Mariana Resources says that, to date, three of the seven proposed drill holes at the Ergama Project have been completed, with encouraging assays having now been received for the first two holes.
"The first two holes of the initial scout drilling program at our 100% Ergama Project in Western Turkey are encouraging and indicate the presence of a mineralised gold-copper porphyry system," said CEO Glen Parsons.
"The positive results from holes 1 and, particularly, 2 show strong stockworking on the margin in the phyllic zone with grades increasing at depth to the south and potentially closer to the main potassic zone."
Parsons said this main zone appeared to be further south and close to the centre of the 1 sq km chargeability anomaly. Drill permitting was currently in process to allow testing of this main zone to the south.
"What is encouraging are the initial grades from our first two holes on the margin of the system are similar to reported resource grades for other projects in the area and we still have yet to test the main zone.
"I look forward to updating the market with assays pending for hole 3 and the high grade gold silver vein targets currently being drilled, as well as further updates from Hot Maden and our portfolio in general."