Acquisition of Prospect

Ariana Resources PLC 11 July 2007 11 July 2007 AIM: AAU ACQUISITION OF COPPER-GOLD PROSPECT: EASTERN TURKEY Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company focused on Turkey, is pleased to announce the acquisition of the Ardala Cu-Au Prospect in the Artvin area of north-eastern Turkey. The acquisition enhances the portfolio of licences held in eastern Turkey and provides a focus for further exploration in the region. Highlights •Well-developed porphyry Cu-Au (Mo) system with potential for extension •Other targets, including gold-bearing skarns, are also present •Ariana undertaking exploration to identify extensions to the porphyry system About the Ardala Prospect The Ardala Prospect is located in the Pontide Metallogenic Province of Turkey and lies approximately 80km southeast of the coastal city of Hopa and 20km east of Artvin. The prospect is confined within a single exploration licence which has been transferred to our operating subsidiary in Turkey (Galata Madencilik San. ve Tic. Ltd. Sti.). Ariana will make advance royalty payments of US$ 7,000 per annum to the previous owner, for as long as it holds the licence, in addition to which a 1.5% NSR will be payable in the event that the project enters production. The Ardala Prospect hosts a porphyry copper-gold (plus molybdenum) mineralised system associated with a series of nested quartz-diorite intrusions of Eocene age within an Upper Cretaceous volcano-sedimentary sequence. Previous geological mapping, soil, rock-chip and drill sample data, and a ground magnetic survey outlined the mineralised porphyry. At surface, exposed parts of the porphyry have dimensions of 600 x 700m and interpretation of magnetic data suggests further lateral continuity beneath limestone units (Figure 1). Reports and research studies on the Ardala Prospect indicate that 13 holes were drilled into part of the mineralised system in the early 1990's, and one of these (a PhD thesis) states that the drilled area contains '20Mt at an average grade of 0.25 % Cu, 0.45 g/t Au and 65 ppm Mo'. More specific information and potentially the drill core are being located. To date no formal mineral resource estimate has been undertaken to JORC standard. Previous exploration also focused specifically on the mineralised intrusions, while surrounding gold-bearing skarns (peak grade 5.16 g/t Au and 0.2% Cu in rock-chips) remain undrilled. Ariana Exploration Programme A field team from Ariana's operating subsidiary has already started a programme of detailed mapping and systematic rock-chip sampling, initially focused over zones of mineralisation and alteration defined during earlier exploration. New drill targets will be defined in advance of a potential drilling programme scheduled to begin in north eastern Turkey in 2008. Kerim Sener, Managing Director, commented: 'Based on a review of available technical data and on the dimensions of the alteration system, the Ardala Prospect shows potential to host around 100 million tonnes of mineralised rock. Numerous old workings in the vicinity indicate that the system contains several higher-grade zones of mineralisation, which remain to be tested.' 'This acquisition enhances our ground holding in the most prospective zone of the north-eastern Turkey porphyry belt. We are in discussions with a number of potential joint venture partners to help advance these projects, enabling Ariana to participate in their success without detracting from our resource development strategy in western Turkey.' Contacts: Ariana Resources plc Michael Spriggs, Executive Chairman Kerim Sener, Managing Director Tel: 0207 407 3616 info@arianaresources.com Beaumont Cornish Limited Tel: 0207 628 3396 Roland Cornish Bankside Consultants Michael Padley / Louise Davis Tel: 0207 367 8888 Editors' note: About Ariana Resources Ariana is a dynamic exploration company focused on the discovery and development of epithermal gold-silver and porphyry copper-gold deposits with multi-million ounce potential within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of prospective licences covering 1,820km2, selected on the basis of its advanced in-house remote sensing database. The Company's flagship asset is the 235km2 Sindirgi Gold Project, which targets a series of prospects, within a prolific mineralised district in western Turkey. The project hosts over 45km of gold-silver bearing epithermal quartz veins. Ambrian Partners Limited and King & Shaxson Capital Limited are joint 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 This information is provided by RNS The company news service from the London Stock Exchange WSEIW
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