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Last 2.48 GBp
Change Today +0.15 / 6.45%
Volume 0.0
MARL On Other Exchanges
Symbol
Exchange
London
OTC US
Stuttgart
As of 2:48 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

mariana resources ltd (MARL) Snapshot

Open
2.48 GBp
Previous Close
2.53 GBp
Day High
2.48 GBp
Day Low
2.48 GBp
52 Week High
04/29/15 - 3.45 GBp
52 Week Low
12/12/14 - 1.02 GBp
Market Cap
19.1M
Average Volume 10 Days
4.5M
EPS TTM
-0.02 GBp
Shares Outstanding
762.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MARIANA RESOURCES LTD (MARL)

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mariana resources ltd (MARL) Details

Mariana Resources Limited, through its subsidiaries, engages in the exploration and development of mineral projects in South America and Turkey. It primarily explores for and develops gold, silver, and copper mineral projects. The company has an option to earn 70% interests in the Soledad copper-gold-silver and Rurimarac gold-silver prospects in Central Peru; and option to earn 50.01% interest in Nassau Gold project located to Southeast of the capital Paramaribo. It also holds 100% interests in Las Calandrias, Sierra Blanca, Los Cisnes, and Bozal gold-silver projects in southern Argentina; and 100% interests in the Hot Maden gold-copper and Ergama gold-silver prospects in Turkey, as well as 100% interests in the Doña Ines gold-silver and Exploradora East copper prospects in northern Chile. Mariana Resources Limited was incorporated in 2006 and is headquartered in North Sydney, Australia.

11 Employees
Last Reported Date: 05/28/15
Founded in 2006

mariana resources ltd (MARL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 135.8K GBP
Chief Operating Officer, Executive Director, ...
Total Annual Compensation: 22.4K GBP
Compensation as of Fiscal Year 2014.

mariana resources ltd (MARL) Key Developments

Mariana Resources Limited Announces Results of the Maiden Mineral Resource Estimate for the High Grade Gold Copper Hot Maden Project, Eastern Turkey

Mariana Resources Ltd. announced the results of the maiden Mineral Resource estimate for the high grade gold copper (`AuCu') Hot Maden Project, eastern Turkey. The Mineral Resource estimate was prepared by independent mining consultants RungePincockMinarco Limited ("RPM"), and was based on assay results received for drill holes up to, and including, HTD17 completed on 25th June and is reported in accordance with the JORC Code 2012 edition and estimated by a Competent Person as defined by the JORC Code. Drilling to date has been completed by JV partner Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya") earning up to a 70% interest in the Hot Maden Project. The total maiden Mineral Resource estimate comprises: Indicated Category: 4.71 million tonnes ("Mt") at 10 grammes per tonne ("g/t") gold and 2.2% copper, for a gold equivalent grade of 13.4 g/t and a total 2.033 Million Oz Gold Equivalent ("AuEq") (100% basis). Inferred Category: 3.65 Mt at 5.5 g/t gold and 1.8% copper, for a gold equivalent grade of 8.2 g/t and a total 0.968 Million Oz AuEq (100% basis). Total Mineral Resource Estimate: 3 Million Oz Gold Equivalent at a gold equivalent grade of 11.2g/t (100% basis). Mariana's Current Attributable Interest in Hot Maden (30%): 900,000 Oz Gold Equivalent at a gold equivalent grade of 11.2g/t.

Mariana Resources Ltd Reports Results of Drill Program At the Hot Maden Project

Mariana Resources Ltd. reported further high grade gold-copper (Au-Cu) intercepts from the ongoing drill program at the Hot Maden Project, eastern Turkey. Assays have now been received for drill holes HTD-15 through HTD-17confirming continuity and further increasing the size and confidence in the Au-Cu mineralised zone including the high grade core. The significant Au-Cu intercept from hole HTD-15 confirms the vertical continuity of the mineralised zone previously intersected in HTD-10, and similarly, the results from drill hole HTD-16 extend the Au-Cu mineralization previously intersected in holes HTD-5 and HTD-13 a further 50m down dip. Massive sulphide mineralisation was also intersected in HTD-17, the scissor hole to original discovery hole HTD-04, and confirms a minimum true width of at least 50m for the main mineralized zone. Based on the overall excellent results at Hot Maden to date Mariana has independently engaged RungePincockMinarco (RPM), a global leader in mining advisory and consulting services, to commence work on the preparation of a National Instrument 43-101 (NI 43-101) compliant mineral resource estimate for the Hot Maden gold-copper project. RPM's will carry out an initial data validation phase and site visit, before progressing on to the mineral resource estimation phase. The mineral resource estimate for Hot Maden is expected to be completed by early Q4, 2015. Drill Holes Completed (Assays Pending): Drill hole HTD-18 is the 'step back' hole to HTD-15, and was successful in intersecting the main mineralised zone (pyrite + chalcopyrite in brecciated andesites and quartz veinlets) between 271m and 406m downhole. However, the greatest sulphide content and jasperoid + hematite alteration in HTD-18 is observed over 93m between 313m and 406m downhole. The mineralised zone in HTD-18 is interpreted to represent the down-dip continuation of the Au-Cu mineralised zone in HTD-15. The drilling of diamond drill holes HTD-19 and HTD-20 is currently in progress. Drill hole HTD-19 is a scout drill hole which was collared approximately 320m S of the southernmost cross section (4,542,100N, and which contains drill holes HTD-11 and HTD-12). This hole was designed to commence exploring for large scale extensions to the broadly N-S trending Au-Cu mineralised zone at Hot Maden. Currently, HTD-19 is at a downhole depth of 354m and has successfully intersected: i) spotty Cu +/- Zn mineralisation in the upper portions of the drill hole ii) three silicified/veinlet zones (203m-221m, 245m-250m, and 266m-283m) with Cu +/- Zn-Pb mineralisation and iii) three semi-massive sulphide zones (297.6m-305m, 309m-322.3m, and 332m-337m) with Cu-Zn-Pb mineralisation. Drill hole HTD-20 was designed to test the northern, near-surface extension of the massive sulphide mineralisation intersected in both holes HTD-04 and -17. HTD-20 has passed through a mixed "slag" /void zone between 15m and 25m followed by a zone of faulting, with the hole ultimately being lost in a fault zone at 54.5m.

Mariana Resources Ltd Provides Chile Exploration Update

Mariana Resources Ltd. announced that AMG Chile SpA has received the first amount of USD 450,000 out of a total of USD 1.65 million from Asset Chile Exploración Minera Fondo de Inversión Privado (Asset). This represents Asset's funding commitment for the Phase I work program at the Doña Ines epithermal GoldSilver and Exploradora East porphyry Copper projects in northern Chile. The receipt of these funds allows Mariana to commence exploration at Doña Ines and Exploradora East. The work program is expected to consist of an initial program of ground geophysics (IP) over the priority geochemical and alteration anomalies already identified Followup drill testing of priority targets on both properties. Weather conditions permitting, Mariana currently expects the ground geophysics to be completed during the third quarter of 2015 and the first pass drill testing during the fourth quarter of 2015.

 

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