Ariana Resources PLC
25 April 2006
FOR IMMEDIATE RELEASE 25 April 2006
ARIANA RESOURCES PLC
WIDE GOLD ZONE CONFIRMED AT KIZILTEPE PROSPECT
Ariana Resources plc ('Ariana' or 'the Company'; stock code AAU), the AIM-listed
gold exploration company focused exclusively on Turkey, announces further
confirmation of a potential bulk tonnage gold target at its Kiziltepe Prospect
within Ariana's 100% owned Sindirgi Project in western Turkey.
Highlights:
•Systematic rock chip sampling further defines potential bulk tonnage gold
target
•Stockwork style mineralisation across an area of at least 650m by 250m
•Peak rock chip sample of 16.2 g/t Au from outcropping vein
Bulk tonnage target, Kiziltepe Prospect
In March 2006, a field team from Ariana's Turkish operating subsidiary, Galata
Madencilik San. ve Tic. Ltd. Sti. ('Galata') completed a programme of systematic
rock chip sampling across a large (1km x 0.3km) gold in soil anomaly (as defined
by a 0.1 g/t Au contour) at Kiziltepe. 84 samples were collected on a regular
50m x 50m grid covering an area of 250m x 650m and assay results confirm the
presence of a wide zone of stockwork style mineralisation. Peak grades from this
survey include 7.05 g/t Au and 16.2 g/t Au from samples coinciding with vein
material. The rock chip sampling grid will be extended and followed by a
programme of systematic trenching and drilling to test the potential for a bulk
tonnage mining operation.
As part of the same field programme, trenching and rock saw channel sampling on
the recently discovered Aybor Vein at Kiziltepe has returned a best intersect of
2.45 g/t Au over 9.5m from 3 initial trenches.
Steven Poulton, Chief Executive, commented:
'Although work by Ariana and previous operators has focused on only a small
percentage of the 20km vein system which outcrops at the Kiziltepe prospect,
results to date have been highly encouraging. The potential for a bulk tonnage
style stockwork gold deposit at Kiziltepe is now also being defined and drill
testing will be undertaken by Ariana following a programme of systematic
trenching to bedrock. In the meantime our field team continues to discover new
target areas across this highly prospective licence area'.
Contacts:
Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511767
Mobile: 07974 086712
s.j.poulton@arianaresources.com
Bankside Consultants
Michael Padley/Susan Scott Tel: 020 7367 8888
Editors' note:
About the Sindirgi Gold Project
The Sindirgi gold project covers an area of 224 km2 in Balikesir Province,
western Turkey. To date at least five target areas have been defined by Ariana,
which include the prospects of Kiziltepe, Kepez, Karaduz, Kavakliduz and
Kizilcukur. Previous operators have defined over 45km of low sulphidation quartz
veins on the project. Sindirgi lies approximately 100km east of the one million
ounce vein-hosted Ovacik gold mine and 115km northwest of the five million ounce
Kisladag gold mine. Ariana acquired the Sindirgi Gold Project from Newmont
Mining Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Newmont retains
the right to a royalty of up to 2.5% on future gold production from the Sindirgi
gold project.
About the Kiziltepe Prospect
The Kiziltepe prospect lies within a 36km2 ten-year renewable operating licence
within the Sindirgi gold project which also contains the Kepez Prospect.
Kiziltepe hosts over 19km in strike length of gold-silver bearing
low-sulphidation epithermal quartz veins across an area of at least 3km by 1km.
Individual veins are exposed for up to 700m and widths vary between 1m and 14m.
The main veins trend NW, dip to the northeast and are hosted within Miocene age
andesitic volcanic rocks. The majority of exploration work to date at Kiziltepe
has focused on the Arzu vein, where results from drilling by previous owners
include intersections of 7.23 g/t over 10m and 10.55 g/t over 7.5m. Recent
channel sampling by Ariana (previously reported in November 2005) returned a
best intersect of 6.29 g/t Au over 13.5m.
Sampling and Assaying Procedures
The Kiziltepe programme consisted of the collection of 84 rock chip samples. Of
these 52 samples returned grades less than 0.25 g/t Au (62% of the total), 21
samples between 0.25-1 g/t Au (25% of total), 9 between 1-5 g/t Au (11% of
total) and 2 samples assayed above 5 g/t Au (2% of total), with a peak grade of
16.2 g/t Au.
All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed by fire assay at the ALS Chemex laboratory in Vancouver. Re-assaying
of all samples assaying greater than 10 g/t gold has also been completed by ALS
Chemex. Regular standard and blank samples are being used in the sample sequence
in line with the Company's quality control procedures.
Matthew Grainger, BSc (Hons), MSc, is Ariana's Operations Director. A graduate
of Anglia Polytechnic University in Earth Science, he also holds a Master's
degree from the Camborne School of Mines in Mining Geology. He is a Fellow of
the Geological Society of London and has worked in mineral exploration and
project development in Europe. He has read and approved the technical disclosure
in this regulatory announcement.
About Ariana Resources
Ariana is a technology-driven exploration company focused on the discovery of
multi-million ounce potential epithermal gold-silver and porphyry copper-gold
deposits within the Tethyan metallogenic belt of Turkey. The Company has a
portfolio of prospective licences covering approximately 1,000km2, selected on
the basis of its advanced in-house remote sensing database. Ariana's broker is
Ambrian Partners Limited 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
This information is provided by RNS
The company news service from the London Stock Exchange
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