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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mariana Res | LSE:MARL | London | Ordinary Share | GG00BD3GC324 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 99.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMMARL
AIM: MARL
TSX-V: MARL Granite House, La Grande Rue,
20 December 2016 St. Martin, Guernsey ,GY1 3RS
Channel Islands
Further High Grade Gold-Copper Intercepts Reported from both Infill and
Extension Drilling at the Hot Maden Project, north east Turkey
Mariana Resources Limited ('Mariana' or 'the Company'), the TSX.V and
AIM (MARL) listed exploration and development company with projects in
Turkey, South America, and Ivory Coast, is pleased to provide the
following update on the ongoing diamond drill program at the high grade
Hot Maden gold-copper project in NE Turkey.
Results are reported for a total of 12 infill and extension drill holes
(HTD-75 and HTD-77 to HTD-87), with drill log data provided for a
further 6 holes (HTD-88 to HTD-93) for which assays are pending. The
infill drilling in the Main Zone resource area is focused on section
lines 4,542,225N, 4,542,175N, and 4,542,125N. This forms part of a
program designed to uniformally reduce drill hole spacings to 25m x 25m
and to provide both detailed geotechnical data and metallurgical samples
for mine development studies. Only limited drilling was completed in the
"Ridge" area (southern limit of the Main Zone resource) and the New
Southern Vein Field discovery (Figures 1 & 2) during this reporting
period.
Highlights:
-- Exceptional gold-copper (Au-Cu) grades continue to be returned from
drilling along two infill cross sections (4,542,125N and 4,542,225N;
Figures 3 & 4). This infill drilling continues to confirm the internal
continuity of Au-Cu mineralisation, including the high grade, within the
Main Zone resource area. Best results include:
Infill Section 4,542,125N
HTD-85*: 60.6 m @ 82.2 g/t Au + 1.44% Cu from 209.4m
downhole**.
This mineralised zone (approximate true width 35m) is the best
intersection to date and includes the following subintervals:
209.4-229m: 19.6m @ 248 g/t Au + 1.90% Cu ("Ultra high grade zone")
229-248m: 19m @ 3.4 g/t Au + 1.21% Cu ("Medium grade")
248-270m: 22m @ 1.6 g/t Au + 1.19% ("Low grade zone")
HTD-82 31m @ 17.0 g/t Au + 1.70% Cu from 266m downhole.
And 37.5m @ 2.1 g/t Au + 1.49% Cu from 317m downhole.
(approximate true width of Au-Cu zone 38m)
Infill Section 4,542,175N
HTD-78: 79.0m @ 14.3 g/t Au +1.59% Cu from 294m downhole.
Including 18.0m @ 55.1 g/t Au + 1.58% Cu from 296m downhole.
(approximate true width of Au-Cu zone 30m)
Infill Section 4,542,225N
HTD-77: 90m @ 22.6 g/t Au + 4.39% Cu from 96m downhole.
Including 11m @ 30.9 g/t Au + 6.30% Cu from 99m downhole.
(approximate true width of Au-Cu zone 76m)
HTD-75: 62m @ 11.7 g/t Au + 1.43% Cu from 276m downhole.
Including 2.0m @ 250 g/t Au + 6.50% Cu from 282m downhole.
And 44.0m @ 1.05 g/t Au +1.46% Cu from 334m downhole.
(approximate true width of Au-Cu zone 40m)
-- Potential for the discovery of a deep (>250m), possible fault offset
block of Main Zone-type mineralisation beneath the "Ridge" area (southern
limit of the Main Zone resource) continues to be tested, with drill hole
HTD-80 successfully intersecting multiple zones of high grade Au and Cu
mineralisation at depth. Host rocks to this mineralization are brecciated
andesites - similar to the host rocks in the Main Zone resource - which
lie immediately to the east of the dominant dacitic breccias. Key
results include:
HTD-80: 4.5m @ 16.3 g/t Au + 1.90% Cu from 177.5m
downhole.
5.0m @ 8.4 g/t Au + 1.30% Cu from 194.0m downhole.
-- Encouraging assays continue to be returned from limited discovery
drilling in the Southern Vein Field. Highlights include 3m @ 9.6 g/t Au +
1.73% Cu in HTD-79 and 10.5m @ 4.9 g/t Au + 1.9% Cu in HTD-81.
-- The Preliminary Economic Assessment (PEA) is in the process of being
finalised with an anticipated completion date expected early in the New
Year.
* Twin of HTD-71
** Note - all intersections quoted are as metres downhole.
Links to Figures:
http://media.wix.com/ugd/24ee23_be0f968ffd40476485eb09220fc8292c.pdf
Chief Executive Officer Glen Parsons today commented:
"The continuity of these additional drill results at Hot Maden add
further confidence in the main zone, with the 25m infill holes further
support continuity of the high grade gold and copper mineralisation.
These results all build into the Preliminary Feasibility Study model
which is due for completion around mid next year, ultimately paving the
way for mine development.
"Encouragingly the growth potential for the further extension to the
main zone in of the offset block to the south as well as further
interesting intercepts in the Sourthern Vein Field discovery area
continues to be enhanced.
"Planned budgeted drilling for 2017 of 20,000m will be focussed on the
areas that have been delivering to date, as well as the untested area
to the south, the "Russian Mining area".
"The much anticipated PEA, although slightly delayed, is nearing
completion and is expected to be delivered early in the New Year. I
look forward to updating the market as soon as it is available."
Hot Maden Gold-Copper Project Update
Approximately 18,500 m of diamond drilling has been completed at the Hot
Maden Project during 2016 (Figure 1 and 2). Recent drilling activities
have dominantly focused on: -
-- Infill drilling on 25m centres along sections 4,542,125N, 4,542,175N, and
4,542,225N. Selected holes have been utilised for geotechnical studies
and metallurgical testwork.
-- Deeper "step out" drilling to the east in the so-called "Ridge" area,
which is located at the current southern limit of the Main Zone resource,
and scout drilling of the Southern Vein Field (the northern extension of
the area mined by Russian interests pre-1923).
No significant work has yet been undertaken in the area of the former
Russian mines (Figure 1).
Main Resource Area - Infill Drilling
Drilling advanced on 25m centres along infill cross sections 4,542,125N,
4,542,175N and 4,542,225N, within the Main Zone resource area, with the
program being designed to confirm internal continuity of the high-grade
Au-Cu mineralisation. Certain holes were also selected for further
geotechnical logging and metallurgical sampling.
On section 4,542,225N (Figure 3), HTD-77 returned high grade Au-Cu
mineralisation (90m @ 22.6 g/t Au + 4.39% Cu from 96m downhole), from an
upper massive sulphide (pyrite-chalcopyrite) zone and lower multiphase,
chalcopyrite-pyrite-hematite-jasper-bearing breccia. The deeper hole
HTD-75 returned two mineralised intervals (62m @ 11.7 g/t Au + 1.43% Cu
from 276m downhole and 44m @ 1.0 g/t Au + 1.46% Cu from 344m downhole),
both intercepts in multiphase,
chalcopyrite-pyrite-hematite-jasper-bearing breccias. On section
4,542,175N, drill hole HTD-78 also intersected an impressive 79m @ 14.3
g/t Au +1.59% Cu from 294m downhole, with mineralisation being
associated with multiphase, sulphide-bearing breccias.
Initial drilling along infill section 4,542,125N (Figure 4) included
holes HTD-82 and HTD-85. Exceptional Au-Cu grades were returned from
HTD-85, which intersected 60.6m of 82.2 g/t Au + 1.44% Cu from 209.4m
downhole in multiphase, chalcopyrite-pyrite-hematite-jasper-bearing
breccias. This mineralised interval includes an "Ultra high grade zone"
of 19.6m @ 248.3 g/t Au + 1.90% Cu from 209.4m downhole, a "Medium
grade" zone of 19m @ 3.4 g/t Au + 1.21% Cu for 229m downhole, and a "Low
grade zone" of 22.0m @ 1.6 g/t Au + 1.19% Cu from 248m downhole. This
was drilled as a twin of HTD-71 for metallurgical sampling. Drill hole
HTD-82 intersected two main mineralised intervals: 31m @ 17.0 g/t Au +
1.70% Cu from 266m downhole and 37.5m @ 2.1 g/t Au + 1.49% Cu from 317m
downhole.
Main Resource Area - Extension Drilling ("Ridge" Area)
Two new drill holes (HTD-80 and HTD-86) were completed in the "Ridge"
area, located at the southern limit of the Main Zone resource); HTD-80
successfully intersected high grade Au-Cu mineralization at depth
whereas HTD-86 remained in the adjacent zinc zone. High grade Au-Cu
intervals returned from HTD-80 include: 4.5m @ 16.3 g/t Au + 1.90% Cu
(177.5-182m), 1m @ 6.4 g/t Au + 0.30% Cu (189-190m), and 5m @ 8.4 g/t Au
+ 1.30% Cu (194-199m). The target here continues to be a block of fault
offset, Main Zone-type mineralisation located to the east of the
existing drilling, and this hypothesis will be tested as a priority in
future drilling.
Southern Vein Field / HTD 27 Area
Only two drill holes were completed in the Southern target area (the
northern extension of the area mined by Russian interests prior to 1923)
during this reporting period, with encouraging values continuing to be
returned from quartz-sulphide veinlet/breccia zones hosted in dacitic
breccias and volcanic rocks. Highlights from the current drilling
include: 3m @ 9.6 g/t Au + 1.73% Cu (144-147m) and 9m @ 3.6 g/t Au +
0.77% Cu (185-194m) in HTD-79, and 2m @ 5.4 g/t Au (128-130m) and 10.5m
@ 4.9 g/t Au + 1.90% Cu (184.5-195m) in HTD-81.
Table 1: Summary of assays for drill holes HTD-75 and HTD-77 to HTD-86,
plus sulphide-bearing intercepts in drill holes HTD-88 to HTD-93 (Cross
Sections listed from North to South)
From To Intercept
Drill Hole (m) (m) (m) Au g/t Cu % Zn % Comments
Cross
Section 4,542,225N (Main Zone) Figure 2,3
HTD-75 79.0 80.5 1.5 - - 5.04 Zinc Zone
88.0 94.0 6.0 - - 1.76
98.0 118.0 20.0 - - 1.94
228.0 232.0 4.0 - - 10.9
276.0 338.0 62.0 11.7 1.43 - Au-Cu Zone
Including 282.0 284.0 2.0 250.0 6.50 -
334.0 388.0 44.0 1.05 1.46 -
HTD-77 46.0 52.0 6.0 - - 3.55 Zinc Zone
96.0 186.0 90.0 22.6 4.39 - Au-Cu Zone
Including 99.0 110.0 11.0 30.9 6.30 -
120.0 151.0 31.0 0.5 7.10 -
HTD-88 324.0 367.0 43.0 Pending Step back to HTD-75
381.0 393.0 12.0 Pending
427.5 452.0 24.5 Pending
HTD-90 251.3 331.0 79.7 Pending Met Hole
Cross
Sections 4,542,175N (Main Zone) Figure 2
HTD-78 156.4 162.0 5.6 - - 2.52 Zinc Zone
231.0 232.0 1.0 - - 5.60
248.5 250.0 1.5 - - 4.40
264.0 274.0 10.0 - - 9.96
294.0 373.0 79.0 14.3 1.59 - Au-Cu Zone
Including 296.0 314.0 18.0 55.1 1.58 -
Cross
Section 4,542,125N (Main Zone) Figure 2, 4
HTD-82 209.0 217.0 8.0 0.8 - 10.9 Au-Zn Zone
239.0 244.0 4.0 - - 5.57 Zinc Zone
266.0 297.0 31.0 17.0 1.70 - Au-Cu Zone
Including 272.0 286.0 14.0 32.1 1.26 -
317.0 354.5 37.5 2.1 1.49 -
HTD-85 100.0 102.0 2.0 - - 3.86 Zinc Zone
161.0 164.5 3.5 - - 2.30
209.4 270.0 60.6 82.2 1.44 - Au-Cu Zone
Including 209.4 229.0 19.6 248.3 1.90 -
229.0 248.0 19.0 3.4 1.21
248.0 270.0 22.0 1.6 1.19
274.0 289.0 15.0 0.3 1.60 -
HTD-89 306.0 320.0 14.0 Pending Step-back to HTD-82
350.0 379.0 29.0 Pending
379.0 445.0 66.0 Pending
HTD-91 217.0 225.0 8.0 Pending Step-forward to HTD-85
Cross
Section 4,542,100N, (Main Zone) Figure 2
HTD-83 15.0 32.0 17.0 1.40 - 2.69 Au-Zn Zone
37.0 46.0 9.0 0.7 - -
HTD-84 84.0 86.3 2.3 1.0 - - Au-Zn Zone
HTD-87 135.0 156.0 21.0 - - 2.0 Zinc Zone
Cross
Sections 4,542,000N, 4,542,050N (Ridge Area) Figure 2
HTD-80 177.5 182.0 4.5 16.3 1.90 - Au-Cu Zone
189.0 190.0 1.0 6.4 0.30 -
194.0 199.0 5.0 8.4 1.30 -
205.0 206.0 1.0 47.0 3.73 -
207.0 208.0 1.0 12.0 0.66 -
HTD-86 320.0 324.0 4.0 0.6 - 7.97 Zinc Zone
Multiple veinlet /
HTD-92 breccia zones Pending Quartz vein zone (dacite)
Multiple veinlet /
HTD-93 breccia zones Pending Quartz vein zone (dacite)
Cross 4,541,900N and 4,541,750N (Southern
Sections Vein Field) Figure 2
HTD-79 144.0 147.0 3.0 9.6 1.73 - Quartz vein zone (dacite)
172.0 185.0 13.0 1.0 0.10 -
185.0 194.0 9.0 3.6 0.77 -
Step back to HTD-53
HTD-81 128.0 130.0 2.0 5.4 - - Quartz vein zone (dacite)
184.5 195.0 10.5 4.9 1.90 -
Including 193.0 194.0 1.0 15.1 1.69 -
247.0 248.0 1.0 7.8 0.30 -
277.0 292.0 15.0 1.9 0.50 -
301.0 324.0 23.0 0.4 - 2.90 Au-Zn Zone
368.0 395.0 27.0 - - 1.30 Zinc Zone
Quality Control and Assurance
Mineralised intervals presented in Table 1 are drill intersection widths
and may not represent true widths of mineralisation. Drill core obtained
from the diamond drill program was dominantly HQ-sized core with the
remainder being PQ-sized core. All drill core was photographed and quick
logged prior to sampling. Standard sampling protocol involved the
halving of all drill core and sampling over generally 1 m intervals (in
clearly mineralised sections) or 2 m intervals (elsewhere), with one
half of the core being placed in a sealed sample bag and dispatched to
the analytical laboratory for analysis. Samples have been analysed at
ALS Laboratories' facility in Izmir, western Turkey. All samples have
been analysed for gold using a 30g Fire Assay with AAS finish (or Screen
Fire Assay for higher grade samples), in addition to a 32 element
ICP-AES analysis of an aqua regia digest. Samples in which ICP analyses
returned greater than the maximum detection limit for the elements Ag
(10 ppm), Cu (10,000 ppm), Fe (15%), Pb (10,000 ppm), and Zn (10,000
ppm) were reanalysed using the AAS analytical technique, Standards and
blanks were inserted in to the analytical sequence on the basis of one
standard for every 20 samples, two blanks in every batch, and one
duplicate every 40 samples.
Health, Safety, and Environment (HSE)
No HSE incidents have been reported during the current diamond drill
program.
Hot Maden drill holes - technical data
Technical data relating to Hot Maden diamond drill holes HTD-75 and
HTD-77 to HTD-93 are given in the following tables.
Main Resource Area - Extension, Infill and Metallurgical Drilling
Elevation Dip Depth
Hole ID Easting Northing (m) Azimuth (degrees) (m) Assays
HTD-75 740,789.8 4,542,216.8 876.4 270 -68 498 Complete
HTD-77 740,765.5 4,542,218.6 873.9 270 -33 195 Complete
HTD-78 740,788.7 4,542,175.5 874.1 270 -68 549 Complete
HTD-82 740,804.1 4,542,118.2 869.3 272 -57 387 Complete
HTD-83 740,543.7 4,542,084.5 901.5 090 -60 72 Complete
HTD-84 740,474.9 4,542,096.2 912.5 090 -55 165 Complete
HTD-85 740,767.3 4,542,126.0 866.3 270 -55 333 Complete
HTD-87 740,774.6 4,542,100.6 866.9 270 -44 282 Compete
HTD-88 740,789.1 4,542,217.7 876.3 272 -74 468 Pending
HTD-89 740,813.9 4,542,115.6 869.7 273 -62 447 Pending
HTD-90 740,787.7 4,542,217.5 876.4 270 -63 385 Pending
HTD-91 740,765.9 4,542,126.0 865.9 270 -48 273 Pending
Ridge Area
Elevation Dip Depth
Hole ID Easting Northing (m) Azimuth (degrees) (m) Assays
HTD-80 740,455.8 4,542,002.8 901.1 090 -60 400 Complete
HTD-86 740,456.0 4,542,056.9 904.8 085 -53 336 Complete
HTD-92 740,495.4 4,542,002.1 922.7 090 -60 264 Pending
HTD-93 740,404.7 4,542,002.2 875.9 090 -60 468 Pending
Southern Discovery / Southern Vein Field
Elevation Dip Depth
Hole ID Easting Northing (m) Azimuth (degrees) (m) Assays
HTD-79 740,456.2 4,541,900.1 915.6 090 -60 399 Complete
HTD-81 740,452.9 4,541,750.3 881.0 090 -55 397.5 Complete
**S**
Qualified Person
The technical and scientific information contained in this news release
has been reviewed and approved for release by Eric Roth, the Company's
Qualified Person as defined by National Instrument 43-101. Mr Roth is
the Company's Chief Operating Officer and Executive Director and holds a
Ph.D. in Economic Geology from the University of Western Australia, is a
Fellow of the Australian Institute of Mining and Metallurgy (AusIMM),
and is a Fellow of the Society of Economic Geologists (SEG). Mr Roth
has 25 years of experience in international minerals exploration and
mining project evaluation.
For further information please visit website at www.marianaresources.com
or contact the following.
Glen Parsons (CEO) Mariana Resources Ltd +61 2 9437 4588
Eric Roth (COO) Mariana Resources Ltd +56 9 8818 1243
Karen Davies (IR) Mariana Resources Ltd (Canada) +1 604 314 6270
Rob Adamson RFC Ambrian Limited (Nomad) +61 2 9250 0041
Will Souter RFC Ambrian Limited (Nomad) +61 2 9250 0050
In U.K.
Oliver Stansfield Brandon Hill Capital (UK Broker) +44 20 3463 5061
Jonathan Evans Brandon Hill Capital (UK Broker) +44 20 3463 5016
Camilla Horsfall Blytheweigh (Financial PR) +44 20 7138 3224
Megan Ray Blytheweigh (Financial PR) +44 20 7138 3203
About Mariana Resources
Mariana Resources Ltd is an AIM (MARL) and TSXV (MRA) quoted exploration
and development company with an extensive portfolio of gold, silver and
copper projects in South America and Turkey.
Mariana's most advanced asset is the Hot Maden gold-copper project in
north east Turkey, which is a joint venture with its Turkish JV partner
Lidya (30% Mariana and 70% Lidya) and rapidly advancing to development.
An updated mineral resource estimate (detailed table below) of 3.43 Moz
gold Equivalent (Indicated Category) and 0.09 Moz gold Equivalent
(Inferred Category) (100% basis) in the main resource zone as well as a
maiden 351,000 Moz gold Equivalent (Inferred Category) (100% basis) in
the new southern discovery zone was reported for Hot Maden on July 25,
2015. Elsewhere in Turkey, Mariana holds a 100% interest in the Ergama
gold-copper project.
In southern Argentina, the Company's core gold-silver projects are Las
Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal
(100%). These projects are part of a 160,000+ Ha land package in the
Deseado Massif epithermal gold-silver district in mining-friendly Santa
Cruz Province.
In Suriname, Mariana has a direct holding of 10.2% of the Nassau Gold
project. The Nassau Gold Project is a 28,000 Ha exploration concession
located approximately 125 km south east of the capital Paramaribo and
immediately adjacent to Newmont Mining's 4.2Moz gold Merian project.
In Peru and Chile, Mariana is focusing on acquiring new opportunities
which complement its current portfolio.
Hot Maden Mineral Resource Estimate - Main Gold-Copper
Zone (2 g/t AuEq Cut-off)
Indicated Mineral Resource
Domain Tonnes Au Cu Zn AuEq Au Cu AuEq
t g/t % % g/t* Ounces Tonnes Ounces**
Main Zone LG 463,000 1.1 1.1 0.3 2.4 17,000 5,000 36,000
Main Zone HG 4,501,000 3.9 1.9 0.2 6.3 570,000 87,000 908,000
Main Zone
UHG 2,086,000 32.7 3.5 0.1 36.9 2,195,000 73,000 2,476,000
Mixed
Gold-Zinc 17,000 7.5 3.1 3.6 11.2 4,000 1,000 6,000
Peripheral
Lodes 60,000 2.1 0.4 0.4 2.5 4,000 5,000
Total 7,127,000 12.2 2.3 0.2 15.0 2,790,000 166,000 3,431,000
Inferred Mineral Resource
Domain Tonnes Au Cu Zn AuEq Au Cu AuEq
t g/t %% g/t* Ounces Tonnes Ounces**
Main Zone LG 395,000 1.7 0.9 0.03 2.8 21,000 4,000 35,000
Main Zone HG 31,000 3.9 1.6 0.1 5.8 4,000 6,000
Main Zone
UHG 6,000 39.1 2.1 0.01 41.6 7,000 8,000
Mixed
Gold-Zinc 4,000 1.7 0.4 2.4 2.2
Peripheral
Lodes 282,000 3.2 0.9 0.1 4.3 29,000 2,000 38,000
Total 718,000 2.7 0.9 0.1 3.8 62,000 7,000 88,000
Hot Maden - Southern Gold-Copper Zone (2 g/t AuEq
Cut-off)
Inferred Mineral Resource
Domain Tonnes Au Cu Zn AuEq Au Cu AuEq
t g/t %% g/t* Ounces Tonnes Ounces**
South Zone
LG 396,000 2.8 0.7 0.0 3.6 35,000 3,000 46,000
South Zone
HG 583,000 5.3 0.7 0.0 6.1 98,000 4,000 114,000
Main Zone
UHG 224,000 22.2 1.0 0.0 23.4 160,000 2,000 169,000
Mixed
Gold-Zinc 44,000 9.0 1.0 3.2 10.2 13,000 15,000
Peripheral
Lodes 104,000 1.9 0.3 0.0 2.2 6,000 7,000
Total 1,352,000 7.2 0.7 0.1 8.1 313,000 10,000 351,000
*Au Equivalence (AuEq) calculated using a 100 day moving average of
$US1,215/ounce for Au and $US2.13/pound for Cu as of May 29, 2016. No
adjustment has been made for metallurgical recovery or net smelter
return as these remain uncertain at this time. Based on grades and
contained metal for Au and Cu, it is assumed that both commodities have
reasonable potential to be economically extractable.
1. *-The formula used for Au equivalent grade is: AuEq g/t = Au + [(Cu % x
22.0462 x 2.13)/(1215/31.1035)] and assumes 100 % metallurgical recovery.
2. **-Au equivalent ounces are calculated by mulitplying Mineral Resource
tonnage by Au equivalent grade and converting for ounces. The formula
used for Au equivalent ounces is: AuEq Oz = [Tonnage x AuEq grade
(g/t)]/31.1035
Safe Harbour
This press release contains certain statements which may be deemed to be
forward-looking statements. These forward-looking statements are made
as at the date of this press release and include, without limitation,
statements regarding discussions of future plans, the realization, cost,
timing and extent of mineral resource estimates, estimated future
exploration expenditures, costs and timing of the development of new
deposits, success of exploration activities, permitting time lines, and
requirements for additional capital. The words "plans", "expects",
"budget", "scheduled", "estimate", "forecasts", "intend", "anticipate",
"believe", "may", "will", or similar expressions or variations of such
words are intended to identify forward-looking statements.
Forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause actual
results to vary materially from those expressed or implied by such
forward-looking statements, including, but not limited to: the effects
of general economic conditions; the price of gold, silver and copper;
misjudgements in the course of preparing forward-looking statements;
risks associated with international operations; the need for additional
financing; risks inherent in exploration results; conclusions of
economic evaluations; changes in project parameters; currency and
commodity price fluctuations; title matters; environmental liability
claims; unanticipated operational risks; accidents, labour disputes and
other risks of the mining industry; delays in obtaining governmental
approvals or in the completion of development or construction
activities; political risk; and other risks and uncertainties described
in the Company's annual financial statements for the most recently
completed financial year which is available on the Company's website at
www.marianaresources.com . Although we believe that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions and have attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such forward-looking statements. Accordingly, readers are cautioned
not to place undue reliance on forward-looking statements. We do not
undertake to update any forward-looking statements, except in accordance
with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Mariana Resources Ltd via Globenewswire
http://www.marianaresources.com/index.php
(END) Dow Jones Newswires
December 20, 2016 02:00 ET (07:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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