AAU Ariana Resources Plc

 
TIDMAAU 
 
   21 July 2015 
 
   AIM: AAU 
 
   NEW GOLD TARGETS CONFIRMED AT KEPEZ AND KARAKAVAK PROSPECTS 
 
   Ariana Resources plc ("Ariana" or "the Company"), the Anglo-Turkish gold 
exploration and development company focused on Turkey, is pleased to 
announce the results of a follow-up soil and rock-chip geochemical 
programmes conducted on the Karakavak and Kepez West prospects at the 
Kiziltepe Sector of the Red Rabbit Gold Project in western Turkey ("Red 
Rabbit"), where mine construction is expected to commence shortly. 
 
   Highlights: 
 
 
   -- Several additional significantly gold-silver mineralised vein systems 
      identified at Karakavak. 
 
 
   -- Coincident gold (>20ppb Au) and silver (>150ppb Ag) soil anomalies 
      encountered along the full 1,800m strike length of Kepez West. 
 
 
   -- Results underpin the broader resource potential of the wider Red Rabbit 
      Gold Project, which has a current global JORC resource of 475,000 oz of 
      gold equivalent. 
 
 
   -- Kiziltepe mine construction expected to commence shortly ahead of first 
      gold pour in H2 2016 targeting 20,000 oz per annum. 
 
 
   Dr. Kerim Sener, Managing Director, commented: 
 
   "We are delighted that the additional exploration work we are 
undertaking is continuing to identify new zones of resource potential, 
which further demonstrates the value of the Red Rabbit project for 
shareholders.  Both Kepez West and Karakavak contain several important 
drilling targets for the Company, as it grows its resource base at the 
Kiziltepe Sector ahead of first production next year. 
 
   "By increasing our resource base, we can extend both the life of mine 
and the gold output from the planned Kiziltepe operation, which would 
clearly add considerable shareholder value.  Kepez West and Karakavak 
are located 12km and 27km by road from Kiziltepe respectively and 
represent high priority resource development areas. 
 
   "We have now completed detailed planning for drilling programmes on 
these prospect areas, which we aim to initiate during the construction 
phase of the Kiziltepe Mine which is expected to start soon.  Many of 
the targets identified are located in areas outside of forestry and can 
be drill-tested without delay." 
 
   Rock-chip and soil sampling programme 
 
   Follow-up rock-chip sampling conducted on soil geochemical targets 
identified in the Karakavak area (see News Release dated 5 June 2015), 
identified several new vein systems carrying significantly anomalous 
gold and silver.  New rock-chip results from these areas provided grades 
of 6.28 g/t Au + 22.9 g/t Ag, 2.57 g/t Au + 24.1 g/t Ag, 2.54 g/t Au, 
2.13 g/t Au and 1.89 g/t Au.  These rock-chips were obtained from within 
zones containing highly anomalous gold and silver soil geochemical 
results and represent new discoveries (Figure 1). 
 
   Utilising the soil samples collected previously for XRF analysis, an 
area covering the Kepez West and Far West prospects was analysed by 
conventional geochemical methods on a 50m by 100m sampling grid.  Gold 
and other trace elements were analysed following an aqua regia 
extraction and ICP-MS or ICP-AES finish.  A total of 304 samples were 
sent to ALS Global for analysis.  An area of 1.5km(2) was covered and 
the results for gold and silver are shown in Figure 2. 
 
   Six significant gold in soil geochemical anomalies over 20ppb Au were 
identified, three of which represent new discoveries and are currently 
untested.  Peak gold in soil results of 234ppb, 156ppb, 128ppb, 106ppb 
and 94ppb were encountered.  These zones of gold anomalism are also 
largely coincident with anomalous silver in soil results (>150ppb).  The 
main zone of mineralisation, which extends for a total of 1,800m along 
strike, and which is associated with intermittent patches of quartz vein 
float, is now better resolved in to three distinct segments each one 
approximately 400m long.  This segmentation along strike is a 
characteristic feature of well-mineralised vein systems in the region of 
Kiziltepe. 
 
   Some of the anomalous areas were previously rock-chip sampled and these 
data confirm that much of the mineralisation is associated with 
intermittent low-sulphidation gold-silver bearing veins and associated 
stockwork zones in altered volcanic host-rock.  Peak rock-chip grades 
across the Kepez West and Far West area include: 14.45g/t Au and 
39.20g/t Ag, 9.98g/t Au and 68.10g/t Ag, 9.77g/t Au, 7.68g/t Au and 
31.20g/t Ag, 6.30g/t Au and 31.6g/t Ag, and 6.28g/t Au and 54.6 g/t Ag. 
A single drill intercept (KPZ-D08-12) on the far eastern end of the 
structure provided a result of 9.6m @ 3 g/t Au + 119 Ag g/t, which needs 
to be followed up by further drilling in this area.  Kepez West and Far 
West are among several prospects in the Kiziltepe Sector that require 
drill-testing and that are within trucking distance to the planned 
Kiziltepe plant (Figure 3). 
 
   Figure 1: Soil gold (>20ppb) anomalies superimposed on soil silver 
results in the Karakavak area.  Follow up rock chip sampling has 
identified a number of new veins and vein extensions of known vein 
systems.  Further work will be undertaken to characterise this prospect 
area ahead of a drilling programme. 
 
   Figure 2: Soil gold (>20ppb) and silver (>150ppb) anomalies shown 
superimposed on satellite imagery in the Kepez West and Far West areas. 
The vein system appears segmented along 1,800m of total strike. 
 
   Figure 3: Map showing the position of important gold prospects in the 
Sindirgi Gold corridor and potential trucking routes from each prospect 
to the planned Kiziltepe processing facility. 
 
   Contacts: 
 
 
 
 
Ariana Resources plc                     Tel: +44 (0) 20 7407 3616 
Michael de Villiers, Chairman 
Kerim Sener, Managing Director 
 
Beaumont Cornish Limited                 Tel: +44 (0) 20 7628 3396 
Roland Cornish / Felicity Geidt 
 
Beaufort Securities Limited              Tel: +44 (0) 20 7382 8300 
Saif Janjua 
 
Loeb Aron & Company Ltd.                 Tel: +44 (0) 20 7628 1128 
John Beresford-Peirse / Dr. Frank Lucas 
 
St Brides Partners Ltd                   Tel: +44 (0) 20 7236 1177 
Lottie Brocklehurst / Felicity Winkles 
 
 
 
   Editors' note: 
 
   Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of Ariana 
Resources plc. A graduate of the University of Southampton in Geology, 
he also holds a Master's degree from the Royal School of Mines (Imperial 
College, London) in Mineral Exploration and a doctorate from the 
University of Western Australia. He is a Fellow of The Geological 
Society of London and has worked in geological research and mineral 
consultancy in Africa, Australia and Europe.  He has read and approved 
the technical disclosure in this regulatory announcement. 
 
   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 
developing 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 Eldorado Gold Corporation in 
north-eastern Turkey.  Eldorado owns 51% of this joint venture and are 
fully funding all exploration work on the JV properties, while Ariana 
owns 49%.  The total resource inventory within this JV is 1.09 million 
ounces of gold. 
 
   The Company's flagship assets are its Kiziltepe and Tavsan gold projects 
which form the Red Rabbit Gold Project.  Both 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 and now form part 
of a Joint Venture with Proccea Construction Co.  The total resource 
inventory at the Red Rabbit Project stands at 475,000 ounces of gold 
equivalent. 
 
   Beaufort Securities Limited and Loeb Aron & Company Ltd. 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. 
 
   Glossary of Technical Terms: 
 
   "Ag" the chemical symbol for silver; 
 
   "Au" the chemical symbol for gold; 
 
   "g/t" grams per tonne; 
 
   "ICP-AES" Inductively coupled plasma - atomic emission spectroscopy; 
 
   "ICP-MS" Inductively coupled plasma - mass spectrometry; 
 
   "JORC" the Joint Ore Reserves Committee; 
 
   "m" Metres; 
 
   "oz" Ounces; 
 
   "ppb" Parts per billion; 
 
   "XRF" X-ray fluorescence. 
 
   Ends 
 
   Figures 1, 2 & 3: http://hugin.info/138153/R/1940032/700297.pdf 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Ariana Resources plc via Globenewswire 
 
   HUG#1940032 
 
 
  http://www.arianaresources.com/s/Home.asp 
 

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