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Arzu South Resource Drilling: Kiziltepe Prospect
Arzu South Resource Drilling: Kiziltepe Prospect.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n9 April 2008\nAIM / PLUS Markets: AAU\n\n ARZU SOUTH RESOURCE DRILLING: KIZILTEPE PROSPECT\n\n Positive results to be incorporated in revised resource estimate\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold\nexploration and development company focused on Turkey, announces the\nresults from 31 diamond drill holes completed on the Arzu South Vein\nat the Kiziltepe gold prospect. This drilling was undertaken along\n650m of strike of the Arzu South vein system and in-filled drilling\nundertaken in 2006 and 2007. The new results are consistent with\nthose contained in the existing defined mineral resource and will\nhelp to establish a revised Joint Ore Reserves Committee (JORC)\nestimate for the upper portion of the vein.\n\nHighlights\n\n\n * Intersections of 6.9m at 23.25 g/t Au equiv., 7.3m @ 11.99 g/t Au\n equiv. and 9.4m @ 9.07 g/t Au equiv.\n\n\n\n * New JORC resource estimates underway for Arzu South and Banu\n veins\n\n\n\n * Additional drilling results from Arzu North, Vein 4 and Ceylan\n veins pending\n\n\nDr. Kerim Sener, Managing Director, commented:\n\n\"We continue to be encouraged by the progress of our work at\nKiziltepe, both at Arzu South and at other veins on the prospect.\nThe aim of the Arzu South programme was to establish higher\ngeological confidence in the near surface resource and to upgrade our\n2007 resource estimate. Both objectives have been achieved.\n\n\"Our extended drilling programme was completed on schedule and we are\npresently in the process of receiving and interpreting new data for\nthe Arzu North, Banu, Vein 4 and Ceylan veins. These veins show the\npotential to add to the global mineral resource for the prospect.\n\n\"We are also presently evaluating the optimal mining and processing\nroute for the prospect whilst considering specific scenarios for its\nfurther development via a scoping study.\"\n\nDetails of Programme\n\nA field team from the Company's Turkish operating subsidiary, Galata\nMadencilik San. ve Tic. Ltd. Sti., supervised the completion of 31\ndiamond HQ drill holes on the Arzu South Vein. The holes reported in\nthis release totalled a depth of 1,589m. They were drilled to depths\nof between 34 and 77 metres and angled at 60 degrees along a 650m\nsection of vein strike length. Quartz veins, other mineralised\nstructures and stockwork were located in...