Geophysical Results: New Exploration Targets at...
25th March 2010
AIM / PLUS Markets: AAU
GEOPHYSICAL RESULTS: NEW EXPLORATION TARGETS AT KIZILTEPE
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and
development company focused on Turkey is pleased to announce the results of a
geophysical programme undertaken on the Kiziltepe Gold Prospect. Â The programme
has successfully confirmed the presence of several potential vein systems in the
northern half of the prospect area.
Highlights
* Several resistivity and chargeability anomalies, which may coincide with
buried vein systems, located to the northeast of the Arzu South vein.
* One significant new anomaly coincides directly with an area of extensive
quartz vein float from which grades of up to 21.1 g/t Au have been
recorded.
* Significant additional exploration upside defined on the prospect.
* Exploratory drilling programme to commence within days.
Dr. Kerim Sener, Managing Director, commented:
"These geophysical results coupled with systematic sampling have demonstrated
the potential for further significant veins to be discovered at the Kiziltepe
prospect. Â These geophysical anomalies will be targeted by exploration drilling.
 The first phase of this drilling is due to commence over the weekend (27/28
March) and its aim will be to confirm the presence of these buried vein systems
or their associated alteration. Â There is clear potential at the prospect to
increase the current mineral resource and to further enhance the economics of
the project."
Geophysical Programme
The geophysical programme described here was undertaken over a 2km2 area
covering the northern half of the Kiziltepe vein field in an area where no veins
appear in surface outcrop. Â Detailed mapping of the area had previously
identified the potential for buried vein systems and sampling of one area of
extensive quartz sub-crop outlined grades of up to 21.1 g/t Au in composite
rock-chip sampling of float material.
Data was collected from nine northeast-southwest oriented Induced Polarisation
(IP) / resistivity profiles, which were spaced 180-230m apart and designed to
coincide directly with existing geochemical data lines (total length surveyed is
approx. 12km). Â A pole-dipole array was used with 30m or 60m electrode spacing,
using a Zonge GGT-3 transmitter and a Scintrex IPR-12 receiver operating in the
time domain.
Several high chargeability and high resistivity anomalies were identified in the
two-dimensional inversion models, which are interpreted to coincide with zones
containing vein systems and their related alteration. Â Zones with resistivities
greater than 150 Ohm.m, in places coinciding with chargeabilities less than
10mV/V, were identified as significant anomalies.
In plan, the distribution of the anomalies is broadly coincident along three
distinct trends; one in the immediate vicinity of Arzu South (possibly
representing a splay), another directly beneath a hill which conceals part of
the Arzu structure and one in the vicinity of the Vein 5 structure. Â These
trends possibly represent new vein systems at depth, which must be tested by
drilling. Â An initial programme of drilling comprising several short test holes
will be focused on certain of these areas. Â No more than 1,000m of drilling is
envisaged for this initial programme.
Please see the link at the end of this announcement for Figure 1 showing an
inverse model resistivity (top) and chargeability (bottom) profiles on Line 2
viewed looking to the northeast. Â Towards the left-hand side of the sections a
resistive body is identified which possibly represents a north-south trending
splay off the Arzu South structure. Â Approximately midway along the section
(just to the left of the 480 mark) is a distinct resistive body which
corresponds directly with the area of quartz vein float from which several
highly anomalous results were obtained in rock-chip sampling. Â Towards the
right-hand side (near the 960 mark) a resistive body is coincident with a
discrete high chargeability anomaly and this does not correspond to any known
vein system and represents a new target area for drilling.
Contacts:
Ariana Resources plc
Michael Spriggs, Chairman Tel: 020 7407 3616
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Alexander David Securities Limited Tel: 020 7448 9820
Nick Bealer / David Scott
Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas
Editors' note:
Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of Ariana
Resources plc. Â 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. Â 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. Â The Company is
exploring 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.
The Company's flagship assets are its Sindirgi and Tavsan gold projects. Â Both
projects contain a series of prospects, within two prolific mineralised
districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in
western Turkey. Â This Province hosts the largest operating gold mines in Turkey
and remains highly prospective for new porphyry and epithermal deposits. Â These
core projects, which are separated by a distance of 75km, are presently being
assessed as to their economic merits. Â The total resource inventory of the
Company stands at 401,000 ounces of gold equivalent.
Loeb Aron & Company Ltd. and Alexander David Securities 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 <
http://www.arianaresources.com/>.
Ends
[HUG#1397397]
Figure 1:
http://hugin.info/138153/R/1397397/353302.pdf
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