Mariana Resources Ltd. announces new gold-silver targets at Bozal II and III, NW of Las Calandrias project, Santa Cruz, Argentina
Thursday, Nov 29, 2012
Mariana Resources Ltd ('Mariana' or 'the Company') (TSX:MRY)(AIM:MARL), the AIM and TSX quoted exploration and development company focused in southern Argentina, Chile and now Peru (see News Releases 4/10/12 & 19/10/12), is pleased to announce additional positive results from regional exploration of its extensive portfolio in the eastern Deseado Massif, Santa Cruz.
Commenting today, Chairman John Horsburgh said, "These additional results from Mariana's eastern Deseado portfolio at Bozal II and III highlight a prospective new area in proximity to the Las Calandrias resource, just NW of Las Calandrias. The Mariana team has successfully applied its knowledge of the Las Calandrias discovery to generate new priority target areas, as they have done at Los Cisnes to the south."
Santa Cruz Regional Exploration
A campaign of first and second pass exploration was carried out over Mariana's extensive properties in the Eastern Deseado Massif, ranging from Bozalito in the north to Los Cisnes in the south (Figure 1). Approximately 30 target areas were generated by Mariana's Santa Cruz team based on Landsat image processing. Areas were investigated using a combination of reconnaissance mapping and geochemical prospecting.
Over 400 rock chip grab samples of float and outcrop were collected in this phase at Bozalito, Tongoril II, Bozal I-IV, Leona Dormida, Tres Leones, Aguila/Magnolia, Canadon Pofiado I and Los Cisnes (Figure 1). These grab samples are selective by nature and are unlikely to represent average grades of the deposits.