Mariana Resources Hits More High-Grade Mineralization at Hot Maden

Mariana Resources (LSE:MARL) reported further high-grade gold-copper intercepts from its Hot Maden project in Turkey. Results have indicated a new discovery 250 meters south of the initial resource area.
As quoted in the press release:

• Exploration drill hole HTD‐25 located 250m south of the Initial Mineral Resource Area (Figures 2 & 4) intersected 25.2m @ 7.3 g/t Au + 0.5% Cu from 42.8m including 9.0m @ 17.8 g/t Au + 0.6% Cu from 45.0m
• Resource extension drill hole HTD‐24 was drilled above HTD‐10 (100.2m @ 5.6 g/t Au + 1.3% Cu from 81.8m) and intersected high grade gold‐copper mineralisation with 36.3m @ 21.7 g/t Au + 5.5% Cu from 22.3m ( Figure 2,3 & 4)
• HTD‐24 is now the 4th drill hole to extend Au‐Cu mineralisation outside of the area of the reported Initial Mineral Resource
• Other exploration drill holes HTD 23 and 26 intersected significant zinc mineralisation which may be proximal to gold‐copper mineralisation
• Land permits over proposed new drill sites have been obtained allowing for further systematic drilling to the south of the Mineral Resource area
• Lidya has advised that it has expended the USD 2.5M required to earn a 70% interest in Hot Maden, subject to payment of USD 0.35M to Mariana

Mariana CEO, Glen Parsons, said:

Encouragingly, as each new hole in the Au‐Cu zone delivers further continuity and grade, the size of the Hot Maden Initial Mineral Resource continues to expand.  We now have four new mineralised holes outside of the Initial Resource Area comparable to those that fall within the resource, which is very exciting from a resource growth perspective.
With these new drill permits we can hopefully continue intersecting the Au‐Cu zone by stepping out in 50m sections southwards.    Prospectivity of this substantial untested area has been greatly enhanced by the high grade Au intercept in HTD‐25 announced today, which is 250m along strike of the Initial Resource Area.    As drilling now advances to the south, the potential of this new zone should become apparent.
In parallel with the drilling, detailed metallurgical testing is planned to define the optimum processing route for this ultra high grade ore and will assist in forming the basis of a Preliminary Economic Assessment for Hot Maden.
I look forward to updating the market in the near future, on the progress at Hot Maden and Mariana’s portfolio as a whole.

Click here for the full press release.