Mariana Resources has provided an update on the ongoing diamond drill programme at the high-grade Hot Maden gold-copper project in north east Turkey.
“Exceptionally positive results continue to be generated from the ongoing drilling at Hot Maden,” said CEO Glen Parsons.
“Infill drilling in the Main Zone has once again delivered Hot Maden’s best hole to date, with the significant bonanza grades in HTD-71 of 69.6 m @ 62.7 g/t Au + 2.68% Cu from 210m downhole, including an impressive initial 7m at 526 g/t Au and 3.28% Cu, which further highlights the continuity of the ultra high grade gold-copper zone.
“These infill holes are effectively spaced on 25 m centres and have been designed to both increase confidence in the reported mineral resource estimate, as well as for the acquisition of geotechnical data for the ongoing mine development studies.
“Encouragingly, drilling at the current southern limit of the Main Zone resource area has also intercepted what appears to be either a deep extension or an offset to the Main Zone. The importance of this discovery is that we now see the potential to extend the Main Zone mineral resource to the south.
“Further exploration drilling in the Southern Discovery Zone, located immediately to the north of the Old Russian Mining Zone, has also delivered strong mineralisation from sulphide quartz veins and breccias which will ultimately add to the current initial inferred resource for this area.
“Exploration drilling successfully continues to work closer to, and into, the known mineralised Russian Zone further to the south.
“Technical studies related to mine development are ongoing, and the work completed will be incorporated into both the Preliminary Economic Assessment (“PEA”) and Pre-Feasibility Studies (“PFS”) accordingly.
“I look forward to updating the market on the anticipated PEA results which are now expected around the end of November, along with the further pending assays and ongoing drilling activities.”
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