Ariana Resources plc : Director/PDMR Shareholding

Ariana Resources plc : Director/PDMR Shareholding

31 October 2012
AIM: AAU

DIRECTORS' DEALINGS

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, announces that it was informed that Mr William Payne, Director, further to the purchase today of 250,000 ordinary shares in Ariana at 1.623p per ordinary share by his spouse and three children under the age of eighteen, now holds 702,632 ordinary shares in the Company, representing a percentage holding of 0.22% of the total issued share capital.

Contacts:

Ariana Resources plcTel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish LimitedTel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
S.P. Angel Corporate Finance Tel: +44 (0)20 3463 2260
Ewan Leggat / Laura Littley
St Brides Media & Finance LtdTel: +44 (0) 20 7236 1177
Hugo de Salis / Susie Geliher

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 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 is fully funding all exploration work on the JV properties, while Ariana owns 49% and is the operator.

The Company's flagship assets are its Sindirgi 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 of the Company stands at 448,000 ounces of gold equivalent.  

Ariana also has a strategic investment in Tigris Resources Limited (www.tigrisresources.com), a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey.  Ariana retains 12.5% of Tigris Resources Limited.  

S.P.Angel Corporate Finance are 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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Source: Ariana Resources plc via Thomson Reuters ONE
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