Mariana Resources Ltd. (MARL:AIM) (MRA:TSXV)
Reports assay results for Hot Maden Project; a total of 13 infill and extension, diamond drill holes with drill log data provided for a further 7 holes for which assays are pending. The drill program is to reduce drill hole spacings to 25m intervals in order to provide detailed geotechnical data for mine development studies. Infill drilling at the current southern limit of the Main Zone reveals the potential to extend the mineral resource further south. Infill drilling sucessfully continues to confirm the internal continuity of gold-copper mineralisation within the Main Zone resource area. Look for Pre-Feasibility Studies (PFS) and PEA around the end of November.
Main Resource Area -Infill Section 4,542,125N: Drilled the highest grade gold-copper intercept to date; 69.6m@62.7 g/t Au + 2.68% Cu from 210m downhole.
Extension drilling in the ‘Ridge’ area located at the southern limit of the Main zone resource, sucessfully intersected high grade Au/Cu mineralisation at depth: 7m@19.7 g/tAu + 2.1% Cu, from 351m downhole.
Scout drilling in the Southern target area (the northern extension of area mined by Russian interests prior to 1923): 2m@29.2 g/t Au + 0.40% Cu from 110m.
HTD-77: Assays are pending. Step forward hole to HTD-72 intersected 43.5m of massive sulphide mineralisation from 96m downhole and 41.5m of multiphase sulphide-bearing breccia from 139.5m downhole. Potential for the discovery of a deep (>250m) possibly fault offset block of Main Zone-type mineralisation beneath the “Ridge” area (southern limit of the Main Zone resource) has increased with the successful intersection of high grade gold(-copper) mineralisation at depth in two holes, HTD-69 and HTD-76.
CEO, Glen Parsons, today commented: “Exceptionally positive results continue to be generated from the ongoing drilling at Hot Maden.”