Projects
La Borita
Mariana Resources has optioned tenements covering 3,000ha over the La Borita copper prospect situated in the northern part of Catamarca province, approximately 60km SW of the town of Antofagasta de la Sierra, north-west Argentina.
Mariana has the right to acquire a 100% interest in the property from the owner by making staged payments over a four year period for a cumulative total of $900,000 and subject to a 2% NSR royalty, which Mariana can buy-out for $1.2 M.
The prospect is located in a prominent topographic low which coincides with a NE trending magnetic low anomaly approximately 7km long and up to 3.2 km wide. Copper-bearing travertine (carbonate rock deposited at surface from a hot spring) occupies a 1.0 x 1.5 km area within the area of a topographic low coincident with a magnetic low.
Mariana has completed three lines of pole-dipole induced polarisation (IP) geophysics across the magnetic-low target zone, which confirmed the potential for disseminated sulphides that could be porphyry related at depth.
