Business
Drilling Results
Drilling Results.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n14 February 2008\nAIM / PLUS Markets: AAU\n\n POSITIVE DRILLING RESULTS: KIZILTEPE\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold\nexploration company focused on Turkey, announces the results from the\nseven most recent Reverse Circulation (RC) drill holes completed on\nthe Banu Vein at the Kiziltepe gold prospect. The results show the\npotential for resource additions to be derived from veins other than\nthe Arzu South and North vein system at the Kiziltepe prospect within\nthe Sindirgi Project.\n\nHighlights\n\n\n * Gold-equivalent intersections of 3.81 g/t over 6m, 3.78 g/t over\n 5m and 2.58g/t Au over 7m\n\n\n\n * Follow-up drilling on Banu Vein scheduled for late February\n\n\n\n * Drilling programme to be extended to drill new targets\n\n\nThe Banu Vein has a strike length of 750m and has the most uniform\ngrade at surface of all the veins at the Kiziltepe prospect. For\n550m of surface sampled strike length, the vein carries a fairly\nconsistent grade of approximately 2-3 g/t Au over a true average\nwidth of 2.5m. Evidence from both the new and previous drilling\nindicates an improvement in grade at depth and along strike to the\nsoutheast. The latest drilling has confirmed the distribution of\ngold and silver grade along a greater strike length than that tested\nand reported on in 2007.\n\nDr. Kerim Sener, Managing Director, commented:\n\n\"The recent drilling on the Banu Vein has confirmed our expectations\nof the mineralisation at this location and we expect that an initial\nJORC compliant resource will be established here soon. We have\nscheduled further drilling to start in late February, which will test\na 200m strike extension of the vein that has only been channel\nsampled to date. This additional drilling is now warranted to\nconfirm the potential of this vein to yield a viable resource.\n\n\"The Company has also taken the decision to extend the diamond\ndrilling programme by up to 1,500m to test new target areas on the\nKiziltepe prospect, whilst the economic options for Kiziltepe are\nbeing evaluated. This extended drilling is additional to the 2,500m\nannounced last month. Geophysical testing is also underway to assist\nin the definition of possible 'blind' targets and will be used more\nextensively if the geophysical results are proven positive by\ndrilling.\n\n\"These results...