Shares in Ariana Resources were 8% higher after reports emerged suggesting that Turkey’s mine permitting bottleneck may be about to be unblocked.
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Ariana Resources plc is an AIM-listed gold exploration and development company. Ariana's advanced projects are located in western Turkey. Production is currently scheduled to start in 2014 on the Red Rabbit Gold Project. Ongoing exploration is fulfilled through our own work in western Turkey, via joint venture (Eldorado Gold) and strategic investment (Tigris Resources). Ariana is spearheaded by an experienced management team, which aims to discover and develop new gold mines.