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Mariana Resources Ltd.
Summary
| Project: | Hot Maden | |
|---|---|---|
| Deposit: | Hot Maden | |
| Location: | Turkey | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 10/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2016: Mariana Resources Ltd. announces an Exploration/Drilling Update report for its Hot Maden deposit at the Hot Maden project. JV with Lidya - drilling results incl. 69.6m @ 62.7g/t Au, 2.68% Cu from 210m. Mariana Resources Limited ('Mariana' or ' | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Eric Roth (Internal) | |
| ABSTRACT: | Mariana Resources Limited ('Mariana' or 'the Company'), the AIM ("MARL") and TSXV ("MRA") 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 north east Turkey.Results are reported for a total of 13 infill and extension drill holes (HTD-63 to HTD-74 and HTD-76), with drill log data provided for a further 7 holes (HTD-75 and HTD-77 to HTD-82) for which assays are pending. The infill drilling in the Main Zone resource area has been focused on two new section lines (4,542,225N and 4,542,125N), and forms part of a program designed to uniformally reduce drill hole spacings to 25m x 25m and to provide detailed geotechnical data for mine development studies. New resource drilling focused on both the "Ridge" area (southern limit of the Main Zone resource) and the southern veinfield discovery (Figures 1 & 2).Drilling commenced on 25-m centres along two infill cross sections, 4,542,125N and 4,542,225N, within the Main Zone resource area, with the program being designed to confirm the internal continuity of the high grade gold-copper mineralisation. On section 4,542,125N (Figure 4), exceptionally high grade gold-copper mineralisation was intersected in hole HTD-71 (69.6 m @ 62.7 g/t Au + 2.68% Cu from 210m downhole), with the "Ultra high grade" and "High grade" zones along the eastern margin of the mineralised zone returning impressive values of 7m @ 526 g/t Au + 3.28% Cu and 14m @ 3.38% Cu, respectively. Mineralisation is hosted within multiphase, chalcopyrite-pyrite-hematite-jasper-bearing breccias. A step-back hole to HTD-71 (HTD-82) has also just been completed and has also intersected significant intervals of multiphase, sulphide-bearing breccia; however, results are pending. | |
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