach operation. The first stages of this work, including a
revised resource estimate, metallurgical testwork and environmental
permitting are underway."


CHAIRMAN'S STATEMENT

Despite an uncertain and somewhat turbulent market, the Company has
developed significantly in the last six months and has continued to
deliver on its objectives. Through its focused resource development
strategy in western Turkey, it has established over 326,000 oz in
JORC resources at its flagship projects: Kiziltepe and Tavsan.
Elsewhere, our generative exploration programmes resulted in the
Joint Venture of our exploration portfolio in north-eastern Turkey
with European Goldfields Limited, a partner with an exploration and
development philosophy closely matching ours.

Kiziltepe

Exploration at the Kiziltepe prospect has focused on the Arzu South,
Arzu North, Banu and Derya veins, upon which SRK (UK) Limited has
recently prepared a JORC compliant mineral resource estimate of over
186,000 ounces gold equivalent based on a cut-off grade of 2 g/t Au.
The overall resource at Kiziltepe is now 950,000 tonnes at an average
grade of 6.1 g/t of gold equivalent, of which 500,000 tonnes is
potentially open-pittable on the Arzu South vein alone.

A geophysical survey is due to commence on the prospect this August.
This survey has been designed to test the entire 3 x 1km vein field
along several 200m spaced survey lines. Earlier in the year a trial
survey over the Arzu South vein provided results that could be
interpreted with ease and precision. We envisage that the expansion
of the programme across the whole prospect will yield several new
drill targets in what is proving to be a more consistently
mineralised vein field than previously realised.

In parallel with our exploration objectives for the prospect,
economic studies are underway to further evaluate certain development
scenarios that were initially examined in the mining options study
undertaken by Wardrop Engineering. Discussions are also in progress
with a third-party for a potential off-take agreement, which could
fast-track the project to production, albeit at a lower production
rate than for a stand-alone operation.

Tavsan

The purchase of the Tavsan project was closed with Odyssey Resources
in June for a total consideration of US$500,000 in cash and 3,000,000
ordinary shares in Ariana at 5p per share, valuing the resources in
the ground at about US$6 per ounce. The project adds much value to
the Company and, we believe, has the potential to be developed as a
small heap-leach operation capable of producing 20,000 ounces of gold
per year over seven years or more in the medium term.

Existing project data are being integrated into a comprehensive new
geological model, which will be utilised to create a revised resource
estimate. Further metallurgical testwork on the ore is also
underway. Meanwhile, a resource drilling programme concentrating on
the areas that were not included in the original 43-101 compliant
resource is being planned, along with associated environmental
permitting. It is expected that this work will feed in to a scoping
study later in the year.

Joint Venture

Our Joint Venture with European Goldfields Limited in the Black Sea
region of north-eastern Turkey was initiated in May and the JV team
has been actively exploring since June. The JV builds upon previous
generative exploration in the region and is focused initially on the
Ardala copper-gold porphyry project. We are encouraged to note that
a pipeline of new targets is already being generated from this
exploration.

European Goldfields is funding the exploration and development of the
JV licences to a definitive feasibility study. In parallel with the
JV agreement, European Goldfields subscribed for 20% of the equity in
Ariana and we are pleased to welcome their CEO, David Reading, to the
Ariana board as a non-executive director.

We consider Ariana and European Goldfields to represent a powerful
combination of talents and believe that this JV represents an
important milestone in the development of the Company.

Outlook

Through its rapidly expanding resource base, its strategic focus on
defining potentially mineable resources and its ability to develop
innovative deals, the outlook for Ariana remains very positive. The
recent establishment of our in-house drilling team is an example of
our commitment and provides the Company with the tools to test our
growing pipeline of exploration targets in a highly cost-effective
manner.

The objective of the company remains to establish economic resources
in the WAVE Project Area, notably at Kiziltepe and Tavsan, and then
to develop these resources, either on our own or in partnership, in
the shortest timeframe possible. We look forward confidently to
several further positive developments during the remainder of the
year.

u own this then smiler i have about 98k shares.

I have a small Interest I think in a year or so could see some Profit ! I also have Fogl

19 August 2008
AIM / PLUS Markets: AAU

LICENCE ACQUISTIONS AND TRANSFERS UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, announces that
it has acquired new exploration ground in the vicinity of its main
projects and that licence transfers are complete on six core licences
for the Tavsan project.

Highlights:

- Nine new licences acquired in western Turkey

- Six licences transferred for the Tavsan project

- Total ground-holding at approximately 1050 km2, excluding JV
licences in eastern Turkey

Dr. Kerim Sener, Managing Director, commented:

"The acquisition of new ground helps us to build our exploration
portfolio within the WAVE project area, in which we are expecting to
delineate a resource of 1 million ounces of gold in the coming
years. The completion of the first phase of licence transfers for
the Tavsan project allows the Company to begin formal work on the
project, with the aim of demonstrating its evident resource
potential.

"Following our recent dealings on the Tavsan project, our licence
portfolio in western Turkey is now even more focused on the WAVE
project area, which enables an ease of logistics and better use of
our human and financial resources. The Company holds some of the
best exploration properties in western Turkey and we look forward to
developing our licence portfolio and target stream yet further."

New acquisitions

Nine new exploration licences have been acquired in western Turkey in
regions surrounding our main project development areas. These
licences build on the strategic ground holdings around our principal
projects and offer the opportunity to define new exploration targets
for drill-testing.

Tavsan transfers

Five operating and one exploration licence within the package of ten
licences purchased from Odyssey Resources have been transferred to
Galata Madencilik San. ve Tic. Ltd., Ariana's local subsidiary. The
licences transferred include several priority licences, which contain
the existing 43-101 resource established by Odyssey Resources. The
remaining four licences are pending transfer.

27 August 2008
AIM / PLUS Markets: AAU

METALLURGICAL RESULTS: TAVSAN

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce that the results of metallurgical testwork conducted on
material from the Tavsan Gold Prospect demonstrate that the ore
performs very well under heap-leach conditions. These data will be
used as part of a broader scoping study scheduled for later this
year.

Highlights:

* Mineralisation is amenable to the heap-leach processing option

* Bottle-roll tests yielded gold extraction levels of up to 88%

* Column-leach testwork yielded gold extraction levels of up to 80%

Dr. Kerim Sener, Managing Director, commented:

"The results of these initial and follow-up metallurgical results are
very encouraging and point toward the amenability of the ore to the
heap-leach method of processing. We are now evaluating strategies
for the development of the deposit within the shortest possible
timeframe.

"Preparations are underway for further resource definition drilling
to expand the original resource estimate of some 140,000 ounces. Our
aim is to increase and refine the resource to a potentially economic
minimum threshold."

Contacts:

Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director

Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish



Testwork Summary

Metallurgical testwork was undertaken on two composite samples of
mineralised material sent to the SGS Lakefield laboratory in Canada.
The purpose of the testwork was to determine, via several simulation
tests, the amenability of the Tavsan 'ore' to heap-leach processing,
which is commonly the only metallurgical route acceptable for
low-grade gold deposits.

The samples selected for testwork were collected from drill-chippings
from the Main Zone of the Tavsan prospect and represent high- and
average-grade mineralisation types (Table 1). The gold grades of
these two composite samples are within the range of grades determined
by the 43-101 compliant mineral resource estimate announced by the
previous operator. Both samples showed very low total sulphide in
the range of 0.06-0.10% S and low base metal concentrations. The
high-grade composite sample contained 1.10% Sb, due to the occurrence
of visible stibnite and stibiconite in parts of the deposit. In
contrast, the average grade composite contained 0.09% Sb.

Coarse bottle-roll tests at minus � inch and minus 10 mesh particle
size were performed to determine the amenability of the samples to
heap-leaching (Table 1). The simulation tests at minus � inch mesh
resulted in gold recoveries of 75% to 88% and silver recoveries of up
to 28% to 37% over a period of 14 days. The gold content of the
residues from tests conducted on the minus � inch mesh material
ranged from 0.17 g/t Au to 1.07 g/t Au for the average- and
high-grade samples respectively. The recovery of gold from the minus
10 mesh material was not dissimilar to that at minus � inch mesh and
hence the coarser minus � inch material was chosen for the
column-leach testwork.

Column-leach tests at minus � inch were performed to provide a better
proxy for the heap-leach processing route (Table 1). The tests
resulted in gold recoveries of 67% to 80% and silver recoveries of up
to 22% to 26% over a period of 77 days. The gold content of the
residues ranged from 0.26 g/t Au to 1.33 g/t Au for the average- and
high-grade samples respectively. The relatively low silver
recoveries are not considered problematic as the silver grades in the
resource are low and add little value to the deposit. The average
grade ore, approximately 1.3 g/t Au, responds most efficiently to the
heap-leach processing method possibly due to the lower antimony
content of this material. The consumption of reagents in solution
was moderate.

SGS Lakefield concluded:

"These ores responded well to the column simulated heap-leaching
process."

Table 1: Summary of results of the metallurgical testwork on Tavsan
mineralisation.


+--------------------------------------------------------------------------------------------+
| | Heap-leach | Heap-leach | Column-leach |
| | Simulation1 | Simulation2 | Testwork3 |
|--------------------------+---------------------+---------------------+---------------------|
| | Gold | Silver | Au | Ag | Au | Ag | Au | Ag |
| Sample | (g/t) | (g/t) | Recovery | Recovery | Recovery | Recovery | Recovery | Recovery |
| | | | (%) | (%) | (%) | (%) | (%) | (%) |
|---------+-------+--------+----------+----------+----------+----------+----------+----------|
| Average | 1.29 | 4.70 | 83.8 | 39.0 | 87.7 | 37.0 | 79.5 | 25.9 |
| Grade | | | | | | | | |
|---------+-------+--------+----------+----------+----------+----------+----------+----------|
| High | 4.02 | 3.90 | 78.5 | 36.2 | 75.1 | 27.8 | 67.4 | 21.5 |
| Grade | | | | | | | | |
+--------------------------------------------------------------------------------------------+


1) Heap-leach simulation (coarse bottle-roll tests) on minus 10 mesh
material over 14 days.
2) Heap-leach simulation (coarse bottle-roll tests) on minus � inch
mesh material over 14 days.
3) Column-leach testwork results for minus � inch mesh material over
77 days.


Editors' note:

Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of
Ariana Resources plc. A graduate of the University of Southampton in
Geology, he also holds a Master's degree from the Royal School of
Mines (Imperial College, London) in Mineral Exploration and a
doctorate from the University of Western Australia. He is a Fellow
of The Geological Society of London and has worked in geological
research and mineral consultancy in Southern Africa and Australia.
He has read and approved the technical disclosure in this regulatory
announcement.

About Ariana Resources

Ariana is an exploration and development company focused on
epithermal gold-silver and porphyry copper-gold deposits in Turkey.
The Company is exploring a portfolio of prospective licences selected
on the basis of its in-house geological and remote-sensing database,
on its own in western Turkey and in Joint Venture with European
Goldfields Limited in north-eastern Turkey.

The Company's flagship assets are its Sindirgi and Tavsan gold
projects. Both projects contain a series of prospects, within two
prolific mineralised districts in the Western Anatolian Volcanic and
Extensional (WAVE) Province in western Turkey. This Province hosts
the largest operating gold mines in Turkey and remains highly
prospective for new porphyry and epithermal deposits. These core
projects, which are separated by a distance of 75km, are presently
being assessed as to their economic merits.

Loeb Aron & Company Ltd. and Alexander David Securities Limited are
joint brokers to the Company and Beaumont Cornish Limited is the
Company's Nominated Adviser.

For further information on Ariana you are invited to visit the
Company's website at
www.arianaresources.com

17 September 2008
AIM / PLUS Markets: AAU

ARIANA RESOURCES plc

GEOPHYSICAL RESULTS: KIZILTEPE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce the results of a geophysical programme conducted on the
Kiziltepe Gold Prospect. The programme has been successful in
defining several new exploration targets and has identified a number
of probable vein systems that are not exposed at surface.

Highlights:


* Several high-resistivity anomalies (potential vein systems)
identified at depth or beneath cover

* Large high-chargeability anomaly (potential disseminated sulphide
mineralisation) identified in the southwest part of the prospect

* Geophysical data to aid in the design of a new drilling programme


Dr. Kerim Sener, Managing Director, commented:

"The results of this geophysical programme, which was carried out
following an earlier successful trial on the Arzu vein, have
highlighted even further potential upside on the Kiziltepe prospect.
Although their presence was long suspected, there is now clear
physical evidence of likely buried vein systems at the prospect. The
20km of veins we have identified at surface now appear to be part of
a broader interlinked system of structures at depth.

"We are very excited by these results and are convinced that further
exploration, in particular drilling, will yield further discoveries.
We are entering a new phase of exploration at Kiziltepe and our scope
for identifying further resources has increased substantially."

Geophysical Programme

The geophysical programme described here was undertaken over a 2km2
area covering the main Kiziltepe vein field and included all of the
veins contained by the existing resource estimate. The programme
follows the successful trial, earlier in the year, of the geophysical
method over the Arzu South vein.

Data was collected from nine northeast-southwest oriented Induced
Polarisation (IP) / resistivity profiles, which were spaced 175-240m
apart and designed to coincide directly with existing geochemical
data lines (total length surveyed is approx. 11km). A pole-dipole
array was used with a 30m electrode spacing, using a Scintrex TSQ-3
transmitter and a IPR-12 receiver operating in the time domain.

Several high chargeability and high resistivity anomalies were
identified in the two-dimensional inversion models, which are
interpreted to coincide with zones containing vein systems and their
related alteration. Zones with resistivities greater than 300 Ohm.m
and chargeabilities greater than 15mV/V were identified as explicit
anomalies, while 100-300 Ohm.m and 10-15 mV/V ranges were identified
as possible anomalies.

In plan, the distribution of both high resistivity and chargeability
anomalies is broadly coincident across two distinct regions; one in
the Arzu North to Arzu South area, in the northeast, and the other in
the Banu and Vein 7 area in the southwest. In detail, several linear
resistivity anomalies are identifiable in plan which do not coincide
with known veins and may represent new vein systems at depth.

The anomalies in the Arzu South to Arzu North area are interesting
because they identify a steeply dipping structure (interpreted to
represent the Arzu vein system) and a new moderately dipping
structure beneath ignimbrite cover (Figure 1). Both steeply and
moderately dipping anomalies show typical resistivities in the range
of 300-700 Ohm.m. The moderately dipping feature is a high-priority
drilling target as it may represent a different style of vein-type
mineralisation controlled by stratigraphy.

The anomalies in the Banu and Vein 7 area identify several parallel
resistivity features, not all of which correspond to known veins, and
the chargeability anomaly is consistently wide and unbroken across
the profiles and in the range of 15-30 mV/V (Figure 1). The latter
feature suggests an abundance of disseminated sulphide
mineralisation, which is atypical of the known mineralisation at the
Kiziltepe prospect, and is more typical of porphyry alteration
systems. The feature is an obvious drilling target.

Further interpretation of the geophysical data in parallel with
geological and geochemical datasets will be undertaken prior to
planning a new drilling programme. Expert advice may be sought
during the interpretation of this data to ensure the programme
designed is robust. The current drilling programme has been put on
hold until this new interpretation is completed.


Please see the link at the end of this announcement for figure 1
showing an inverse model resistivity (top) and chargeability (bottom)
profiles on Line 7 viewed looking to the southeast. The left-hand
side of the sections correspond to the continuation of the Arzu
structure beneath ignimbrite cover and identify a moderately dipping
anomaly at a depth of 50-100m below surface. The high chargeability
anomaly containing several steeply dipping resistivity features on
the right-hand side is an obvious drilling target.

1 October 2008
AIM / PLUS Markets: AAU

INITIAL JORC RESOURCE AT TAVSAN

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce its initial JORC resource estimate on the Company's Tavsan
gold prospect in K�tahya Province, western Turkey. The total
resource is now approximately 215,000 ounces of gold equivalent.
There is potential to expand the resource significantly and
additional drilling is scheduled.

Highlights


* SRK Consulting (UK) Ltd ("SRK") estimates a JORC compliant
Indicated Mineral Resource of 87,000 oz gold and an Inferred
Mineral Resource of 117,000 oz gold



* Global resource is 4,900,000 tonnes at an average gold equivalent
grade of 1.36 g/t: resource expected to be economically viable



* Additional drilling planned to add further resources to the
inventory



* Preparations underway for a scoping study on a 30,000 ounce p.a.
heap-leach operation


Dr. Kerim Sener, Managing Director, commented:

"This initial JORC resource for the Tavsan prospect is very
encouraging and demonstrates the potential of this project to grow
further. This resource statement, coupled with the good metallurgy,
confirms our expectation that Tavsan can be developed as a 1,000,000
tonne per annum heap-leach operation in the medium term.

"We are now planning a programme of drilling to further expand the
resource. There are large parts of the prospect that remain
un-drilled, yet there is clear potential for further resource
upside. We are committed to defining a commercially viable resource
at this location."

Resource Statement

SRK has completed a 3D geological model and mineral resource estimate
in compliance with the JORC code for the Main, Sivri and Satellite
zones of gold-bearing jasperoid at the Tavsan prospect. This
resource model has been developed from the original 43-101 compliant
resource of approximately 140,000 oz Au equivalent. The new JORC
resource reported on here is considered by SRK to be potentially
economically mineable.

Classification of the resource model is based on geological and grade
continuity, drill-hole spacing, in addition to the distance of
samples to blocks during interpolation. The majority of the current
resource is located within Main Zone, the north-eastern part of which
has been drilled with sufficient density to support an Indicated
Mineral Resource. Remaining parts of the Main Zone and the nearby
Sivri and Satellite zones are in the Inferred Mineral Resource
category.

SRK has placed a depth limit of approximately 30m and 50m for the
resource models on the Main/Sivri and Satellite zones respectively,
as most drill intersections are above this level and it is clear that
material below this level would not be extracted by open pit mining.
A historical cut-off grade of 0.7 g/t Au was applied, which reflects
the relatively flat lying nature of the mineralisation, and therefore
low stripping ratio, and the amenability of gold recovery by low cost
heap-leaching. Resource blocks measure 20m x 20m x 5m for the Main
and Sivri Zones and 50m x 50m x 15m for the Satellite Zone.

SRK Mineral Resource Statement


Classification Zone Tonnage Grade Metal *
(Ag
(Kt) (Au g/t) g/t) (oz Au) (oz Ag)

Indicated Main 1,700 1.6 4.2 87,000 229,000

Inferred Main & Sivri 1,300 1.0 3.6 42,000 153,000
Inferred Satellite 1,900 1.2 3.7 75,000 227,000

Indicated Total 1,700 1.6 4.2 87,000 229,000
Inferred Total 3,200 1.1 3.7 117,000 380,000


* Total metal equal to 214,694 oz gold equivalent. The gold
equivalent is calculated on the basis of a 50:1 price ratio between
gold and silver (this price ratio fluctuates and is dependent on
market conditions).

SRK has recommended additional drilling on the Main and Satellite
Zones and considers there to be good potential to upgrade the
Inferred Mineral Resources to Indicated Mineral Resources. Further
drilling in the Satellite Zone is expected to improve the
understanding of the morphology of the deposit, which should assist
with the delineation of additional Mineral Resources.

25 November 2008
AIM / PLUS Markets: AAU



PERMITTING AT KIZILTEPE COMPLETED



Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company

focused on Turkey, is pleased to announce the receipt of its final
operational permits

for the Kiziltepe prospect, in Balikesir Province, western Turkey.



Dr. Kerim Sener, Managing Director, commented:



"The receipt of our final permits at Kiziltepe represents a
significant milestone in the

development of the project. These permits provide us with the
freedom to plan

effectively for additional trial mining at this location, and will
allow us to scale up operations quickly.



"We are in discussions with several parties on the future development
of the Kiziltepe

project. The Company is aiming to define the most value-added route
for the project in

the short to medium term."



Permit Status



The Kiziltepe project is now fully permitted for formal mining
operations to commence.

The permits currently held at the project include:



* Mining Permit: This permit provides permission to mine and covers
the entire Kiziltepe vein field.
* Environmental Permit: This ensures the project meets certain
environmental requirements and covers the Arzu South, Arzu North
and Banu veins.
* Forestry Permits: These are required only in forested parts of
the project area for which access was sought primarily for
drilling purposes. A larger forestry permit covers the Arzu
North vein in which trial mining has already commenced.
* Health and Safety Permit: This ensures the Company complies with
certain health and safety regulations, and the permit covers the
entire project area.
* Blasting Permit: This provides permission to use explosives
during mining. This covers the entire project area but in
practice is currently limited to an area on the Arzu South vein.



The Company has also secured certain surface rights which were
announced on 18 July 2007.



Mining Status



The Company now holds a stockpile of approximately 2,000 tonnes of
ore from the

Arzu North vein which was mined in accordance with Turkish mining law
by mechanical

methods prior to receipt of the blasting permit. Approximately 25
tonnes of this ore was

sent for trial processing at a treatment facility elsewhere in
Turkey, from which very

good recoveries of between 82.3% and 89.7% gold were achieved. The
Company is

presently preparing a mining plan to extract 5,000 tonnes of ore from
the Arzu South

vein by mechanical methods, assisted by blasting where appropriate.
The intention is

that this ore will be utilised for further trial processing in due
course.

Hi Smiler, still holding some of these, top sliced them well over two years ago so hold at no risk. Despite the good news, no trades today?

Aye, money is tight + Nr crimbo !! still one to watch ; )

Anybody using this site still follow AAU - any thoughts on their prospects - looks interesting with possible offtake and EGU backing it still?

5 March 2009
AIM / PLUS Markets: AAU

TRIAL PRODUCTION FROM KIZILTEPE COMMENCES

Ariana Resources plc ("the Company"), the gold exploration and
development company focused on Turkey, is pleased to announce the
completion of an agreement with Eti G�m�s AS. ("Eti") to process ore
from the Company's Kiziltepe deposit on a trial basis. Ariana will
receive, through its operating subsidiary, Galata Madencilik San. ve
Tic. Ltd. ("Galata"), an up-front signing fee from Eti of US$ 10,000
which will be deducted from proceeds once the first 1,000 tonnes of
ore has been processed.

The initial agreement with Eti entails a large-scale (5,000 tonnes)
process trial of Kiziltepe ore using the G�m�sk�y processing plant,
owned by Eti and located in K�tahya Province in western Turkey.
Ahead of the agreement detailed below, the Company undertook a
smaller test-run of some 25 tonnes of ore through this plant, from
which very good recoveries of between 82.3% and 89.7% gold were
achieved.

Dr. Kerim Sener, Managing Director, commented:

"This event marks the dawn of a new era for Ariana Resources. We
have successfully made the transition from explorer to a committed
developer of gold resources in Turkey. In partnership with Eti
G�m�s, we have now followed through with our resolve to see the
resource at Kiziltepe mined.

"This achievement represents the natural evolution of our long-term
strategy and takes us one step closer to our aim of becoming a
significant gold producer in Turkey. This success also highlights
the determination of our management team to maximise the value of our
resources, despite the difficult conditions faced by all junior
companies.

"We are particularly proud of the solidarity and effort our team has
shown to bring about this achievement. It is through their sense of
purpose and commitment, and indeed that of our loyal shareholders,
that we have achieved this milestone. We thank and congratulate
them. We also look forward to working with our partners, Eti G�m�s,
to make this trial a success, for both companies."

Details of Trial

Ariana will be responsible for mining and trucking the ore to the
G�m�sk�y plant, 130km to the east of Kiziltepe. All permits and
rights have been secured for mining operations to commence, and an
initial pit-design/mining plan has been completed jointly by the
company's Mining Engineer and Project Manager; individuals with
extensive mine operational backgrounds in Turkey.

Within one month, the Company expects to extract 5,000 tonnes of ore
from the Arzu South vein of the Kiziltepe deposit. Ore will be
stocked and sampled at Kiziltepe in the first instance. Following
receipt of grade control data, any ore over 4.5 g/t Au will be
transported by road to the G�m�sk�y plant for processing. Eti will
review mining progress at Kiziltepe on a periodic basis.

Formal quotes have been received by Galata for drilling, blasting,
general mining operations and transportation. Following completion
of the agreement, contracts for mining and transportation will be
finalised with the relevant contractors, and mining operations are
expected to commence within 15 days. The initial pit will be
approximately 100m long and optimised for the recovery of high-grade
ore.

Over a period of 45 days after receiving the first batch of ore from
Kiziltepe, Eti will be responsible for processing the ore and all
analytical costs associated with process grade control. Galata will
undertake periodic quality control of Eti process analytical results
by supplying control samples to their laboratory.

Eti will feed the Kiziltepe gold-silver ore in to their plant at a
measured rate, along with silver ore from their G�m�sk�y mine; any
gold recovered will be attributable to Kiziltepe. Ariana will review
progress at G�m�sk�y on a periodic basis while the processing is
underway and will send to site a metallurgist to review Eti process
data and controls.

Gold produced from the operation will be divided on a 50-50 basis
between the parties. Expected recovery of gold will be 85%, in line
with the earlier test results detailed above. Silver recoveries will
be considerably lower, as the silver grade of ore supplied to Eti is
considered marginal for processing and, in any case, the Company has
agreed that any silver obtained from the plant will be retained by
Eti. Gold retained by Ariana will be refined at the Istanbul Gold
Refinery or a suitable alternative.

If this trial operation is deemed successful by both parties, Galata
and Eti have determined to discuss a processing arrangement which
would be governed by a new agreement.

29 June 2009
AIM / PLUS Markets: AAU

KIZILTEPE: FIRST GOLD PRODUCTION

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration and development company focused on Turkey, is pleased to
announce its first gold production from the Sindirgi Gold Project.
This follows the conclusion of trial mining at the Arzu South vein at
the Kiziltepe deposit by Ariana's subsidiary, Galata Madencilik San.
ve Tic. Ltd. ("Galata") and the processing of its ore at the G�m�sk�y
plant by Eti G�m�s A.S. ("Eti").

Dr. Kerim Sener, Managing Director, commented:

"Trial processing of ore from Kiziltepe has resulted in the
production of the first 387 oz of gold from the Kiziltepe deposit.
This is a solid result from the initial trial mine at Kiziltepe, and
discussions regarding an extension to this trial for the processing
of a further batch of ore are underway. It is currently the
intention of the companies to develop their partnership with the
intention of advancing both the Sindirgi and Tavsan projects.

"Ariana is currently considering the sale of investment ingots from
its first gold production from Kiziltepe, following further refining
and minting at the Istanbul Gold Refinery. Such ingots will be sold
at a modest premium to the gold price on a 'first-come-first-served'
basis. I have personally placed a provisional order for 1kg of this
first gold production, as I believe this represents such a
significant and memorable step forward for the Company."

Trial Processing

Trial processing of 5,177 tonnes of dry ore from the Kiziltepe
deposit was finalised during last week at the G�m�sk�y processing
plant owned by Eti in K�tahya Province, Western Turkey.

According to preliminary data provided by Eti, 253.16kg of dry anode
mud was recovered from the electrolytic processing circuit (Figure
1). The gold content of the mud was measured at 4.75%, giving a
total gold content of 12.025 kg (387 oz). Refining of the anode mud
for conversion to 99.9% pure gold is currently underway at the Eti
laboratory and division of the proceeds is expected to occur during a
meeting between Galata and Eti scheduled for the 10th July. Please
see the news release dated 5th March 2009 for details of the trial
processing arrangement with Eti.

While the recovered grade was lower than expected, Galata and Eti are
working jointly to determine the reasons for this result. Ariana
suspects that the surprising volume of sub-surface old workings,
containing low grade back-fill, encountered in otherwise higher-grade
areas contributed to the lower than expected grade of the ore trucked
to the plant. Also, the mined ore suffered certain unplanned
dilution resulting from the mining method and the inexperience of the
trial mine operators. These factors contributed to a trucked grade
of approximately 3.27 g/t Au, based on analyses undertaken at the Eti
laboratory. Process recoveries were also somewhat lower than
expected and calculations of staged process efficiency are still
underway. Ariana is also checking Eti laboratory data via new
analyses undertaken at ALS Chemex to determine if any analytical
errors have occurred.

7 August 2009
AIM / PLUS Markets: AAU

ISSUE OF SHARES
DIRECTORS' DEALINGS


Pursuant to the authorities granted at the Annual General Meeting of
the Company held on 29 June 2009, the Board of Ariana Resources plc
("Ariana" or "the Company"), the gold exploration and development
company focused on Turkey, today announces the issue of 855,216 new
Ordinary Shares of 1 pence each at a price of 2 pence per share and 3
pence per share for salaries due to Directors and staff during the
first and second quarters of 2009 ("the Share Issue"). As set out in
the Annual Report & Accounts 2008, this came about as a result of
certain Directors deferring a portion of their salaries during the
first quarter and the shares have been issued at the average price
during the quarter to satisfy the amount deferred.

Following the Share Issue, the Directors' shareholdings will be as
follows:


+-------------------------------------------------------------------+
| | Shares issued under | Shareholding | Percentage |
| | the Share Issue | following the | holding |
| | | Share Issue | of issued |
| | | | shares |
| | | | following the |
| | | | Share Issue |
|-------------+---------------------+---------------+---------------|
| Kerim Sener | 263,143, of which | 4,013,143 | 2.80% |
| * | 161,290 were issued | | |
| | @ 2p, and 101,853 @ | | |
| | 3p | | |
|-------------+---------------------+---------------+---------------|
| Michael | 131,572, of which | 519,072 | 0.36% |
| Spriggs | 80,645 were issued | | |
| | @ 2p, and 50,927 @ | | |
| | 3p | | |
|-------------+---------------------+---------------+---------------|
| Michael de | 263,143, of which | 2,085,143 | 1.45% |
| Villiers | 161,290 were issued | | |
| | @2p and 101,853 @3p | | |
+-------------------------------------------------------------------+


* Kerim Sener's shareholding currently includes shares held by
related parties.



Application will be made to the London Stock Exchange for the new
Ordinary Shares to be admitted to trading on AIM. It is anticipated
that Admission will become effective and dealings will commence on or
around 14 August 2009. The new Ordinary Shares will rank pari passu,
in all respects, with the existing Ordinary Shares that are currently
in issue and are traded on AIM. Following admission of these shares,
there will be a total of 143,110,294 Ordinary Shares in issue.


Contacts:

Business Financial Newswire
Gold explorer Ariana Resources has raised 800,000 by placing 26.667m shares at 3p each.

The funds raised will allow the Company to undertake further development work on the Kiziltepe and Tavsan deposits, and to initiate core components of the pre-feasibility level evaluation of the 'Red Rabbit' Project.

New exploratory drilling on Kiziltepe and related targets will be undertaken in prospective areas where surface data is limited. At Tavsan, a geophysical programme is planned to identify new targets for resource extensions.

MD Dr Kerim Sener says: 'This Placing was conceived and completed within only one week. This highly successful and speedy outcome is a powerful endorsement of the steady progress made by the Company in recent months."

The market absorbed the news about the placement and the share rose 0.12p to 4.75p in early morning trading.

New article!

http://www.proactiveinvestors.co.uk/companies/news/9496/ariana-resources-setting-up-jv-with-turkish-partner-to-develop-sindirgi-and-tavsan-gold-projects-9496.html

This event is free to attend.
========================

Proactive Investors One2One Forums

The directors of Ariana Resources (AIM: AAU), Western Potash Corp (TSX-V: .WPX) and Resource Generation (ASX: RES) will be presenting:

Wednesday the 24th February 2010
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


Register Here - http://www.proactiveinvestors.co.uk/register/event_details/72

chart looks weak, unfortunately not worth shorting at this level. many might think it can only go up from here.( potential double bottom) but only POTENTIAL. longer term shows ACTUAL top formation. not one for me. good luck.
regards
jkd
edit just my opinion as always and please always dyor.

Ariana makes progress on Red Rabbit JV
Business Financial Newswire
Gold explorer and developer Ariana Resources has made significant progress towards production on its proposed joint venture with Proccea Construction on the Red Rabbit project in Turkey.

The firm said a positive project scoping study and an environmental scoping assessment had been completed for the Kiziltepe sector and Proccea had completed preliminary designs for the processing plant.

It said a reverse circulation resource drilling programme would commence on two satellite veins - Banu and Derya - and a feasibility study and environmental impact assessment was due to get under way.

bought in this morning with some of my ANR proceeds....onwards & upwards!

Nice upward increase today! long may it continue!

Ariana are presenting in London on Wednesday 17th November at 18.30.

All are welcome, and refreshements and hot pub fare will be served after the presentation.

For FREE registration please click HERE

The directors of Ovoca Gold (AIM: OVG), Ariana Resources (AIM: AAU), ECR Minerals (AIM: ECR) and Nighthawk Energy (AIM: HAWK) will be presenting:
Thursday the 26th May 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/111

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com.

This is a Shares and MoneyAMs new quarterly publication covering the world of Oil, Gas and Mining companies. The latest edition is out today and can be viewed as a page flip or a pdf download at www.mrqonline.co.uk

Features on:

Silver
Copper
Platinum

Companies Featured in this issue:

African Eagle
Ariana Resources
GGG Resources
Ithaca Energy
Ormonde Mining
San Leon Energy

Ariana are presenting next Wednesday evening at The Counting House, Cornhill, London.

There are a few places remaining, the event is free to attend, and the presentations are followed by complimentary refreshaments and hot food.

FREE registration - CLICK HERE

These events, are free, friendly, informal, and open to all, from the novice investor to the city professional!

Just to confirm that the presentation tomorrow is now completely full.

We regret we cannot accept any more registrations, but the presentation is to be video recordedi so will be available in due course.

Ariana Resources plc (“Ariana” or “the Company”), the gold exploration and development company focused on Turkey, is pleased to announce a positive update on exploration activities at its Kepez gold prospect (“Kepez”), part of the Company’s flagship Red Rabbit Gold Project (“Red Rabbit”) in Balikesir Province, western Turkey. Kepez is located 6.5km to the ENE of the Kiziltepe Sector of Red Rabbit, where a Feasibility Study (“FS”), is underway ahead of anticipated commencement of production in late 2012.

Highlights:
•High surface silver grades from Karakaya Vein at Kepez complement existing high gold grades
•Average silver grade is 65 g/t, with a maximum of 277 g/t
•Gold equivalent grades now average 8.32 g/t, with a maximum of 46.84 g/t
•High gold equivalent grades could potentially lead to a doubling of the resource estimate for Kepez
•Management reviewing possibility of earlier production from Kepez in combination with Kiziltepe, where production is currently scheduled for Q4 2012
•Further targets at Kepez West identified from recent geophysical work and surface sampling, to be drill-tested Q1 2012



Dr. Kerim Sener, Managing Director, commented:

"These excellent silver results, make the already high-grade Karakaya Vein at Kepez an even more valuable prospect. The resulting gold equivalent grades, which could allow for a doubling of the existing resource at Kepez, may potentially mean that the prospect is mined earlier in the Red Rabbit Project than originally scheduled.”

"While the Karakaya Vein continues to excite and is a priority target for our ongoing exploration programmes in the region, it forms only part of the wider Kepez prospect area. The geophysics programme conducted earlier in the year, coupled with prospect-wide surface geochemical anomalies, lead us to believe that Kepez will yield further high grade areas. We plan to start drill-testing these targets in Q1 2012.”

Ariana Resources expects first Red Rabbit output in 2013
StockMarketWire.com
Ariana Resources has achieved key operational and corporate milestones at its flagship Red Rabbit gold project in Turkey but first output is now projected to be in 2013.

The company said the remaining components of the feasibility study for the Kiziltepe sector of the Red Rabbit project were being compiled, with work now having started on the tailings storage facility design and engineering plans.

Managing director Kerim Sener said: "The development of our flagship Red Rabbit gold project continues to progress as we achieve key operational and corporate milestones.

"In line with this, our current focus is on the publication of our feasibility study, which is now nearing completion, with current work concentrating on minimising strip ratio and reviewing process engineering designs to ensure capital and operational efficiencies.

"I am also delighted to announce the initiation of strategic freehold land acquisitions in the vicinity of the planned Arzu South pit, which is one of the last major hurdles for the permitting of the project.

"In addition, the company has secured an agreement for a $2m loan to cover current funding requirements for the development of the Red Rabbit project.

"However, due to some delays relating to new environmental regulations, first production from the project is now projected in 2013, and we will keep investors abreast of developments in this regard over the course of 2012."

Ariana confirms new vein systems at Red Rabbit
StockMarketWire.com
Turkey-focused gold explorer and developer Ariana Resources has confirmed new vein systems following drilling in the 'gap zone' at its Red Rabbit project.

It said drilling in the Arzu South/Arzu North 'gap zone' returned a first result of 8.7m (drilled) @ 2.03 g/t Au and 9.9 g/t Ag from 15m down hole and demonstrated potential for multiple parallel vein and breccia zones.

Further exploration drilling is planned for the wider Kiziltepe area, which demonstrates potential for additional economic vein systems to feed into the current Red Rabbit project resource of 448,000oz gold equivalent ('Au eq').

A deep drilling campaign at Kiziltepe is being planned to determine the long term underground potential of the project to extend the current projected mine life of eight years.

Managing director Dr. Kerim Sener said: "The scope and potential for the wider Red Rabbit project continues to grow as we advance our exploration activities in the area.

"Initial indications from the drilling campaign in the 'gap zone' between the planned Arzu South and Arzu North pits have demonstrated encouraging widths and grades, and I look forward to providing shareholders with further information regarding the identification of additional vein systems as drilling continues."

Following the resounding success of our first two events, Mining and Resources Quarterly is proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies.



This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

NEXT EVENT

Date: Wednesday 23rd May 2012

Venue: Novotel, London Tower Bridge, 10 Pepys Street, London, EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception



Companies Presenting:



Magnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas exploration and production company with interests in 70 producing properties and non-producing assets covering 16,515 gross acres and 3,000 net acres primarily located in the oil rich Mississippi play in Oklahoma, 4,850 gross acres and 375 net acres in the highly productive oil play in the Bakken/Three Forks Sanish fields in North Dakota as well as the substantial and proven Woodford and Hunton plays, in Oklahoma. The Company focuses on producing areas where the application of horizontal drilling and/or hydraulic fracturing and other techniques offers scope to significantly improve recovery/flow rates. Targeting proven areas lowers exploration risk, illustrated by Magnolia's tremendous success rate achieved so far - 27 out of the first 28 wells in which the Company has participated in have been commercially successful. In addition Magnolia focuses on fields that predominantly produce oil rather than gas securing higher revenues and margins as a result of the higher oil price.



Kea Petroleum (AIM:KEA) is an oil and gas explorer in New Zealand and Australia. Taranaki, New Zealand where Kea is currently exploring has a long history of proven reserves. In 2010 New Zealand Energy Corp and Tag Oil both struck oil resulting in share prices increasing 165% and 100% respectively.

2012 has seen the beginning of Kea’s most exciting and active year. On 10 April, it struck oil and is awaiting equipment to test a field with a potential between one and three million barrels. Two weeks later it commenced drilling its second 2012 well. Later drilling will include one co-funded by Methanex, the world’s largest supplier of methanol.

Ian Gowrie-Smith, Chairman will detail Kea’s exciting prospects.

Ariana Resources



Ariana Resources PLC is an AIM listed gold exploration and development company focussed on epithermal gold-silver and porphyry copper-gold deposits in Turkey.

The Company aims to deliver shareholders value through the dual strategy of developing a profitable gold mining operation and building long term value through exploration. Ariana creates value via the identification and advancement of projects up the value curve to development.

Michael de Villers, Non-Executive Director and Company Secretary, will focus on the recent progress made towards establishing a profitable mining operation at the Red Rabbit Gold Project in Western Turkey, in addition to updates on its independent and joint venture exploration activities.The presentation will also set out the Company's key objectives as Red Rabbit moves towards production, and the key value triggers which investors should watch out for over the next 12 months.





Click here to go to Event

I know this is just a tiddler but I'm on the look-out for gold producers / imminent producers. I reckon that with all this debt countries are piling up, and paper money being printed, Gold reserves will remain in demand (even though Gold prices are currently high already).

RNS out yesterday: Ariana's JV Partner Buy Shares

Dr. Kerim Sener, Managing Director, commented: "This financing solution provides the Company with sufficient capital to complete its technical studies on the Kiziltepe Sector of the Red Rabbit Gold Project and to initiate formal mine permitting procedures. With this crucial phase of pre-production development underway, we can secure the necessary finance to commence construction in the latter half of 2013, enabling the Red Rabbit Gold Project to move into production in the near term.

"Together with Proccea, Ariana is working to secure the estimated $23m project capital required by Zenit Madencilik, the Red Rabbit JV company, required to build the mine. Early discussions with potential project financiers have already generated encouragingly positive feedback, underpinning the highly attractive economic fundamentals achievable at Red Rabbit's initial sector of focus, including a net present value of up to $49.8m and internal rate of return of 47.8%, with payback secured in 2.1 years.

"We are also very pleased that our project partners, Proccea, are now shareholders in the company holding 2.45%. This is in recognition of the strength and solidarity of our partnership, and the proximity of the project to production." [my italics]

The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - WEDNESDAY 4th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception


Companies Presenting: Herencia Resources (AIM:HER), Mariana Resources (AIM:MARL), Minco (AIM:MIO) and Xtract Resources (AIM:XTR)

REGISTER NOW FOR LONDON EVENT ON 4th DECEMBER 2013

SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - THURSDAY 5th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: Ariana Resources (AIM:AAU), Ferrex (AIM:FRX), Horizonte Minerals (AIM:HZM) and Solgold (AIM:SOLG)

REGISTER NOW FOR LONDON EVENT ON 5th DECEMBER 2013

Ariana Resources - Master Investor 2015

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Who Should Attend?Date:

Tuesday 30th June 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

Who Should Attend?Date:

Thursday 16 November 2017

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by: