Business
Drilling to Commence
Drilling to Commence.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n05 September 2007\n\n5 September 2007\nAIM / PLUS Markets: AAU\n\n\n ARIANA RESOURCES plc\n\n DRILLING TO COMMENCE AT KIZILTEPE PROSPECT\n\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused on Turkey, is pleased to announce the commencement of a 6,000m Reverse\nCirculation drilling programme at its three advanced projects in western Turkey.\nThe Kiziltepe prospect, within the Company's 100% owned Sindirgi gold project,\nwill be the primary focus of this drilling programme.\n\n • Phase Two resource definition drilling at Kiziltepe to commence next\n week\n • Objective to upgrade and increase the existing 135,000 oz gold-silver\n resource\n • Drill-rig mobilised and drilling commenced at the Ivrindi Project (Kinik\n prospect)\n\n\nDr. Kerim Sener, Managing Director, commented:\n\n'The additional drilling on our advanced projects and particularly at the\nKiziltepe prospect is an important advance for the Company. The drilling at\nKiziltepe is designed to add resources from several veins that are not included\nin the existing resource, and to upgrade the resource at Arzu South.'\n\n'Our decision to focus on the Kiziltepe prospect is based on the encouraging,\nthough small, initial resource defined by our 2006 drilling programme which\nidentified 135,000 oz gold equivalent on only 5% of the veins at the prospect.\nPositive metallurgical results received in August have further enhanced our\nconfidence in the economic potential of the prospect.'\n\n'Approximately 4,000m of drilling will be focussed on veins in proximity to Arzu\nSouth, with the principal objectives of increasing the resource, and of\nproviding the basis for a scoping study of the economics of a small, multi-pit\noperation at Kiziltepe.'\n\n\nAbout the Kiziltepe Prospect\n\nThe Kiziltepe prospect lies within a 36 km2 ten-year renewable operating licence\nwhich forms part of the Company's 100% owned 235 km2 Sindirgi gold project in\nBalikesir Province, western Turkey. The project area lies approximately 100km\neast of the one million ounce Ovacik gold mine and 115km northwest of the five\nmillion ounce Kisladag gold mine.\n\nKiziltepe hosts at least 20km in strike length of gold-silver bearing\nlow-sulphidation epithermal quartz veins across an area of at least 3km by 1km.\nIndividual veins are expose...