Arian Resources Corp. and Sinomine Resource Exploration Co., Ltd. concluded the 12 hole drill program totaling over 5,000 meters related specifically to evaluating the development potential of the Perlat high-grade copper-gold-silver-zinc project in Albania a month ahead of schedule. Drill results are expected shortly and will be released as they are received. A geological report on the work program is expected by the end of January 2015. The Perlat property comprises 290 hectares of exploitation permit with a further 2,305 hectares of exploration permit within a district-scale, multi-element volcanogenic massive sulphide belt. After acquiring the property in 2006 Balkan Resources Inc. drilled 18 holes totaling over 4,600 metres. Hole P-
32-2008 confirmed the previous results of the mineralization in the northern portion of the Perlat deposit. From a depth of 316.1 m, a 7.02 m zone of mineralization was intersected which contained 7.33% copper, 6.31 grams per tonne gold, 31.46 g/t silver and 0.16% zinc. A resource estimate was completed in May 2014 using data made available from the previous operators of the property and surrounding exploration area. The data included 5,489 copper assay results from 529 drill holes. Historically samples were sporadically analyzed for gold, silver, zinc and cobalt. Where results are available there is a good correlation between elevated copper and elevated gold values. Eighty-eight 3-D wireframes were created to represent the massive sulphide lenses. The assay results from 242 drill holes that passed through the solids were used to estimate the mineral resource. The copper results within the solids were capped at 13.5%, and composites with a length of 2.5 metres were produced. A block model with blocks 10m by 10m by 5m in dimension was interpolated for copper using ordinary kriging. Specific gravities were assigned to the mineralized portions of blocks based on estimated copper grades. A total inferred mineral resource of 4.66 million tonnes averaging 2.12% Cu using a cut-off of 1.1% Cu was interpolated.