Mariana Resources (#MARL) - further high grade gold intercepts at Hot Maiden
- 2015-06-22 23:19:07
UK 09:55 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Mariana Resources (MARL) has today announced that it has raised £1.8 million at 1.6p. Its CEO Glenn Parsons is a prize shit and this company now goes on the ShareProphets bargepole list – this is war. Let me explain why the Sheriff of AIM is now on the warpath.
Mariana Resources (MARL) expects a ‘positive 2015’ after ‘exceptional’ drilling results at its Hot Maden gold and copper joint venture in eastern Turkey, while it prepares for fresh drilling late next month at its flagship Soledad copper, gold and silver project in central Peru. So says chief executive officer Glen Parsons in the wake of results from two step-out drill holes at Hot Maden showing one intercept of 82 metres with 20.4 grammes of gold per tonne of ore and 1.94% copper, including one bonanza finding of 13 metres with gold at 88 grammes a tonne and 2.5% copper.
Mariana Resources (MARL) will start sampling and mapping in a few weeks at its new Nassau Gold joint venture in Surinam in the north-east of South America and begin scout drilling at its Los Cisnes gold and silver project in southern Argentina, in the wake of ‘bonanza’ rock chip sampling results at Rurimarac, its gold and silver project in central Peru’s Cordillera Negra province.
Glen Parsons, chief executive officer of AIM-quoted Mariana Resources (MARL), suggests the South America-focused gold, copper and silver explorer is entering a potentially transformative phase following a series of deals and discoveries.
Glen Parsons, the mining financier running Mariana Resources (MARL.), is a very busy man at the moment. He is currently relishing first drilling results from the Sydney-based company’s Soledad venture in central Peru. In southern Argentina, he has recently clinched a $2 million (£1.25 million) five-year option for 60 per cent of the Los Cisnes gold and silver project in the Santa Cruz Province. Finally, back in Peru, he awaits further drilling information in June from another Peruvian project, Condor de Oro. This really is an incredibly busy time for the company.
Investors have so far reacted without enthusiasm to Mariana Resources’ (MARL)announcement it is to extend its option on the Condor de Oro copper, gold and molybdenum porphyry project in northern Peru after what the AIM-quoted company describes as ‘positive’ scout drilling results in the project’s Pucayacu target zone.
On Thursday I tweeted that Mariana (MARL) looked to be a decent Buy at 4.1p. Having promised I would speak with the company and share my unique opinion on the company I bring you today's review of Mariana Resources.
While Apocalypse Now may have highlighted the curious attractions of napalm in the morning, it may be that as far as Mariana Resources (MARL) is concerned in the recent past it is the smell of bulls with their fingers burnt that provides an aroma to remember.
Mariana Resources (MARL) has been one of the small caps stars since the beginning of the autumn, when the latest mega rally was triggered by a technical starting gun-a vertical spike through the 200 day moving average then standing at around the 2.5p level. Things can get better still.
