Mariana Resources - MARL Stream Log

RE: MARL...hi all. new reader from the USA, long MARL. It is not followed here but I have read quite a bit on it and want to inform if you do not know about it already, that an up-and-coming royalty/streamer Sandstorm Gold has taken a 7.56 position in MARL as of last month, after concluding a 2.0 NSR deal with MARL. I am long Sandstorm Gold also. I take this to be very positive since it is a very aggressive move by Sandstorm, whose business is based on geological and financial due diligence on companies like MARL. The assumption of an equity position is quite unusual. My suspicion is that in the next few days we will see the drill results from Mariana's 100% owned Dona Ines project in Chile; that there will be a dramatic increase in MARL's proven and probables in June on account of this week's drill results; and further we will be a nice deal on royalties and streams in favor of Sandstorm, who is now MARL's largest shareh Best to everyone.

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..."

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..."

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 “Ridge Areaâ€￾ which is the southerly step out extension of the current resource area; and Scout drilling of the “Southern 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 “with 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 “a new down-dip extension to the high grade gold-copper resource.â€￾ Although assays for this hole are not yet available, “A 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..."

What a difference a few days make - happy xmas to everyone - Q1/2 could be massive here!

Blue - It is total carnage our there and has been for some time. The FTSE 350 mining index is down massively in the past 6 months - this is v similar to 2008/9 (albeit in my view slightly worse) - there is simply no escape, everything is tarnished with the same brush. SOLG had some excellent results from Equador - they're now at all time lows. My view is shared by Sprott who see the AIM market as the problem (not the company) - the sooner we get the dual listing the better. We have a resource upgrade to look forward to next quarter and the PEA the following - you can get your bottom dollar that the herd will be back in time for that and that these prices will be a distant memory.

space...bye then

jim - are you looking at marl in total isolation - look at the chart of every miner since we fell from 2p - it has been total carnage. It is not GP's fault that the market is the worst in living history.

spud - I stand by my earlier comments that our fall has coincided with virtually all commodity stocks being hammered. Really don't think it is stock specific.