5th Jul 2016 08:44
LONDON (Alliance News) - Mariana Resources Ltd on Tuesday said it has received further high-grade mineralisation intercepts from drilling work at the Hot Maden gold-copper project in Turkey.
Mariana said the intercepts included gold mineralisation of up to 68.1 grams per tonne and copper grades of 3.77% in the HTD-60 drill hole at the site. Further high-grade intercepts were found in the HTD-62, HTD-58 and HTD-61 holes at the project.
An updated mineral resource estimate for the Hot Maden project is now well-advanced, the company said, and is set to be completed this month.
"These infill results confirm and give further confidence to the internal continuity of the high grade gold-copper mineralisation within the resource area and will certainly contribute positively to the updated mineral resource estimate due to be completed in July 2016," said Mariana Chief Executive Glen Parsons.
Mariana shares were up 11% to 50.45 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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