Ariana Resources, Head Closer to Production at Red Rabbit as Ore Stockpiling Begins

Ariana Resources (AAU:AIM) The Turkish near term gold and silver miner, released an update today on its Red Rabbit Gold-Silver project in Turkey. See RNS Below. It takes under 18 months to get a CIL plant up and running, Proccea are very experienced in the construction of CIL plants having built several of them over the years, both in Turkey and overseas, their track record is as below

• Vasgold Gold Mine, Kazakhstan
• Amesmessa-Trek Gold Mine, Algeria
• Çöpler Gold Mine, Turkey
• Eti Gümüs-Silver Mine, Turkey
• Kittila Gold Mine, Finland
• Koza Gold-Mastsa Gold Mine, Turkey
• Maaden Gold Mine, Saudi Arabia
• Tüprag (Eldorado Gold)/Klada Gold Mine, Turkey
• Minera Triton, Argentina
• Ouagadogou Gold Mine, Burkina Faso
• Tüprag (Eldorado Gold)/Kisladag
• Gold Mine, Turkey
• Zarcan-Takeb Gold Mine, Iran

So the question is, when is the best time to invest in a near term gold play?

Have a look at the diagram below

If you look at the projected cumulative cash flow and how that should elevate the share price, you are looking for a three fold increase in share price performance over the next three years, and I would suspect that within 12 months the stock could be around 2p if not higher meaning that if you invested now at 0.88p you would more than double your money, subject to Ariana maintaining its progress on permitting as I think funding Red rabbit will not be a problem

Se below details of RNS

Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and development company focused on Turkey, is pleased to announce an update on the Kiziltepe Sector ('Kiziltepe') of the Red Rabbit Gold-Silver Project in Western Turkey ('Red Rabbit'). The Kiziltepe Sector will be the initial mine site at Red Rabbit, which is being advanced towards production with its joint venture partner Proccea Construction Co. ("Proccea").

Highlights:

• Proccea continuing to earn-in on Red Rabbit, having spent approximately US$1.2 million during 2013.

• Proccea has indicated that a conditional financing arrangement to fund mine construction has been negotiated with a Turkish bank.

• Proccea now owns 26.5% of the project and is continuing sole-funding through the final permitting and construction stages.

• Trial mining at the Kiziltepe Sector has produced 4,800 tonnes of ore, which is stockpiled on site ready for processing.

• Positive report completed by the General Directorate of Mining Affairs following a site visit as part of the mining licence renewal process.

Dr. Kerim Sener, Managing Director, commented:

"We are very encouraged by the progress our Joint Venture partner Proccea has made on the Red Rabbit project and specifically at the Kiziltepe Sector which is being advanced towards production. Following the receipt of the Environmental Impact Assessment, which was a major project milestone, our partners are continuing to fund the development of Kiziltepe through the permitting and construction stages. With the final stage of permitting fast approaching, we look forward to updating our shareholders on new developments in due course."