🕐14.08.14 - 09:54 Uhr

MARIANA RESOURCES CONDOR DE ORO COPPER-GOLD – MOLYBDENUM PROJECT DRILLING UPDA
TE PERU – FURTHER POSITIVE INDICATIONS FROM HOLE 6



[cid:image002.png@01CFB79C.89A978C0] AIM: MARL 14 August 2014 Head Office: Suite 102, 3 Eden Street North Sydney, NSW 2060 Australia
Condor de Oro Copper-Gold –Molybdenum Drilling Update Peru – Further Positive Indications Hole 6 Mariana Resources Ltd (‘Mariana’ or ‘the Company’), the AIM listed exploration and development company with projects in Peru, Argentina and Chile, announces further positive results from its scout drilling programme at the 102 sq km Condor de Oro copper‐gold‐molybdenum project (‘the Project’ or ‘Condor de Oro’), located along the prolific Cordillera del Condor gold‐copper belt in Northern Peru (Fig 1).

As planned the Company has completed an additional three holes to complete this scout drilling phase with the results of Hole 6 now received and reported in this release. Overview · Positive indications in all wide spaced scout holes to date - scope for an economic discovery within this large multiphase copper-gold-molybdenum intrusive complex (Fig 2) · Low grade copper-gold -molybdenum mineralisation was consistently intersected throughout hole 6 (Fig 3), as per the following table: From To Metres Au g/t Mo ppm Cu % 0 300 300.0 0.07 32 0.06 Including 120.0 172.5 52.5 0.10 29 0.11 168.0 222.0 54 0.06 70 0.11 Including 166.5 174.0 7.5 0.17 51 0.24
· Hole 6 was drilled to 300m within the intrusive complex core with potassic altered dacitic quartz-feldspar porphyries throughout and 116m of intense potassic altered phreatomagmatic breccias from 184m to end of hole · The higher grade intersections (7.5 m @ 0.17 g/t Au, 51 ppm Mo, 0.24 % Cu from 166.5m) were associated with phreatomagmatic breccias developed within classical quartz-feldspar (“quartz eye”) porphyries · Whilst no economic ore grade intersections were encountered, the strong potassic alteration, late stage intrusives and phreatomagmatic mineralised breccias are all positive indications for a deeper mineralised intrusive core · Further drill results expected in the coming weeks - drill core for hole 7 has been submitted to the laboratory for analysis and results are expected within 2-3 weeks and sample preparation is underway on CDOYE-008 with results expected in a further 2-3 weeks
Chief Executive Officer, Glen Parsons today commented “Condor de Oro continues to deliver positive results with anomalous gold, copper and molybdenum being intersected over this entire 300m deep hole and despite no ore grade intersections thus far, we believe there is ample scope for an economic discovery within this large multiphase intrusive complex (Fig 4).

Each of the widely spaced scout holes to date show mineralisation and alteration in every rock type intersected confirming the scale and prospectivity of the system.

Hole 6 in the Core Zone is no exception with strong potassic alteration and phreatomagmatic mineralised breccias intersected.” “Mariana’s exploration plan going forward will be finalised as we update our geological model once all results are delivered from this initial drilling programme.

In the interim we remain committed to maintaining and advancing our social programme with the local Los Naranjos community and look forward to updating on the developments from this potential company maker project in due course.” Links to Figures: http://marianaresources.com/site/media/August_14_2014_NR_Maps.pdf Further Information Condor de Oro is a district with several large-scale porphyry driven mineralised complexes.

The scout drilling has focused on the southern most of the porphyry targets (Pucayacu or Area 1) where alteration mapping and geochemistry define a 2km diameter porphyry Cu-Mo-Au centre with a structurally controlled epithermal overprint.

The objective of this diamond drilling programme, initiated in 2013, has been to scout test the target area, understand the mineralisation controls and grade distribution and refine the geological model for further drilling whilst focusing on intersecting greater mineralised zones. Summary of Hole 6-CDOYE-006 CDOYE-006 was drilled in the Core Zone target area to 300m depth, to investigate phreatomagmatic breccias and probe for the causative intrusions underlying the breccias (see Fig 2).

Collared within the core of the complex and angled to the east, Hole 6 drilled a variety of potassic altered dacitic quartz-feldspar porphyries and broad intervals of intense potassic altered phreatomagmatic breccia cutting crystal-rich fine to medium grained dacite porphyry from 184m through to the end of hole.

The latter zone hosts weak chalcopyrite mineralisation.

The intrusion genetically associated with the intense potassic altered breccias is inferred to lie at greater depth – see refined geological model in Fig.4b Summary results CDOYE-006 From To Metres Au g/t Mo ppm Cu % 0 300 300.0 0.07 32 0.06 Including 120.0 172.5 52.5 0.10 29 0.11 168.0 222.0 54 0.06 70 0.11 Including 166.5 174.0 7.5 0.17 51 0.24
CDOYE-007 and 008 Drill core for Hole 7 (303m) has been submitted to the lab for analysis and sample preparation has begun on Hole 8 (341m).

Results will be released once assays have been received and assessed. Previous Drilling The five previous holes at Pucuyacu drilled in 2013 intersected very broad zones of lower grade Cu-Mo-mineralization within potassic altered quartz porphyries and higher grade Au-Ag-Cu-Mo mineralization occurring in intensely altered and hornfelsed volcanic wall rocks and early phase diorites.

The drilling also intersected encouraging evidence of better mineralised phreatomagmatic breccias within the core of the complex. Drill hole CDOYE 1-5 Summary CDOYE-1 (282.3m) - 62m @ 0.41 g/t Au from 0m, 5m @ 0.52 g/t Au from 201m and 8m @ 0.79 g/t Au & 0.10% Cu from 240m CDOYE-2 (152.8m) - 26.8m @ 110 ppm Mo from 126m CDOYE-3 (252.8m) - 63m @ 90ppm Mo from 180m & 25m from 205m @ 116 ppm Mo.

Multiple anomalous gold zones from 8-28m @ 0.11-0.18 g/t Au CDOYE-4 (355.5m) - 2m @ 61.5 g/t Au from 118.5m, 6.6m @ 0.47g/t Au from 18m, 19.1m @ 0.42g/t Au from 148.2m, 9.8m @ 0.46g/t A from 210.2m, , and 5m @ 0.50g/t Au from 305.3m CDOYE-5 (596.3m)- 22.4m @ 0.17% Cu from 63.2m and 102.8m @ 0.19% Cu from 277.9m (including 19.2m @ 0.26% Cu from 347.8m) and 192.5m @ 132ppm Mo from 277.9m (including 30.5m @ 167ppm from 352.7m and 15.1m @ 175ppm from 419.8m) Going forward All lithologies from each hole drilled to date at Pucayacu are altered and mineralised and indicate scope for a very large Cu-Mo porphyry deposit with precious metal credits.

The drilling has not, at this stage, drilled ore grade over significant intervals, but the indications certainly are there.

With just six holes drilled in this large multiphase target where the steep, incised terrain constrains drill hole placement the potential for defining an economic target at Condor de Oro remains open in all directions.

We await the further drillhole results to further evaluate the model as we evolve Mariana’s exploration plan going forward. **ENDS** Background The 102 sq km Condor de Oro project in northern Peru consists of two separate areas: the 34 sq km Pucayacu (Area 1) in the south-west of the Project, and the 68 sq km Yuracyacu target which lies northeast of Pucayacu.

In September 2013 EAD received Ministerial approval for initiation of Exploration Activities, including up to 20 drill holes, on three of EAD’s twelve concessions at the Condor de Oro project comprising Area 1.

Condor Resources Inc.

(‘Condor’) has an option to acquire 85% of the issued shares of EAD, and in turn, Condor has granted Mariana an option to acquire 60% of Condor’s interest, being an overall 51% interest.

Mariana is required to complete a minimum 1,500m of drilling on Area 1 before 31 January 2013 which is now complete.

The second year expenditure commitment is for US$1.5 million. Qualified Person The information in this release has been reviewed by John Horsburgh who is a Fellow of the Australasian Institute of Mining and Metallurgy.

Mr Horsburgh holds a B.Sc in Mining Geology and an M.Sc in Applied Geophysics from the Royal School of Mines, Imperial College, London and has over 40 years experience in mineral exploration and project development worldwide. Quality Assurance/Quality Control All technical information for the CDO project is obtained and reported under a quality assurance and quality control (QA/QC) program.


Samples are shipped to and assayed by the ALS Chemex Laboratory in Lima, Peru, a laboratory whose quality control system complies with International Standards ISO 9001:2000 and ISO 17025:2005.

A four-acid digestion with 33 element ICP-AES analysis is conducted on all samples, with silver, lead and zinc being re-analyzed with atomic absorption spectrometry method when analysing over the ICP limits.

Gold is assayed using a fire assay with an atomic absorption spectrometry finish.

Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability.

A secure chain of custody is maintained in transporting and storing of all samples.
For further information please visit website at www.marianaresources.com or contact the following. In Australia:
John Horsburgh (Chairman) Mariana Resources Ltd +61 2 9437 4588 Glen Parsons (CEO) Mariana Resources Ltd +61 2 9437 4588 Rob Adamson RFC Ambrian Limited (Nomad) +61 2 9250 0041 Will Souter RFC Ambrian Limited (Nomad) +61 2 9250 0050 In U.K.
Jonathan Williams RFC Ambrian Limited (UK Broker) +44 20 3440 6817 Felicity Edwards St Brides Media and Finance Ltd (PR) +44 20 7236 1177
About Mariana Resources Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.

In Peru, Mariana has an option to earn a 51% interest in highly prospective copper-gold and copper silver porphyry targets in the Cordillera del Condor of northern Peru as well as an option to earn a 70% interest in the Soledad copper-gold and silver project in Central Peru.

In southern Argentina, the Companys core gold-silver projects are Las Calandrias (100%), Sierra Blanca (100%), Los Cisnes (100%), Bozal (100%) and Los Amigos JV (30%).

These projects are part of a 200,000+ Ha land package in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz Province.
Safe Harbour This press release contains certain statements which may be deemed to be forward-looking statements.

These forward-looking statements are made as at the date of this press release and include, without limitation, statements regarding discussions of future plans, the realization, cost, timing and extent of mineral resource estimates, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, and requirements for additional capital.

The words “plans”, “expects”, “budget”, “scheduled”, “estimate”, “forecasts”, “intend”, “anticipate”, “believe”, “may”, “will”, or similar expressions or variations of such words are intended to identify forward‑looking statements.

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to vary materially from those expressed or implied by such forward-looking statements, including, but not limited to: the effects of general economic conditions; the price of gold, silver and copper; misjudgements in the course of preparing forward-looking statements; risks associated with international operations; the need for additional financing; risks inherent in exploration results; conclusions of economic evaluations; changes in project parameters; currency and commodity price fluctuations; title matters; environmental liability claims; unanticipated operational risks; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or in the completion of development or construction activities; political risk; and other risks and uncertainties described in the Company’s annual financial statements for the most recently completed financial year which is available on the Company’s website at www.marianaresources.com .

Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements.

Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

We do not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
[cid:image002.png@01CECBDD.61F8A860] Lottie Brocklehurst St Brides Media & Finance Ltd 3 St Michael’s Alley, London, EC3V 9DS www.stbridesmedia.co.uk Tel: 0207 236 1177 | Mob: 07917010468 | Twitter: @StBrides1



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