Mariana Resources
Mariana Resources Ltd is a Guernsey incorporated investment holding company established to acquire potentially large or high value gold and copper-gold prospects in Chile, Argentina and other selected parts of South America.
The Group's strategy is to seek underexplored areas with potential for high grade polymetallic-gold epithermal/skarn mineralisation. Mariana brings to bear considerable field experience in this regard and early recognition of critical geological features is an important aspect.The Mariana Team brings together over 150 years of combined industry experience, with a specific South American focus.
Mariana Resources identifies seven gold-silver targets at Dos Calandrias
South American focused mineral hunter, Mariana Resources (AIM: MARL) reported positive progress at the Dos Calandrias gold-silver project in Santa Cruz Province, Argentina. The Dos Calandrias Project is located within Mariana Resources’ 100% owned Tongoril tenement in the central part of the Deseado Massif. Santa Cruz Province is a hot bed of activity for mineral exploration thanks to numerous gold-silver discoveries in recent years combined with supportive framework for mining companies.
Mariana reported that recent soil geochemistry and reconnaissance rock chip sampling had identified seven drill targets already within two gold anomalies, Calandrias Sur and Calandrias Norte.
At Calandrias Sur, samples were collected every 50m on E-W lines spaced 50 m apart over an area 800 by 600m. Rock chip sampling at Calandrias Sur returned 0.5 m @4.5 grams per tonne gold (Au) and 405 grams per tonne silver (Ag) and 0.8 m @ 5.7 g/t Au and 241 g/t Ag.
At Calandria Norte, samples were collected every 25 m along SE-NW lines spaced 50 m apart over an area 600m by 300m.
Scout drilling is planned once the necessary permits are obtained; in the meantime, Mariana stated that it would continue exploration with a trenching program.
John Sutcliffe, Managing Director of Mariana Resources noted the potential at Dos Calandrias: "The recently discovered breccia zones at Dos Calandrias show potential for high-grade vein and bulk tonnage mineralization in this exciting rhyolite dome setting in the Deseado Massif. A limited amount of trenching will be carried out shortly and reconnaissance drilling is planned as soon as the environmental permit is granted".
Register here to be notified of future Mariana Resources articles.
Other Mariana Resources articles
-
01/12/09 Mariana Resources – discovering solid value in South America
-
02/03/09 Mariana Resources completes Sierra Blanca Silver-Gold Project earn in
-
25/11/08 Mariana Resources reports positive results from Argentina and Chile projects
-
28/08/08 Mariana Resources “gets” Santa Cruz and Catamarca
-
23/04/08 transcript of audio interview with Mariana Resources
-
30/01/08 Mariana Resources: three countries, four partners and a pipeline of prospects
-
04/10/07 Latin mine hunter Mariana Resources is still hunting
Other Mariana Resources news
-
27/01/10 Mariana Resources and Hochschild intersect quartz veinlets at Los Amigos gold-silver JV
-
23/12/09 Mariana Resources says drilling results at Buenaventura and Perro Chico iron-oxide-copper-gold projects indicate mineralisation potential
-
02/12/09 John Sutcliffe of Mariana Resources talks about silver, gold and Hochschild Mining
-
30/11/09 Mariana Resources secures right to acquire 100% of Sierra Blanca silver gold project
-
16/11/09 Mariana Resources closes placing, raises a better-than-expected £2.95 mln for Dos Calandrias gold-silver project
-
12/11/09 Mariana Resources and Hochschild launch JV to develop gold and silver properties in Argentina
-
10/11/09 Mariana Resources raises £2.6 million at premium thanks to strong interest in new gold-silver discovery
-
28/10/09 Mariana Resources makes new gold-silver discovery at Dos Calandrias, Argentina
-
19/10/09 Mariana Resources reports high grade results from drilling at Dos Calandrias, Argentina
-
07/10/09 Mariana starts drilling iron oxide-copper-gold targets at Chilean projects Buenaventure and Perro Chico