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| | November 10, 2009
TRENCH RESULTS AT THE SALINBAS PROSPECT
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| | TRENCH RESULTS AT THE SALINBAS PROSPECT
Ariana Resources plc ("the Company"), the gold exploration and development company focused on Turkey, announces, is pleased to announce the results of trenching undertaken on the Salinbas prospect which is part of the Ardala mineralised system.
Highlights
• 33m at 9.6 g/t Au and 46m at 8.3 g/t Au
• Further potential along strike and at depth
• Drilling underway
Dr. Kerim Sener, Managing Director, commented:
"The results of the initial trenches undertaken on the Salinbas prospect highlight the potential of the broader Ardala mineral system to yield multiple zones of high-grade mineralisation located along discrete structural corridors which had been overlooked by previous explorers. The Joint Venture team has been successful in identifying these zones and in conducting a rapid and successful programme of follow-up. We now look forward to the results of our drilling programme."
Details of Programme
On the Ardala Project, mapping and sampling has confirmed that porphyry mineralisation continues to the south of the previously recognised outcrops, and this additional extension increases the size potential of the Ardala porphyry system.
A high-grade gold zone has also been identified at Salinbas, located some 3km to the southwest of the Ardala porphyry. Trenching at Salinbas has returned the following bedrock intercepts over a 360m strike length with mineralisation open to the south and at depth:
Trench Number Intercept (m) Grade (g/t Au)
1 26 5.4
2 6 2.8
3 46 8.3
4 6 2.8
5 14 7.3
And 33 9.6
6 9 4.3
Drilling of the trenched zone and at Ardala South is currently underway and results of these programmes are pending. Further information is provided in a parallel announcement by our Joint Venture partners, European Goldfields Limited.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
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:
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 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. Both projects 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. 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.
Ends |
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| | You can view the Next News Releases* item: Thu Dec 17, 2009, RED RABBIT JV UPDATE
You can view the Previous News Releases* item: Tue Oct 27, 2009, JOINT VENTURE TO DEVELOP SINDIRGI AND TAVSAN
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