Take a look rns out today

Down this morning on turnover of 131,000. AAU Bid: 6.5p Offer: 7.5p Change: -1.75

What on earth is wrong with this stock? Mkt cap 3 mil and dropping . . . .

Has to be in bargain territory at the moment, but what what it take to lift it again?

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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

News, click HERE

More NEWS, click HERE

Sounds like another latitude resources, doesn't matter what the grades are like if no-one is prepared to finance.

Comment HERE

news, HERE

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:

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.

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%.

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.

Sounds positive :)

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."

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."

Excellent article on AAU!

HERE

Thanks Andy, could be an interesting year & still think this Could be a good long term punt ! :)