Acq. of exploration licences

Ariana Resources PLC 09 August 2006 ARIANA RESOURCES PLC 09 August 2006 AIM: AAU ACQUISITION OF EXPLORATION LICENCES AT GOLVELI GOLD PROSPECT Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company focused exclusively on Turkey, announces the acquisition of two exploration licences at the Goveli gold prospect in western Turkey from Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC) ('Newmont'). •Agreement with Newmont consolidates Ariana's land holding to 100% of the known prospect •Recent exploration indicates presence of a 4km long and up to 1km wide gold system •Mapping and rock-chip sampling to define drill targets underway About the Goveli Prospect The Goveli prospect lies in the Manisa Province of western Turkey, 125km northeast of the costal city of Izmir and 60km southeast of Ariana's Sindirgi gold project that was acquired from Newmont in 2005. Ariana secured its pre-existing 'central' Goveli exploration licence (8km2) in May 2006, through a competitive auction process. Subject to renewal the licence will expire in June 2009. The Goveli prospect hosts a 4km long by up to 1km wide northeast striking gold mineralised system, as defined by historic soil and rock chip sample data. The mineralisation is hosted within an altered marble unit (mid-Triassic to Cretaceous age), which lies adjacent to Precambrian age basement rocks. Peak grades reported from historic rock-chip and soil sampling were 2.4 g/t Au and 0.97 g/t Au respectively. Steven Poulton, Chief Executive, commented: 'This agreement with Newmont consolidates Ariana's land holding across a potentially significant bulk tonnage gold target. The acquisition also demonstrates Ariana's commitment to establishing a significant resource base in Turkey through the rapid exploration and development of a pipeline of high quality gold prospects. In this regard, Ariana has recently signed a contract for the commencement of an initial 2,000m diamond core drilling programme at the Company's Sindirgi vein hosted gold project, with drilling scheduled to commence in September. ' Terms of the Agreement Ariana has acquired Newmont's semi-contiguous 'northern' (18km2) and 'southern' (18.5km2) Goveli exploration licences, which subject to renewal expire in April 2010, and their accompanying exploration data. The data comprises stream-sediment, rock-chip and soil sampling results. The consideration payable to Newmont by Ariana is a 2% Net Smelter Returns royalty on future gold / minerals production within a 2km area of interest of the combined Goveli exploration licence package. Exploration underway A field team from Ariana's Turkish operating subsidiary (Galata Madencilik San. ve Tic. Ltd. Sti.) has commenced a programme of geological mapping, initially focussed on the zones of silicified and sulphidic marbles that potentially constitute the most economically significant parts of the mineralized system. Concurrently a programme of composite rock-chip sampling will be completed on regular 50m by 50m grids across these zones, in order to generate targets for drill testing. Contacts: Ariana Resources plc Steven Poulton, Chief Executive Tel: 01235 511 767 Mobile: 0797 408 6712 s.j.poulton@arianaresources.cominfo@arianaresources.com Bankside Consultants Michael Padley / Susan Scott Tel: 020 7367 8888 About Ariana Resources Ariana is a well funded technology-driven exploration company focused on the discovery of epithermal gold-silver and porphyry copper-gold deposits with multi-million ounce potential within the Tethyan metallogenic belt of Turkey. The Company has a portfolio of prospective licences covering approximately 1,000km2, selected on the basis of its advanced in-house remote sensing database. Ariana's broker is Ambrian Partners Limited 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. This information is provided by RNS The company news service from the London Stock Exchange
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