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Mariana Resources Ltd.
Summary
| Project: | Hot Maden | |
|---|---|---|
| Deposit: | Hot Maden | |
| Location: | Turkey | |
| Commodities: | Gold-Copper-Zinc | |
| Date: | 5/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2017: Mariana Resources Ltd. announces an Exploration/Drilling Update report for its Hot Maden deposit at the Hot Maden project. Drilling results incl. 75m @ 17.2g/t Au, 1.89% Cu from 212m. 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 are reported for a total of 8 new drill holes (HTD-109, HTD-110, HTD-112, HTD-114 to HTD-117, and HTD-119), with a further 5 holes (HTD-107, HTD-108, HTD-111, HTD-113, and HTD-118) currently undergoing detailed geotechnical logging and with sampling/assaying still pending. Of the eight holes for which assays have been received, six were completed in the Main Zone resource area and the Southern Deposit; Figures 1 & 2); the remaining two holes (HTD-115 and HTD-119) represent the first scout holes to be completed in the Pre-1923 Russian Mining Area (Figure 3). A third diamond drill rig has now arrived on site at Hot Maden and is operating in tandem with the original two drill rigs. Chief Executive Officer Glen Parsons today commented "Mariana's focused exploration and development work continues and today we announce further positive results from ongoing and increased drilling at Hot Maden, as well as the update on the Ergama project."At Hot Maden, in the Main Zone, continued success from infill and step out drilling compliment our current results whilst maintaining our confidence in this zone."In the Southern Zone these new results extend mineralisation and the strike length from the Main Zone to the Southern Zone which is continuing to grow."Encouragingly, the 3rd operational rig in the Old Russian Mining Area has intersected narrow high grade gold and copper with higher grade zinc. This is a complex part of the new untested system and these early positive results are assisting in the understanding of the mineralisation potential of this previously mined area.” | |
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