Business
Positive Drilling Results
Positive Drilling Results.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n08 January 2007\n\n\n\n08 January 2007\nAIM: AAU\n\n FURTHER POSITIVE DRILLING RESULTS FROM KIZILTEPE GOLD PROSPECT\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused on Turkey, announces the results from the first three drill holes\ncompleted on the Banu Vein, at the Kiziltepe gold prospect. This represents the\nfifth set of positive results on different veins within the Kiziltepe project,\nthat forms part of the Company's 100% owned 235km2 Sindirgi gold project in\nwestern Turkey.\n\n •Intersections of 2.10 g/t Au over 4.8m, 2.09 g/t Au over 2.10m and\n 4.62g/t Au over 2.0m\n •Significant silver grades from 64 g/t Ag to 159 g/t Ag boost gold\n equivalent grades\n •Results confirm that historical drilling was not orientated appropriately\n and that further drilling on this vein is warranted\n •Follow up drilling underway on the Arzu South vein for resource\n estimation\n\nA field team from the Company's Turkish operating subsidiary, Galata Madencilik\nSan. ve Tic. Ltd. Sti., supervised the completion of an initial three-hole HQ\nsize (63.5 mm wide) diamond core drilling programme on the Banu Vein. The holes\nD15, D16 and D17 reported in this release totalled 264.30m. They were drilled to\ndepths of between 70 and 100 metres and angled at 60 degrees along a 100m\nsection of vein strike length. Collars were located at approximately 50 metre\nspaced centres. Quartz veins, other mineralised structures and stockwork were\nlocated in all three holes drilled in this exploratory programme. Selected\nintersections are given in Table 1 below.\n\nSteven Poulton, Chief Executive, commented:\n\n'We are encouraged by the results of this preliminary drilling on the Banu Vein,\nwhich show robust gold and silver grades. The combined gold equivalent\nintersections of 3.38 g/t Au over 4.8m, 4.33 g/t Au over 2.10m and 7.08 g/t Au\nover 2.0m provide further assurance in the continuity of the mineralised system\nand indicate that additional drilling is warranted. The results also support our\ngrowing confidence in the potential of the Kiziltepe prospect as a whole. We are\npleased with the results from the first two veins we have drilled and, out of\nthe 15 major veins so far identified at the Kiziltepe prospect, there have been\nvery encouraging results from five of them.'\n\n...