Business
Significant Initial Drilling
Significant Initial Drilling.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n20 November 2006\n\n ARIANA RESOURCES PLC\n\n20 November 2006\n\nAIM: AAU\n\n SIGNIFICANT INITIAL DRILLING RESULTS FROM KIZILTEPE GOLD PROSPECT\n\n\nAriana Resources plc ('Ariana' or 'the Company'), the gold exploration company\nfocused exclusively on Turkey, announces significant results from the first\neighteen drill holes completed on the Kiziltepe gold prospect at the Company's\n100% owned Sindirgi Project in Balikesir province, western Turkey.\n\n\n •Intersections of 13.09 g/t Au over 6.6m, 7.49 g/t Au over 10.5m and 6.52\n g/t Au over 6.3m\n\n •Results confirm previous work and identify lateral and down-dip vein\n extensions\n\n •Eighteen drill holes completed along 530m of vein strike length\n\n •Drilling ongoing at the Kiziltepe and Kepez prospects\n\n\nSince August 2006 a field team from the Company's Turkish operating subsidiary,\nGalata Madencilik San. ve Tic. Ltd. Sti., has supervised the completion of a\ndiamond core drilling programme on the Arzu South vein. Assay results for the\nfirst eighteen HQ size (63.5mm diameter) holes, totalling 1,391 drilled metres,\nhave been received. The holes were drilled to depths of between 50 and 105\nmetres and angled at between 50 and 75 degrees along a 530m section of vein\nstrike length. Quartz veins, other mineralised structures and stockwork were\nlocated in all but one of the first eighteen drill holes, the results of which\nare detailed below.\n\n\nSteven Poulton, Chief Executive, commented:\n\n'We are extremely pleased with these initial results from the drilling programme\non the Arzu South vein, which confirm the drilled widths and grades reported by\nprevious operators and our systematic channel sampling programme. Follow up\ndrilling will be required to test the depth continuity of intersections such as\n13.09 g/t Au (& 121.67 g/t Ag) over 6.6m and 7.49 g/t Au (& 96.96 g/t Ag) over\n10.5m. These excellent results underpin our confidence in the wider and\nsignificant potential of the Kiziltepe prospect, which hosts over 19km of mapped\ngold-silver bearing epithermal quartz veins.\n\n\n'Geological modelling and resource estimation will now be undertaken on the Arzu\nSouth vein and if merited this will be extended to a number of other, less well\nexposed or otherwise untested, vein targets at the Kiziltepe prospect which are\ncurre...