Trench Results at the Salinbas Prospect
2009-11-10 08:12:02 -
London, November , 10, 2009
10 November 2009
AIM / PLUS Markets: AAU
TRENCH RESULTS AT THE SALINBAS PROSPECT
Ariana Resources plc ("the Company"), the gold exploration and
development company focused on Turkey, is pleased to announce the
results of trenching undertaken on the Salinbas prospect which is
part 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 underway
Dr. Kerim Sener, Managing Director, commented:
"The results of the initial trenches undertaken on the Salinbas
prospect highlight the potential of the broader Ardala mineral system
to yield multiple zones of high-grade mineralisation located along
discrete structural corridors which had been overlooked by previous
explorers. The Joint Venture team has been successful in identifying
these zones and in conducting a rapid and successful programme of
follow-up. We now look forward to the results of our drilling
programme."
Details of Programme
On the Ardala Project, mapping and sampling has confirmed that
porphyry mineralisation continues to the south of the previously
recognised outcrops, and this additional extension increases the size
potential of the Ardala porphyry system.
A high-grade gold zone has also been identified at Salinbas, located
some 3km to the southwest of the Ardala porphyry. Trenching at
Salinbas has returned the following bedrock intercepts over a 360m
strike 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 currently
underway and results of these programmes are pending. Further
information is provided in a parallel announcement by our Joint
Venture partners, European Goldfields Limited.
Contacts:
Ariana Resources plc Tel: 020 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: 020 7628 3396
Roland Cornish
Alexander David Securities Limited Tel: 020 7448 9820
Nick Bealer / David Scott
Loeb Aron & Company Ltd Tel: 020 7628 1128
Peter Freeman / Frank Lucas
Editors' note:
About Ariana Resources
Ariana is an exploration and development company focused on
epithermal gold-silver and porphyry copper-gold deposits in Turkey.
The Company is exploring a portfolio of prospective licences selected
on the basis of its in-house geological and remote-sensing database,
on its own in western Turkey and in Joint Venture with European
Goldfields Limited in north-eastern Turkey.
The Company's flagship assets are its Sindirgi and Tavsan gold
projects. Both projects contain a series of prospects, within two
prolific mineralised districts in the Western Anatolian Volcanic and
Extensional (WAVE) Province in western Turkey. This Province hosts
the largest operating gold mines in Turkey and remains highly
prospective for new porphyry and epithermal deposits. These core
projects, which are separated by a distance of 75km, are presently
being assessed as to their economic merits. The total resource
inventory of the Company stands at 401,000 ounces of gold
equivalent.
Loeb Aron & Company Ltd. and Alexander David Securities Limited are
joint brokers to the Company and Beaumont Cornish Limited is the
Company's Nominated Adviser.
For further information on Ariana you are invited to visit the
Company's website at www.arianaresources.com.
Ends
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