Business
Quarterly Update to Shareholders
Quarterly Update to Shareholders.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n\n\n\n\n25 January 2011\nAIM / PLUS Markets: AAU\n\n QUARTERLY UPDATE TO SHAREHOLDERS\n\nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and\ndevelopment company focused on Turkey, is pleased to announce that it has\nreleased its Q4 2010 Quarterly Update to shareholders on the Company's website.\n\nHighlights\n\n * RESOURCE INCREASE: Announcement of a 25% increase in JORC compliant\n resources to 448,000 oz Au equivalent.\n\n\n * SHAREHOLDING: Following the purchase of 500,000 ordinary shares in Ariana,\n Starvest plc is now the beneficial holder of 13,456,000 ordinary shares or\n 6.06% of the issued share capital.\n\n\n * INVESTMENT IN TIGRIS RESOURCES: Announcement of a strategic investment in\n Tigris Resources Limited, a private company focused on gold and copper\n exploration in south-eastern Turkey.\n\n\n * RESULTS FROM JV PROPERTIES: Exploration results from the European Goldfields\n JV identify zones of wide and high-grade mineralisation at Salinbas and the\n discovery of a mineralised extension of the Ardala porphyry beneath cover.\n\n\n * RED RABBIT JV UPDATE: Ariana announce an increase to the registered capital\n of Zenit Madencilik San. ve Tic. A.S., the JV company held by Ariana and\n Proccea Construction Co. in Turkey.\n\n\n\nTo view a full version of the Quarterly Update, please visit the Company's\nwebsite atwww.arianaresources.com.\n\nContacts:\n\n Ariana Resources plc Tel: +44 (0) 20 7407 3616\n\n Michael Spriggs, Chairman\n\n Kerim Sener, Managing Director\n\n\n\n Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396\n\n Roland Cornish\n\n\n\n Alexander David Securities Limited Tel: +44 (0) 20 7448 9820\n\n Nick Bealer / David Scott\n\n\n\n Loeb Aron & Company Ltd Tel: +44 (0) 20 7628 1128\n\n Jonathan Willis-Richards / Frank Lucas\n\n\n\n St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177\n\n Hugo de Salis\n\n Susie Geliher\n\n\n\nEditors' note:\n\nAbout Ariana Resources\n\nAriana is an exploration and development company focused on epithermal gold-\nsilver and porphyry copper-gold deposits in Turkey.  The Company is exploring a\nportfolio of prospective licences selected on the basis of its in-house\ngeological and remote-sensing database, on its own in western Turkey and in a\nJoint Venture with European Goldfields Limited in north-eastern Turkey.\n Eur...