Trench Results at the Salinbas Prospect
(Thomson Reuters ONE) - 10 November 2009AIM / PLUS Markets: AAU TRENCH RESULTS AT THE SALINBAS PROSPECTAriana Resources plc ("the Company"), the gold exploration anddevelopment company focused on Turkey, is pleased to announce theresults of trenching undertaken on the Salinbas prospect which ispart of the Ardala mineralised system.Highlights* 33m at 9.6 g/t Au and 46m at 8.3 g/t Au* Further potential along strike and at depth* Drilling underwayDr. Kerim Sener, Managing Director, commented:"The results of the initial trenches undertaken on the Salinbasprospect highlight the potential of the broader Ardala mineral systemto yield multiple zones of high-grade mineralisation located alongdiscrete structural corridors which had been overlooked by previousexplorers. The Joint Venture team has been successful in identifyingthese zones and in conducting a rapid and successful programme offollow-up. We now look forward to the results of our drillingprogramme."Details of ProgrammeOn the Ardala Project, mapping and sampling has confirmed thatporphyry mineralisation continues to the south of the previouslyrecognised outcrops, and this additional extension increases the sizepotential of the Ardala porphyry system.A high-grade gold zone has also been identified at Salinbas, locatedsome 3km to the southwest of the Ardala porphyry. Trenching atSalinbas has returned the following bedrock intercepts over a 360mstrike length with mineralisation open to the south and at depth:+------------------------------------------------+| Trench Number | Intercept (m) | Grade (g/t Au) ||---------------+---------------+----------------|| 1 | 26 | 5.4 ||---------------+---------------+----------------|| 2 | 6 | 2.8 ||---------------+---------------+----------------|| 3 | 46 | 8.3 ||---------------+---------------+----------------|| 4 | 6 | 2.8 ||---------------+---------------+----------------|| 5 | 14 | 7.3 ||---------------+---------------+----------------|| And | 33 | 9.6 ||---------------+---------------+----------------|| 6 | 9 | 4.3 |+------------------------------------------------+Drilling of the trenched zone and at Ardala South is currentlyunderway and results of these programmes are pending. Furtherinformation is provided in a parallel announcement by our JointVenture partners, European Goldfields Limited.Contacts:Ariana Resources plc Tel: 020 7407 3616Michael Spriggs, ChairmanKerim Sener, Managing DirectorBeaumont Cornish Limited Tel: 020 7628 3396Roland CornishAlexander David Securities Limited Tel: 020 7448 9820Nick Bealer / David ScottLoeb Aron & Company Ltd Tel: 020 7628 1128Peter Freeman / Frank LucasEditors' note:About Ariana ResourcesAriana is an exploration and development company focused onepithermal gold-silver and porphyry copper-gold deposits in Turkey.The Company is exploring a portfolio of prospective licences selectedon the basis of its in-house geological and remote-sensing database,on its own in western Turkey and in Joint Venture with EuropeanGoldfields Limited in north-eastern Turkey.The Company's flagship assets are its Sindirgi and Tavsan goldprojects. Both projects contain a series of prospects, within twoprolific mineralised districts in the Western Anatolian Volcanic andExtensional (WAVE) Province in western Turkey. This Province hoststhe largest operating gold mines in Turkey and remains highlyprospective for new porphyry and epithermal deposits. These coreprojects, which are separated by a distance of 75km, are presentlybeing assessed as to their economic merits. The total resourceinventory of the Company stands at 401,000 ounces of goldequivalent.Loeb Aron & Company Ltd. and Alexander David Securities Limited arejoint brokers to the Company and Beaumont Cornish Limited is theCompany's Nominated Adviser.For further information on Ariana you are invited to visit theCompany's website at www.arianaresources.com.Ends---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 10.11.2009 - 08:01 Uhr
Sprache: Deutsch
News-ID 8145
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