Arian Resources Corp. and Sinomine Resource Exploration Co., Ltd. have completed the second drill hole of a 5,000 meters drill program related specifically to the development of the Perlat high-grade copper-gold project in Albania. The second drill hole reached the planned target depth of 352.02 meters and drilling has commenced on further holes.

There are now three drill rigs operational at Perlat, with a team from Sinomine executing the drilling program. Drill hole # 3 (14BRP006) has reached a depth of 196 meters and drill hole # 4 (14BRP009) has reached a depth of 249 meters. Both companies see the potential to advance the Perlat project, which has a current high-grade copper-gold inferred resource to production.

To this end, the objectives of the $3 million drill program are to assist in determining the requirements and feasibility of putting Perlat into production. It will include confirmatory drilling and due diligence with respect to the historic drilling, and technical and financial evaluation of putting Perlat into production. The drill program will consist of 10-14 drill holes designed to confirm the results of the historic drilling.

Sinomine is executing the drill program under Arian's supervision and the program is expected to be complete by the end of 2014.