Kepez Sampling Results

Ariana Resources PLC 02 February 2006 02 February 2006 AIM: AAU HIGH GRADE INTERSECTS OBTAINED AT KEPEZ GOLD PROSPECT Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company focused exclusively on Turkey, announces the results from initial rock-chip channel sampling at its 100% owned Kepez gold prospect in Balikesir Province, western Turkey. The results confirm high gold and silver grades, with all five channels sampled intersecting significant mineralisation. * Best intersects of 8.68 g/t Au over 16m and 6.28 g/t Au over 11m * Peak grades of 23.5 g/t Au and 99.1 g/t Ag * Kepez prospect hosts over 2.5km of quartz veins mapped by Ariana to date In December a field team from the Company's Turkish operating subsidiary, Galata Madencilik San. ve Tic. Ltd. Sti. undertook rock-chip channel sampling along a 100m section of the Karakaya Vein (KV) at the Kepez gold prospect. The programme was designed to verify the gold grades and widths at surface indicated by historical drill data. Results from the first five channels, measuring up to 16m wide and spaced approximately 25m apart along the vein, have been received and are presented in Table 1 below. All five channels intersected gold mineralisation with higher grade intercepts of 6.28 g/t over 11m (channel #2) and 8.68 g/t Au over 16m (channel #4). Significantly, channel #4 ended in vein grading above 8 g/t Au at each end. KV has been mapped for 475m and remains open along the strike. It is considered to be the source of the recently announced grab sample which assayed 19.66 g/t Au. The presence of broken rock immediately down slope and the logging of 'voids' in historic (1992) drill data indicate that artisanal scale mining has possibly been undertaken on KV. Completion of the channel sampling programme and investigation of a significant (1.7km by 1.8km) satellite defined (ASTER) target, located 0.5km south of and potentially associated with KV, will resume in April once recent snow cover has cleared. Steven Poulton, Chief Executive, commented: 'The early discovery of such a wide and high grade zone of gold mineralisation at the Kepez prospect is very positive. Over 2.5km of veins have already been mapped by Ariana to date and further work is required to systematically test the whole prospect area.' Kepez lies only 6.5km northeast of and within the same Operating Licence as the Company's Kiziltepe prospect, where approximately 20km of veins have been mapped and on which we announced positive results in January. The two prospects of Kepez and Kiziltepe form part of the 224km2 Sindirgi Gold Project, which we acquired from Newmont Mining Corporation in 2005. While at least three additional prospect areas remain to be tested by Ariana at Sindirgi, the project is clearly starting to exhibit many of the hallmarks associated with the presence of a major gold system.' Table 1: KV rock-chip channel sample results Line Intersection Width (m) Gold Grade (g/t Au) Silver Grade (g/t Ag) Number 1 1 3.42 7.00 2 11 6.28 34.39 Includes 5 12.25 51.46 3 14 2.43 23.18 Includes 5 4.25 38.40 4 16 8.68 58.92 Includes 6 11.75 72.93 5 4 1.62 57.53 Notes: No top cut has been applied to assay results. Intersection based on a 0.5 g/t cut off grade. A map detailing all of 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 Kepez The Kepez prospect is located within the same 36km2 ten-year renewable operating licence which hosts the Company's Kiziltepe prospect, that forms part of the Company's 100% owned 224km2 Sindirgi gold project in Balikesir Province, western Turkey. Sindirgi 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. Ariana has mapped over 2.5km in strike length of gold-silver bearing low-sulphidation epithermal quartz veins at Kepez, across an area of at least 2km by 1km. Individual veins are exposed for up to 850m and widths vary between 1m and 25m. The main vein trends northward, dips to the west at 50 degrees and is hosted along the contact between Miocene age andesitic volcanic rocks and Cretaceous ophiolitic units. The majority of exploration work to date at Kepez has focused on the KV vein, where results from drilling by previous owners include intersections of 6.9 g/t over 4m and 2.2 g/t over 1m. Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC) retains the right to a royalty of up to 2.5% on future gold production from Kepez. Sampling and Assaying Procedures The KV programme consisted of the collection of 86 composite rock-chip samples of 1m in length. Of these, 40 samples returned grades of less than 0.5 g/t Au (46% of the total), 6 samples between 0.5-1 g/t Au (7% of total), 24 between 1-5 g/t Au (28% of total) and 16 samples assayed above 5 g/t Au (19% of total), with a peak grade of 23.5 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 and blank 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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