fletch61
- 02 Feb 2006 09:14
Take a look rns out today
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 :)