Mariana Share Discussion Threads

[pr0t0n] 21/9/2016 12:09

Ultra High Grade zone is the key.
MARL`S 2,476,000 AuEq @ 36.9 g/t equates to $1564 per tone.
Compare that to Alacer Gold`s Turkish project @4g/t AuEq which equates to $170 per tone.
Alacer`s all-in Costs2 are $759 per ounce AuEq

[gersemi] 21/9/2016 11:34

Nicked this from 3-I's..thanks to Ph-Brown

:

'10:52
Share price present and future

Pharma Brown

I'm quite surprised how below-the-radar MARL currently seems to be, with tiny volumes and little liquidity. I would have anticipated that the price by now would have been rising strongly in anticipation of the all-important PEA. At this rate, if the PEA just suddenly appears and (let us speculate) tells us that it will cost less than $200 to produce an ounce of gold from our 30g/t main resource and with gold price > $1200/oz the profit will thus be in excess of $1000 per ounce (and 1.25 million ounces equating to $1.25 billion!!) then where will the inevitable price spike take us to? Does anyone have knowledge of how NPV should relate to Market Cap (albeit this being AIM)? With current market cap of only £66m on a mid-price of 55.5p and 119m shares in issue, we must surely be looking at many pounds per share and massive multi-bagger? Could this be like those amazing 4 or 5 days when REM moved up from share price of one-tenth of a penny to 2 pence at highest after it released its 'World-Class Lithium Resource' figures? Hot Maden is right up there at the top of 'World-Class' gold resource charts.

PB - getting very VERY excited, 100% portfolio invested here!! '

[shavian] 20/9/2016 07:01

Thanks Pr0t0n, this version of the map has not yet appeared on the website. The proposed drill plan for the old Russian zone looks really interesting.

Let's see how this 'pennant' in the share price continues to develop. There is potential for a breakout (either way) in the next couple of months - for those of a chartist persuasion.

[pr0t0n] 17/9/2016 15:27

Shavian,
Only speculation at this point.
There is a plan to drill south zone as presented on the map
that was in the latest presentation from precious metals summit.
You can see location of proposed drill holes.

[shavian] 17/9/2016 06:54

Why would they cash up at this stage when there may me much more to go for in the Southern zone extension etc? However, if they do we can still retain an interest in HM via the Sandstorm NSR by holding SSL, and there are lots of other good reasons for doing that.

Note the comment in the RNS that the PEA is now expected 'about' October. That's miner-speak for 'we are not fully confident about the date we gave you last time'

[gersemi] 16/9/2016 18:46

from today's Pro-Inv

Mariana Resources (LON:MARL) – BUY*: Publication of NI43-101

Market Cap: £66.8m; Current Price: 54p; Target Price: 104p

Filling of NI43-101 report on SEDAR

Mariana Resources has filed its NI43-101 report for the high-grade Hot Maden Gold Copper Project on SEDAR.

PEA due for publication October.

NORTHLAND CAPITAL PARTNERS VIEW: Mariana Resources and its joint venture partner Lidya have defined c. 4moz Au eq. at a remarkable gold eq. grade of 10.2g/t Au eq. (based on Northland metal price assumptions). Mariana’s publication of its PEA in October will be a major milestone for the Company and will be followed up by a preliminary feasibility study in H117.

[stompy jones] 16/9/2016 16:43

Hi fulmar. Those are very interesting comments. Thanks for your trouble.

[barrywhit] 16/9/2016 16:28

Very true pr0t0n,

Hence I would expect the all-in costs to be below $550......

[pr0t0n] 16/9/2016 16:03

Grade is the king Barry :-)

Their grade ( Alacer/Lidya project) is @3 g/t au.
According to Glen Hot Maden would have a nice profit margin even if gold was $700 per ounce.Within few weeks we`ll have an answer.

[fulmar29] 16/9/2016 15:49

Stompy,i've always thought it amazingly convenient that Marl happened to "merge" with Agean,( what would Marl be now without their portfolio),and Erics pet project was Ergama and he obviously sold Erg and HM to Marl as worth investing in.I have contacted Eric a few times and its just the impression I get.Whatever,HM has turned out to be a winner and if Ergama has half as much gold with us owning 100% Wow!

[barrywhit] 16/9/2016 15:05

gersemi,

Thanks for the link, interesting read. The all-in sustaining cost of $759 seems quite high, I would expect MARL'S all-in costs to be well below Alacer, due to the comments from MARL...

[gersemi] 16/9/2016 14:32

Interesting parallel to MARL. Alacer are also partnered by Lidya..worth a gander as an indication as to the possible direction of our partnership with Lidya

[stompy jones] 16/9/2016 13:47

Hi Fulmar

" ... and Ergama (100%) may be the original and larger target."

If you don't mind me asking, what makes you think so? Hunch or something more?

[arab3] 16/9/2016 12:52

3 halves ?

[pr0t0n] 16/9/2016 11:50

FULMAR,

HotMaden fault zone is roughly 5km long.
I`d imagine if they keep drilling they could prove 10 + million oz/au,
but I don`t think that will happen.

From NI-43-101 :

"MARL/Lidya’s planning for the 2014 drill campaign was almost completely based on soil geochemistry
anomalies and trends that were delineated several months prior."

There was good interview with Brent Cook few years back, :

"Technology can, and does, help. Geophysics helps us see deeper into the earth. We are also using mobile metal elements for sampling, along with more detailed and precise geochemical methods. Technology helps, but it does not solve the issue of actually finding these new deposits. Geophysics measures the geophysical difference between one rock type and another; it does not tell you anything about grade.

It still comes down to drilling. And it takes a good geologist with an imagination to interpret data and decide where to go. This is a very inexact science. In fact, it is half science, half art and half luck."

[fulmar29] 16/9/2016 11:20

proton,your post is informative as always and makes me think that there is an awful lot yet to be discovered on the HM site and it may have been quite suprising for all there to find the quantities and grades of gold that they have so far.I still believe that HM is a fortunate side show and Ergama (100%) may be the original and larger target.

[pr0t0n] 16/9/2016 08:32

Interesting history :

Drilling at the Hot Maden prospect prior to the 2014-2015 MARL/Lidya program is poorly documented. Local
villagers report that the Russians carried out drilling, along with tunnelling, more than 100 years ago, but
there is no documentation for this early drilling. The now defunct Etibank A.S. (“Etibank̶1;), a state entity,
carried out drilling of 3 to 5 holes in the late 1970’s in the area of the old Russian copper mine. No results are
available for the Etibank holes, although old MTA maps and villagers recall the general location of these
holes. Also in the late 1970’s, the MTA mining branch of the Turkish government proposed several holes
based IP/TURAM geophysics but these were not drilled. One of the planned holes was on the same site
where the Lidya/Mariana eventually drilled its discovery holes in December 2014.
Anglo-Turk, a subsidiary of Anglo American, carried out a six-hole drilling program in 1991-92. The official
locations, drilling directions, and results were not provided to Aegean/MARL. According to the villagers and
visually confirmed by Henricksen, Anglo-Turk drilled three drillholes close to the gold zone and possibly
testing the gold zone. Two of the holes were located on the north side of the Hot stream and one is near old
copper workings in the south zone of the Hot Maden concession. AngloTurk’s wide spaced drill program at
Hot Maden was designed primarily to test for the presence of porphyry copper-style mineralization

[stompy jones] 16/9/2016 08:12

"Ask yourself why MARL have independently commissioned this PEA, and not merely awaited the JV-funded Developmental Economic Appraisal expected net year. It is possible that MARL's share may be sold before even that stage is reached."

Been asking myself the same question and can't come up with a different reason.

[gersemi] 16/9/2016 07:11

That looks promising!

Time to sit down with a coffee and attempt to digest and understand this monster of a report

[pr0t0n] 16/9/2016 07:07

Mariana Resources Ltd Mariana Resources Ltd : Turkey-Hot Maden Gold Copper Project Ni43-101 Lodged On Sedar




NI 43-101

[pr0t0n] 15/9/2016 13:02

Barry,
Eric Roth in this one ;-)

Published on Sep 7, 2016
Hot Maden Updated Resource Model and Commentary July 2016

[barrywhit] 15/9/2016 08:03

Cheers pr0t0n,

Why don't they get Eric to present at the seminars, he was in the audience.Glen always seems uncomfortable........

[gersemi] 14/9/2016 22:23

top stuff proton..appreciated and excited!

[pr0t0n] 14/9/2016 21:47

Here we go, last one for tonight...

WEBCAST from Colorado - 14/9/16