Ariana Resources Plc, a London-based gold exploration and development company focused on Turkey, has acquired the Muratdag Gold Project from Newmont Altin Madencilik Ltd Sirketi, a subsidiary of Newmont Mining Corporation. 

Ariana Resources Plc, a London-based gold exploration and development company focused on Turkey, has acquired the Muratdag Gold Project from Newmont Altin Madencilik Ltd Sirketi, a subsidiary of Newmont Mining Corporation.

Dr Kerim Sener, managing director of Ariana, commented: “The acquisition of the Muratdag Project has helped secure a foothold for the company in the highly prospective Muratdag exploration region, which is located approximately 130 km to the east of Sindirgi and 75 km south-east of Tavsan.”

Sener added: “The project is an advanced exploration asset, and its addition to the company’s exploration portfolio has further increased the value of our project pipeline in western Turkey.”

Ariana reported operating losses of £345 million in the six months to 31 August 2008.