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Mariana Resources Ltd.
Summary
| Project: | Hot Maden | |
|---|---|---|
| Deposit: | Hot Maden | |
| Location: | Turkey | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 6/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-6-2017: Mariana Resources Ltd. announces an Exploration/Drilling Update report for its Hot Maden deposit at the Hot Maden project. Drilling results incl. 31m @ 7.4g/t Au, 0.71% Cu from 399m. Mariana Resources Limited ('Mariana' or 'the Company'), the T | |
| Resources: | (Resource): 7.127Mt @ 15g/t AuEq (Ind.) and 0.718Mt @ 3.8g/t AuEq (Inf.) at Main Zone | |
| 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 Ivory Coast, is pleased to provide the following update on the ongoing diamond drill program at the high grade Hot Maden gold-copper project in NE Turkey. Assay results have been received for a total of 6 new drill holes (HTD-118, HTD-120 to HTD-123, and HTD-125); assays for a further 4 holes (HTD-107, HTD-108, HTD-111, and HTD-113) on which detailed geotechnical logging has now been completed remain pending. Of the six holes for which assays have been received, one (HTD-118) was completed in the Main Zone resource area, four (HTD-120, HTD-121, HTD-123, and HTD 125) were scout holes in the Southern Deposit area, and one (HTD-122) was drilled into a zinc-bearing zone in the former Russian mining area (Figures 1 - 3). Technical studies required to support the Hot Maden Pre-Feasibility Study (PFS), currently scheduled for completion in Q4 2017, are well underway with the current focus being on additional metallurgical sampling and the optimization of metal recoveries in flotation circuits. Future studies will also evaluate the potential benefits of utilizing gravimetric separation techniques on gold recoveries in high grade gold-copper samples. The Hot Maden PFS is being prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and will include contributions from independent mining consultant firms AMC Consultants (Mining and Geology), GR Engineering Services ("GRES"; Process Plant Design and Surface Infrastructure), Hacettepe Mineral Technologies ("HMT") and SGS (Metallurgical Testwork). | |
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