23rd Jun 2015 08:49
LONDON (Alliance News) - Mariana Resources Ltd Tuesday said it has received further high-grade gold and copper intercepts at the Hot Maden project in Turkey following on from its ongoing drilling programme.
Assay results have been received for a further three holes, with the results "demonstrating continuity of a very high-grade copper-gold core" within the broader mineralised zone at the project. The mineralisation also remains open to the south as both up dip and down dip.
The most significant intercept was from the 13th hole on the project, which produced 109.9 metres at 11.9 grammes of gold per tonne and 1.13% copper from 259.1 metres. That includes a "bonanza" grade interval of 12.9 metres at 89.6 grammes of gold per tonne and 1.7% copper.
Additional intercepts from that hole included 12 metres at 3.6% zinc and 3 metres at 7.4% zinc, which was discovered to the east of the copper-gold zone.
The twelfth hole was drilled to test the up dip of the mineralised copper-gold zone, and intersected 38 metres at 3.0 grammes of gold per tonne and 1.74% copper from 227 metres. That included 5 metres at 7.5 grammes of gold per tonne and 2.1% copper and 2 metres at 17.5 grammes of gold per tonne and 5.2% copper.
Additional intercepts from that hole included 26.8 metres at 1.6% zinc and 4 metres at 1.3% zinc, also to the east of the copper-gold mineralised zone.
"Hot Maden continues to deliver continuity of grade in the gold-copper mineralised zone within the current focus area. Encouragingly the very high grade Au-Cu core is also demonstrating continuity and continues to deliver exceptional results," said Chief Executive Glen Parsons.
Mariana shares were down 1.6% to 2.07 pence per share on Tuesday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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