- Mariana has released results from its continuing drilling programme at Hot Maden in Turkey. Results from Holes HTD-36 to HTD-50 have been released and results from Holes HTD51-HTD53 are expected to be released shortly.
- The drilling has been planned to examine three different areas:
- The company reports that some of the highest grade zinc intersections it has encountered, have been located around the northern and eastern margins of the resource area, including an intersection of 36.5m at an average grade of 7.1% zinc; 1.8 g/t gold and 0.51% copper from a depth of 25.5m in Hole HTD-44.
- In the southern area, 400m south of the ciurrent resource area, high grade stockwork mineralisation includes an intersection of 1m at an average grade of 13.7 g/t gold from a depth of 64m “with assays pending for multiple sulphide bearing stockwork zones in HTD-51 and HTD-53”.
- In the northern section of the current mineral resource area, Hole HTD-52 has intersected “a new down-dip extension to the high grade gold-copper resource.” Although assays for this hole are not yet available, “A total of 50m of multiphase, chalcopyrite-pyrite (hematite-jasper) bearing breccia was intersected from 262m.”
- The company is currently updating the Hot Maden mineral-resources estimate and this work, which will presumably incorporate much of the recent drilling since the August 2015 estimate, is expected to be completed next month.
- Potential extensions to the known high grade copper/gold resource where the company announced a maiden resource of 2.2m oz of gold in August 2015
- Scout drilling of the southern “Ridge Area” which is the southerly step out extension of the current resource area; and
- Scout drilling of the “Southern Vein Field” which represents the northern extension of an area mined by Russian interests before 1923
SP Angel Conclusion: Drilling at Hot Maden is continuing to make high grade intersections. We look forward to the results of the current resource estimate.
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