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Ariana Resources plc : Successfully Passes Public and Ministerial Consultation for Red Rabbit Gold Project, Turkey



Ariana Resources plc : Successfully Passes Public and Ministerial Consultation
                     for Red Rabbit Gold Project, Turkey

                                       
 

2 April 2013
AIM: AAU

     PUBLIC AND MINISTERIAL CONSULTATION: RED RABBIT GOLD PROJECT, TURKEY

Ariana Resources plc  ("Ariana" or  "the Company"), the  gold exploration  and 
development company  focused  on  Turkey,  is pleased  to  announce  that  the 
Kiziltepe Sector  of  the  Red  Rabbit Gold  Project  in  Western  Turkey  has 
successfully passed the public and ministerial consultation process as part of
its Environmental  Impact Assessment  ("EIA") submission  to the  Ministry  of 
Environment and Urban Planning ("MEUP").  

Highlights:

  * Meeting attended  by approximately  100 people  from surrounding  villages 
    with no opposition to the proposed development of the mine at Kiziltepe. 

  * Site selected for the  mine and process plant  considered suitable by  the 
    Provincial  Directorate   in   subsequent   communication   with   Turkish 
    authorities. 

  * Clear path  to  production  for  2014 now  in  place  with  one  remaining 
    milestone: EIA positive certification, expected in Q3 2013. 

Dr. Kerim Sener, Managing Director, commented:

 

"The successful completion of the Public Consultation Meeting for the proposed
development of  a  mine at  Kiziltepe  is another  significant  milestone  for 
Ariana.  Having clearly presented our intentions in detail to a group of  over 
100 people  from the  surrounding  villages there  was  no opposition  to  the 
Kiziltepe development.   This  is testament  to  the regional  support  Ariana 
enjoys, which is an instrumental factor in developing a mine at the site.  

 

"Following the meeting, the  site selected for the  mine and process plant  at 
Kiziltepe were considered  suitable by the  Provincial Directorate.  The  next 
step is the  EIA positive  certification which,  following a  meeting for  the 
purposes of scoping the requirements for its completion last week, is expected
to be received during Q3 2013.  The successful completion of these  milestones 
provides us a clear  path forward as we  progress towards production  targeted 
for 2014.  We look forward to updating shareholders on further developments."

Public Consultation Meeting

 

On 14 March 2013, a Public Consultation Meeting was held at Yusufcami  Village 
in the district  of Sindirgi, Balikesir  Province.  This meeting  was held  in 
accordance with the  requirements of  the MEUP  as per  Article 9  of the  EIA 
Regulations and was chaired by a representative of the MEUP.  The meeting  was 
organised for the  purpose of  informing the public  and in  order to  receive 
their opinions.

The meeting provided  a presentation  of the  Kiziltepe Gold  and Silver  Mine 
given by the  EIA consultants, SRK  Consulting, followed by  a forum in  which 
questions could be asked.   Public participation in  the meeting comprised  of 
approximately 100 attendees from the  surrounding village areas of  Yusufcami, 
Yolcupinari  and  Coturtepe.   There  was   no  opposition  to  the   proposed 
development of the mine at Kiziltepe.  

Following the meeting and in a subsequent communication from the  Governorship 
of Balikesir, Provincial Directorate of  Environment and Urban Planning,  sent 
to the  Company on  the 20  March 2013,  the site  selected for  the mine  and 
process plant were considered suitable by the Provincial Directorate.

Ministerial Consultation Meeting

A meeting was held on 21 March 2013 at the MEUP in Ankara for the purposes  of 
finalising the  requirements  for  EIA  completion  among  various  government 
departments.  Participants of the scoping meeting included the representatives
from the General Directorate of State Hydraulic Works, General Directorate  of 
Meteorology, General Directorate  of Nature Conservation  and National  Parks, 
Provincial Directorate of Environment and Urbanization, Provincial Directorate
of Public Health, SRK Consulting and the Company.  The Provincial  Directorate 
of Food, Agriculture and Livestock and the General Directorate of Forestry did
not participate in the meeting but instead provided their written reports.

The representatives  of the  various  government departments  expressed  their 
views on the project and indicated that the required documents and information
relevant to  the EIA  were  provided to  their satisfaction.   Any  additional 
information required as relevant to the EIA was noted and will be provided  to 
the MEUP in due course.  All  additional information as requested by the  MEUP 
is considered by the Company to be necessary and routine.  

Contacts:

 

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
Frank Lucas
St Brides Media & Finance Ltd             Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst

Editors' note:

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 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 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  southeastern 
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 
Nominated Adviser.

For further  information on  Ariana you  are invited  to visit  the  Company's 
website at www.arianaresources.com.

Ends

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

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
the
information contained therein.

Source: Ariana Resources plc via Thomson Reuters ONE
HUG#1689057
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