Ariana Resources plc - (AIM ticker: AAU)
website: www.arianaresources.com



2009
Ariana Resources is exploring for, acquiring and developing economic gold deposits in Turkey, concentrating on the Tethyan metallogenic belt, which is believed to host a multi-million ounce world-class deposit. Its 100%-owned flagship project is the Western Turkey Sindirgi encompassing three main prospects: Kiziltepe with a current JORC resource of 186,000 oz gold equivalent; Kepez, and Karakavak, over all of which Ariana holds two ten year renewable operating licences. Also in Western Turkey, Ariana owns 100% at Ivrindi and Demirci which have undergone initial drilling and of the Tavsan gold project with an initial JORC resource of 215,000 oz of gold equivalent and the longer term Muratdag project.

Ariana is a 49% joint venture partner with European Goldfields on designated properties in North East Turkey with the latter fully funding an exploration programme with significant projects to be advanced to bankable feasibility, while also taking a near 20% equity interest in Ariana. The joint venture company is targeting deposits containing in excess of 1 million oz. of gold. Turkey is a politically stable country with an established mining industry and 2.5% of the world’s industrial mineral resources.

2008
Ariana Resources is exploring for, acquiring and developing economic gold deposits in Turkey, concentrating on the Tethyan metallogenic belt, which is believed to host a multi-million ounce world-class deposit. Its flagship project is the 235 sq. km. Sindirgi project acquired from Newmont in 2005, with a current JORC resource of 160,000 oz gold equivalent. Ariana has since acquired from TSX-listed Odyssey Resources the contiguous Tavsan gold project and has recently announced an initial JORC resource of 215,000 oz of gold equivalent which it expects to be able to expand significantly through a scheduled programme of additional drilling, with preparations now underway for a scoping study on a 30,000 oz per annum heap-leach operation. Ariana also has a joint venture agreement covering its north-eastern Turkey projects with European Goldfields Limited, now a 20% Ariana shareholder. Meanwhile the impact of the global credit crisis, the weakening US Dollar, and rising levels of inflation are expected to continue to sustain and enhance the record gold price levels seen over the past year and thus Ariana’s own potential.

2007
Ariana Resources focuses on exploring for, acquiring and developing economic gold deposits in Turkey, concentrating on the Tethyan metallogenic belt, which is believed to have the potential to host a multi-million ounce world-class deposit. The company portfolio extends over 1,820 sq km under 114 exploration permits across Turkey, as a result of its active Ariana Resources focuses on exploring for, acquiring and developing economic gold deposits in Turkey, concentrating on the Tethyan metallogenic belt, which is believed to have the potential to host a multi-million ounce world-class deposit. The company portfolio extends over 1,820 sq km under 114 exploration permits across Turkey, as a result of its active