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NEW GOLD PLAY (AAU)     

fletch61 - 02 Feb 2006 09:14

Take a look rns out today

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 - 11 Dec 2006 10:21 - 44 of 87

More good news, as ever, although not quite as outstanding as the Sindirgi prospect; Nickel could be good, though. Can't wait for the drill results from Kiz.

soul traders - 12 Dec 2006 12:23 - 45 of 87

I wonder if Ambrian as house broker is going to start adding AAU to its Golden Prospect Precious Metals fund, which is looking to buy stakes in lots of prospecting companies.

Maybe after the Kiz drilling results, which should lead to a JORC resources estimate (and hopefully put wings on the SP!).

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 - 22 Dec 2006 20:50 - 47 of 87

Not sure why the SP is sliding, uneless it has to do with the fact that no second drilling update has yet been forthcoming.

Bargain territory IMO: AAU Bid: 9p Offer: 10.5p Change: -0.75

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

soul traders - 08 Jan 2007 23:19 - 49 of 87

Posted on the Dark Side:



DaveTheChef - 8 Jan'07 - 16:12 - 138 of 138


Quite a nice positive write-up in the Independent today, forecasting today's results. Also mentions results on the other two projects should come before the end of March, aswell as a resource document giving preliminary indication of how much gold it might be sitting on. Sounds good.

soul traders - 15 Jan 2007 11:10 - 50 of 87

AAU has been added to the "Prospector" watchlist in Shares Magazine; Shares has been impressed by the consistency of positive newsflow.

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

soul traders - 16 Jan 2007 08:53 - 52 of 87

Yet more good news - thanks for posting, Smiler.

Good to hear that AAU has the ability and the equipment to test-drill more than one location at a time.

One hopes that, as with other prospects, the gold content will increase with depth.

soul traders - 16 Jan 2007 08:53 - 53 of 87

AAU Bid: 10.5p Offer: 12p Change: 0.5

soul traders - 07 Feb 2007 10:13 - 54 of 87

I'm amazed at how soggy the shre price is at the moment. Drifting downwards for no apparent reason; meantime the news keeps getting better.

AAU Bid: 9p Offer: 9.5p Change: -1

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!

soul traders - 07 Feb 2007 10:55 - 56 of 87

Smiler, the low SP is giving me an itchy trigger finger too, but I am not very liquid at the moment, plus I really would like to purchase something that's actually moving in the right direction for once, in contrast to my usual wait-and-see strategy.

Am waiting for the IPO of a Chinese petro-chemical called Haike, due in the next week or so, to see what that does.

smiler o - 07 Feb 2007 11:12 - 57 of 87

ST, sounds promising


soul traders - 07 Feb 2007 11:12 - 58 of 87

Thanks, Smiler, have posted this on my new HAIK thread!

smiler o - 07 Feb 2007 12:08 - 59 of 87

ST, I see a few buys !! and a tic up :)

soul traders - 07 Feb 2007 14:15 - 60 of 87

Smiler, it's nice to see that. My broker's quote says we're back to no change for the day.

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.

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