AGM Statement>
AGM Statement
(Thomson Reuters ONE) - 29 June 2009AIM / PLUS Markets: AAU AGM STATEMENTAriana Resources plc ("Ariana" or "the Company"), the goldexploration and development company focused on Turkey, confirms thatall of the resolutions put to shareholders at the Company's AnnualGeneral Meeting held today were duly passed. The Chairman, MichaelSpriggs made the following comments:"2008 was a year of significant progress for the Company and we havemaintained the pace of this progress, despite the trying marketconditions which unfolded late last year. Importantly, we have takenthe step of moving from a pure exploration company to an explorer anddeveloper of gold resources in Turkey."We currently hold a gold equivalent JORC resource of over 400,000ozs and are focusing our development efforts on the Sindirgi andTavsan projects in western Turkey. At the Sindirgi Project wecommenced trial mining and processing at Kiziltepe. Also, the recentsampling at Kepez has provided further encouragement and we are nowplanning to drill this prospect. The first production of gold fromthe Kiziltepe trial mine was announced to shareholders this morning. I would like to take the lead in congratulating the team onachieving this historic milestone. We also wish to thank our trialmining/processing partners, Eti Gümüs A.S., for their efforts and welook forward to developing our working relationship further.Discussions are currently underway for an extension to the initialtrial at Kiziltepe. Moreover, an interest has been expressed by bothparties in working together to formalise a partnership on both theSindirgi and Tavsan projects."The invaluable experience gained from trial mining has helped yourCompany to re-evaluate its strategic options for the development ofthe Sindirgi and Tavsan projects. We are currently considering theparallel development of both projects, whereby high-grade ore ismined from Kiziltepe and trucked approximately 125km to a heap-leachat Tavsan. In this sense, the two deposits are considered as asingle integrated project, with a current Measured and Indicated goldequivalent resource of 230,000 oz at a blended grade of 3.8 g/t Au.Ariana intends to pursue the advancement of this option via afeasibility study based on a conceptual production rate of 30,000 ozper year over 7 years. The Company has provisionally named thisproject 'Kizil Tavsan' (Red Rabbit) and will be referred to as suchin future announcements."The Company has also taken the strategic decision to re-initiateinnovative grassroots exploration in Turkey, with the primary aim ofmaking a truly new gold deposit discovery and the secondary aim ofidentifying satellite resources for the Red Rabbit project to securea project life in excess of 10 years. Ariana's management teambelieves that there remains serious opportunity to identifyundiscovered deposits in the region, and your Company is positioningitself accordingly. Meanwhile, our Joint Venture with EuropeanGoldfields in northeastern Turkey continues to make new discoveriesof its own. The recently identified high-grade Salinbas Target onthe periphery of the Ardala porphyry system demonstrates the meritsof well-funded methodical exploration. The early identification ofprospectivity in the region surrounding the Ardala copper-gold systemby the Ariana team is proof positive of the targeting techniquesemployed by your Company, and the success of the Joint Ventureexploration team. We are, therefore, confident of furtherexploration success."Our intention is to grow your Company through the success of thesenew exploration activities and via mine development at our advancedprojects. To achieve the kick-start that this ambitious two-prongedstrategy will require, we will be pursuing an appropriate financingpolicy in the months ahead."Contacts:Ariana Resources plc Tel: 020 7407 3616Michael Spriggs, ChairmanKerim Sener, Managing DirectorBeaumont Cornish Limited Tel: 020 7628 3396Roland CornishLothbury Financial Tel: 020 7011 9411Michael Padley / Libby MossAlexander David Securities Limited Tel: 020 7448 9820Nick Bealer / David ScottLoeb Aron & Company Ltd Tel: 020 7628 1128Peter Freeman / Frank LucasEditors' note:Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director ofAriana Resources plc. A graduate of the University of Southampton inGeology, he also holds a Master's degree from the Royal School ofMines (Imperial College, London) in Mineral Exploration and adoctorate from the University of Western Australia. He is a Fellowof The Geological Society of London and has worked in geologicalresearch and mineral consultancy in Southern Africa and Australia. He has read and approved the technical disclosure in this regulatoryannouncement.About Ariana ResourcesAriana is an exploration and development company focused onepithermal gold-silver and porphyry copper-gold deposits in Turkey.The Company is exploring a portfolio of prospective licences selectedon the basis of its in-house geological and remote-sensing database,on its own in western Turkey and in Joint Venture with EuropeanGoldfields Limited in north-eastern Turkey.The Company's flagship assets are its Sindirgi and Tavsan goldprojects. Both projects contain a series of prospects, within twoprolific mineralised districts in the Western Anatolian Volcanic andExtensional (WAVE) Province in western Turkey. This Province hoststhe largest operating gold mines in Turkey and remains highlyprospective for new porphyry and epithermal deposits. These coreprojects, which are separated by a distance of 75km, are presentlybeing assessed as to their economic merits. The total resourceinventory of the Company stands at 401,000 ounces of goldequivalent.Loeb Aron & Company Ltd. and Alexander David Securities Limited arejoint brokers to the Company and Beaumont Cornish Limited is theCompany's Nominated Adviser.For further information on Ariana you are invited to visit theCompany'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.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="ABLYNX ANNOUNCES A NOVEL PRECLINICAL DEVELOPMENT CANDIDATE TARGETING
IL6R>
">
Datum: 29.06.2009 - 11:33 Uhr
Sprache: Deutsch
News-ID 1002395
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
London
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 708 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AGM Statement>
"
steht unter der journalistisch-redaktionellen Verantwortung von
Ariana Resources plc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
