20th Nov 2013 09:32
LONDON (Alliance News) - Mariana Resources Ltd Wednesday said it has achieved positive results from scout drilling at the Pucayacu target of the Condor de Oro copper-gold project in Peru.
The AIM-quoted exploration and development company, focused in Peru and southern Argentina, said the first two holes indicate multiple mineralisation spaces, including porphyry-related copper-molybdenum and epithermal gold.
Mariana said that results included a strongly anomalous gold space at the CDOYE-001 site with 62 metres at 0.41 grams per tonne of gold from the surface.
The company said that scout drilling, which is being completed by Exploraciones Aguila Dorada S.A.C. is ongoing at the copper-gold system with three further holes completed for testing.
Mariana Resources shares were down 5.4% to 7.59 pence in early trading Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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