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Mariana Intersects 96m @ 0.92 g/t Au, 15 g/t Ag and 0.2% Cu in Breccia # 5 at Soledad in Central Peru
Mariana Resources, an AIM quoted exploration and development company focused in Peru and southern Argentina, has announced further positive results from its 2000m drill campaign at the copper-gold-silver Soledad prospect in Peru, located in the prospective Cordillera Negra metallogenic province approximately 34 km to the south of the Pierina gold-silver mine operated by Barrick Gold Corporation.
Mariana has an option to earn a 70% interest in Soledad, which is fully drill permitted, through its agreement with tenement owners Condor Resources Inc. (TSXV:CN).
The first seven holes of the 2000m program were designed to test grade and extent of mineralisation in the cluster of quartz-tourmaline breccias which provide a vector towards a potential mineralised copper-gold porphyry at depth. The balance of the drill program, with assay results outstanding, has been designed to target for a concealed porphyry at approximately 200m depth.
Overview
– First half of the program has confirmed strong mineralisation extending over a 1km diameter between Breccia 1 and the previously untested Breccia 5, 6 and Cima Blanca targets (Fig 2)
– SDH-007 (Breccia 5) intersected breccia-hosted sulphide mineralisation with 96m @ 0.92 g/t Au, 15 g/t Ag and 0.2% Cu from 33m, including 26m @ 1.5 g/t Au and 0.2 % Cu from 103m to 129m (Fig 3)
– SDH-005 (Breccia 6) intersected breccia-hosted sulphide mineralisation with 74m @ 0.54 g/t Au, 34 g/t Ag from 2m, including 37m @ 0.82 g/t Au, 65 g/t Ag from 2m (Fig 4)
– Mariana previously reported SDH-001 (Breccia 1) intersected breccia-hosted sulphide mineralisation with 33m @ 3.4 g/t Au, 23 g/t Ag, 1.0% Cu from 58m, including 21m @ 5.2 g/t Au, 34 g/t Ag, 1.5% Cu from 59m
– At Cima Blanca (high level porphyry target), SDH-003 intersected gold and silver mineralisation in a silicified structure above a zone of strongly anomalous molybdenum (Fig 5) with 5m @ 3.9 g/t Au and 13 g/t Ag from 43m; including 2.75m @ 7.0 g/t Au and 24 g/t Ag and 17m @ 58 ppm Mo including 3m @ 166 ppm Mo from 143 m
– At Breccia 3 , minor zones of mineralisation were intersected:
SDH-004: 5m @ 18.8 g/t Ag from 5m and 2m @ 0.2 % Cu from 54m;
SDH-006: 4m @ 0.1 g/t Au, 11 g/t Ag and 0.2 % Cu from 72m
Chief Executive Officer, Glen Parsons commented, “Results of mineralisation from the first half of the program have been extremely encouraging with centres of mineralisation at Breccias 1, 5, 6 and Cima Blanca occurring within a 1km2 area. The new target areas specifically Breccia 5 and 6 have yielded further strong mineralisation within the pipes, which along with results from Breccia 1 enhances our overall geological model considerably.
“Drilling to date focussed on shallower zones within the pipes to confirm extent of this mineralisation. Now we are completing the drill programme by targeting deeper breccia pipe levels and adjoining potentially mineralised intrusive porphyry at depth. The scalability of Soledad has certainly been enhanced with results to date and we look forward to updating the market with the next phase of deeper holes.”
