LONDON--Mariana Resources Ltd (MARL.LN), an AIM-quoted
exploration and development company focused in Peru and southern
Argentina, Tuesday announced further positive results from its 2000
meters drill campaign at the copper-gold-silver Soledad prospect in
Peru.
First half of the program has confirmed strong mineralization
extending over a 1 kilometer diameter between Breccia 1 and the
previously untested Breccia 5, 6 and Cima Blanca targets.
Chief Executive Officer, Glen Parsons said: "Results of
mineralization from the first half of the program have been
extremely encouraging with centers of mineralization at Breccias 1,
5, 6 and Cima Blanca occurring within a 1 kilometers square
area.
"The new target areas specifically Breccia 5 and 6 have yielded
further strong mineralization within the pipes, which along with
results from Breccia 1 enhances our overall geological model
considerably."
Mr. Parsons said the company is now completing the drill program
by targeting deeper breccia pipe levels and adjoining potentially
mineralized intrusive porphyry at depth.
Shares at 0800 GMT traded up 5.7%, at 3 pence, valuing the
company at GBP13.8 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires