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Mariana Resources

  • BY: Andrew Hore |
  • POSTED: 29/11/2013 |

Mariana Resources is raising £2.67m at 4.5p a share to finance gold-copper projects in Peru.

The share price fell 0.7p to 4.68p, which values the existing share capital at £16.7m.

The cash will be used on the Condor de Oro and Soledad projects which have been optioned from TSX-V quoted Condor Resources Inc. The Condor de Oro is in the Cordillera del Condor corridor, an emerging gold and copper belt. The assay results from a drilling programme are due in three weeks. The Soledad gold-copper-silver project is near the Pierina gold-silver mine and drilling will start at the beginning of 2014.

Mariana continues to develop its assets in Argentina.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2013_50.pdf

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