Drilling and Results Update

19 December 2007 AIM / PLUS Markets: AAU DRILLING AND RESULTS UPDATE Ariana Resources plc ("Ariana" or "the Company"), the gold exploration company focused on Turkey, announces additional results from 14 Reverse Circulation (RC) drill holes completed on the Arzu South Vein, at the Kiziltepe gold prospect. This provides supplementary information to an announcement made earlier this month and includes silver grades and unreported gold intersections. Highlights * New intersections include 10m at 6.3 g/t Au equiv. and 5m @ 20.1 g/t Au equiv. * Peak grades over 1m intervals include 43.8 g/t Au and 1070 g/t Ag * 2,500m of additional drilling to commence next week Details of Programme This release reports additional assay data for the 14 RC drill holes reported on the 3rd December. The holes reported in that release totalled 1,298m and were drilled to depths of between 60 and 135 metres along a 650m section of vein strike length. The new assay data has been added to the original data table and the updated intersections are given in Table 1 below. Three new mineralised intersections have been added to the original table, the most notable of which is 10m at 6.3 g/t Au equivalent. A further programme of 2,500 m of drilling, devised in conjunction with our consultants, SRK, is now scheduled to commence on the 25th December 2007. This additional drilling will target the top 50m of the current resource and is designed to drill-out the veins to 20m lateral and vertical spacing. This spacing is designed to enable estimation of a JORC-compliant resource in the Measured and Indicated categories throughout the upper 75m of the vein system. This depth will account for the mineralisation most likely to be accepted by an open pit model and provide the geological control required in the uppermost zone of the resource. Dr. Kerim Sener, Managing Director, commented: "These results build upon and confirm the positive results announced earlier this month. "The additional drilling due to commence next week will help to determine the resource potential of the near surface mineralisation at the Arzu Vein. We also intend to determine the optimal mining and processing route for this relatively high-grade resource, which, due to its proximity to surface, could be mined by open pit. "We expect to complete the drill programme in early 2008 and to revise the resource estimate in the second quarter." Table 1: RC drill hole intersections from the Arzu South Vein, with new data in bold text. +--------------------------------------------------------------------------------+ | | | | From | To | Apparent | Gold | Silver |Au + Au | | Hole | Easting | Northing | (m) | (m) |Width (m) | (Au |(Ag g/t) | equiv. | | | | | | | | g/t) | | (g/t) | |--------------------------------------------------------------------------------| | NORTHERN SECTION | |--------------------------------------------------------------------------------| |RC01-07 | 607767 | 4348842 | 61 | 62 | 1.00 | 1.81 | 44.30 | 2.70 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 66 | 69 | 3.00 | 2.09 | 64.63 | 3.38 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 71 | 76 | 5.00 | 2.27 | 85.56 | 3.98 | |--------------------------------------------------------------------------------| | MIDDLE SECTION | |--------------------------------------------------------------------------------| |RC02-07 | 607950 | 4348624 | 27 | 30 | 3 | 6.15 | 83.43 | 7.82 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC03-07 | 607990 | 4348582 | 27 | 31 | 4 |10.12 | 131.20 | 12.74 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 35 | 39 | 4 | 1.16 | 14.98 | 1.46 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 40 | 41 | 1 | 4.19 | 39.50 | 4.98 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 43 | 44 | 1 | 2.07 | 28.3 | 2.64 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC11-07 | 608042 | 4348591 | 97 | 98 | 1 | 0.99 | 1.90 | 1.03 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 101 | 104 | 3 | 0.86 | 24.27 | 1.35 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 110 | 114 | 4 | 1.48 | 53.30 | 2.54 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC12-07 | 608033 | 4348538 | 30 | 33 | 3 | 0.98 | 9.67 | 1.18 | |---------+---------+----------+------+-----+----------+------+---------+--------| | | | | 55 | 56 | 1 | 1.22 | 45.90 | 2.14 | |---------+---------+----------+------+-----+----------+------+---------+--------| | | | | 57 | 67 | 10 | 4.72 | 81.01 | 6.34 | |--------------------------------------------------------------------------------| | SOUTHERN SECTION | |--------------------------------------------------------------------------------| |RC04-07 | 608048 | 4348506 | 52 | 55 | 3 | 2.61 | 87.33 | 4.36 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 72 | 75 | 3 | 1.65 | 56.70 | 2.79 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC05-07 | 608036 | 4348463 | 58 | 64 | 6 | 6.62 | 167.97 | 9.98 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC06-07 | 608045 | 4348405 | 44 | 49 | 5 |13.62 | 322.06 | 20.06 | |---------+---------+----------+-------------------------------------------------| |RC07-07 | 608062 | 4348352 |No significant result | |---------+---------+----------+-------------------------------------------------| |RC08-07 | 608048 | 4348308 | 33 | 34 | 1 | 2.45 | 6.00 | 2.57 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC13-07 | 608069 | 4348488 | 93 | 97 | 4 | 1.41 | 73.73 | 2.89 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC14-07 | 608087 | 4348404 | 92 | 95 | 3 | 1.28 | 20.87 | 1.69 | |---------+---------+----------+------+-----+----------+------+---------+--------| |RC15-07 | 608088 | 4348375 | 80 | 83 | 3 | 2.05 | 5.17 | 2.15 | |---------+---------+----------+------+-----+----------+------+---------+--------| |And | | | 88 | 94 | 6 | 3.14 | 66.73 | 4.48 | |---------+---------+----------+-------------------------------------------------| |RC09-07 | 608044 | 4348278 |No significant result | |---------+----------------------------------------------------------------------| |RC10-07 |Cancelled | |--------------------------------------------------------------------------------| |Notes: | |No top cut has been applied to assay results | |Intersections based on a 0.5 g/t cut off grade | |Weighted averages have been calculated for core recovery and gold/silver grades | |Au + Au equiv. g/t is the sum of the gold grade and the gold equivalent grade of| |silver based on a gold/silver price ratio of approximately 1:50 | +--------------------------------------------------------------------------------+ Sampling and Assaying Procedures To date 316 RC chip samples from the drilling programme on the Arzu Vein were sent for assay. Of these, 220 samples have returned grades of less than 0.5 g/t Au (70% of the total), 39 samples between 0.5-1 g/t Au (12% of total), 40 between 1-5 g/t Au (13% of total) and 17 samples above 5 g/t Au (5% of total), with the peak grades of 43.8 g/t Au and 1070 g/t Ag. Sample recovery averaged 85% in the mineralised zones. All samples have been prepared by the ALS Chemex preparation facility in Izmir and assayed by 30g fire assay at the ALS Chemex laboratory in Romania. Routine re-assaying of all samples assaying greater than 10 g/t Au and 100 g/t Ag has also been completed by ALS Chemex. Standard, blank and duplicate samples are being used in the sample batches, which is in line with the Company's quality control procedures. Laboratory sample preparation, assaying procedures and chain of custody are appropriately controlled. The Company maintains an archive of RC chip samples and all pulps and sample splits for future reference. Contacts: +-------------------------------------------------------+ | | | | Ariana Resources plc | Tel: 020 7407 3616 | |----------------------------------+--------------------| | Michael Spriggs, Chairman | | |----------------------------------+--------------------| | Kerim Sener, Managing Director | | |----------------------------------+--------------------| | | | |----------------------------------+--------------------| | Beaumont Cornish Limited | Tel: 020 7628 3396 | |----------------------------------+--------------------| | Roland Cornish | | |----------------------------------+--------------------| | | | |----------------------------------+--------------------| | Bankside Consultants | Tel: 020 7367 8888 | |----------------------------------+--------------------| | Michael Padley / Louise Davis | | |----------------------------------+--------------------| | | | |----------------------------------+--------------------| | City Capital Corporation Limited | Tel: 020 7842 5867 | |----------------------------------+--------------------| | Charles Dampney | | |----------------------------------+--------------------| | | | |----------------------------------+--------------------| | King & Shaxson Capital Limited | Tel: 020 7426 5986 | |----------------------------------+--------------------| | Nick Bealer | | +-------------------------------------------------------+ 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 Southern Africa and Australia. He has read and approved the technical disclosure in this regulatory announcement. Editors' note: About the Kiziltepe prospect The Kiziltepe prospect is located within a ten-year renewable operating licence that forms part of the Company's 100% owned Sindirgi gold project in Balikesir Province, western Turkey. Kiziltepe lies approximately 100km east of the one million ounce vein-hosted Ovacik gold mine and 115km northwest of the five million ounce Kisladag gold mine. The prospect hosts over 20km in strike length of gold-silver bearing low-sulphidation epithermal quartz veins across an area of at least 3km by 1km. Individual veins are exposed for up to 700m and widths vary between 1m and 14m. The main veins trend northwest, dip to the northeast and are hosted within Miocene age dacitic volcanic rocks. Ariana acquired the Sindirgi Gold Project from Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Newmont retains the right to a royalty of up to 2.5% on future gold production from the Sindirgi gold project. Ahead of commencing the drilling programme, Ariana obtained all necessary environmental and forestry approvals from the provincial government in Balikesir and the State Government in Ankara. About Ariana Resources Ariana is a dynamic exploration company focused on the discovery and development 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 selected on the basis of its advanced in-house remote sensing database. The Company's flagship asset is the Sindirgi Gold Project, which targets a series of prospects, within a prolific mineralised district in western Turkey. The project hosts over 45km of gold-silver bearing epithermal quartz veins. City Capital Corporation Limited and King & Shaxson Capital 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 ---END OF MESSAGE---
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