High Grades from Kepez Prospect

ARIANA RESOURCES plc 13 May 2009 AIM / PLUS Markets: AAU HIGH GRADES FROM KEPEZ PROSPECT Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce the results of a new rock-chip and float sampling programme at its Kepez gold prospect in Balikesir Province, western Turkey. Highlights * Continuous zone of high-grades over sampled area, with an average of 7.14 g/t Au, and maximum of 41.8 g/t Au * Sampled area shows grade continuity and covers 90m by 60m * Sub-surface extensions of the mineralised area to be tested by drilling * Potential for a short-term mining operation independent of Kiziltepe Dr. Kerim Sener, Managing Director, commented: "We are very encouraged by the latest results from the Kepez prospect. Earlier surface exploration had shown the potential for a small near surface resource at this location, which we felt deserved revisiting following the commencement of trial mining operations at the nearby Kiziltepe prospect. "The latest sampling has confirmed the potential for high grades within the mineralised zone and we will now drill the area to determine the size of the in-situ resource. We believe that Kepez has the potential to yield a small high-grade resource amenable to trucking and processing off site." Details of Programme The Company has completed further surface sampling at the Kepez Prospect (located 6.5km to the ENE of Kiziltepe), where previous sampling yielded high grades along a 100m portion of the Karakaya Vein (Figure 1). This part of the vein shows evidence of previous mining activity and earlier drilling had encountered voids which probably correspond to old workings. Ariana is currently re-evaluating this area for the purposes of identifying the potential for a low-cost mining operation focused on near surface high grade material. In March 2009, a field team from Ariana's subsidiary, Galata Madencilik San. ve Tic. Ltd. Sti, undertook a comprehensive float and rock-chip sampling programme over an area covering the Karakaya Vein. This sampling programme was designed to confirm the distribution of near surface mineralisation over the central portion of the vein from which earlier channel samples, which were taken across and partly down-dip of the vein, had reported good grades (as first announced on 2nd February 2006). Sampling was undertaken on a grid consisting of eight north-south trending lines of 100m length and 10m spacing. Samples were taken every 10m along the lines and at each sample location randomly selected outcrop or float samples were collected as composites from a circular area with 5m radius around the sample point. This ensured that the 8,000m² area was comprehensively sampled with minimum bias. High grades were obtained, especially towards the southerly extent of the sampling grid. The maximum grades reported by the composite rock-chip and float samples in this area were 26.5 and 41.8 g/t Au respectively. The high grades recorded from the southern part of the grid demonstrate grade continuity in this direction. While drilling in 2007 demonstrated that high grades are not maintained at depth, the current sampling suggests that significant mineralisation exists in the top 50m of the vein. This area will be tested by several short drill holes to prove the sub-surface extent of this shallow mineralisation and to enable an estimate of the resource to be made. Sampling and Assaying Procedures The Kepez programme consisted of the collection of 80 composite float and rock-chip samples of quartz vein material. The composite rock-chip samples were collected from in-situ rock from the vein outcrops. The composite float samples (a) included both weathered material and/or mined rejects; (b) represent scree which has moved downhill; and (c) were obtained from a blanket of broken rock which is not more than a few metres thick. Of the rock-chip samples none returned grades less than 0.25 g/t Au (0% of the total); 3 samples assayed between 0.25-1 g/t Au (10% of total), 9 between 1-5 g/t Au (30% of total) and 18 samples above 5 g/t Au (60% of total), with a peak grade of 26.5 g/t Au. Of the float samples, 4 returned grades of less than 0.25 g/t Au (8% of the total), 3 samples between 0.25-1 g/t Au (6% of total), 17 between 1-5 g/t Au (34% of total) and 26 samples above 5 g/t Au (52% of total), with a peak grade of 41.8 g/t Au. The average (arithmetic means) of the gold grades were respectively 7.08 g/t Au and 7.17 g/t Au for the rock-chip and float samples. All samples were 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 has also been completed by ALS Chemex. Regular standard and blank samples are being used in the sample sequence in line with the Company's quality control procedures. Every sample was photographed and analysed using a hand-held XRF instrument prior to assay at ALS Chemex. Contacts: Ariana Resources plc Tel: 020 7407 3616 Michael Spriggs, Chairman Kerim Sener, Managing Director Beaumont Cornish Limited Tel: 020 7628 3396 Roland Cornish Lothbury Financial Tel: 020 7011 9411 Michael Padley / Libby Moss Alexander David Securities Limited Tel: 020 7448 9820 Nick Bealer / David Scott Loeb Aron & Company Ltd Tel: 020 7628 1128 Peter Freeman / Frank Lucas 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 Southern Africa and Australia. He has read and approved the technical disclosure in this regulatory announcement. About the Kepez Prospect The Kepez prospect is located within the same 36km² ten-year renewable operating licence that hosts the Company's Kiziltepe prospect, which forms part of the Company's 100% owned Sindirgi gold project in Balikesir Province, western Turkey. Kepez lies 6.5km away from the current trial production area in the Kiziltepe Prospect. Ariana is currently assessing the potential of Kepez to yield a small high-grade resource amenable to open-pit mining. The prospect contains 3km of gold-silver bearing low-sulphidation epithermal quartz veins across an area of at least 2km by 0.5km. Individual veins are exposed for up to 600m and widths vary between 2m and 25m. The main veins trend N and NE, and are hosted either within Lower Miocene dacitic volcanic rocks or on the boundary between these rocks and underlying Upper Cretaceous ophiolitic sedimentary rocks. Three main vein systems have been defined by geological mapping, rock-saw channel and rock-chip sampling, the most important of which is the Karakaya Vein. Existing drilling on the Karakaya Vein shows that it dips between 40 degrees and 50 degrees to the west and is developed along the contact between underlying ophiolitic rocks and overlying dacitic volcanic rocks. The Karakaya Vein was sampled during a rock-saw channel sampling programme conducted along the vein outcrop in 2006. Surface results on the Karakaya vein have been encouraging over 100m of strike, from which high grades have been encountered, although previous follow-up drilling of the down-dip extensions have tended to encounter lower grades. 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 exploring 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 European Goldfields Limited in north-eastern Turkey. The Company's flagship assets are its Sindirgi and Tavsan gold projects. Both projects 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. The total resource inventory of the Company stands at 401,000 ounces of gold equivalent. Loeb Aron & Company Ltd. and Alexander David Securities Limited are joint brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser. For further information on Ariana and an illustrated version of this announcement you are invited to visit the Company's website at www.arianaresources.com. Ends ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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