Ariana Resources plc, (LON:AAU) the gold exploration and development company operating in Turkey, will be attending Gold, Bears and Traders conference this Saturday, 28 November. The Company will be at stand 20 in the Whittle Room and welcome investors both existing and potential to come and speak to the management team. CEO, Dr Kerim Sener will also be addressing the delegates at 13:40 on the main stage on the Company’s gold prospects in Turkey.
The Company will also attending Mines and Money, running from the 30 November to the 3 December and will be at stand C1. In addition, Ariana is pleased to announce the launch of its new corporate website, please visit http://www.arianaresources.com/ to see their latest updates.
Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing 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 Eldorado Gold Corporation in north-eastern Turkey. Eldorado owns 51% of this joint venture and are fully funding all exploration work on the JV properties, while Ariana owns 49%. The total resource inventory within this JV is 1.09 million ounces of gold.
Ariana Resources Plc’s flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both 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 and now form part of a Joint Venture with Proccea Construction Co. The total resource inventory at the Red Rabbit Project stands at 475,000 ounces of gold equivalent. Beaufort Securities Limited and Loeb Aron & Company Ltd. are joint brokers to the Company and Beaumont Cornish Limited is the Company’s Nominated Adviser.
