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Vein 4 1st Drilling Results
Vein 4 1st Drilling Results.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources PLC\n08 February 2007\n\n\n\n\n\n8 February 2007\nAIM: AAU\n\n\n FIRST DRILLING RESULTS FROM VEIN 4, KIZILTEPE PROSPECT\n\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 Vein 4, which is located 800m northwest from the Arzu South and\n900m north of the Banu veins at the Kiziltepe gold prospect. This represents the\nsixth successive set of positive results on different veins within the Kiziltepe\nproject, which is located within the Company's 100%-owned 235km2 Sindirgi gold\nproject in western Turkey. Ariana is continuing to develop a detailed and\npositive framework for understanding and potentially developing this extensive\nmineralised system.\n\n\n •Previously untested vein providing intersections of 1.42 g/t Au over\n 6.0m, 1.26 g/t Au over 7.10m and 1.56 g/t Au over 5.0m\n •Silver grades in these intersections range from 19 to 49 g/t Ag\n •First three drill holes completed along 100m of vein strike length\n •The continuity of grade at surface and at depth indicate that further\n drilling on this vein is warranted\n\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 Vein 4. The holes D18,\nD19 and D20 reported in this release totalled 232.80m. They were drilled to\ndepths of between 65 and 93 metres and angled at 60 degrees along a 100m section\nof vein strike length. Collars were located at approximately 50 metre spaced\ncentres. Quartz veins, other mineralised structures and stock work were located\nin all three holes drilled in this exploratory programme. Selected intersections\nare given in Table 1 below.\n\n\nKerim Sener, Exploration Director, commented:\n\n\n'The results of this drilling confirm the validity of our strategy to test all\npreviously undrilled veins at the Kiziltepe prospect. While the grade of\nmineralisation at Vein 4 is low, the vein widths are significant and there is\nsufficient geological evidence to conclude that these initial intercepts are\npositioned high in the epithermal system. We predict that this vein is one of\nthe least eroded veins on the Kiziltepe prospect and that deeper dr...