12th Feb 2015 08:50
LONDON (Alliance News) - Shares in Mariana Resources Ltd rose on Thursday morning after the company reported positive results from the initial drilling programme at the Hot Maden Prospect in Turkey.
The company said the assay results from the drilling showed the stronger mineralisation from the Hole 4 discovery at the site continued into the new drilling targets.
A preliminary interpretation of the data by Mariana indicates the high-grade gold-copper zone at the drilling prospect is sub-vertical, trends north to south and is flanked by the east by rich zinc mineralisation.
"These results reflect the benefit of the company's strategy as an active explorer which continues to yield positive results," said Mariana Chief Executive Officer Glen Parsons.
Through our joint venture relationships we are building upon our strategy and utilising the shared funding that these relationship entail; in the case of these results there was no direct funding by Mariana," Parsons added.
Mariana shares were up 22% to 1.40 pence on the news, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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