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NEW GOLD PLAY (AAU)     

fletch61 - 02 Feb 2006 09:14

Take a look rns out today

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 ! :)
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