Drilling Report

Ariana Resources PLC 10 January 2006 10 January 2006 AIM: AAU WIDE GOLD ZONE DEFINED AT ARZU NORTH, KIZILTEPE PROSPECT SECOND ADJACENT ANOMALY Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company focused exclusively on Turkey, announces further positive results from its Kiziltepe gold prospect in Balikesir province, western Turkey. A wide zone of gold mineralisation has been defined along at least 240m of strike length from channel sampling undertaken on the Arzu North vein. * 50m wide gold mineralized envelope defined along at least 240m of strike length * Intersection of 1.25g/t Au over 17.5m: parallel vein returned peak value of 14.2 g/t * Adjacent 900m by 300m gold in soil anomaly to be tested Arzu North Vein Since November, a field team from the Company's Turkish operating subsidiary, Galata Madencilik San. ve Tic. Ltd. Sti. ('Galata'), has completed a series of seven trenches across the Arzu North vein which have been channel sampled at regular 1m intervals, cut using a diamond saw. The channels (up to 55m in length) were spaced at approximately 40m intervals along a strike length of 240m. All seven channels intersected gold mineralisation within a series of parallel quartz veins, stockwork material and andesite host rock. Higher grade gold intercepts include 1.25 g/t over 17.5m, 1.54 g/t over 16.5m,1.44 g/t over 15.6m, 1.23 g/t over 14.6m, and 2.12 g/t over 12.0m (true thicknesses). The system is open in all directions, with several trenches terminating in mineralisation. Vein textures and trace element data are indicative of the upper part of an epithermal system and, supported by historic drill data, gold grades are expected to increase with depth. Selected intersections from the Arzu North vein are presented in Table 1 below. Soil Anomaly & Ceylan Vein The Arzu North vein occurs immediately to the east of a large gold in soil anomaly up to 900m long and typically up to 300m wide, as defined by a >100 ppb gold contour of historical data that was acquired with the Kiziltepe prospect. Mapping of the area has identified at least one parallel quartz vein (Ceylan vein). Systematic composite rock-chip sampling across the Ceylan vein and stockwork, which averages between 1m and 2m in outcrop, has identified consistent gold mineralisation along 300m of strike length, including a higher gold grade section averaging 12.6 g/t over 32m of strike length, with a peak grade 14.2 g/t. Steven Poulton, Chief Executive, commented: 'The discovery of such a consistent area of gold mineralisation, open in all directions, in and around the Arzu North vein is very encouraging. Furthermore, the adjacent large gold in soil anomaly and parallel higher gold grade (up to 14.2 g/t) Ceylan vein provides further evidence of the presence of a significant gold system at the Kiziltepe prospect. This find is a further powerful demonstration of the effectiveness of our exploration approach. Given that we hold 56 licences in Turkey, with exploration aggressively underway, we are confident that our technology driven methodology will lead to further discoveries.' Table 1: Selected channel Intersections from the Arzu North Vein. Line Number Intersection Width (m) Intersection Grade (g/t Au) AN1 5.00 1.21 AN4 10.00 0.78 & AN4 14.60 1.23 AN7 8.00 1.06 & AN7 17.50 1.25 AN10 15.60 1.44 AN13 12.00 2.12 AN18 5.00 1.03 & AN18 8.50 1.26 AN19b 16.50 1.54 Notes: No top cut has been applied to assay results. Intersection based on a 0.5 g/t cut off grade. Ahead of commencing the channel sampling programme, Galata obtained all necessary environmental and forestry approvals from the provincial government in Balikesir. A map detailing the results described in this release is available at the Company's website: www.arianaresources.com. Contacts: Ariana Resources plc Steven Poulton, Chief Executive Tel: 01235 511 767 s.j.poulton@arianaresources.com Mobile: 0797 408 6712 Bankside Consultants Michael Padley / Susan Scott Tel: 020 7367 8888 Editors' note: About Kiziltepe The Kiziltepe prospect is located within a ten-year renewable operating licence that forms part of the Company's 100% owned 235km2 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 deposit. The prospect hosts over 19km 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 NW, dip to the northeast and are hosted within Miocene age andesitic volcanic rocks. The majority of exploration work to date has focused on the Arzu vein, where results from drilling by previous owners include intersections of 7.23 g/t over 10m and 10.55 g/t over 7.5m. Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC) retains the right to a royalty of up to 2.5% on future gold production from Kiziltepe. Sampling and Assaying Procedures The Arzu North vein programme consisted of the collection of 350 samples of 1m in length. Of these, 239 samples returned grades of less than 0.5 g/t Au (69% of the total), 51 samples between 0.5-1 g/t Au (14.5% of total), 55 between 1-5 g/t Au (15.5% of total) and 4 samples assayed above 5 g/t Au (1% of total), with a peak grade of 5.86g/t. The Ceylan vein programme consisted of the collection of 42 composite rock chip samples. Of these, 12 samples returned grades of less than 0.5 g/t Au (29.5% of the total), 8 samples between 0.5-1 g/t Au (19% of total), 15 between 1-5 g/t Au (36% of total) and 7 samples above 5 g/t Au (16.5% of total), with a peak grade of 14.2 g/t Au. All samples have been prepared by the ALS Chemex preparation facility in Izmir and assayed by fire assay at the ALS Chemex laboratory in Vancouver. Re-assaying of all samples assaying greater than 10 g/t gold has also been completed by ALS Chemex. Regular standard, blank and duplicate samples are being used in the sample sequence in line with the Company's quality control procedures. Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. 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 the Northern Territory of Australia. He has read and approved the technical disclosure in this regulatory announcement. About Ariana Resources Ariana is a technology-driven exploration company focused on the discovery of multi-million ounce potential epithermal gold-silver and porphyry copper-gold deposits 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. Ends This information is provided by RNS The company news service from the London Stock Exchange
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