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Bonanza Rock Chip Results from Mariana’s New RurimaracAu-Ag Property, 4km from Soledad Cu-Au-Ag Prospect, Central Peru
Mariana Resources, the AIM quoted exploration and development company focused in South America, announces that bonanza rock chip channel sampling results from the new strategic 2,000Ha Rurimarac gold tenements confirm high grade gold and silver mineralisation exposed in pits and outcrop. Rurimarac is located in the prospective Cordillera Negra metallogenic province in Peru, only 4km west of Mariana’s recently drilled and strongly mineralised copper-gold Soledad project.
Rurimarac and Soledad are located in the Aija polymetallic mining district, 34 km south of the Pierina gold-silver mine that was operated by Barrick Gold Corporation.
The Rurimarac Properties are subject to an earn in option agreement entered into with Tinka Resources Limited (TSXV:TK). Tinka currently owns 100% of the Rurimarac Properties through its Peruvian subsidiary Darwin Peru S.A.C.
Overview:
– Mariana surface sampling at the Rurimarac Properties, which included bonanza results, confirms a zone of high grade gold mineralisation along a low-angle fault zone that has not been drill tested by previous explorers
– Results were received for 79 rock chip channel samples collected in Q3 2014 from 0.4m to 1.5m wide veins exposed in outcrops and pits with numerous samples returning anomalous to bonanza gold assays:
– The sampling confirms previous Tinka results – 24 of the 79 samples returned assays >2 g/t Au, of which 19 were >5 g/t Au and 5 were >31 g/t (1oz/t) Au
– Silver was also highly anomalous with 16 samples returning grades >20g/t Ag, including 6 samples with grades greater than 1 oz/t Ag
– Identified a strongly altered and oxidized package of siltstones, +25m wide and at least 500m long at a contact with intrusive dioritic in the eastern target area
– The main mineralised low-angle fault zone has a 30-40 degree dip to the SW with true thickness of 6m to +30m, and a strike length of at least 1km and one of Tinka’s drill holes only partially tested the breccia zone. LDD5 (2006) intersected 6m @ 3g/t Au from 60m in oxidised rock
– Engagement with local communities is a priority and a social scoping study is to commence by the end of October 2014
– On-going exploration at the Rurimarac Properties will include drilling at least eight core holes, mostly testing the main breccia structure, subject to approvals. This will take place in conjunction with the next Soledad campaign
Mariana’s CEO Glen Parsons commented, “These high grade bonanza results from our initial sampling on the Rurimarac Properties are extremely encouraging. They increase confidence in historic high grade assays and indicate the main SW striking mineralized structure is low angle, up to 3m wide and 1 km long oxidised breccia from 6 to 30m true thickness. Moreover, the main zone has not been drill tested and remains open. We have already identified new mineralized target areas in this 2,000Ha under-explored property, and intend to commence drilling on at least eight core holes in tandem with our next Soledad drill programme.”
“Further to the successful initial drilling at Soledad, our earn in option on the Rurimarac Properties has certainly bolstered our presence in Central Peru around Aija with its excellent exploration potential. This is in line with our strategy to upgrade our portfolio, gear up our exploration activities in this proven district and deliver on exploration milestones in the coming months.”
