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| | April 21, 2010
ARIANA RESOURCES AT MASTER INVESTOR 2010
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| | 21 April 2010
AIM / PLUS Markets: AAU
ARIANA RESOURCES AT MASTER INVESTOR 2010
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey will be exhibiting at this year's Master Investor Show, held at the Business Design Centre in Islington on 24th April. Ariana Resources will join more than 100 quoted companies at the event, which attracts over 2,000 high net worth private investors and industry professionals.
Ariana Resources will be sharing with investors the story of the Company, from grass roots exploration to a fully-fledged exploration and gold development company within only 5 years of listing on AIM. In 2009 the Company completed its first gold pour having produced 387 oz of gold from trial mining. The company is now set to make the all important transition from exploration to mine development and is in the final stages of a joint venture agreement with Turkey's mining industry leader; Proccea Construction Co.
Dr. Kerim Sener, Managing Director, commented:
"We aim to deliver shareholder value through a duel strategy of developing a profitable mining operation and resource expansion through exploration. Our strong in country expertise along with our track record of consistent delivery against targets will enable us to achieve further value through acquisitions and strategic partnerships in Turkey. We have our sights set on targeting the discovery of a multi-million ounce gold deposit in Turkey."
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:
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.
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