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Mariana Resources Ltd.
Summary
| Project: | Ergama | |
|---|---|---|
| Deposit: | Ergama | |
| Location: | Turkey | |
| Commodities: | Gold-Copper | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: Mariana Resources Ltd. announces an Exploration/Drilling Update report for its Ergama deposit at the Ergama project. Drilling results incl. 626.4m @ 0.18g/t Au from 0m. Mariana Resources Limited ('Mariana' or 'the Company'), the TSX.V and AIM ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eric Roth (Internal) | |
| ABSTRACT: | Mariana Resources Limited ('Mariana' or 'the Company'), the TSX.V and AIM (MARL) listed exploration and development company with projects in Turkey, South America, and Côte d'Ivoire, is pleased to provide the following update on the maiden diamond drill program currently underway at its 100%-owned Ergama gold-copper project in Balikesir province, western Turkey (Figure 1). To date, three of the seven proposed drill holes (ERD-01 to ERD-03, for a total meterage of 1,522m) have been completed, with assays having now been received for the first two holes (Figures 2-4). Targets to be tested in this initial drill program include the northern margins of two porphyry gold-copper ("Au-Cu") targets (the Main Porphyry Target and Porphyry Target B), in addition to a high grade, vein / fault-hosted epithermal gold-silver target. The Ergama project licence covers an area of 2,168 Ha (21.6 km2), and is located 90km SE of Teck-Pilot Gold's Halilaga Au-Cu project in the highly mineralised Biga Peninsula, and 230 km west north west of Eldorado Gold's Kisladag gold mine (2016 production of 211,000 oz gold). Chief Executive Officer Glen Parsons today commented: "The first two holes of the initial scout drilling program at our 100% Ergama Project in Western Turkey are encouraging and indicate the presence of a mineralised gold-copper porphyry system. "The positive results from holes 1 and, particularly, 2 show strong stockworking on the margin in the phyllic zone with grades increasing at depth to the south and potentially closer to the main potassic zone. This main zone appears to be further south and close to the centre of the 1km2chargeability anomaly as shown in Figure 2. Drill permitting is currently in process to allow testing of this main zone to the south as can be seen in Figure 3.” | |
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