fletch61
- 02 Feb 2006 09:14
Take a look rns out today
KEAYDIAN
- 25 Apr 2006 08:49
- 2 of 87
RNS
soul traders
- 25 Apr 2006 15:13
- 3 of 87
This is the RNS:
Ariana Resources PLC - Wide Gold Zone Confirmed
RNS Number:9273B
Ariana Resources PLC
25 April 2006
FOR IMMEDIATE RELEASE 25 April 2006
ARIANA RESOURCES PLC
WIDE GOLD ZONE CONFIRMED AT KIZILTEPE PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'; stock code AAU), the AIM-listed
gold exploration company focused exclusively on Turkey, announces further
confirmation of a potential bulk tonnage gold target at its Kiziltepe Prospect
within Ariana's 100% owned Sindirgi Project in western Turkey.
Highlights:
*Systematic rock chip sampling further defines potential bulk tonnage gold
target
*Stockwork style mineralisation across an area of at least 650m by 250m
*Peak rock chip sample of 16.2 g/t Au from outcropping vein
Bulk tonnage target, Kiziltepe Prospect
In March 2006, a field team from Ariana's Turkish operating subsidiary, Galata
Madencilik San. ve Tic. Ltd. Sti. ('Galata') completed a programme of systematic
rock chip sampling across a large (1km x 0.3km) gold in soil anomaly (as defined
by a 0.1 g/t Au contour) at Kiziltepe. 84 samples were collected on a regular
50m x 50m grid covering an area of 250m x 650m and assay results confirm the
presence of a wide zone of stockwork style mineralisation. Peak grades from this
survey include 7.05 g/t Au and 16.2 g/t Au from samples coinciding with vein
material. The rock chip sampling grid will be extended and followed by a
programme of systematic trenching and drilling to test the potential for a bulk
tonnage mining operation.
As part of the same field programme, trenching and rock saw channel sampling on
the recently discovered Aybor Vein at Kiziltepe has returned a best intersect of
2.45 g/t Au over 9.5m from 3 initial trenches.
Steven Poulton, Chief Executive, commented:
'Although work by Ariana and previous operators has focused on only a small
percentage of the 20km vein system which outcrops at the Kiziltepe prospect,
results to date have been highly encouraging. The potential for a bulk tonnage
style stockwork gold deposit at Kiziltepe is now also being defined and drill
testing will be undertaken by Ariana following a programme of systematic
trenching to bedrock. In the meantime our field team continues to discover new
target areas across this highly prospective licence area'.
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511767
Mobile: 07974 086712
s.j.poulton@arianaresources.com
Bankside Consultants
Michael Padley/Susan Scott Tel: 020 7367 8888
Editors' note:
About the Sindirgi Gold Project
The Sindirgi gold project covers an area of 224 km2 in Balikesir Province,
western Turkey. To date at least five target areas have been defined by Ariana,
which include the prospects of Kiziltepe, Kepez, Karaduz, Kavakliduz and
Kizilcukur. Previous operators have defined over 45km of low sulphidation quartz
veins on the project. Sindirgi 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. Ariana acquired the Sindirgi Gold Project from Newmont
Mining Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Newmont retains
the right to a royalty of up to 2.5% on future gold production from the Sindirgi
gold project.
About the Kiziltepe Prospect
The Kiziltepe prospect lies within a 36km2 ten-year renewable operating licence
within the Sindirgi gold project which also contains the Kepez Prospect.
Kiziltepe hosts over 19km 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 700m and widths vary between 1m and 14m.
The main veins trend NW, dip to the northeast and are hosted within Miocene age
andesitic volcanic rocks. The majority of exploration work to date at Kiziltepe
has focused on the Arzu vein, where results from drilling by previous owners
include intersections of 7.23 g/t over 10m and 10.55 g/t over 7.5m. Recent
channel sampling by Ariana (previously reported in November 2005) returned a
best intersect of 6.29 g/t Au over 13.5m.
Sampling and Assaying Procedures
The Kiziltepe programme consisted of the collection of 84 rock chip samples. Of
these 52 samples returned grades less than 0.25 g/t Au (62% of the total), 21
samples between 0.25-1 g/t Au (25% of total), 9 between 1-5 g/t Au (11% of
total) and 2 samples assayed above 5 g/t Au (2% of total), with a peak grade of
16.2 g/t Au.
All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed by fire assay at the ALS Chemex laboratory in Vancouver. Re-assaying
of all samples assaying greater than 10 g/t gold has also been completed by ALS
Chemex. Regular standard and blank samples are being used in the sample sequence
in line with the Company's quality control procedures.
Matthew Grainger, BSc (Hons), MSc, is Ariana's Operations Director. A graduate
of Anglia Polytechnic University in Earth Science, he also holds a Master's
degree from the Camborne School of Mines in Mining Geology. He is a Fellow of
the Geological Society of London and has worked in mineral exploration and
project development in Europe. He has read and approved the technical disclosure
in this regulatory announcement.
About Ariana Resources
Ariana is a technology-driven exploration company focused on the discovery of
multi-million ounce potential epithermal gold-silver and porphyry copper-gold
deposits within the Tethyan metallogenic belt of Turkey. The Company has a
portfolio of prospective licences covering approximately 1,000km2, selected on
the basis of its advanced in-house remote sensing database. Ariana's broker is
Ambrian Partners Limited 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.
Ends
KEAYDIAN
- 25 Apr 2006 15:28
- 5 of 87
Oops, thought I'd posted it.
You've pulled me up on that before Soul Traders.
KEAYDIAN
- 27 Apr 2006 08:53
- 8 of 87
Ariana Resources PLC
27 April 2006
27 April 2006
AIM: AAU
KEPEZ: NEW GOLD ZONE DISCOVERY
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces the discovery of a significant zone of
high grade (up to 9.7 g/t) gold mineralisation at its Kepez prospect within
Ariana's 100% owned Sindirgi project in western Turkey. Kepez is one of five
identified prospects within the 224 km2 licence area.
Highlights:
New gold-bearing silicified zones up to 50m wide discovered at the Kepez
prospect
Peak rock-chip grades of 9.77 g/t Au and 68.1 g/t Ag
Peak rock-chip grades in a newly identified stockwork zone of 9.73 g/t
and 3.56 g/t Au
New Gold Zone, Kepez Prospect
In April 2006, a field team from Ariana's Turkish operating subsidiary, Galata
Madencilik San. ve Tic. Ltd. Sti. ('Galata') completed a programme of
reconnaissance rock-chip sampling and mapping over the Umurlar target within the
Kepez prospect area. Kepez hosts over 2.5km of mapped quartz veins including the
Karakaya Vein, approximately 1.5km south of Umurlar, where the Company recently
announced (February 2006) significant channel sample intersections, including
8.68 g/t Au over 16m.
Rock-chip samples were collected from three silicified bodies (quartz
stockworks, breccias and veins) outcropping at surface for up to 150 metres in
length, discontinuously along a total strike length of 1km and within a zone up
to 50m wide. Sampling has defined the presence of gold and silver mineralisation
at Umurlar, with peak grades of 9.77 g/t Au from a previously mapped area and
9.73 g/t Au (including 68.1 g/t Ag) as well as 3.56 g/t Au from a newly
identified quartz stockwork zone. The silicified nature of these areas indicate
formation at a high level in the hydrothermal system and the results highlight
further potential at depth, where grades may be expected to increase. Mapping
and systematic surface sampling will be undertaken to define targets for future
drill testing.
We have recently announced the discovery of a major gold zone within the
Kiziltepe prospect, which is one of five identified to date within the Sindirgi
project area.
Steven Poulton, Chief Executive, commented:
'This is the second major announcement within a week. Our team working at
Kiziltepe have confirmed a significant new gold zone and we now have the return
of consistent good grades over these silicified bodies at Umurlar within the
Kepez prospect, which is very encouraging. With over 45km of gold-silver bearing
epithermal quartz veins from only 50% of the 224 km2 Sindirgi project area, and
with new zones constantly being located, Ariana's strategy has been to define
multiple priority drill targets for resource definition. Our systematic approach
is paying dividends as the considerable potential for the project area becomes
increasingly clear'.
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.cominfo@
arianaresources.com Mobile: 0797 408 6712
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
Editors note:
About the Sindirgi Gold Project
The Sindirgi gold project covers an area of 224 km2 in Balikesir Province,
western Turkey. To date at least five target areas have been defined by Ariana,
which include the prospects of Kiziltepe, Kepez, Karaduz, Kavakliduz and
Kizilcukur. Previous operators have defined over 45km of low sulphidation quartz
veins on the project. Sindirgi 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. Ariana acquired the Sindirgi gold project from Newmont
Mining Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Newmont retains
the right to a royalty of up to 2.5% on future gold production from the Sindirgi
gold project.
About the Kepez Prospect
The Kepez prospect lies within a 36km2 ten-year renewable operating licence
within the Sindirgi gold project which also contains the Kiziltepe prospect.
Kepez hosts over 2.5km in strike length of gold-silver bearing low-sulphidation
epithermal quartz veins, across an area of at least 2km by 1km. Individual veins
are exposed for up to 850m and widths vary between 1m and 25m. The main vein
trends northward, dips to the west at 50 degrees and is hosted along the contact
between Miocene age andesitic volcanic rocks and Cretaceous ophiolitic units.
Channel sampling by Ariana (previously reported in February 2006) returned a
best intersect of 8.68 g/t Au over 16m.
Sampling and Assaying Procedures
The Umurlar programme at Kepez consisted of the collection of 28 reconnaissance
rock chip samples. Of these 19 samples returned grades less than 0.5 g/t Au (67%
of the total), 3 samples between 0.5-1 g/t Au (11% of total), 3 between 1-5 g/t
Au (11% of total) and 3 samples assayed above 5 g/t Au (11% of total), with a
peak grade of 9.77 g/t Au.
All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed by fire assay at the ALS Chemex laboratory in Vancouver. Regular
standard and blank samples are being used in the sample sequence in line with
the Company's quality control procedures.
Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. 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 the Northern Territory of
Australia. He has read and approved the technical disclosure in this regulatory
announcement.
About Ariana Resources
Ariana is a technology-driven exploration company focused on the discovery of
multi-million ounce potential epithermal gold-silver and porphyry copper-gold
deposits within the Tethyan metallogenic belt of Turkey. The Company has a
portfolio of prospective licences covering approximately 1,000km2, selected on
the basis of its advanced in-house remote sensing database. Ariana's broker is
Ambrian Partners Limited 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
.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
KEAYDIAN
- 27 Apr 2006 08:53
- 9 of 87
Kicking myself, has been on my watch list for ages.
Bugger.
h.hairettin
- 27 Apr 2006 10:30
- 11 of 87
Just found this on the other side:
Good article out on AAU.Registration to the site is free.
http://www.proactiveinvestors.com/registered/articles/article.asp?AAU
Ariana Resources: An early stage gold play with plenty of potential
Before I met with Steven Poulton, Chief Executive of Ariana Resources last week, I asked a few contacts in the City for their impressions of the company.
Slightly surprising to me, only one of them had even heard of Ariana. Part of the trouble of being a new and very small capitalised gold explorer on the Alternative Investment Market [AIM] is lack of exposure. Yet not entirely the company's fault; they are working on a small budget with a large amount of acreage to explore in Turkey, so it's only natural that the Public and Investor Relations budget is somewhat small in comparison to larger companies. A company like Ariana is also competing with hundreds of other small cap companies for investor awareness who think they are equally interesting and warrant the attention of savvy investors.
explosive
- 27 Apr 2006 10:37
- 12 of 87
One question, when I was in Turkey about 2 years ago I visited a few gold producing companies which crafted jewlery. If I remember correctly Turkish gold under the laws of the country wasn't sold on the world market but through business based in Turkey itself. Anyone know if this still applies?
KEAYDIAN
- 27 Apr 2006 13:10
- 13 of 87
Thanks Soul Traders
KD.
cynic
- 18 May 2006 16:17
- 15 of 87
1) The share will be very illiquid and therefore very difficult to trade
2) Is today/tomorrow the time to be looking at investing in another gold miner when gold still has (imo) a lot of correcting to do?
explosive
- 18 May 2006 17:13
- 16 of 87
All depends on if you believe "correcting" is price positive or negative cynic!!
cynic
- 18 May 2006 17:32
- 17 of 87
At the moment I think the end of the world is coming ...... not really I don't, but this market is really murderous as far as i am concerned ..... A bid for AB Ports would cheer me no end ..... All that is required is for the alleged strong rumour to be true ..... and of course a surge by VOG back to where they deserve to be, and a definite positive result from Eagle 1 for EME ..... similar from their Glantal gas project would be icing on the cake.
soul traders
- 23 Aug 2006 10:25
- 20 of 87
Ariana Resources PLC - Kiziltepe Drilling Underway
RNS Number:9866H
Ariana Resources PLC
23 August 2006
23 August 2006
AIM: AAU
DRILLING UNDERWAY AT KIZILTEPE GOLD PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces the commencement of a 3,700m diamond
drilling programme at the Kiziltepe prospect within the Company's 100% owned
Sindirgi gold project in western Turkey.
* Drill rig mobilised and phase one of a 3,700m diamond core programme
underway
* Previous intersections include 6.29 g/t Au over 13.5m from channel
sampling at surface
* Kiziltepe prospect hosts at least 19km in strike length of gold-silver
bearing quartz veins
A total of 37 drill holes are planned at the Kiziltepe prospect to depths of up
to 150m. The programme has been designed to test the depth and grade
continuation of five principal gold-silver bearing epithermal quartz veins,
namely, Arzu South, Arzu North, Banu, Hale and Vein 5. A key objective of the
current programme is to define an initial gold resource for the Arzu South vein
in compliance with the JORC code. Drilling on the Arzu South vein is expected to
be completed by late November 2006 and initial results announced thereafter.
Ariana acquired the Kiziltepe prospect as part of the Sindirgi gold project from
Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont Mining
Corporation (NYSE & ASX: NEM; TSX: NMC) ('Newmont') in January 2005. Newmont
retains a Net Smelter Returns royalty of up to 2.5% on future gold production
from the Sindirgi project.
Independent technical consultants SRK (UK) Limited have previously prepared a
geological model of 150,000 ounces at Arzu South (not a resource as defined by
the JORC code), representing approximately 5% of the known vein system at
Kiziltepe, based on an average gold grade of 4.2 g/t to an approximate depth of
150m.
Steven Poulton, Chief Executive, commented:
'The start of drilling at the Kiziltepe prospect, which hosts over 19km in
strike length of gold-silver bearing epithermal quartz veins, represents a
significant milestone towards defining an initial resource estimate. Our
decision to focus on the Arzu South vein is based on encouraging drilled
intersections reported by previous operators including 7.23 g/t over 10m and
extensive channel sampling by Ariana which returned grades of up to 6.29 g/t Au
over 13.5m.
'With a strong balance sheet from our successful 2 million financing in May
2006, a portfolio of prospective projects and a strong technical team on the
ground, Ariana is extremely well placed to deliver value for its shareholders.'
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.cominfo@arianaresources.com Mobile: 0797 408 6712
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
About the Kiziltepe prospect
The Kiziltepe prospect lies within a 36 km2 ten-year renewable operating licence
which forms part of the Company's 100% owned 224 km2 Sindirgi gold project in
Balikesir Province, western Turkey. The project area 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.
Kiziltepe hosts at least 19km 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 700m and widths vary between 1m and 14m.
The main veins trend NW, dip to the northeast and are hosted within Miocene age
andesitic volcanic rocks. The majority of exploration work to date at Kiziltepe
has focused on the Arzu South vein, where results from drilling by previous
owners include intersections of 7.23 g/t over 10m and 10.55 g/t over 7.5m.
Channel sampling by Ariana (previously reported in November 2005) returned a
best intersect of 6.29 g/t Au over 13.5m.
Sampling and Assaying Procedures
The drill core will be transported to the Company's core storage facility in the
local town of Sindirgi for logging, splitting and photographing. Half the core
will be prepared as one meter samples and sent to the ALS Chemex preparation
facility in Izmir and a 50g fire assay undertaken at the ALS Chemex laboratory
in Vancouver. Regular standard, duplicate and blank samples are being used in
the sample sequence in line with the Company's quality control procedures.
The drilling program will be managed by Ariana's exploration team under the
supervision of Dr Kerim Sener (Exploration Director) and Mr Muhannad Arar
(Projects Manager). Dr Sener is 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 the Northern Territory of Australia. He has read and approved the
technical disclosure in this regulatory announcement.
About Ariana Resources
Ariana is a well funded technology-driven exploration company focused on the
discovery of epithermal gold-silver and porphyry copper-gold deposits with
multi-million ounce potential within the Tethyan metallogenic belt of Turkey.
The Company has a portfolio of prospective licences covering approximately
1,000km2, selected on the basis of its advanced in-house remote sensing
database. Ariana's broker is Ambrian Partners Limited 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
smiler o
- 23 Aug 2006 13:43
- 22 of 87
Soul t
No I am watching with interest !! up 2 so far drilling started at kiziltepe ,but debating on oxs but aau is on watch list
smiler o
- 29 Aug 2006 17:35
- 23 of 87
georgetrio
I have not found out much new info on Ariana Resources, how ever if it takes a drop again this week may have a go, but will keep doing research. last news 23Aug closed today at 12 mid.??
smiler o
- 29 Aug 2006 19:30
- 26 of 87
Soul traders
I agree, I do feel this does have potential at the right price ! lets hope the recent bomb attacks in Turkey does not put off potential investers ! interesting to see whats happens this week !
smiler o
- 25 Sep 2006 16:17
- 28 of 87
Soul T
good luck hope to join you soon as I sell my Oxs (may be a while) !! : )
smiler o
- 25 Sep 2006 16:35
- 30 of 87
Soul T, oxs holding at 22/23 hope to see 35/+ then i will sell and get in to AAU, I do also like the look of BGF, the price has droped to 7.50 ish but some time off at the moment but a good price to get in at IMHO
soul traders
- 11 Oct 2006 11:10
- 32 of 87
More very good news out today, with an RNS announcing a large increase in AAU's licence portfolio.
Stock News - RNS
Ariana Resources PLC - Licence Portfolio Increase
RNS Number:2808K
Ariana Resources PLC
11 October 2006
11 October 2006
AIM: AAU
LICENCE PORTFOLIO SIGNIFICANTLY INCREASED
HIGH PRIORITY TARGETS STAKED
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces a significant expansion to its
exploration portfolio following the completion of a systematic remote-sensing
programme.
*45 new licences granted covering 698km2 across western and eastern Turkey
*Numerous high interest potential gold and porphyry copper-gold style
targets staked
*Exploration portfolio enlarged to 106 licences covering 1,755km2
The Company's generative exploration programme targets the discovery of world
class bulk-tonnage high-sulphidation style (gold and copper-gold) and vein
hosted low-sulphidation style (gold and gold-silver) deposits. At least 120
further targets have been defined from the latest programme which integrated
significant satellite-borne data (ASTER) with data in the Company's proprietary
in-house GIS platform. Forty five new exploration licences totalling 698km2 have
been secured across the highest priority targets occurring in free ground in
western Turkey (14 licences), central Turkey (14 licences) and eastern Turkey
(17 licences). Ariana's portfolio has subsequently increased to 106 licences
covering 1,755km2.
New targets generated for follow-up exploration include:
*4km x 5km anomaly in volcanic rocks in an under-explored region
*6km x 2km anomaly in complex geology similar to that found in Nevada, USA
*2km x 2km anomaly in the centre of a large volcanic complex
*Portions of a 16km long anomaly in volcanic rocks
*2km long anomaly at the contact between volcanic and metamorphosed rocks
Steven Poulton, Chief Executive, commented:
'Ariana is making excellent progress towards its strategy of defining a pipeline
of exciting projects for resource definition in Turkey. This recent programme
has secured an additional 45 licences across numerous and potentially
significant large targets.
'Meanwhile, we continue to make strong progress at our existing projects. In
western Turkey drilling is underway with two rigs active at the Company's
Sindirgi gold project that hosts over 45km of gold-silver bearing epithermal
veins and exploration is on going at the Demirci gold project.'
smiler o
- 12 Oct 2006 19:48
- 33 of 87
very good news, this could go a long way I have been with Oxs some time and this does seem undervalued IMHO Yet does not seem to be much interest ??? :)
smiler o
- 31 Oct 2006 08:45
- 35 of 87
31 October 2006
AIM: AAU
MEMORANDUM OF UNDERSTANDING SIGNED IN EASTERN TURKEY
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces that its wholly owned Turkish operating
subsidiary Galata Madencilik San. ve Tic. Ltd. Sti. ('Galata') has signed a
Memorandum of Understanding ('MoU') with Besler Insaat Turizm ve Madencilik San.
ve Tic. Ltd. Sti. ('Besler') in eastern Turkey.
MoU provides Ariana with an experienced local partner in highly
prospective eastern Turkey
Exploration campaign to commence in 2007
Royalty payments to be made on commercial production
Besler operate chromite mines in the Erzurum region of eastern Turkey and also
hold a number of additional exploration licences. These additional licences will
be transferred to Galata for inclusion in the Company's exploration programme in
2007. A number of these licences have been visited by Ariana's field teams and
show encouraging potential for epithermal and skarn-related gold and copper
mineralisation.
The MoU provides for the payment of a royalty on the production of gold, silver,
copper, molybdenum, lead and zinc within a designated Area of Interest. The
royalty payable by Ariana to Besler will be 1.25% for licences selected by
Ariana and 2.5% for licences previously held by Besler.
Steven Poulton, Chief Executive, commented:
'This deal illustrates Ariana's strategy of applying to maximum effect our in
country know-how to develop strong local partnerships. The agreement represents
an excellent opportunity for the two companies to use their combined expertise
to unlock the potential for significant gold and copper-gold discoveries within
the highly prospective and under explored metallogenic belts of eastern Turkey.'
smiler o
- 20 Nov 2006 08:46
- 38 of 87
20 November 2006
AIM: AAU
SIGNIFICANT INITIAL DRILLING RESULTS FROM KIZILTEPE GOLD PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces significant results from the first
eighteen drill holes completed on the Kiziltepe gold prospect at the Company's
100% owned Sindirgi Project in Balikesir province, western Turkey.
Intersections of 13.09 g/t Au over 6.6m, 7.49 g/t Au over 10.5m and 6.52
g/t Au over 6.3m
Results confirm previous work and identify lateral and down-dip vein
extensions
Eighteen drill holes completed along 530m of vein strike length
Drilling ongoing at the Kiziltepe and Kepez prospects
Since August 2006 a field team from the Company's Turkish operating subsidiary,
Galata Madencilik San. ve Tic. Ltd. Sti., has supervised the completion of a
diamond core drilling programme on the Arzu South vein. Assay results for the
first eighteen HQ size (63.5mm diameter) holes, totalling 1,391 drilled metres,
have been received. The holes were drilled to depths of between 50 and 105
metres and angled at between 50 and 75 degrees along a 530m section of vein
strike length. Quartz veins, other mineralised structures and stockwork were
located in all but one of the first eighteen drill holes, the results of which
are detailed below.
did not print it all its a bit long !! : )
seawallwalker
- 20 Nov 2006 08:56
- 39 of 87
Don't understand a thing about miners, but well done here, now lets see it reflected in the sp.
soul traders
- 20 Nov 2006 10:46
- 40 of 87
Morning all!
SWW, it seems to me, from comparison of other minnow gold-diggers, that the grades of gold deposits found are very much worthwhile - anything over 6g/t tends to be regarded as quite a decent find, with plenty of the tiddlers still mining very happily on yields around the 2 g/t mark if memory serves.
Hopefully there's more of the same to come from AAU (both from the remainder of the current drilling programme and from the company's extensive license portfolio), but of course the road to actual production may be a long one due to the need to set up facilities, etc.
So the issue of exactly when this co will go multi-bagger is completely open. I like what I see, though, and the fact that only 107k shares have been traded so far this morning suggests to me that AAU is still being overlooked at the present time, which means there could be plenty more buying opportunities along the way.
Don't take it from me; PDYOR, etc, but I am still amply convinced that AAU is going to do very well for its investors and that our patience will be rewarded.
seawallwalker
- 20 Nov 2006 11:52
- 41 of 87
I'll look in from time to time, and also research a bit.
I have held JLP before today, but that was a momentum play rather than an educated one.
Thanks for explaining.
soul traders
- 07 Dec 2006 16:17
- 42 of 87
smiler o
- 11 Dec 2006 09:13
- 43 of 87
Ariana Resources PLC
11 December 2006
11 December 2006
AIM: AAU
EXPLORATION UPDATE ON THE GOVELI GOLD PROJECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, provides an update on exploration at its Goveli
gold project in western Turkey.
Gold mineralised zone measures at least 5km long and 0.5km wide
Grades of up to 4.16 g/t Au and 1.72% Nickel from composite rock-chip
sampling
Follow up exploration underway to define drill targets
Geological mapping and a programme of systematic rock-chip sampling have defined
a zone of pervasive gold mineralisation and hydrothermal alteration measuring at
least 5km long and up to 0.5km wide along the discontinuous northeast striking
thrusted contact between Cretaceous age marble and ophiolitic units with
Precambrian age basement schists and gneiss. A total of 586 samples have been
collected from a combination of 50m by 50m and 25m by 25m spaced composite rock
chip grids, with a peak gold grade of 4.16 g/t. Sixteen samples graded above
0.5% Ni with peak grades of 1.72% Ni and 0.15% Co collected proximal to altered
ophiolite.
A programme of reconnaissance rock-saw channel sampling has also been completed
along road cuts within an area showing strong alteration. A total of 141 samples
were collected and the results confirm the broad distribution of anomalous grade
gold mineralisation at surface, including 0.49 g/t Au over 23m and 0.34 g/t Au
over 22m.
Kerim Sener, Exploration Director, commented:
'Our systematic exploration of the Goveli project has defined a significant zone
of gold mineralisation measuring 5km long and up to 0.5km wide in places. Field
observations indicate that the mineralisation is associated with a complex array
of faults and fracturing. Structural mapping, geophysics and a programme of
trenching are planned to define possible high-grade feeder zones that would be a
target for a future drilling programme in 2007. '
About the Goveli project
The Goveli gold project comprises three exploration licences totalling 44.5km2
in the Manisa Province of western Turkey, 125km northeast of the coastal city of
Izmir and 60km southeast of Ariana's Sindirgi gold project. The central licence
was acquired through competitive auction and two contiguous licences were
acquired from Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont
Mining Corporation (NYSE & ASX: NEM; TSX: NMC) ('Newmont'), in July 2006.
Newmont retains a Net Smelter Returns royalty of 2% on future production from
the Goveli project.
Sampling and Assaying Procedures
The Goveli exploration programme has consisted of the collection of 586
composite rock-chip samples and 13 float samples. Of the rock-chips, 482 samples
returned grades of less than 0.1 g/t Au (82% of the total), 72 samples between
0.1-0.5 g/t Au (12% of total), 17 between 0.5-1 g/t Au (3% of total), and 15
greater than 1 g/t Au (3% of total), with a peak grade of 4.12 g/t Au.
All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed for gold by 30g fire assay at the ALS Chemex laboratory in Romania.
Batches of 44 samples are submitted to the laboratory for simultaneous fire
assay and batch control is provided by standard and blank samples inserted in
the sample sequence in line with the Company's quality control procedures.
Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. 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 the Northern Territory of
Australia. He has read and approved the technical disclosure in this regulatory
announcement.
soul traders
- 22 Dec 2006 20:49
- 46 of 87
Ariana Resources PLC - Total Voting Rights
RNS Number:5216O
Ariana Resources PLC
22 December 2006
22 December 2006
AIM: AAU
TOTAL VOTING RIGHTS
In conformity with the Transparency Directive's transitional provision 6 the
Board of Ariana Resources plc (the 'Company') is required to notify the market
of the following:
As at the date of this announcement, the Company's issued share capital consists
of 46,957,362 Ordinary Shares with a nominal value of 0.01 each, with voting
rights ('Ordinary Shares'). The Company does not hold any Ordinary Shares in
Treasury. Therefore the total number of Ordinary Shares in the Company with
voting rights is 46,957,362.
The above figure of 46,957,362 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their interest
in, the share capital of the Company under the Financial Service Authority's
Disclosure and Transparency Rules.
soul traders
- 08 Jan 2007 11:55
- 48 of 87
More positive drill results from Kiz:
Ariana Resources PLC - Positive Drilling Results
RNS Number:0972P
Ariana Resources PLC
08 January 2007
08 January 2007
AIM: AAU
FURTHER POSITIVE DRILLING RESULTS FROM KIZILTEPE GOLD PROSPECT
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration company
focused on Turkey, announces the results from the first three drill holes
completed on the Banu Vein, at the Kiziltepe gold prospect. This represents the
fifth set of positive results on different veins within the Kiziltepe project,
that forms part of the Company's 100% owned 235km2 Sindirgi gold project in
western Turkey.
*Intersections of 2.10 g/t Au over 4.8m, 2.09 g/t Au over 2.10m and
4.62g/t Au over 2.0m
*Significant silver grades from 64 g/t Ag to 159 g/t Ag boost gold
equivalent grades
*Results confirm that historical drilling was not orientated appropriately
and that further drilling on this vein is warranted
*Follow up drilling underway on the Arzu South vein for resource
estimation
A field team from the Company's Turkish operating subsidiary, Galata Madencilik
San. ve Tic. Ltd. Sti., supervised the completion of an initial three-hole HQ
size (63.5 mm wide) diamond core drilling programme on the Banu Vein. The holes
D15, D16 and D17 reported in this release totalled 264.30m. They were drilled to
depths of between 70 and 100 metres and angled at 60 degrees along a 100m
section of vein strike length. Collars were located at approximately 50 metre
spaced centres. Quartz veins, other mineralised structures and stockwork were
located in all three holes drilled in this exploratory programme. Selected
intersections are given in Table 1 below.
Steven Poulton, Chief Executive, commented:
"We are encouraged by the results of this preliminary drilling on the Banu Vein,
which show robust gold and silver grades. The combined gold equivalent
intersections of 3.38 g/t Au over 4.8m, 4.33 g/t Au over 2.10m and 7.08 g/t Au
over 2.0m provide further assurance in the continuity of the mineralised system
and indicate that additional drilling is warranted. The results also support our
growing confidence in the potential of the Kiziltepe prospect as a whole. We are
pleased with the results from the first two veins we have drilled and, out of
the 15 major veins so far identified at the Kiziltepe prospect, there have been
very encouraging results from five of them."
"Drilling at the Kiziltepe prospect is continuing. A series of deeper holes is
currently testing the potential plunge of a significant high grade zone, as
identified by our previously announced drilling results. Data from these holes
will be included in a future resource estimate on the Arzu South Vein. We look
forward to updating our shareholders when further results become available. 2006
was a year of considerable progress for the Company, with additional licence
areas acquired, several promising new prospects identified, and very positive
results from the initial drilling and sampling programmes at the Kiziltepe and
Kepez prospects."
Table 1: Drill hole intersection data from the Banu Vein in addition to historic
data:
Hole From To Recovery Apparent Gold Silver Au + Au equiv.
(m) (m) (%) Width(m) (Au g/t) (Ag g/t) (g/t)
KTP-D15-06 54.1 54.5 88 0.4 0.58 21.80 1.02
and 61.3 66.1 92 4.8 2.10 63.82 3.38
KTP-D16-06 40.4 42.5 89 2.1 2.09 112.10 4.33
KTP-D17-06 27.7 29.7 87 2.0 4.62 159.09 7.80
RSC05* 42.3 45.0 n/a 2.7 4.89 80.00 6.49
Notes:
No top cut has been applied to assay results
Intersections based on a 0.5 g/t cut off grade
Weighted averages have been calculated for core recovery and gold/silver grades
* RSC05 denotes the historical drill hole undertaken by Tuprag in 1992 -
recovery was not reported
Au + Au equiv. g/t is the sum of the gold grade and the gold equivalent grade
of silver based on a gold/silver price ratio of approximately 1:50
Banu Vein
The preliminary drilling programme on the Banu Vein was designed to demonstrate
that drilling by previous operators failed to intersect the main vein. Surface
trenching undertaken by Ariana indicated that the vein dips to the south-west,
requiring the drill holes reported in this release to be oriented toward the
north-east. The successful intersection of the vein in all three new drill holes
confirms that four historical holes, which were drilled towards the south-west,
were located in the footwall of, and sub-parallel to, the mineralised structure.
In addition, the new holes were designed to test a section of vein that had not
been sampled during the rock-saw programme, but which provided encouraging gold
grades from rock-chip sampling and also has the greatest density of historic
surface workings along strike.
The Banu Vein (strike length 750m) has the most uniform grade at surface of all
the veins at the Kiziltepe prospect. For 550m of surface sampled strike length,
the vein carries a fairly consistent grade of approximately 2-3 g/t Au. Evidence
from both the new and historical drilling indicates an improvement in grade at
depth and along strike to the southeast. A hole drilled by previous operators in
1992 (RSC05) in the south-eastern part of the vein provided an intersection of
4.89 g/t Au and 80 g/t Ag over 2.7m. The latest drilling by Ariana has confirmed
the improvement in the gold and silver grade. Follow-up drilling in this
south-eastern section of the Banu Vein is now warranted to confirm its potential
at depth.
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.com Mobile: 0797 408 6712
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
Editors' note:
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 235km2 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 19km 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. Newmont 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, Galata obtained all necessary
environmental and forestry approvals from the provincial government in Balikesir
and the State Government in Ankara.
Sampling and Assaying Procedures
To date 73 HQ size drill-core samples from the drilling programme on the Banu
Vein, ranging from 0.18m to 1.07m in length have been cut in half by a diamond
saw and sent for assay. Of these, 61 samples have returned grades of less than
0.5 g/t Au (83.5% of the total), 4 samples between 0.5-1 g/t Au (5.5% of total),
7 between 1-5 g/t Au (9.6% of total) and 1 sample above 5 g/t Au (1.4% of
total), grading 7.32 g/t Au. Sample recovery has averaged 89% in the mineralised
zones.
All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed by 30g fire assay at the ALS Chemex laboratory in Romania. Routine
re-assaying of all samples assaying greater than 10 g/t Au (no samples) and
100g/t Ag (6 samples) 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
that all blanks and standards have passed and duplicate samples have shown
excellent correlations, with 99.9% correlation for crushed duplicates and 97.6%
correlation for pulp duplicates. Laboratory sample preparation, assaying
procedures and chain of custody are appropriately controlled. The Company
maintains an archive of half core samples and a photographic record of all cores
for future reference.
Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. 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 the Northern Territory of
Australia. He has read and approved the technical disclosure in this regulatory
announcement.
About Ariana Resources
Ariana is a dynamic exploration company focused on the discovery of epithermal
gold-silver and porphyry copper-gold deposits with multi-million ounce potential
within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of
prospective licences covering 1,755km2, selected on the basis of its advanced
in-house remote sensing database.
The Company's flagship asset is the 235km2 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. A
drilling programme is currently focussed on defining gold resources (in
compliance with the JORC code) at the prospects of Kiziltepe and Kepez.
Ambrian Partners Limited and King & Shaxson Capital 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.
Ends
smiler o
- 16 Jan 2007 08:35
- 51 of 87
Ariana Resources PLC
16 January 2007
16 January 2007
AIM: AAU
DRILLING UNDERWAY AT THE KINIK GOLD PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused on Turkey, announces the commencement of a diamond-drilling programme at
the Company's 100% owned Kinik gold prospect in Balikesir Province, western
Turkey.
Drilling will test a 750m long gold in soil anomaly
Drill rig mobilised and eleven diamond core drill holes planned
Previous gold grades up to 10.4 g/t Au from channel sampling
Prospect discovered by Ariana's remote sensing programme
The Kinik prospect is located in the Ivrindi gold project, which covers an area
of 90km(2) in Balikesir province, western Turkey, and lies 70km to the northwest
of the Company's Sindirgi Project. The prospect was identified by the Company's
remote sensing programme. A 48m long reconnaissance channel sample along a
road-cut within the prospect area determined the potential for significant gold
grades, with high grade zones of 3.2 g/t over 10m, 3.1 g/t over 5m and 1.4 g/t
over 13m (using a 0.5 g/t Au cut-off) with a peak grade of 10.4 g/t Au.
Subsequent rock-chip sampling undertaken by the Company at two separate
locations 250m and 900m east and northeast, respectively, of this channel
returned grades above 1 g/t Au. A follow up systematic surface soil sampling
programme was completed in late 2005. This work identified an extensive (750m by
50m) gold in soil geochemical anomaly (above 50ppb Au) along the faulted contact
of altered andesitic volcanic rocks and limestone units.
An initial eleven diamond core holes are planned in the current drilling
programme, to depths of up to 100m, to test the continuity of gold
mineralisation beneath the soil anomaly. If the results are positive, they will
be used to guide a follow up drilling programme for resource estimation.
Steven Poulton, Chief Executive, commented:
'We are focused on rapidly drill testing our exploration discoveries. The
results from the Kinik prospect indicate the presence of a potentially
significant gold mineralised system at depth which our drilling programme is
designed to test. Definition of Kinik and other prospects demonstrates the
success and value of the Company's remote sensing strategy. We will drill test
the Kinik prospect while drilling at the Sindirgi gold project is also on-going.
We look forward to updating shareholders on the results from these programmes.'
About the Kinik Prospect
The Kinik prospect is situated in a regional-scale structural corridor which
contains known occurrences of epithermal gold-silver and antimony
mineralisation. The prospect area contains Late Oligocene to Mid-Miocene age,
variably altered, andesitic volcanic rocks, which are juxtaposed against
limestone of Permo-Triassic age. The juxtaposition of these units is caused by a
series of closely-spaced, ENE-trending, north- and south-dipping normal faults
related to graben formation during the Late Miocene.
Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. 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 the Northern Territory of
Australia. He has read and approved the technical disclosure in this regulatory
announcement.
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.com
Mobile: 0797 408 6712
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
Editors' note:
About Ariana Resources
Ariana is a dynamic exploration company focused on the discovery of epithermal
gold-silver and porphyry copper-gold deposits with multi-million ounce potential
within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of
prospective licences covering 1,755km2, selected on the basis of its advanced
in-house remote sensing database.
The Company's flagship asset is the 235km2 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.
A drilling programme is currently focussed on defining gold resources (in
compliance with the JORC code) at the prospects of Kiziltepe and Kepez.
Ambrian Partners Limited and King & Shaxson Capital 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
smiler o
- 07 Feb 2007 10:34
- 55 of 87
It could be down to "that time of year" a few selling may be ST, IF it drops any more on No news I may Top up!
smiler o
- 07 Feb 2007 11:12
- 57 of 87
ST, sounds promising
smiler o
- 07 Feb 2007 12:08
- 59 of 87
ST, I see a few buys !! and a tic up :)
smiler o
- 08 Feb 2007 12:33
- 61 of 87
Ariana Resources PLC
08 February 2007
8 February 2007
AIM: AAU
FIRST DRILLING RESULTS FROM VEIN 4, KIZILTEPE PROSPECT
http://moneyam.uk-wire.com/cgi-bin/articles/200702080700429099Q.html
soul traders
- 08 Feb 2007 13:39
- 62 of 87
Thanks once again, Smiler (my, but you've been busy the last day or two!).
Couldn't resist posting the whole article on this occasion:
Ariana Resources PLC - Vein 4 1st Drilling Results
RNS Number:9099Q
Ariana Resources PLC
08 February 2007
8 February 2007
AIM: AAU
FIRST DRILLING RESULTS FROM VEIN 4, KIZILTEPE PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused on Turkey, announces the results from the first three drill holes
completed on Vein 4, which is located 800m northwest from the Arzu South and
900m north of the Banu veins at the Kiziltepe gold prospect. This represents the
sixth successive set of positive results on different veins within the Kiziltepe
project, which is located within the Company's 100%-owned 235km2 Sindirgi gold
project in western Turkey. Ariana is continuing to develop a detailed and
positive framework for understanding and potentially developing this extensive
mineralised system.
*Previously untested vein providing intersections of 1.42 g/t Au over
6.0m, 1.26 g/t Au over 7.10m and 1.56 g/t Au over 5.0m
*Silver grades in these intersections range from 19 to 49 g/t Ag
*First three drill holes completed along 100m of vein strike length
*The continuity of grade at surface and at depth indicate that further
drilling on this vein is warranted
A field team from the Company's Turkish operating subsidiary, Galata Madencilik
San. ve Tic. Ltd. Sti., supervised the completion of an initial three-hole HQ
size (63.5 mm wide) diamond core drilling programme on Vein 4. The holes D18,
D19 and D20 reported in this release totalled 232.80m. They were drilled to
depths of between 65 and 93 metres and angled at 60 degrees along a 100m section
of vein strike length. Collars were located at approximately 50 metre spaced
centres. Quartz veins, other mineralised structures and stock work were located
in all three holes drilled in this exploratory programme. Selected intersections
are given in Table 1 below.
Kerim Sener, Exploration Director, commented:
'The results of this drilling confirm the validity of our strategy to test all
previously undrilled veins at the Kiziltepe prospect. While the grade of
mineralisation at Vein 4 is low, the vein widths are significant and there is
sufficient geological evidence to conclude that these initial intercepts are
positioned high in the epithermal system. We predict that this vein is one of
the least eroded veins on the Kiziltepe prospect and that deeper drilling on
this vein will yield better grades. Further drilling at this location is
scheduled for later this year.'
Table 1: Drill hole intersection data from the Vein 4 drilling programme:
Hole From To (m) Recovery Apparent Gold (Au Silver Au + Ag
(m) (%) Width (m) g/t) (Ag g/t) equiv. (g
/t)
KTP-D18-06 38.0 44.0 97 6.0 1.42 34.60 2.11
KTP-D19-06 44.3 51.4 91 7.1 1.26 48.96 2.24
KTP-D20-06 61.8 66.8 94 5.0 1.56 19.46 1.95
Notes:
No top cut has been applied to assay results
Intersections based on a 0.5 g/t cut off grade
Weighted averages have been calculated for core recovery and gold/silver
grades
Au + Ag equiv. g/t is the sum of the gold grade and the gold equivalent grade
of silver
based on a gold/silver price ratio of approximately 1:50
Vein 4
In 2006, Vein 4 (strike length 615m) was tested at surface by rock-saw channel
sampling for 325m of strike. The average grade of gold from this sampling was
0.73 g/t Au with a best grade of 8.56 g/t Au, proving that the mineralisation
within the vein achieves significant concentrations in places. The vein is
located only 200m south of the Arzu North multiple-parallel vein system, which
has shown potential at surface from rock-saw channel sampling conducted in 2006.
Surface vein textures are characteristic of deposition at shallow crustal
levels, showing development of massive chalcedonic to opaline quartz and rarely
show textures indicative of boiling. This is unusual in comparison to other
veins at the Kiziltepe prospect, which are typically eroded to deeper levels to
expose the boiling level of the epithermal system (boiling is a critical factor
in gold deposition). These data indicate collectively that Vein 4 is one of the
least eroded and therefore most well-preserved vein systems within the Kiziltepe
prospect.
The drilling programme was designed to test the down-dip potential of the vein
system and to identify continuity of the grades encountered at surface. The
results of the drilling programme demonstrate that the vein carries fairly
consistent grades of about 1-2 g/t Au at shallow depths, mirroring the grades
determined by surface sampling. Follow-up drilling to locate the boiling level
within the system and to test the possibility of grade improvement at this level
is deemed essential.
soul traders
- 15 Mar 2007 15:29
- 65 of 87
RNS out today:
Ariana Resources PLC - Directorate Change
RNS Number:0177T
Ariana Resources PLC
15 March 2007
15 March 2007
AIM: AAU
DIRECTORATE CHANGES
CHANGE OF REGISTERED OFFICE
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused on Turkey, announces that Steven Poulton, Chief Executive and a director
of Ariana, is to step down with immediate effect from the Company, in order to
develop other opportunities outside Turkey. This decision principally reflects
the shift in emphasis in Ariana's operations from early-stage regional
exploration, towards identifying specific prospects in Turkey for drilling and
resource definition.
As a result of this change in the focus and the subsequent restructuring of the
Board, it is expected that the Company will benefit from a reduction in its UK
overheads without any reduction in its operational capacity.
Kerim Sener, will become head of operations and Michael Spriggs Executive
Chairman. At the same time, the Board is pleased to announce that it has
appointed as part time CFO William Payne, Partner of leading UK accountants
Wilkins Kennedy. William will be responsible for overseeing the financial and
secretarial functions of the Company, supported by the Company's internal
accounts department based in Turkey. The registered office of the Company has
changed to Bridge House, London Bridge, London, SE1 9QR, United Kingdom with
immediate effect.
Steven Poulton commented:
'Ariana has made excellent progress in the last three years. The Company has
established an enviable portfolio of gold properties and a first class team in
Turkey under the excellent stewardship of its exploration director, Kerim Sener.
Recognising that the next phase of the Company's growth will come from our
exploration activities, it is an appropriate time for me to step aside. I expect
Ariana's board will deliver significant shareholder value in the years to come
and I would like to take the opportunity to thank them for the significant
support they have provided.'
Michael Spriggs, Chairman, commented:
'Steven, as one of the founding directors of Ariana in 2002, has played a hugely
important role in the development of our business to date. He led the
negotiations on the acquisitions we have made and played a key part in
assembling the impressive range of prospects that now form the core of the
Company's exploration portfolio in Turkey.
'However, now that the emphasis of this programme has moved towards the detailed
exploration of identified prospects in Turkey with the eventual target of
establishing substantial gold resources, Steven has decided to seek new
challenges. We regret having to accept his resignation, but understand that he
now wishes to apply his significant entrepreneurial energy in new directions. On
behalf of the Board I would like to thank Steven for his considerable
contribution over the years and wish him every success in his future
endeavours.''The restructuring following Steven's departure, and the appointment of William
Payne as CFO, will ensure the smooth continuation of the operational aspects of
the business. This will bring Ariana cost savings and allow us to maintain the
drive towards our target of discovering and establishing a million ounce gold
deposit in our highly prospective areas of operation as efficiently as possible.
The drilling programmes underway continue to generate excellent results and we
look forward to updating shareholders as the results are processed'.
Contacts:
Ariana Resources plc
Michael Spriggs, Chairman Tel: 07887 998 252
kmspriggs@fsmail.net
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
Beaumont Cornish Limited
Roland Cornish Tel: 020 7628 3396
Editors' Note
About Ariana Resources
Ariana is a dynamic exploration company focused on the discovery of epithermal
gold-silver and porphyry copper-gold deposits with multi-million ounce potential
within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of
prospective licences covering 1,755km2, selected on the basis of its advanced
in-house remote sensing database.
The Company's flagship asset is the 235km2 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. A
two rig drilling programme is currently focused on defining gold resources (in
compliance with the JORC code) at the prospects of Kiziltepe and Kepez.
Ambrian Partners Limited and King & Shaxson Capital 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.
Ends
smiler o
- 15 Mar 2007 17:15
- 67 of 87
ST, lets hope so ; )
soul traders
- 21 Mar 2007 11:21
- 68 of 87
Another exploration update today:
Ariana Resources PLC - Killick Drilling Results
RNS Number:3809T
Ariana Resources PLC
21 March 2007
21 March 2007
AIM: AAU
POSITIVE DRILLING RESULTS FROM THE KINIK GOLD PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused on Turkey, is pleased to announce the results from the first eight drill
holes completed on the Kinik prospect at the Company's 100% owned Ivrindi
Project in Balikesir province, western Turkey.
*Eight drill holes completed along a 750m long gold in soil anomaly
*Intersections of 1.41 g/t Au over 6.2m, 4.17 g/t Au over 1.9m and 4.91 g/
t Au over 1.7m
*Gold grades up to 10.4g/t Au from channel sampling and 7.6g/t in drilling
*Prospect discovered from Ariana's remote-sensing programme
A field team from the Company's Turkish operating subsidiary, Galata Madencilik
San. ve Tic. Ltd. Sti. ('Galata'), have supervised the completion of a (HQ size
63.5 mm) diamond-core drilling programme on the Kinik prospect. The drilling
programme was designed to test the channel sampled area and the anomaly defined
by a soil geochemical grid reported on earlier. The eight holes reported in this
release total 423.30m and were drilled to depths of between 35 and 81 meters and
angled between 50 and 75 degrees along a 750 metres section of the gold in soil
anomaly. Drill hole collars were located 40-50 metres apart.
Ahead of commencing the drilling programme, Galata obtained all necessary
environmental and forestry approvals from the provincial government in Balikesir
and the State Government in Ankara.
Kerim Sener, Managing Director, commented:
'We are encouraged by the results of this initial drilling programme on the
Kinik prospect which has confirmed the depth continuity of the mineralisation
identified from the surface. The geological setting of the prospect, the unusual
style of mineralisation encountered and the new data obtained from drill
testing, suggests that additional drilling at this locality is warranted. Our
target will be the definition of a near surface, bulk tonnage and low grade gold
resource. We are now in the process of securing an RC-drilling rig for this
purpose and we plan to restart work at this prospect during the summer of 2007.
This is another very encouraging result from our initial exploration programme
and gives us additional confidence in our target identification procedures.
'We are in the process of preparing our first resource statement and we expect
to be in a position to announce this in the next quarter.'
Table 1: Drill hole intersection data from the Kinik prospect drilling
programme:
Hole From To Recovery Apparent Gold (Au
(m) (m) (%) Width (m) g/t)
KNK-D01-06 10.80 11.80 76 1.00 0.76
KNK-D02-06 4.60 5.60 96 1.00 1.01
28.90 35.10 95 6.20 1.41
KNK-D03-06 8.50 9.40 98 0.90 1.03
11.00 12.90 95 1.90 4.17
27.60 30.80 98 3.20 1.51
32.40 33.90 97 1.50 1.88
34.60 36.50 100 1.90 0.61
KNK-D04-06 25.20 27.30 90 2.10 0.86
KNK-D05-07 10.20 11.20 97 1.00 1.62
13.00 15.00 98 2.00 2.97
27.40 28.40 97 1.00 0.58
KNK-D06-07 Mineralised but values are below cut-off
KNK-D07-07
KNK-D08-07 44.00 45.70 100 1.70 4.91
Notes:
No top cut has been applied to assay results
Intersections based on a 0.5 g/t cut off grade
Weighted averages have been calculated for core recovery and gold
grades
smiler o
- 21 Mar 2007 11:25
- 71 of 87
you beat me to it !!! :) ST you see the SUB SEA Thread some news if your still in it !!
soul traders
- 10 May 2007 07:58
- 73 of 87
=======================================================================
Re: News Releases - Thursday, May 10, 2007
INITIAL JORC RESOURCE AT KIZILTEPE
=======================================================================
10 May 2007
AIM: AAU
INITIAL JORC RESOURCE AT KIZILTEPE
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration
company focused on Turkey, is pleased to announce the completion of the
Company's first independent resource estimate for the Kiziltepe gold
prospect, at its flagship Sindirgi Project in Balikesir Province,
western Turkey.
Highlights
. SRK Consulting (UK) Ltd ("SRK") estimates a JORC compliant mineral
resource of 99 koz Au + 1,820 koz Ag (for 135 koz Au equivalent)
. Resource based on two veins which comprise only 5% of the mapped
veins at the property
. Mineralisation is open at depth and along strike and additional
targets require further drill-testing in 2007
. SRK recommends initiation of a formal scoping study to evaluate
production options at Kiziltepe
SRK has completed a 3D model and mineral resource estimate in
compliance with the JORC code for certain gold bearing quartz veins at
the Kiziltepe prospect.
SRK commented, "Ariana has completed over 4,150m of drilling and 250m
of channel sampling at surface .... and has ensured a high quality of
sample preparation and laboratory results. These have resulted in
grade and density data which can support a JORC compliant resource
estimate."
Four mineralised structures have been incorporated in the 3D geological
model, namely: Arzu South, Arzu North, Vein 4 and Banu Vein. The
majority of the current resource is located within Arzu South, the
central part of which has been drilled and channel sampled sufficiently
enough to support an Indicated Mineral Resource. The southern and
northern parts of Arzu South and a small part of Arzu North comprise
the Inferred Mineral Resource. Much of Arzu North, Vein 4 and Banu
Vein have not been modelled as part of the mineral resource due to
lower drill data density and grades.
At Arzu South, SRK has provided a detailed interpretation of the
drillcore intersections to produce a geological model consisting of
multiple vein segments, many of which have been delineated robustly by
Ariana's drilling. Over the 800m strike length in consideration at
Arzu South, ten mineralised vein segments have been modelled, with vein
widths typically between 1.5 and 5m.
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 3 g/t Au
cut-off grade has been applied to the resource blocks which measure 25
x 25m in the plane of the modelled structures. The parts of the model
which are above cut-off grade are generally continuous and, within
these, higher grade features appear to plunge to the southeast.
SRK Mineral Resource Statement
Classification Vein Tonnage Grade Metal *
(Kt) (Au g/t)(Ag g/t) (kg Au) (kg Ag)
Indicated Arzu South (C) 200 5.8 98 1,160 19,600
Inferred Arzu South (N) 70 4.0 70 280 4,900
Inferred Arzu South (S) 180 8.0 160 1,440 28,800
Inferred Arzu North 50 4.0 65 200 3,250
* Equivalent to 135,400 oz gold equivalent. The gold equivalent is
calculated on the basis of a 50:1 Ag:Au price ratio (this price ratio
fluctuates and is dependent on market conditions).
SRK considers there to be good potential to upgrade the Inferred
Mineral Resources to Indicated Mineral Resources at Arzu South by
additional drilling. In addition to this, the Arzu South vein system
has some potential to be extended at depth, and considerable potential
to be extended along strike. Depth extension drilling must now focus
on the potential down-plunge continuation of zones of high metal
accumulation.
Further, SRK considers there to be reasonable potential to define, by
further drilling, higher grade zones within other veins and to
delineate additional mineralised structures on the property, which have
not yet been found in outcrop due to field clearing.
In addition to undertaking further drilling, SRK has also recommended
an evaluation of options for the extraction of the current resource by
undertaking a scoping study. Some options that will be considered as
part of the scoping study include:
1) A low-cost heap leach on site;
2) A small-scale milling and gravity / cyanidation plant, ultimately
producing doron site;
3) A trucking operation delivering mineralised material or concentrate
to an operating gold mine for toll treatment or direct sale.
Kerim Sener, Managing Director, commented:
"This is the first independent resource statement published by the
Company and it confirms the potential of the Kiziltepe prospect. As
Arzu South is only one of several identified targets, we consider there
to be significant scope to further expand the resource."
"We are very encouraged by the results to date and further drilling is
planned to define the full potential of the prospect. We aim to
proceed with the recommendation of SRK to evaluate our production
options at Kiziltepe, and as a first step we have commenced formal test
work to define the metallurgical characteristics of the
mineralisation."
"The drilling results from our initial exploration programme have
produced positive results on a number of our prospects and we expect to
be in a position to increase our mineral resource base in due course."
Contacts:
Ariana Resources plc
Michael Spriggs, Executive Chairman Tel: 07887 998252
Kerim Sener, Managing Director Tel: 07709 011954
Beaumont Cornish Limited
Roland Cornish Tel: 020 7628 3396
Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888
Editors' note:
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 235km2 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
700m 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. Newmont 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 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 a dynamic exploration company focused on the discovery of
epithermal gold-silver and porphyry copper-gold deposits with
multi-million ounce potential within the Tethyan metallogenic belt of
Turkey. The Company has a portfolio of prospective licences covering
1,755km2, selected on the basis of its advanced in-house remote sensing
database.
The Company's flagship asset is the 235km2 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.
Ambrian Partners Limited and King & Shaxson Capital 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.
Ends
share trader
- 11 Jul 2007 15:15
- 74 of 87
share trader
- 19 Jul 2007 09:40
- 75 of 87
explosive
- 20 Jul 2007 10:23
- 76 of 87
Sounds like another latitude resources, doesn't matter what the grades are like if no-one is prepared to finance.
share trader
- 25 Jul 2007 23:30
- 77 of 87
share trader
- 10 Aug 2007 18:23
- 78 of 87
smiler o
- 24 Sep 2007 08:24
- 79 of 87
24 September 2007
AIM / PLUS Markets: AAU
INTERIM REPORT FOR SIX MONTHS TO 30 JUNE 2007
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, today released its interim
report for the six months ended June 30, 2007.
Highlights:
* 135,000 oz JORC resource established on Arzu South, Kiziltepe
prospect
* Exclusivity agreement on the 130,000 oz Tavsan gold project
* Successful drill-testing of the Kinik prospect
* Board restructured and enhanced
Post Period:
* Positive metallurgical results for Arzu South, Kiziltepe prospect
* Drilling recommenced at the Sindirgi gold project
* Acquisition of the Ardala Cu-Au porphyry prospect
* Shares admitted to PLUS markets, in addition to existing quote on
AIM
Michael Spriggs, Chairman, commented:
"Our strategy through a process of regional opportunity
identification and intelligent exploration, is to define resources
that can be developed rapidly into profitable gold mines in Turkey.
The objective is to achieve an aggregate resource of 1 million ozs of
gold (Au).
"With 135,000 oz Au equivalent defined to date at our flagship
Kiziltepe prospect and, with additional resource potential in the
vicinity, we expect before long to reach our baseline target of
250,000 oz Au. Phase Two drilling at the Kiziltepe prospect, coupled
with the possible purchase of the 130,000 oz Tavsan project, will
help establish the foundations of a viable resource base for the
Company.
"We are determined to capitalise on our 'first mover' advantage
through the establishment of an economic resource at Kiziltepe, from
which a small gold producing operation may be initiated. With this
in mind, the Company will pursue a formal scoping study for Kiziltepe
at the end of the year, from which our options for the development of
the prospect will be clarified."
For further information, please contact:
smiler o
- 25 Sep 2007 14:10
- 80 of 87
25 September 2007
AIM / PLUS Markets: AAU
PLACING TO RAISE 933,068
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration
company focused on Turkey, is pleased to announce the placing of
23,326,700 new Ordinary Shares of 1 pence each with certain
institutional and private investors ("the Placing") at a price of 4
pence per share, raising 933,068 before expenses. One Warrant is
issued for every three Ordinary Shares to subscribe for new ordinary
shares at a strike price of 8 pence with an exercise period of 3 years.
Dr. Kerim Sener, Managing Director, commented:
"The level of interest generated by the Placing was beyond expectation
with the fundraising well received by new institutional and private
investors. The Directors of the Company also supported the Placing.
"The additional funds will allow the Company to expand its drilling
programme and to increase its current JORC resource to the baseline
target of 250,000 oz Au. A formal scoping study will be carried out at
Kiziltepe to clarify the options for the development of a gold
producing operation.
"We welcome our new shareholders and look forward to keeping our
investors advised of the Company's progress as we move towards joining
the ranks of gold producers".
Details of Placing
The Placing was undertaken for 23,326,700 ordinary shares (the "Placing
Shares") of 1 pence each ("Ordinary Shares") at 4 pence per Ordinary
Share and up to 7,775,567 free warrants to subscribe for ordinary
shares at a strike price of 8 pence and at an exercise period of 3
years ("the Warrants"). One Warrant will be issued with every three
shares.
The Placing is conditional upon admission to trading on AIM of the new
Ordinary Shares. Application will be made to the London Stock Exchange
for the new Ordinary Shares to be issued pursuant to the Placing to be
admitted to trading on AIM. It is anticipated that Admission will
become effective and dealings will commence on Friday 28 September
2007. The new Ordinary Shares will rank pari passu, in all respects,
with the existing Ordinary Shares that are currently traded on AIM.
Following admission of these shares, there will be a total of
70,284,062 Ordinary Shares in issue. The warrants will not be listed.
All Directors of the Company participated in the Placing, following the
announcement of the Company's Interim Results on the 24 September 2007,
on the same terms as outlined above: the Directors and related parties
have acquired a total of 2,314,200 shares.
Following the Placing, the Directors' shareholdings are as follows:
+-------------------------------------------------------------------+
| | Placing | Shareholding | Percentage holding |
| | Shares | following | of issued shares |
| | | Placing | following Placing |
|---------------+-----------+--------------+------------------------|
| Kerim Sener * | 314,200 | 2,650,000 | 3.77% |
|---------------+-----------+--------------+------------------------|
| Michael | 1,000,000 | 1,083,333 | 1.54% |
| Etheridge | | | |
|---------------+-----------+--------------+------------------------|
| Michael | 125,000 | 237,500 | 0.33% |
| Spriggs | | | |
|---------------+-----------+--------------+------------------------|
| Michael de | 875,000 | 1,112,500 | 1.58% |
| Villiers | | | |
+-------------------------------------------------------------------+
* Kerim Sener's shareholding includes shares held by related parties.
smiler o
- 05 Oct 2007 16:29
- 81 of 87
5 October 2007
AIM / PLUS Markets: AAU
ARIANA RESOURCES plc
HOLDINGS IN COMPANY
Ariana Resources plc ("the Company"), the gold exploration company
focused on Turkey, announces that it received notification on 2nd
October 2007 that JP Morgan Asset Management (UK) Limited owns
3,238,462 Shares, representing a holding in the Company's enlarged
issued share capital following the Further Placing announced on the
27th September 2007 of 4.6%.
shoie
- 11 Dec 2007 21:02
- 82 of 87
Ariana Resources PLC said it is encouraged with the latest drilling results on the Arzu south vein at the Kiziltepe prospect.
Drilling is due to start up again in December, and the company expects to complete the drilling programme during the first quarter of 2008.
smiler o
- 11 Dec 2007 22:05
- 83 of 87
Sounds positive :)
smiler o
- 20 Dec 2007 11:14
- 84 of 87
19 December 2007
AIM / PLUS Markets: AAU
DRILLING AND RESULTS UPDATE
Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, announces additional results
from 14 Reverse Circulation (RC) drill holes completed on the Arzu
South Vein, at the Kiziltepe gold prospect. This provides
supplementary information to an announcement made earlier this month
and includes silver grades and unreported gold intersections.
Highlights
* New intersections include 10m at 6.3 g/t Au equiv. and 5m @ 20.1
g/t Au equiv.
* Peak grades over 1m intervals include 43.8 g/t Au and 1070 g/t Ag
* 2,500m of additional drilling to commence next week
Details of Programme
This release reports additional assay data for the 14 RC drill holes
reported on the 3rd December. The holes reported in that release
totalled 1,298m and were drilled to depths of between 60 and 135
metres along a 650m section of vein strike length. The new assay
data has been added to the original data table and the updated
intersections are given in Table 1 below. Three new mineralised
intersections have been added to the original table, the most notable
of which is 10m at 6.3 g/t Au equivalent.
A further programme of 2,500 m of drilling, devised in conjunction
with our consultants, SRK, is now scheduled to commence on the 25th
December 2007. This additional drilling will target the top 50m of
the current resource and is designed to drill-out the veins to 20m
lateral and vertical spacing. This spacing is designed to enable
estimation of a JORC-compliant resource in the Measured and Indicated
categories throughout the upper 75m of the vein system. This depth
will account for the mineralisation most likely to be accepted by an
open pit model and provide the geological control required in the
uppermost zone of the resource.
Dr. Kerim Sener, Managing Director, commented:
"These results build upon and confirm the positive results announced
earlier this month.
"The additional drilling due to commence next week will help to
determine the resource potential of the near surface mineralisation
at the Arzu Vein. We also intend to determine the optimal mining and
processing route for this relatively high-grade resource, which, due
to its proximity to surface, could be mined by open pit.
"We expect to complete the drill programme in early 2008 and to
revise the resource estimate in the second quarter."
smiler o
- 14 Jan 2008 13:26
- 85 of 87
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."
Andy
- 18 Jan 2008 11:03
- 86 of 87
Excellent article on AAU!
HERE
smiler o
- 18 Jan 2008 11:19
- 87 of 87
Thanks Andy, could be an interesting year & still think this Could be a good long term punt ! :)