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Pin to quick picksAriana Regulatory News (AAU)

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Acquisition of Surface Rights

18 Jul 2007 07:01

Ariana Resources PLC18 July 2007 18 July 2007AIM: AAU ACQUISITION OF SURFACE-RIGHTS: KIZILTEPE PROSPECT Ariana Resources plc ("Ariana" or "the Company"), the gold exploration companyfocused on Turkey, is pleased to announce the acquisition of surface-rights onpart of the Arzu South Vein at the Kiziltepe Prospect. Highlights • Three blocks of land purchased for a total of 28,775m2 • Surface-rights over half of the Arzu South Vein have been secured • Necessary operational and environmental permits are in place • Bulk-sampling of the Arzu Vein to be initiated by September 2007 The Company has completed the purchase of three registered blocks ofagricultural land which lie above the indicated resource at the Arzu South Vein.The land acquired totals 28,775m2 and covers half of the total exposed ArzuSouth vein system. A payment of 31,900 YTL (approx. £12,300) has been made tothe original land-owners, representing a cost of approximately 43 pence permetre squared. The deeds have been transferred to our operating subsidiary inTurkey (Galata Madencilik San. ve Tic. Ltd. Sti.). The acquisition ofsurface-rights complement the mining, forestry and other permits the Company hasalready secured for part of the Kiziltepe prospect. The purchased land provides the Company with secure surface-rights over animportant part of the Arzu vein system. This is significant as approximately 100tonnes of material is scheduled to be extracted from the vein by bulk-samplingin September 2007, which will involve modification of the ground surface. Thistrial-mining will help to derive important operational data for a scoping studyand provide adequate material for second-stage metallurgical test-work. Dr. Kerim Sener, Managing Director, commented: "The acquisition of the surface-rights represents an important step for theCompany towards achieving its objective of establishing an operation atKiziltepe. Towards the end of the year we will initiate bulk-sampling from anarea of the Arzu vein system as part of our planned scoping study. The purchaseof overlying agricultural land and our existing forestry permits provide us withthe ability to undertake this trial mining." "We would also like to take this opportunity to express our gratitude to thepeople of Sindirgi, who encourage our activities at Kiziltepe. The purchase ofthe land took only ten days to conclude, a feat made possible by this invaluablesupport. The acquisition demonstrates that Ariana has both the capability andthe necessary community backing to achieve its longer term aims at Kiziltepe." Contacts: Ariana Resources plcMichael Spriggs, ChairmanKerim Sener, Managing Director Tel: 0207 407 3616info@arianaresources.comBeaumont Cornish Limited Tel: 0207 628 3396 Roland CornishBankside ConsultantsMichael Padley / Louise Davis Tel: 0207 367 8888 Editors' note: About Ariana Resources Ariana is a dynamic exploration company focused on the discovery and developmentof epithermal gold-silver and porphyry copper-gold deposits with multi-millionounce potential within the Tethyan metallogenic belt of Turkey. The Company hasa portfolio of prospective licences covering 1,820km2, selected on the basis ofits advanced in-house remote sensing database. The Company's flagship asset is the 235km2 Sindirgi Gold Project, which targetsa series of prospects, within a prolific mineralised district in western Turkey.The project hosts over 45km of gold-silver bearing epithermal quartz veins. Ambrian Partners Limited and King & Shaxson Capital Limited are joint brokers tothe Company and Beaumont Cornish Limited is the Company's nominated adviser. For further information on Ariana you are invited to visit the Company's websiteat www.arianaresources.com. Ends This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
1st May 20144:35 pmRNSPrice Monitoring Extension
1st Apr 20107:00 amRNSPlacing to raise ?1,000,000
17th Dec 20097:00 amRNSRed Rabbit Joint Venture Update
7th Aug 20094:01 pmPRNHolding(s) in Company
25th Jun 20087:00 amRNSCompletion of Acquisition
13th May 20086:00 amRNSTavsan Project Update
21st Apr 20087:01 amRNSJoint Venture
5th Sep 20077:00 amRNSDrilling to Commence
28th Aug 20079:05 amRNSChange of Broker
22nd Aug 200711:15 amRNSAGM Statement
21st Aug 20077:00 amRNSMetallurgical Results
17th Aug 200712:33 pmRNSRule 26 Website
13th Aug 200710:29 amRNSHolding in Company
9th Aug 20078:00 amRNSShares trading on PLUS
25th Jul 20077:00 amRNSManager Appt, Office Change
18th Jul 20077:01 amRNSAcquisition of Surface Rights
16th Jul 20079:46 amRNSHolding in Company
11th Jul 20077:00 amRNSAcquisition of Prospect
6th Jul 200712:44 pmRNSSignificant Shareholding
28th Jun 20077:02 amRNSTavsan Exclusivity Agreement
26th Jun 20079:00 amRNSFinal Results
10th May 20077:01 amRNSResource Estimate
21st Mar 20078:37 amRNSKillick Drilling Results
15th Mar 200711:20 amRNSDirectorate Change
8th Feb 20077:01 amRNSVein 4 1st Drilling Results
16th Jan 20078:30 amRNSKinik Drilling Underway
8th Jan 20077:01 amRNSPositive Drilling Results
22nd Dec 20069:00 amRNSTotal Voting Rights
11th Dec 20069:00 amRNSGoveli Update
27th Nov 200612:38 pmRNSShareholding
20th Nov 20068:38 amRNSSignificant Initial Drilling
17th Nov 20068:30 amRNSJoint Broker appointed
31st Oct 20068:30 amRNSEastern Turkey update
11th Oct 20068:46 amRNSLicence Portfolio Increase
29th Sep 20061:11 pmRNSInterim Results-Replacement
29th Sep 20067:04 amRNSInterim Results
13th Sep 200611:48 amRNSIssue of Equity
8th Sep 200612:17 pmRNSDirectorate Change
23rd Aug 20068:30 amRNSKiziltepe Drilling Underway
9th Aug 20069:00 amRNSAcq. of exploration licences
19th Jul 20063:30 pmRNSAGM Statement
3rd Jul 20068:36 amRNSDirectors' Shareholdings
21st Jun 20069:08 amRNSFINAL RESULTS
23rd May 20069:42 amRNSHolding in Company
11th May 20068:56 amRNSPlacing and Drill Programme
27th Apr 20068:30 amRNSNew Gold Zone Discovery
25th Apr 20068:34 amRNSWide Gold Zone Confirmed
30th Mar 20069:45 amRNSExploration Update
16th Feb 20067:01 amRNSFurther re exploration
2nd Feb 20067:00 amRNSKepez Sampling Results

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