Arian Resources Corp. and Sinomine Resource Exploration Co. Ltd. announce that they have completed the first 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 first drill hole went to a depth of 350 meters and the second drilling has commenced on the second hole, which is also expected to reach a depth of 350 meters. Both companies see the potential to advance the Perlat project, which has a high-grade historic copper-gold resource, to production. To this end, the objectives of the $3 million drill program are to determine 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 and is expected to be completed by December 2014. Sinomine is executing the drill program under Arian's supervision.