Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in southern Argentina and now Peru.
Exploration focus has shifted away from Santa Cruz Province in southern Argentina to the Condor del Oro property in northern Peru where initial drilling of a significant gold/copper target is planned. Condor de Oro has company-maker potential and Mariana can earn 51% under an option deal. This diversification of exploration effort could pave the way for new discovery opportunities for shareholders and has the potential to offer significant scale.
Meanwhile in Argentina where the Company has had considerable exploration success in the Eastern Deseado Massif of Santa Cruz Province in recent years, work continues to advance newly discovered gold-silver prospects at Los Cisnes and Bozal to drill target stage. At Las Calandrias a resource base of in excess of 500,000 ozs gold equivalent has been established, and the Company is considering ways in which to capitalise all or part of this strategic resource.