27th Jun 2016 10:05
LONDON (Alliance News) - Mariana Resources Ltd Monday said it has hired mining advisory firm RungePincockMinarco to compile a preliminary economic assessment over the company's flagship Hot Maden gold and copper project in Turkey.
The study is expected to be completed late in the third quarter of 2016 or possibly early on in the fourth quarter, Mariana said, and will incorporate the updated mineral resource estimate which should be finished by the same company by the end of June or in early July.
"This initial preliminary economic assessment study will give our shareholders and the market a better understanding of the significance of this high grade gold and copper Hot Maden project as we continue to advance along the project development curve," said Chief Executive Glen Parsons.
Mariana shares were up 3.3% to 4.08 pence per share on Monday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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