Mariana Share Discussion Threads

[barrywhit] 30/8/2016 08:31

Having a quick read through the 6 month report, the company looks in a stable financial position, states funded until end 2017 (funds in hand for next 12-18 months)....wage bill increased by £400k..

[pr0t0n] 29/8/2016 19:28

Some new info on the website
ERGAMA:

2016 (January):
Sandstorm Gold Ltd acquires Teck’s 2% NSR for Ergama.

2016 (July-August):
Discovery of phyllic alteration zone and Fe-oxide matrix breccias overlying the geophysical (IP chargeability) anomaly in the central-western portion of the Ergama property. A proposal to drill test both the main porphyry target and high grade vein / fault zone through an initial 2,000m drill program is prepared.
Of particular note from the extended geophysical grid is the presence of two strong chargeability anomalies in the SW and SE quadrants of the survey area. These chargeability anomalies exist below 100 m depth, and are interpreted to be sulfides associated with a buried porphyry system (in telescoped porphyry systems, mineralized intrusives often lie immediately below – and are slightly offest from – the overlying lithocap). The shallow drilll holes completed by Newmont in 2004 were too shallow and too far north to have intersected the chargeability anomalies. These targets represent high priority targets for future drilling.
​

[pr0t0n] 29/8/2016 17:50

Yes Barry, well spotted.
Today`s RNS ...oversight ?
Glen Parsons was all over the place last few weeks,
probably did not check his UK calendar ;-)

[barrywhit] 29/8/2016 16:49

New website???

[zedder] 29/8/2016 09:33

Is the TSX shut today, or are they hoping that they will now take the lead on driving the share price upwards?

[irishlass2] 29/8/2016 09:16

Looks good news

[pr0t0n] 29/8/2016 08:47

RNS....well ,i did not expect today

[pr0t0n] 24/8/2016 10:03

Or maybe it would be easier to spin-off Argentinean assets, leaving Hot Maden dual listed and Argentinean portfolio TSX listed.

[pr0t0n] 24/8/2016 08:32

cpap man,

Well, who knows ?
I asked Glen about spin-off few months ago and he said that it was too early ( that was after the RNS of intention to dual list).

[cpap man] 24/8/2016 08:15

Is this the start of the spin off?!?!?

[cpap man] 24/8/2016 08:00

Chief Executive Officer Glen Parsons today commented:

"Mariana is currently valued nearly solely on the significant high grade gold and copper Hot Maden project in Turkey; however, it is worth recalling that up until 2012 Mariana was solely rated on its existing Argentinean portfolio before the political downturn. Despite this Mariana has remained committed and active to its strong portfolio in the Deseado Massif.

"New exploration work to date in Argentina, as highlighted, has identified potential new target areas for follow up exploration and drilling with a particular emphasis on high grade gold and silver.

"Mariana's continued lower cost exploration approach in Argentina over the last three years has positioned its Santa Cruz portfolio favourably, especially with the renewed interest in the gold sector and, more importantly, the improved investor climate in Argentina. The positive steps made by the new government regarding direct foreign investment and business promotion has brought renewed interest into the country where we can hopefully see valuations increasing and re-ratings closer to levels previously achieved.

"Recent drilling results in Chile from the Dona Ines project were disappointing, however Mariana's strategy is to continue leveraging its experience to acquire and explore new opportunities in prospective regions like Chile."

[cpap man] 24/8/2016 07:58

Renewed Argentinean Focus and Chile Update

Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM and TSXV listed exploration and development company with projects in Turkey and South America, is pleased to provide the following update on the Company's projects and strategy in Argentina and Chile.

In Argentina, despite the downturn over the recent years, Mariana has continued its exploration efforts albeit on a reduced cost basis. The focus of these exploration activities has been on the advancement of high grade gold-silver vein/breccia targets on the Company's extensive tenement holdings in the highly prospective Santa Cruz Province (Figure 1). Key works performed include:

Eastern Deseado - Las Calandrias District:
At the Las Calandrias Project, field evaluation of 4 high grade gold-silver vein/breccia systems (La Morena, El Nido Norte, Las Calandrias Feeders, and Refugio; Figures 2 & 3), all adjacent to the La Calandria Norte vein (Indicated Mineral Resource of 162,000T @ 9.35/t Au at a 3 g/t Au cut-off), has commenced. One scout drill hole (CND 250) from 2011 (drilled prior to the downturn in Argentina) in the La Morena vein returned 0.6m @ 68.1 g/t Au + 107 g/t Ag, making it an immediate priority for follow-up exploration activities.
At Bozal, which is located 30 km NW of Calandria Norte, field activities have focused on the evaluation of the Lucia vein/breccia system and the Joaquin vein. Samples from trenches on the Lucia vein have returned assays up to 1.3 m @ 18 g/t Au + 55 g/t Ag. The veins at Bozal are NW-SE trending and are only exposed over a total distance of around 800m before disappearing under post mineralisation basalt flows. Five short (473m in total) scout holes were drilled at Bozal in 2015, and these have provided additional vectors to possible high grade shoots on the property.
Los Cisnes Project (Figures 4 - 6)
At Los Cisnes, which is located approximately 75km SW of Yamana's Cerro Moro project and due E of Anglogold Ashanti's Cerro Vanguardia mine, field work has focused on both the high silver grade El Brio vein/breccia target and the bulk tonnage El Solar gold-silver dome-hosted mineralization. A scout drill program in 2015 returned high grade silver values from the Brio vein (up to 2.9m 755 g/t Ag in LCsD09) and bulk tonnage style gold mineralization in the El Solar target.

Western Deseado - Sierra Blanca District (Figures 7-8):
Mariana's focus at the Sierra Blanca Project, which is located adjacent to Austral Gold's recently acquired Pinguino project and 44km from the Cerro Vanguardia Mine, continues to be the evaluation of 22km strike extent of poorly explored, high grade intermediate sulfidation epithermal veins. The oxidized central portion of the central Chala vein has returned exceptional gold and silver grades from channel sampling (up to 25.7 g/t Au and 7,600 g/t Ag), and represents a near term opportunity for the delineation of a near surface high grade silver-gold resource.

Significant improvements have occurred in the political and investment climate in Argentina since December 2015, and with this increased investor sentiment Mariana is well positioned to achieve a re-rating on its Santa Cruz portfolio.

In Chile, scout drilling at the Doña Ines gold prospect yielded no significant results and, following discussions with our funding partner Asset Chile, it was agreed to adopt a disciplined approach and suspend further operations at the Doña Ines and Exploradora projects. The Company has significant in-house experience in both Chile and Argentina, and will leverage this experience in the evaluation of new opportunities.

Chief Executive Officer Glen Parsons today commented:

"Mariana is currently valued nearly solely on the significant high grade gold and copper Hot Maden project in Turkey; however, it is worth recalling that up until 2012 Mariana was solely rated on its existing Argentinean portfolio before the political downturn. Despite this Mariana has remained committed and active to its strong portfolio in the Deseado Massif.

"New exploration work to date in Argentina, as highlighted, has identified potential new target areas for follow up exploration and drilling with a particular emphasis on high grade gold and silver.

"Mariana's continued lower cost exploration approach in Argentina over the last three years has positioned its Santa Cruz portfolio favourably, especially with the renewed interest in the gold sector and, more importantly, the improved investor climate in Argentina. The positive steps made by the new government regarding direct foreign investment and business promotion has brought renewed interest into the country where we can hopefully see valuations increasing and re-ratings closer to levels previously achieved.

"Recent drilling results in Chile from the Dona Ines project were disappointing, however Mariana's strategy is to continue leveraging its experience to acquire and explore new opportunities in prospective regions like Chile."

[pr0t0n] 24/8/2016 07:54

Impressive couple of drill-holes at Los Cisnes.

"....scout drill program was performed in 2015 with extremely
positive results including discovery hole LCsD-09. Key results returned
included:


-- LCsD-09 EL BRIO: Intersected vein/breccia hosted sulphide mineralization
(quartz + pyrite + acanthite), and returned 2.9 m @ 755 g/t Ag (including
0.9m @ 1400 g/t Ag) from 32.1m downhole.

-- LCsD-01 EL BRIO: Intersected vein/breccia hosted sulphide mineralization
(quartz + pyrite + Fe-Ox + acanthite) and returned 1.65 m @ 380 g/t of Ag
(including 0.85m @ 585 g/t Ag) from 28.5m downhole.

-- LCsD-12 EL SOLAR: Rhyolite dome-hosted system with bulk tonnage
potential. Intersected stockwork hosted sulphide mineralization with 25 m
@ 0.5 g/t Au from 13m downhole. "

[barrywhit] 24/8/2016 07:19

Good to let investors know we are not a one trick pony....good value in our other projects.....imo

[doolittle] 23/8/2016 19:23

Good article -thanks proton

[scottishfield] 23/8/2016 18:52

Yes tks pr0ton

[barrywhit] 23/8/2016 18:51

Cheers pr0ton......

[pr0t0n] 23/8/2016 18:16

...continues
“We really are quite bullish on the country. Mariana has been operating in Argentina
since 2007 and as a result of our history and continuous activity there we are not
coming in cold as others are, indeed we are ahead of the pack. Las Calandrias was
Mariana’s flagship asset up until 2012 and is now being revisited in terms of both its
development potential – especially the high grade La Calandria Norte vein/breccia
system, and the oxide portion of the bulk tonnage La Calandria Sur discovery – as well
as the significant upside potential for the discovery of new high grade veins.
“So it certainly warrants Mariana getting that value reinstated.”
Indeed, the Las Calandrias dome-related epithermal system uncovered in 2009 has a
very handy 492,000oz indicated resource (519,000oz gold-equivalent total initial
resource) and further bulk-tonnage, openpit potential evident.
Further scout drilling around Las Calandrias, lost somewhat early last year as
uncertainty over Argentina’s political landscape persisted and Mariana’s name became
indelibly linked to the spectacular drill results emerging at Hot Maden, only enhanced
the prospectivity.
The company has also generated promising early greenfields exploration results at
another 100%-owned property, Los Cisnes, which is located to the south of Las
Calandrias. Two main mineralisation styles are observed at Los Cisnes – the high grade
silver-gold veins and breccias at El Brio, and the bulk tonnage rhyolite dome hosted
gold mineralisation at El Solar.
To the west, Mariana has an internal resource on Sierra Blanca and this presents as a
further opportunity worthy of ongoing assessment.
“We’ve got four project areas in Santa Cruz down in the southern part of Argentina,”
Parsons says.
“Las Calandrias is really like a district play for us – we do have quite a large tenement
holding. The base we are working from is the first disseminated gold resource, but we
also have identified within this, the northern vein breccia resource area where we have
around 50,000oz at roughly 10gpt. So there is an ability to grow that and that’s really
what we’re looking at as we add to the high-grade story. Bozal to the North incorporates
high grade vein targets which form part of this district play.“Our team is concentrating at Los Cisnes, where surface sampling and scout drill holes
from last year have intercepted bonanza-grade silver, as well as some gold.
“It’s still early stage but we have got some interesting results that are very worthy of
following up.
“When we raised money in May this year [about US$8.5 million] we did say most of our
money was earmarked for Hot Maden, but we would maintain our overall positioning
strategy and with that exploration spend was allocated to Argentina , to further test
some of these zones. We have shown over the years that we are financially disciplined
and a little cautious and we won’t throw money down at Argentina if we don’t believe
we’re going to get anything back.
“Groundwork has been laid and now with the potential we see it is worth pushing
ahead.”
As well as its interests in Argentina, , Mariana’s rapid progress and upcoming Turkey
milestones have clearly reignited interest among North American investors. Mariana
has just reinstated its Toronto venture exchange listing (TSXV:MRA) and executive
director and chief operating officer Eric Roth says the company, which “has come a long
way in a very short time”, has welcomed a number of Canadian and US institutional
investors on to its register in recent months.
The company also maintains a US OTC listing (MRLDF).
“We want it to be as easy as possible for North American institutional and retail
investors to trade the stock,” Roth says.
Mariana and its Hot Maden joint venture partner, respected Turkish private mining
group Lidya, have completed about 12,000m of this year’s scheduled 20,000m drilling
programme as they work towards completion of a prefeasibility study (PFS) in 2017. The
continuing drilling includes infill and resource extension, geotechnical / metallurgical,
and new exploration holes.
Further results are imminent, while Mariana is on track to release results of its own
preliminary economic assessment (PEA) in October. The work is running in parallel with
the joint venture PFS.“The PEA is a really big step for us because it will be the first time people look at this as
a complete package,” Roth says,” combining the resource we’ve just updated; it will put
some mine designs around it and put some processing options forward, and of course
wrap the whole thing into an economic assessment. Whilst adhering, of course, to best
practice in both environmental standards and community relations.
“So it will be the first time people will really get to see what the project could look like
and what it could be capable of generating. It’s undoubtedly one of the big catalysts for
us going forward in the next few months.”
Parsons said ongoing drilling in the new Southern discovery zone, and the ‘Russian’;
zone, where underground mining occurred up to 1923, further south of the main
resource area, would keep results flowing.
“There is still plenty of exploration upside there,” he says.
Mariana had more than US$7.5 million in the bank at the end of June, and about $5.5
million of in-the-money warrants due for conversion over the next 6-12 months.
“We’re pretty well financed going forward all the way through to the end of next year,”
Parsons says.
“We will be looking at project funding options next year as we go through the PFS.
“The market appetite for high-grade gold deposits isn’t diminishing. There aren’t many
high grade discoveries like Hot Maden that can maintain such rapid advancement that’s
for sure. This is certainly a standout. It will in one form or another be funded.”
Elsewhere in Turkey Mariana has 100% of the Ergama copper-gold porphyry prospect,
an ex-Newmont Mining and Teck project in the far west of the country.
“That’s a high-sulphidation system,” Parsons says. “We’re looking at deeper porphyry
targets as well as some high-grade veins as well. So we’re hoping to test with a few
starter holes later this year.
“Ergama is another of the assets we picked up as part of the 2015 Aegean Metal Group
merger that gave us access to Hot Maden.“If you look at our project portfolio we have maintained an active exploration
strategy over the last three years. We are a prospect generator and an active
exploration company – and now a developer.
“We continue to look for new opportunities and our main objective is have been
trying to acquire projects that really offer economic scale. We have retained a bit of
market leverage, in terms of our ability to raise money – it’s still not that easy to get
pure exploration money – over the last 6-12 months we’ve been assessing
opportunities where others have perhaps been a bit quiet.
“We have dropped properties as well. We are very disciplined in terms of how we
go about assessing properties, and exiting them if it’s not working.
“But we certainly do see some opportunities out there and where we believe we
can add value for our shareholders we will continue to try to leverage our position
where it makes sense to do so.”

[pr0t0n] 23/8/2016 18:10

From MJ today :

Argentina back in Mariana’s spotlight
Mariana Resources’ capacity to actively work a high-quality, geographically diverse portfolio of exploration and development properties over the past five years has left the company with a wealth of opportunities outside the standout, 30%-owned Hot Maden gold-copper project in Turkey. A key focus is again Argentina, where the company has shown much prescience – and patience.
Investor attention has justifiably been fixed on the high-grade Hot Maden project as Mariana’s (AIM: MARL) shares have surged more than 270% since the start of the year, elevating its market cap to about US$88 million.
But as the milestones have rapidly accrued in Turkey – from the discovery hole in February, 2015, to maiden resource in August and then the recent striking update to 3.87 million oz gold-equivalent indicated and inferred – Mariana has been able to maintain its impressive track record of generating and exploring prospects, even if much of this work has been out of the spotlight.
The spotlight has burned bright: that discovery-hole intercept of a startling 103m grading 9gpt gold and 2.2% copper from 25m was followed quickly with an equally impressive 82m grading 20.4gpt gold and 1.9% copper from 147m downhole. And so Hot Maden has become a hot talking point.

Still, Glen Parsons, Mariana CEO, says gold and silver exploration in Argentina that built shareholder value in the company long before Hot Maden lit up its name and share price, is being reinvigorated as the country becomes a sought after LatAm exploration address, and precious metal prices strengthen.
North American investors, in particular, are looking for avenues into Argentina’s resources sector as the country’s pro-mining government and foreign-investment friendly political settings refocus attention on its undoubted mineral potential.
“Our next most advanced asset is certainly in Argentina where, before the downturn, Mariana had a significant market capitilisation based on Las Calandrias,” Parsons says.
“Our belief in a short- to mid-term repositioning of Argentina has paid off, and now we’re pretty well positioned to take advantage of these positive changes.

[cpap man] 23/8/2016 06:20

Jacob Rothschild, Stanley Druckenmiller, George Soros, along with his associate Crispin Odey, and other billionaire elitists are moving massively into gold. In his recent semi-annual address to RIT shareholders, Rothschild announced that they are reducing their stock and currency exposure and increasing their gold holdings.



Rothschild: ”The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale.”

As Jeff Berwick points out, Rothshild is the best man to ‘predict’; what is going to happen because he and his elitist pals have created the timeline of catastrophes. This may be part of a scheme similar to in 1929 when central bankers created a huge bubble and then a massive crash so they could buy up a ton of assets at pennies on the dollar.

Jeff thinks this may be the most dangerous time in human history for capital. In this interview, he shares a wealth of advice on how and where to make sound investments. He is also putting on a TDV Internationalization and Investment Summit on February 24th 2017 which includes many known experts, and precedes the amazing Anarchapulco Conference in Acapulco, Mexico.

Talking points from this week’s interview:
• Overprinting and 0% interest rates have destroyed economies around the world
• We are either headed for a massive collapse or hyperinflation.
• On average, only 0.5% of American portfolios have exposure to precious metals
• Invest in precious metals before the rush (when they may be hard to find)
• Have a significant portion of personal assets outside of the US for protection

[pr0t0n] 22/8/2016 12:40

Busy man.


Glen Parsons, CEO of Mariana Resources Ltd,on Exploration Insights is interviewed by Joe Mazumdar on their high grade copper and gold project in the jurisdiction of Turkey and how they acquired the project.

[pr0t0n] 19/8/2016 11:16

Glen Parsons, CEO of Mariana Resources Ltd. (TSX-V: MRA) (AIM: MARL) at the Sprott Natural Resource Symposium 2016 in Vancouver, BC.

[pr0t0n] 18/8/2016 18:29

Barry,
Summer is very quite period , volume will increase with the news :
updated NI-43-101,summer drilling results, metallurgy and PEA.

[zedder] 18/8/2016 15:37

barrywhit,
Normally after the sort of rise MARL has had over the last 3 months, you could have expected some sort of reasonable pull back on profit taking. I think what is happening is that any spare stock on the UK market is gradually being bought on TSX. The Canadian investors obviously know to be patient in their stock accumulation as they don't want the price to race ahead before they have got their positions.

Personally I think we will see 80p+ before the end of 2016.