Mariana Resources Reports Best Intercept to Date at Hot Maden

Mariana Resources Ltd. (LSE:MARL) announced that it continues to intersect “exceptionally high grade, near-surface gold-copper mineralisation” through drilling along extensions to its Hot Maiden mineral resource. In fact, the company has achieved its best gold-copper intersection to date.
Highlights include:

• Exceptional gold‐copper mineralisation intersected in near‐surface Resource Extension Drilling at the Hot Maden Project. Key intercepts include:
  • HTD‐34: 71.0m @ 32.7 g/t Au + 1.9% Cu from 55m downhole. Including 22.0m @ 83.9 g/t Au + 1.8% Cu from 89m downhole.
  • HTD‐35: 63.6m @ 14.5 g/t Au + 3.4% Cu from 46.8m downhole. Including 21.0m @ 38.9 g/t Au + 5.1% Cu from 85m downhole.
• Resource Extension Drilling at Hot Maden is ongoing with one diamond drill rig and the rate of drilling is now expected to be accelerated shortly with the addition of a second rig.
• Systematic metallurgical testwork on the Hot Maden gold‐copper mineralisation now underway, with the initial focus being on crushing / grinding studies, gold‐copper recoveries, and flowsheet definition.
• Completion of a maiden Preliminary Economic Assessment (“PEA”) for the Hot Maden Project remains on track for late Q3 2016 / early Q4 2016.

Glen Parsons, CEO of Mariana, commented:

The exceptional drill hole, HTD‐34, represents our best hole to date and, together with HTD‐35, the drilling continues to deliver ounces outside of the reported mineral resource estimate. The high grade intercepts have delivered significant mineralisation 100m closer to surface from discovery Hole HTD‐05. Drilling to date is successfully delineating the limits of the resource to the east and west whilst leaving the potential open at depth as well as north and south.

Click here to read the full Mariana Resources Ltd. (LSE:MARL) press release.