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/

"

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]