Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.
  • Page:
  • 1
  • ...
  • 3
  • 4
  • 5

NEW GOLD PLAY (AAU)     

fletch61 - 02 Feb 2006 09:14

Take a look rns out today

shoie - 11 Dec 2007 21:02 - 82 of 87

Ariana Resources PLC said it is encouraged with the latest drilling results on the Arzu south vein at the Kiziltepe prospect.
Drilling is due to start up again in December, and the company expects to complete the drilling programme during the first quarter of 2008.



smiler o - 11 Dec 2007 22:05 - 83 of 87

Sounds positive :)

smiler o - 20 Dec 2007 11:14 - 84 of 87

19 December 2007
AIM / PLUS Markets: AAU

DRILLING AND RESULTS UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, announces additional results
from 14 Reverse Circulation (RC) drill holes completed on the Arzu
South Vein, at the Kiziltepe gold prospect. This provides
supplementary information to an announcement made earlier this month
and includes silver grades and unreported gold intersections.

Highlights


* New intersections include 10m at 6.3 g/t Au equiv. and 5m @ 20.1
g/t Au equiv.



* Peak grades over 1m intervals include 43.8 g/t Au and 1070 g/t Ag



* 2,500m of additional drilling to commence next week


Details of Programme

This release reports additional assay data for the 14 RC drill holes
reported on the 3rd December. The holes reported in that release
totalled 1,298m and were drilled to depths of between 60 and 135
metres along a 650m section of vein strike length. The new assay
data has been added to the original data table and the updated
intersections are given in Table 1 below. Three new mineralised
intersections have been added to the original table, the most notable
of which is 10m at 6.3 g/t Au equivalent.

A further programme of 2,500 m of drilling, devised in conjunction
with our consultants, SRK, is now scheduled to commence on the 25th
December 2007. This additional drilling will target the top 50m of
the current resource and is designed to drill-out the veins to 20m
lateral and vertical spacing. This spacing is designed to enable
estimation of a JORC-compliant resource in the Measured and Indicated
categories throughout the upper 75m of the vein system. This depth
will account for the mineralisation most likely to be accepted by an
open pit model and provide the geological control required in the
uppermost zone of the resource.

Dr. Kerim Sener, Managing Director, commented:

"These results build upon and confirm the positive results announced
earlier this month.

"The additional drilling due to commence next week will help to
determine the resource potential of the near surface mineralisation
at the Arzu Vein. We also intend to determine the optimal mining and
processing route for this relatively high-grade resource, which, due
to its proximity to surface, could be mined by open pit.

"We expect to complete the drill programme in early 2008 and to
revise the resource estimate in the second quarter."


smiler o - 14 Jan 2008 13:26 - 85 of 87

KIZILTEPE DRILLING AND BUSINESS UPDATE

Ariana Resources plc ("Ariana" or "the Company"), the gold
exploration company focused on Turkey, is pleased to announce that
the new drilling programme at Kiziltepe on the Arzu South and North
veins has commenced and is expected to be concluded by March 2008.

Highlights


* New drilling programme underway at Kiziltepe



* Diamond drill-rig ordered; in-house drilling team to be
established



* Opportunity search and new exploration underway



Drilling Programme

A 2,500m diamond drilling programme has commenced on schedule at the
Kiziltepe prospect. This additional programme is part of the
resource definition work, which began in September 2007, and follows
on from our successful RC-drilling programme at Kiziltepe late last
year. The aim of this programme is to provide greater confidence in
the mineral resource estimate to 50m vertical depth, as this portion
of the resource is most likely accessible by open-pit.

A summary of the main drilling intersections reported previously for
the Arzu South Vein at the Kiziltepe prospect are listed in the
appendix below.

Other Activities

Ariana's operating subsidiary, Galata Madencilik San. ve Tic. Ltd.,
has recently concluded an agreement to purchase a diamond drilling
rig for delivery to Turkey in May 2008. In conjunction with this,
the Company is in the process of establishing its own drilling and
geological evaluation team. The in-house drilling team will allow
the Company to drill at any time of the year and will provide
increased flexibility to test new targets on Ariana's own projects or
those of potential joint venture partners. The drilling rig will
provide pay-back within one year, based on our planned drilling for
2008.

Following a complete desk-review of exploration opportunities in
Turkey, a new exploration programme is to commence in the Spring to
further develop the pipeline of drill-ready exploration
opportunities. The new drill-rig will be utilised to systematically
test the existing prospects and any new drill targets that are
identified and secured following the desk-review.

Dr. Kerim Sener, Managing Director, commented:

"Results from previously reported drill intersections, such as 8.9m
at 10.7 g/t and 6.6m at 15.5 g/t gold equivalent, underpin our
confidence in the Kiziltepe vein system to provide a near-surface,
high-grade gold-silver resource, which may be mined by open-pit.

"The results from the ongoing drilling programme at the Kiziltepe
prospect continue to confirm our expectation that the Sindirgi
Project will yield an economic gold resource, and the current
drilling programme has been designed to increase our confidence in
the top 50m of the deposit. This data will allow us to develop a
robust open pit model.

"An in-house drilling team will enable us to grow the Company through
further resource definition work at the Sindirgi Project as well as
at other sites of interest.

"2008 promises to be an important year for the Company's progress
towards becoming a gold producer in Turkey."

Andy - 18 Jan 2008 11:03 - 86 of 87

Excellent article on AAU!

HERE

smiler o - 18 Jan 2008 11:19 - 87 of 87

Thanks Andy, could be an interesting year & still think this Could be a good long term punt ! :)
  • Page:
  • 1
  • ...
  • 3
  • 4
  • 5
Register now or login to post to this thread.