News blog
Mariana Resources
- BY: Andrew Hore |
- POSTED: 11/07/2008 |
Mariana Resources says the strike length of its silver prospect in Argentina has been extended.
Trenching has shown high levels of silver at the Chala vein at the Sierra Blanca concession. The cumulative vein length has doubled to 1,690m. Many of the results show more than 100g of silver/tonne and some exceed 700g of silver/tonne.
Managing director John Sutcliffe says that the latest results confirm the area as a “premium bonanza silver drill target”. Sutcliffe says that the area remains under-explored.
Mariana believes it will obtain a drill rig by the autumn and it will then be able to start drilling.
Mariana recently raised nearly £1m so it has enough cash to take it into next year.
The shares rose 0.75p to 9p following the exploration news. That values Mariana at £4.91m.
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