GEOPHYSICAL RESULTS ON RED RABBIT

28 July 2011
AIM / PLUS Markets: AAU


                       GEOPHYSICAL RESULTS ON RED RABBIT

Ariana  Resources  plc  ("Ariana"  or  "the  Company"), the gold exploration and
development  company focused on Turkey, is  pleased to announce positive results
from  a comprehensive geophysical programme completed across satellite prospects
at  the Kiziltepe Sector of its Red Rabbit Gold Project in western Turkey.  This
programme  of work was  designed to establish  continuity of vein systems, using
geophysical  techniques (IP/resistivity) that are particularly effective in this
environment.

Highlights:

  * Extensive geophysical programme carried out over the Kepez West and
    Karakavak prospects

  * Results of programme indicate numerous high priority drill targets, located
    on several linear high chargeability and resistivity anomalies

  * Large high resistivity and chargeability anomalies identified at the Kepez
    West prospect indicate a probable sulphide-rich zone that lies near to
    surface

  * Two main gold-bearing quartz veins at the Karakavak prospect are connected
    by a sub-surface structure which provides a total of 1.7km of untested
    strike length

  * Drill targets to be refined and drill programme planning underway



Dr. Kerim Sener, Managing Director, commented:

"Due  to  the  positive  results  obtained  from  earlier geophysical programmes
undertaken  at  Kiziltepe,  we  have  now  completed programmes at the satellite
prospect  areas of Kepez West and Karakavak.  Results from these programmes have
indicated  numerous chargeability and resistivity anomalies, which we understand
to  represent near surface, mineralised quartz veins and related alteration.  It
is  our aim to  further expand the  Kiziltepe resource base  by following up and
drilling these new targets over the next year."

Details of Geophysical Programme

The  geophysical programme was undertaken over  two prospects located within the
Sindirgi  Gold Corridor, a  north-east trending mineralised  zone extending from
the  Kiziltepe  prospect  in  the  southwest  to  the Kizilcukur prospect in the
northeast.   The geophysical results  reported here are  from the Kepez West and
Karakavak prospects which are 5 and 8km away respectively from Kiziltepe (Figure
1).  The  geophysical programme was carried out  over these two areas, totalling
approx.  5km².  Several mineralised veins previously  identified at surface were
covered  by  the  programme,  in  order  to  provide  an internal control on the
geophysical methodology.

Data  was  collected  from  9 north-south  oriented  Induced Polarisation (IP) /
resistivity  profiles,  which  were  spaced  400m apart and designed to coincide
directly  with  existing  geochemical  data  lines where available (total length
surveyed is approx. 15.7km).   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.


Figure  1: Overview map showing positions  of satellite prospects and geophysics
lines  in relation to the planned Kiziltepe mine locality.  Note the location of
the  Kizilcukur prospect relative to the  Joint Venture licences in the vicinity
of Kiziltepe.

Initial  results show several high  chargeability and high resistivity anomalies
identified  in the  two-dimensional inversion  models, which  are interpreted to
coincide with mineralised vein systems and their related alteration.  Zones with
resistivities  greater than  150 Ohm.m and  chargeabilities greater than 12mV/V
were  identified  as  explicit  high  resistivity  and  chargeability  anomalies
respectively.

At  Kepez West, in situ outcrop is  limited due to centuries of agricultural re-
working of the rock outcrops.  Surface gold grades from quartz float and subcrop
are  encouraging (approx.  10 g/t Au  in places)  and analysis  of these and the
local  geology  suggest  that  there  are  several obscured vein systems in this
location.   The  results  of  the  geophysical  programme  show  a series of E-W
trending resistivity anomalies, which are likely to represent mineralised quartz
veins.   The high resistivity areas coincide  with low chargeability to the west
and  high  chargeability  to  the  east,  suggesting  a  substantial increase in
disseminated sulphide minerals to the east.

At  Karakavak, high  resistivity and  chargeability anomalies  in the ophiolitic
host  rock  to  the  northwest  indicate  a probable sulphide-rich and partially
silicified  body that lies near to surface.  Several narrow and high resistivity
areas  in the centre  of the programme  area suggest that  two main gold-bearing
quartz  veins at  the prospect,  Vein 11 and  Vein 12, are  connected by  a sub-
surface  structure which may  be mineralised (Figure  2).  This is reinforced by
previous  mapping of  surface float  in the  region, and  will be confirmed by a
drilling  programme.  Connecting  Vein 11 and  12 with a  sub-surface vein would
provide  a total of 1.7km of mineralised strike-length.  Small trial pits opened
over Vein 12 have confirmed its surface width and grade satisfactorily.

Further  interpretation of the geophysical data  in parallel with geological and
geochemical datasets will be undertaken while planning a new drilling programme,
to ensure that robust exploration criteria have been established.

Figure   2: Example   cross-section  of  resistivity  data  from  the  Karakavak
prospect.   Among several obvious resistivity  features, note the probable high-
angle buried vein target at ca. 1000m along the profile.


Contacts:

 Ariana Resources plc              Tel: [phone]

 Michael Spriggs, Chairman

 Kerim Sener, Managing Director



 Beaumont Cornish Limited          Tel: [phone]

 Roland Cornish / Felicity Geidt



 Fairfax I.S. PLC                  Tel: [phone]

 Ewan Leggat / Laura Littley



 St Brides Media & Finance Ltd     Tel: [phone]

 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




Geophysical Results on Red Rabbit: 


http://hugin.info/138153/R/1534034/467437.pdf




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