Ariana Resources plc, the gold exploration company focused on Turkey, announces its unaudited half-yearly results for the six months ended 30 June 2008.
Joint Venture initiated with European Goldfields Limited
David Reading, CEO of European Goldfields, joins the Board
326,000 oz Au equivalent in JORC resources
In-house drilling team established
Dr. Kerim Sener, Managing Director, commented:
“It has been another six months of solid progress for the Company. Our efforts have resulted in a JORC resource of over 326,000 oz gold equivalent and it is clear that the potential to delineate more ounces continues to improve. In north-eastern Turkey the JV team is actively exploring a highly prospective area for which we have high hopes. We have exceeded our initial resource target at the Kiziltepe prospect, with over 186,000 oz Au equivalent defined to date."