Ariana Resources plc (AAU)
Ariana Resources plc (AUU) – Additional Drilling Results: Kiziltepe
Ariana Resources plc, the gold exploration and development company focused on Turkey, announces the results from 12 drill holes at Arzu North and 5 drill holes on Vein 4 at the Kiziltepe gold prospect. The results confirm that there is additional potential for an increase in the current JORC resource estimate to be derived from other veins at the Kiziltepe prospect.
Highlights
• Gold-equivalent intersections of 11.99 g/t over 6.1m, 5.04 g/t over 6.25m and 2.83g/t Au over 10.6m from Arzu North
• Gold-equivalent intersections of 6.22 g/t over 6.0m, 3.85 g/t over 8.7m and 5.79g/t Au over 3.0m from Vein 4
• Geophysical programme planned for early August ahead of further drilling
Dr. Kerim Sener, Managing Director, commented:
“These drilling results have helped to increase our understanding of the Kiziltepe prospect and its near-term potential. Confidence in our resource target of 250,000 oz from Kiziltepe and surrounding areas has increased with each new set of results. However, it is now clear that further drill-testing will be required in areas of cover and a new geophysical programme will be undertaken to define targets ahead of further drilling.
“These results will lead to us updating our existing resource model in July and will help in the development of our strategy to further increase the resource towards our stated target. We expect that drilling in 2008 will bring us even closer to this objective.”
For more information please go to: www.arianaresources.com