Oct 02nd 2012 - Edison Investment Research today published a report on Ariana Resources (AAU.L, LSE:AAU, LON:AAU) entitled "10-yr Operational Licence Approved". In summary, the report says:
Ariana announced today that it had received operational status for a ten-year period for its exploration-stage Kizilcukur project from the General Directorate of Mining Affairs in Turkey. Ariana now intends to commence a 1,500m drilling programme in Q213. This is a key step forwards in its strategy to expand its resource inventory to 1Moz of gold or gold equivalent.
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