Business
Interim Results-Replacement
Interim Results-Replacement.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n29 September 2006\n\n\n \n\n\n\n\n\nThe following announcement replaces the announcement made at 07.01 on 29\nSeptember 2006 ': Interim Report for six months for six months to 30 June\n2006'. The only changes are non-material amendments to the Chairman's\nStatement; all financial information remains the same.\n\n\n29 September 2006\nAIM: AAU\n\n INTERIM REPORT FOR SIX MONTHS TO 30 JUNE 2006\n\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused exclusively on Turkey, today released its interim report for the 6\nmonths ended June 30, 2006.\n\nHighlights:\n\n •Encouraging results from numerous targets, particularly the Sindirgi gold\n project in western Turkey host to 45km of mapped gold-silver bearing quartz\n veins\n •Grassroots exploration success - 750m gold in soil anomaly at the Kinik\n prospect\n •Private placement raising £2.0m\n •No long term debt\n •Director share purchases\n\n\nPost Period Highlights:\n\n •Drilling commenced at Sindirgi gold project\n •Acquisition of licences from Newmont Mining Corporation\n\n\nMichael Spriggs, Chairman, commented:\n\n'I am pleased to report that in the six months to the 30th June 2006 Ariana\ncontinued to advance at an exceptionally strong pace. Our high speed / low cost\nexploration approach is yielding excellent results, particularly at our flagship\nSindirgi gold project. Our strong progress has been bolstered by a £2 million\nfinancing that introduced several key institutional investors and which brought\nforward the start of the ongoing drilling programme at the Sindirgi project.\n\n\n'The work that we completed to date has created an extremely strong platform on\nwhich to build our resource base. We are continuing to press home our 'first\nmover' advantage in Turkey and to grow the Company's considerable pipeline of\ngold projects for future drill testing. A number of joint venture opportunities\nwith both international and local partners are being assessed as a means of\naccelerating growth still further.'\n\n\n\nEnquiries to:\n\n\nAriana Resources plc\nSteven Poulton, Chief Executive Tel: 01235 511 767\[email protected]@arianaresources.com Mobile: 0797 408 6712\n\nBankside Consultants\nMichael Padley / Susan Scott Tel: 020 7367 8888\n\n\nAbout Ariana Resources\n\nAriana is a well ...