Arian Resources Corp. announced, in association with Sinomine International Exploration (Hong Kong) Holding Co. Limited (Sinomine), the progress made on the first hole underway at the Kacinar gold project located in Albania.

The company reported that drilling on the first hole has now reached 154 meters. Since commencing on February 24th the drilling has progressed well, and has attained the goal of 30 meters per day production. Drilling will continue on a 24 hour per day, 7 days per week basis.

These zones range in thickness from 1.7 to 5.6 meters and commence at a distance of 35.3 meters down the hole with the deepest so far intersected at a depth of 138.3 meters. Core samples will be sent to ALS Minerals' facility in Bor, Serbia for sample preparation and then delivered to the ALS Minerals Romanian Laboratory for analysis. It is anticipated that this drilling program will require up to four months to complete and is budgeted to cost $1,000,000.

Kacinar Gold Project: Based on the geological, geochemical and geophysical results obtained to date, the company has unearthed what appears to be a new gold-bearing greenstone belt. Where suitable tectonic and intrusive activity has occurred greenstone belts can contain substantial gold deposits. Greenstone-hosted gold deposits currently provide over 13% of global gold production.

Within the Kacinar licence, there appears to be potential for two styles of mineralization. The first is quartz carbonate-sulphide shear-hosted veins as discovered in the company's drill testing program. The second is porphyry copper-gold mineralization associated with emergent core complexes as interpreted from the company's geophysical survey.

Analysis of drill core and surface trench samples from this area has resulted in 61 samples with grades greater than one gram per ton gold. Of these, 8 samples have between five and ten grams per tonne gold and 12 samples have greater than ten grams per tonne gold. The higher assay was 39.4 grams per tonne gold over one metre on drill hole GZJ1017.

Significant intersections include 1.51 grams per tonne gold over 14 metres thickness on drill hole GZJ1012 and 7.01 grams per tonne gold over six metres on drill hole GZJ1011. Note that these thicknesses are not necessarily true widths. Preliminary metallurgical test work indicates that 94% of the gold can be separated into a sulphide concentrate using standard floatation processes.

The gold occurs as separate grains associated with the sulphides. Following the completion of the drilling program an induced polarization geophysical survey was undertaken in the Gjazuj area. This survey reveals the presence of numerous high-priority resistivity and chargeability anomalies.

These are interpreted to represent both the shear-zone-hosted sulphide mineralization identified in the drilling and large sulphide-bearing intrusives lying immediately adjacent to and below the shear zones. The intrusives are further interpreted to represent porphyry copper-gold mineralization associated with the emergent core complexes. A number of high-priority targets have been identified for drill testing (target depths ranging from 50 metres to 250 metres).