DRILLING TARGETS GENERATED AT KIZILCUKUR
4 August 2011
AIM / PLUS Markets: AAU
DRILLING TARGETS GENERATED AT KIZILCUKUR
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and
development company focused on Turkey, is pleased to announce that it has
defined multiple drilling targets on its newly acquired Kizilcukur Gold Prospect
in Western Turkey, following the conclusion of a successful geophysical
programme on the property.
Highlights:
* Geophysical programme completed over the Kizilcukur vein system demonstrates
continuity of potentially mineralised structures at depth and along strike
of areas previously drill tested.
* High priority drill targets defined on high resistivity anomalies including
a probable connecting structure at depth between the two highest-grade areas
of the Kizilcukur prospect.
* Drilling programme for the prospect is being planned to gain a further
understanding of the 2km of mineralised quartz veins containing high-grade
gold and silver.
* Previous surface sampling results include 152g/t gold and 1,320g/t silver
and several high-grade drill intercepts underpin the prospectivity of the
property.
Dr. Kerim Sener, Managing Director, commented:
"These results further underpin the prospectivity of the entire project area
which is contained within the Sindirgi Gold Corridor, a mineralised trend which
extends through our flagship Red Rabbit Gold Project. They also confirm the
continuity of potentially mineralised structures at depth and along strike of
areas previously drill tested at Kizilcukur and with additional exploration
work, we hope to establish a resource for the prospect. This resource may then
be integrated into Red Rabbit development, which will enhance the economic
fundamentals of the project, for which production is scheduled in late 2012.
"The exploration team is currently designing a drilling programme and relevant
permit applications are being completed. Â These results, along with those
obtained from the Kepez West and Karakavak prospects, will be remodelled in
three dimensions and assessed in parallel with previous exploration data. In
addition, relogging of all old diamond drill core (17 drill holes) from
Kizilcukur is being completed ahead of final drill hole planning."
Details of Geophysical Programme
The Kizilcukur prospect, located 21km from Kiziltepe (Figure 1) and at the
north-east end of the Sindirgi Gold Corridor, had previously not been explored
by geophysical methods. Â The programme was designed to determine the sub-surface
extent of the known vein outcrops and their connectivity, generate drill targets
and subsequently expand the resource for the wider Red Rabbit Gold Project,
which currently stands at 448,000 ounces of gold equivalent.
The programme was carried out over an area of 1km² and several mineralised veins
previously identified at surface were covered, in order to provide an internal
control on the geophysical methodology.
Figure 1: Overview map showing positions of satellite prospects and geophysics
lines in relation to the planned Kiziltepe mine locality. The Kizilcukur
prospect is located to the northeast of the Joint Venture licences held in the
vicinity of Kiziltepe.
Data was collected from 7 north-south oriented Induced Polarisation (IP) /
resistivity profiles, which were spaced 200m apart and cut across the known
trend of the veins at a high angle (total length surveyed is approx. 3.6km). A
pole-dipole array was used with a 30m electrode spacing, using a Zonge GGT-3
transmitter and a Scintrex IPR-12 receiver operating in the time domain.
The results of the survey identify several high resistivity zonations (250-700
ohm.m) starting from surface or shallow levels and extending to depth. There
are few definitive chargeability anomalies, however some high resistivity zones
are accompanied by weak to moderate chargeability values.
In the northwest of the programme area, a large resistivity anomaly is observed
at depth, which is likely to connect with veins previously mapped to the NW and
SE of this location (Figure 2). Â Towards the centre of the area, a steep, high
angle resistivity anomaly shows that there is a high probability of a connecting
vein at depth between the two highest grade areas of the Kizilcukur prospect.
 This is an important drill target.
Further interpretation of the geophysical data in parallel with geological and
geochemical datasets will be undertaken while planning a new drilling programme.
Figure 2: Example cross-section of resistivity data from the Kizilcukur
prospect. Three recommended drilling targets are identified on this section,
which relate primarily to higher resistivity features that may be indicative of
vein systems.
Contacts:
Ariana Resources plc Tel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
Fairfax I.S. PLC Tel: +44 (0) 20 7598 5368
Ewan Leggat / Laura Littley
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Hugo de Salis / Susie Geliher
Editors' note:
Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of Ariana
Resources plc. A graduate of the University of Southampton in Geology, he also
holds a Master's degree from the Royal School of Mines (Imperial College,
London) in Mineral Exploration and a doctorate from the University of Western
Australia. He is a Fellow of The Geological Society of London and has worked in
geological research and mineral consultancy in Southern Africa and Australia.
 He has read and approved the technical disclosure in this regulatory
announcement.
About Ariana Resources
Ariana is an exploration and development company focused on epithermal gold-
silver and porphyry copper-gold deposits in Turkey. The Company is developing a
portfolio of prospective licences selected on the basis of its in-house
geological and remote-sensing database, on its own in western Turkey and in
Joint Venture with European Goldfields Limited in north-eastern Turkey.
European Goldfields owns 51% of this joint venture and, as the operator, is
fully funding all exploration work on the JV properties until delivery of a
feasibility study.
The Company's flagship assets are its Sindirgi and Tavsan gold projects which
form the Red Rabbit Gold Project. Both contain a series of prospects, within
two prolific mineralised districts in the Western Anatolian Volcanic and
Extensional (WAVE) Province in western Turkey. This Province hosts the largest
operating gold mines in Turkey and remains highly prospective for new porphyry
and epithermal deposits. These core projects, which are separated by a distance
of 75km, are presently being assessed as to their economic merits and now form
part of a Joint Venture with Proccea Construction Co. The total resource
inventory of the Company stands at 448,000 ounces of gold equivalent.
Ariana also has a strategic investment in Tigris Resources Limited
(www.tigrisresources.com), a private Jersey-based exploration company, which is
focused on the exploration of copper and gold deposits in southeastern Turkey.
Ariana retains 15% of Tigris Resources Limited.
 Fairfax I.S. PLC are 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
Drilling Targets Generated at Kizilcukur:
http://hugin.info/138153/R/1536053/468551.pdf
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Source: Ariana Resources plc via Thomson Reuters ONE
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