Re: Off The Radar? FTP, I reckon I already owe you a drink (or two?) for putting me on to Marl. I would be VERY nice to put XEL behind me by making a big gain here! 10p would do me VERY nicely thank you! ATB
Re: Off The Radar? FranconiaAfter the XEL fiasco it would be nice to get that second chance All the ducks lining up very nicely here. I just hope the Board are realistic and not greedy. I would settle for anything above 10p.Enjoy the Bank holiday weekend.
Beaufort published a note this morning, it's up on Research Tree: "The aforementioned exploration and drilling results at the Hot Maden project continue to intersect new gold–copper and zinc mineralisation. The hole HTD-52 has confirmed the presence of deeper resource extension below discovery hole HTD-04 and that holes HTD-51 and HTD-53 have showcased further potential to the south in the new discovery area. Mariana observed multiple high-grade quartz sulphide vein and veinlet zones towards the South. The company plans to target this area for exploration owing to the presence of high-grade mineralisation. We are buoyed by Mariana's exploration results and await further updates. Therefore, we maintain a..."
Off The Radar? I am really surprised that Marl has not (YET!) attracted the attention of the 'crazies' and day traders given that its has doubled in a month. I do wonder if the Bank Hol weekend press will have any features on Marl and whether Glen will be able to keep the momentum going with 2 RNS in a week and 2 BRR Media interviews![link] are even articles about Gold appearing:[link] this could yet be the perfect place at the perfect time. That would be a first for me!
Northland Capital Partners's note on Mariana is out on Research Tree this morning. "The southern area of Hot Maden (Figure 1) is now a significant exploration target for Mariana Resources and its joint venture partner Lidya. The Company has defined multiple narrow ultra-high-grade quartz sulphide veins similar in style to what was previously mined in the 1920’s. The southern area now represents another level of upside beyond the resource expansion drilling located in closer proximity to the existing resource base. Drilling continues both on the southern area and in and around the existing mineral resource area..."
Re: Very positive RNS From March RNS re proposed drilling start in Chile, so maybe more good news next week? wouldn't want to be.......The anticipated RC drill program in northern Chile, which is funded by Asset under the earn in, is due to commence shortly with the objective of confirming the potential for a high sulphidation gold silver deposit at Dona Ines and, 20 km to the north, at Exploradora East we are seeking a concealed porphyry copper system. We anticipate drilling to commence by mid-April 2016 with assay results due later in May and I look forward to updating shareholders on these results as well as keeping the market abreast of developments at the high grade gold and copper Hot Maden Project."
Re: Very positive RNS I doubt there will be much more upside this week. The next news will be the updated resource estimate, but not expected until sometime in June, so plenty of time for the price to drift down on profit taking. Maybe a buying opportunity later around 3.2p before the next news?
Re: Very positive RNS Good enough to crack 4p today maybe?
Very positive RNS Discovery in South, more high grade, resource upgrade to comeVery encouragingNM
Re: Pro active coverage . Positive Anyone looking at MARL who has not been on board for a while should look at this article from Proactive Investor, which gives an excellent summary of the investment case as it was on 30th December 2015. Then just update from the RNSs:[link]
SP Angel published a note on Mariana this morning, too - it's up on Research Tree: "Mariana has released results from its continuing drilling programme at Hot Maden in Turkey. Results from Holes HTD-36 to HTD-50 have been released and results from Holes HTD51-HTD53 are expected to be released shortly. The drilling has been planned to examine three different areas: Potential extensions to the known high grade copper/gold resource where the company announced a maiden resource of 2.2m oz of gold in August 2015. Scout drilling of the southern â€œRidge Areaâ€ which is the southerly step out extension of the current resource area; and Scout drilling of the â€œSouthern Vein Fieldâ€ which represents the northern extension of an area mined by Russian interests before 1923. The company reports that some of the highest grade zinc intersections it has encountered, have been located around the northern and eastern margins of the resource area, including an intersection of 36.5m at an average grade of 7.1% zinc; 1.8 g/t gold and 0.51% copper from a depth of 25.5m in Hole HTD-44. In the southern area, 400m south of the ciurrent resource area, high grade stockwork mineralisation includes an intersection of 1m at an average grade of 13.7 g/t gold from a depth of 64m â€œwith assays pending for multiple sulphide bearing stockwork zones in HTD-51 and HTD-53â€. In the northern section of the current mineral resource area, Hole HTD-52 has intersected â€œa new down-dip extension to the high grade gold-copper resource.â€ Although assays for this hole are not yet available, â€œA total of 50m of multiphase, chalcopyrite-pyrite (hematite-jasper) bearing breccia was intersected from 262m.â€ The company is currently updating the Hot Maden mineral-resources estimate and this work, which will presumably incorporate much of the recent drilling since the August 2015 estimate, is expected to be completed next month. Drilling at Hot Maden is continuing to make high grade intersections. We look forward to the results of the current resource estimate..."
Northland Capital published a note on Mariana this morning, it's up on Research Tree: "Mariana Resources and joint venture partner Lidya’s continued drill programme at the ultra-high grade Hot Maden Project has demonstrated that in the south there appears to be a structural offset that requires further investigation to determine if the ultra-high grade gold-copper mineralisation continues to the south. Drilling to the north has demonstrated high-grade zinc mineralisation, with drilling 400m to south defining a different style of gold mineralisation – high-grade narrow veins/stockworks. The partners have also designed a geophysical programme to investigate the potential for a deep (>400m) gold-copper porphyry system located below the anhydrite breccias..."
Pro active coverage . Positive [link]
Re: RNS out with recent results The mineral resource could be 2-3 times the original estimate given the very high grades at low depths.It seems there is a good low entry point here and this could easily move much much higher quickly with 10p a possibility short - medium term..
RNS out with recent results Highlight courtesy of FRITS on LSE board:Highlights:◦Assays are pending for a down-dip extension to the high grade gold-copper resource which has been intersected in hole HTD-52, below discovery hole HTD-4, with a chalcopyrite-pyrite-bearing breccia extending over 50m downhole.◦Some of the highest grade zinc intervals to date have been intersected in holes drilled around the northern and eastern margins of the high grade gold-copper resource, including HTD-44: 36.5m @ 7.1% Zinc ("Zn" + 1.8 g/t Gold ("Au" + 0.51% Copper ("Cu" from 25.5m*.◦Exploration drilling in the southern target area, 400m south of the existing resource area and within the northern extension to the pre-1923 vein mining area, has returned high grade vein / stockwork type gold mineralisation in HTD-50: 1.0m @ 13.7 g/t Au from 64m with assays pending for multiple sulfide-bearing vein/stockwork zones in HTD-51 and HTD-53. ◦High grade, stockwork/veinlet gold-copper mineralisation was intersected in scout drill hole HTD-45: 5m @ 5.0 g/t Au from 11m, 15m @ 3.2 g/t Au + 1.22% Cu from 24m, and 5m @ 9.1 g/t Au + 1.4% Cu from 46m, one of five holes in the untested "Ridge Area" to the south and southeast of the high grade gold-copper resource. A possible structural offset to the high grade zone between the Ridge Area and Main Zone is a target for future drilling.◦An updated mineral resource estimate for Hot Maden will incorporate assay results from drill holes HTD-18 to HTD-53 into the existing resource model, and is expected to be completed in June 2016.◦Exploration activities (geological / structural mapping, geochemical sampling) continue to focus on the generation of new high-grade gold-copper targets for drill testing. A geophysical program designed to search for a mineralized porphryry gold-copper system underlying the high grade mineral resource (and beneath the anhydrite breccias at 400m vertically) is expected to be undertaken during H2, 2016. GLA