Mariana Resources updates investors on Aegean Metals Group

Drilling has commenced on the Hot Maden Gold-Copper Project in Turkey

Mariana Resources, the AIM listed exploration and development company with projects in South America, announces that drilling has commenced on the Hot Maden gold-copper project in Turkey.

This project is subject to a signed arrangement agreement pursuant to which, and in accordance with the Business Corporations Act (British Columbia), Mariana will acquire all of the issued and outstanding common shares of Aegean Metals Group Inc as previously announced on 18 September 2014 and 5 November 2014.

The drilling at the Hot Maden gold-copper project in Artvin Province, eastern Turkey is being performed and fully funded by JV partner Lidya Madencilik Sanayi ve Ticaret A.S.

The initial drill program at Hot Maden will focus on the evaluation of approximately 800 m of strike extent of the Hot Maden Target Area.

Chief Executive Officer, Glen Parsons today commented “I am pleased to announce that drilling has commenced at the Hot Maden gold-copper project in Turkey and, even though I thought we may be ending the year on a quiet note, Mariana’s acquisition strategy is still yielding potential and we look forward to receiving these results in early to mid January. The board of Aegean have recommended the transaction. It is subject to the Aegean shareholders approval, which is expected after the special meeting of Aegean shareholders to be held in Vancouver on January 6, 2015. The transaction is expected to be completed on or before January 16, 2015.”

“We look forward to updating the market in the New Year on our wider portfolio as we continue to advance our gold-copper-silver portfolio.”

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