Business
Further re exploration
Further re exploration.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n16 February 2006\n\n\n\n16 February 2006\nAIM: AAU\n\n FURTHER POSITIVE RESULTS FROM LATEST EXPLORATION\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused exclusively on Turkey, announces positive results from its generative\nexploration programme on the Company's Kosedere and Cinarpinar licences in\nCanakkale Province, western Turkey. These licences lie 165km to the west of\nAriana's Sindirgi licence area, where the Company recently announced encouraging\nrock-chip channel sample gold values on its Kepez prospect. In this latest\nprogramme, reconnaissance samples of rock 'float' collected from streams have\nreturned grades of up to 6 g/t gold, and elsewhere anomalous copper and other\nbase metal mineralisation has been identified.\n\n * Series of stream quartz 'float' samples return 6.1 g/t Au, 4.0 g/t Au and\n 2.2 g/t Au\n * Reconnaissance rock chip samples of 0.19% Copper and 0.25% Zinc\n * 57km2 exploration area targeted by the Company's remote sensing programme\n\nBetween December and January, a field team from the Company's Turkish operating\nsubsidiary, Galata Madencilik San. ve Tic. Ltd. Sti., undertook reconnaissance\nexploration on two 100% owned contiguous licences at Kosedere and Cinarpinar\n(57km2) in Canakkale Province, western Turkey. The licence areas were selected\non the basis of their geological prospectivity and co-incident kaolinite and\nalunite signatures, minerals whose presence are indicative of epithermal or\nporphyry related mineralised systems, as determined by the Company's\nremote-sensing study. The reconnaissance exploration programme consisted of\ngeological mapping, stream-sediment, rock-chip and soil sampling, in order to\nprioritise areas for detailed follow-up. A map detailing the results described\nin this release is available at the Company's website: www.arianaresources.com.\n\nQuartz vein 'float' samples, collected from stream beds in the north eastern\npart of the Cinarpinar licence, showed a variety of textures indicative of\nepithermal gold mineralisation systems including colloform to crustiform\nvarieties. These samples returned peak gold values of 6.1 g/t Au, 4.0 g/t Au and\n2.2 g/t Au. In the western part of the Kosedere licence, prospecting has\nidentified significant base metal anomalies, with peak results of 343 ppm ...