Ariana Resources plc : Appointment of Joint Broker
25 March 2013
AIM : AAU
APPOINTMENT OF JOINT BROKER
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and
development company focused on Turkey, is pleased to announce the appointment
of Loeb Aron & Company Ltd. ("Loeb Aron + Co") as the joint broker to the
Company with immediate effect.
Dr. Kerim Sener, Managing Director, commented:
"We welcome Loeb Aron + Co as joint broker to the Company and look forward to
building the profile of Ariana, as we advance the flagship Red Rabbit Gold
Project in western Turkey through the mine permitting stage and in to
production, which is targeted to commence in 2014."
Ariana Resources plc Tel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
Beaufort International Associates Limited Tel: +44 (0) 20 7382 8387
Chris Rourke / Guy Wheatley
Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst
About Ariana Resources
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 is fully funding all exploration
work on the JV properties, while Ariana owns 49% and is the operator.
The Company's flagship assets are its Sindirgi 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 of the Company stands at 448,000 ounces of gold equivalent.
Ariana also has a strategic investment in Tigris Resources Limited
(www.tigrisresources.com), a private Jersey-based exploration company, which
is focused on the exploration of copper and gold deposits in south-eastern
Turkey. Ariana retains 11.5% of Tigris Resources Limited.
Beaufort International Associates Limited and Loeb Aron & Company Ltd. are
joint brokers to the Company and Beaumont Cornish Limited is the Company's
For further information on Ariana you are invited to visit the Company's
website at www.arianaresources.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Ariana Resources plc via Thomson Reuters ONE
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