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DRILLING TARGETS GENERATED AT KIZILCUKUR
DRILLING TARGETS GENERATED AT KIZILCUKUR.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n4 August 2011\nAIM / PLUS Markets: AAU\n DRILLING TARGETS GENERATED AT KIZILCUKUR\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and\ndevelopment company focused on Turkey, is pleased to announce that it has\ndefined multiple drilling targets on its newly acquired Kizilcukur Gold Prospect\nin Western Turkey, following the conclusion of a successful geophysical\nprogramme on the property.\n\nHighlights:\n\n * Geophysical programme completed over the Kizilcukur vein system demonstrates\n continuity of potentially mineralised structures at depth and along strike\n of areas previously drill tested.\n\n\n * High priority drill targets defined on high resistivity anomalies including\n a probable connecting structure at depth between the two highest-grade areas\n of the Kizilcukur prospect.\n\n\n * Drilling programme for the prospect is being planned to gain a further\n understanding of the 2km of mineralised quartz veins containing high-grade\n gold and silver.\n\n\n * Previous surface sampling results include 152g/t gold and 1,320g/t silver\n and several high-grade drill intercepts underpin the prospectivity of the\n property.\n\n\n\n\nDr. Kerim Sener, Managing Director, commented:\n\n\"These results further underpin the prospectivity of the entire project area\nwhich is contained within the Sindirgi Gold Corridor, a mineralised trend which\nextends through our flagship Red Rabbit Gold Project. They also confirm the\ncontinuity of potentially mineralised structures at depth and along strike of\nareas previously drill tested at Kizilcukur and with additional exploration\nwork, we hope to establish a resource for the prospect. This resource may then\nbe integrated into Red Rabbit development, which will enhance the economic\nfundamentals of the project, for which production is scheduled in late 2012.\n\n\"The exploration team is currently designing a drilling programme and relevant\npermit applications are being completed.  These results, along with those\nobtained from the Kepez West and Karakavak prospects, will be remodelled in\nthree dimensions and assessed in parallel with previous exploration data. In\naddition, relogging of all old diamond drill core (17 drill holes) from\nKizilcukur is being completed ahead of final drill hole planning.\"\n\n\nDetails of Geo...