Mariana Resources “Exceptional gold-copper (Au-Cu) grades continue to be returned” Glen Parsons

 Mariana Resources Limited LON:MARL, the TSX.V and 
AIM (MARL) listed exploration and development company with projects in 
Turkey, South America, and Ivory Coast, is pleased to provide the 
following update on the ongoing diamond drill program at the high grade 
Hot Maden gold-copper project in NE Turkey. 
 
   Results are reported for a total of 12 infill and extension drill holes 
(HTD-75 and HTD-77 to HTD-87), with drill log data provided for a 
further 6 holes (HTD-88 to HTD-93) for which assays are pending.  The 
infill drilling in the Main Zone resource area is focused on section 
lines 4,542,225N, 4,542,175N, and 4,542,125N.  This forms part of a 
program designed to uniformally reduce drill hole spacings to 25m x 25m 
and to provide both detailed geotechnical data and metallurgical samples 
for mine development studies. Only limited drilling was completed in the 
"Ridge" area (southern limit of the Main Zone resource) and the New 
Southern Vein Field discovery (Figures 1 & 2) during this reporting 
period. 
 
   Highlights: 
 
 
   -- Exceptional  gold-copper (Au-Cu) grades continue to be returned from 
      drilling along two infill cross sections (4,542,125N and 4,542,225N; 
      Figures 3 & 4). This infill drilling continues to confirm the internal 
      continuity of Au-Cu mineralisation, including the high  grade, within the 
      Main Zone resource area. Best results include: 
 
   Infill Section 4,542,125N 
 
   HTD-85*:             60.6 m @ 82.2 g/t Au + 1.44% Cu from 209.4m 
downhole**. 
 
   This mineralised zone (approximate true width 35m) is the best 
intersection to date and includes the following subintervals: 
 
   209.4-229m: 19.6m @ 248 g/t Au + 1.90% Cu ("Ultra high grade zone") 
 
   229-248m: 19m @ 3.4 g/t Au + 1.21% Cu ("Medium grade") 
 
   248-270m: 22m @ 1.6 g/t Au + 1.19% ("Low grade zone") 
 
   HTD-82                 31m @ 17.0 g/t Au + 1.70% Cu from 266m downhole. 
 
   And 37.5m @ 2.1 g/t Au + 1.49% Cu from 317m downhole. 
 
   (approximate true width of Au-Cu zone 38m) 
 
   Infill Section 4,542,175N 
 
   HTD-78:                79.0m @ 14.3 g/t Au +1.59% Cu from 294m downhole. 
 
   Including 18.0m @ 55.1 g/t Au + 1.58% Cu from 296m downhole. 
 
   (approximate true width of Au-Cu zone 30m) 
 
   Infill Section 4,542,225N 
 
   HTD-77:                90m @ 22.6 g/t Au + 4.39% Cu from 96m downhole. 
 
   Including 11m @ 30.9 g/t Au + 6.30% Cu from 99m downhole. 
 
   (approximate true width of Au-Cu zone 76m) 
 
   HTD-75:                62m @ 11.7 g/t Au + 1.43% Cu from 276m downhole. 
 
   Including 2.0m @ 250 g/t Au + 6.50% Cu from 282m downhole. 
 
   And 44.0m @ 1.05 g/t Au +1.46% Cu from 334m downhole. 
 
   (approximate true width of Au-Cu zone 40m) 
 
 
   -- Potential for the discovery of a deep (>250m), possible fault offset 
      block of Main Zone-type mineralisation beneath the "Ridge" area (southern 
      limit of the Main Zone resource) continues to be tested, with drill hole 
      HTD-80 successfully intersecting multiple zones of high grade Au and Cu 
      mineralisation at depth. Host rocks to this mineralization are brecciated 
      andesites - similar to the host rocks in the Main Zone resource - which 
      lie immediately to the east of the dominant dacitic breccias.  Key 
      results include: 
 
   HTD-80:                4.5m @ 16.3 g/t Au + 1.90% Cu from 177.5m 
downhole. 
 
   5.0m @ 8.4 g/t Au + 1.30% Cu from 194.0m downhole. 
 
 
   -- Encouraging assays continue to be returned from limited discovery 
      drilling in the Southern Vein Field. Highlights include 3m @ 9.6 g/t Au + 
      1.73% Cu in HTD-79 and 10.5m @ 4.9 g/t Au + 1.9% Cu in HTD-81. 
 
   -- The Preliminary Economic Assessment (PEA) is in the process of being 
      finalised with an anticipated completion date expected early in the New 
      Year. 
 
   * Twin of HTD-71 
 
   ** Note - all intersections quoted are as metres downhole. 
 
   Links to Figures: 
http://media.wix.com/ugd/24ee23_be0f968ffd40476485eb09220fc8292c.pdf 
 
   Chief Executive Officer Glen Parsons today commented: 
 
   "The continuity of these additional drill results at Hot Maden add 
further confidence in the main zone, with the 25m infill holes further 
support continuity of the high grade gold and copper mineralisation. 
These results all build into the Preliminary Feasibility Study model 
which is due for completion around mid next year, ultimately paving the 
way for mine development. 
 
   "Encouragingly the growth potential for the further extension to the 
main zone in of the offset block to the south as well as further 
interesting intercepts in the Sourthern Vein Field discovery area 
continues to be enhanced. 
 
   "Planned budgeted drilling for 2017 of 20,000m will be focussed on the 
areas that have  been delivering to date, as well as the untested area 
to the south, the "Russian Mining  area". 
 
   "The much anticipated PEA, although slightly delayed, is nearing 
completion and is expected to be delivered early in the New Year. I 
look forward to updating the market as soon as it is available." 
 
   Hot Maden Gold-Copper Project Update 
 
   Approximately 18,500 m of diamond drilling has been completed at the Hot 
Maden Project during 2016 (Figure 1 and 2).  Recent drilling activities 
have dominantly focused on: - 
 
 
   -- Infill drilling on 25m centres along sections 4,542,125N, 4,542,175N, and 
      4,542,225N. Selected holes have been utilised for geotechnical studies 
      and metallurgical testwork. 
 
 
   -- Deeper "step out" drilling to the east in the so-called "Ridge" area, 
      which is located at the current southern limit of the Main Zone resource, 
      and scout drilling of the Southern Vein Field (the northern extension of 
      the area mined by Russian interests pre-1923). 
 
 
   No significant work has yet been undertaken in the area of the former 
Russian mines (Figure 1). 
 
   Main Resource Area - Infill Drilling 
 
   Drilling advanced on 25m centres along infill cross sections 4,542,125N, 
4,542,175N and 4,542,225N, within the Main Zone resource area, with the 
program being designed to confirm internal continuity of the high-grade 
Au-Cu mineralisation. Certain holes were also selected for further 
geotechnical logging and metallurgical sampling. 
 
   On section 4,542,225N (Figure 3), HTD-77 returned high grade Au-Cu 
mineralisation (90m @ 22.6 g/t Au + 4.39% Cu from 96m downhole), from an 
upper massive sulphide (pyrite-chalcopyrite) zone and lower multiphase, 
chalcopyrite-pyrite-hematite-jasper-bearing breccia. The deeper hole 
HTD-75 returned two mineralised intervals (62m @ 11.7 g/t Au + 1.43% Cu 
from 276m downhole and 44m @ 1.0 g/t Au + 1.46% Cu from 344m downhole), 
both intercepts in multiphase, 
chalcopyrite-pyrite-hematite-jasper-bearing breccias. On section 
4,542,175N, drill hole HTD-78 also intersected an impressive 79m @ 14.3 
g/t Au +1.59% Cu from 294m downhole, with mineralisation being 
associated with multiphase, sulphide-bearing breccias. 
 
   Initial drilling along infill section 4,542,125N (Figure 4) included 
holes HTD-82 and HTD-85. Exceptional Au-Cu grades were returned from 
HTD-85, which intersected 60.6m of 82.2 g/t Au + 1.44% Cu from 209.4m 
downhole in multiphase, chalcopyrite-pyrite-hematite-jasper-bearing 
breccias. This mineralised interval includes an "Ultra high grade zone" 
of 19.6m @ 248.3 g/t Au + 1.90% Cu from 209.4m downhole, a "Medium 
grade" zone of 19m @ 3.4 g/t Au + 1.21% Cu for 229m downhole, and a "Low 
grade zone" of 22.0m @ 1.6 g/t Au + 1.19% Cu from 248m downhole.  This 
was drilled as a twin of HTD-71 for metallurgical sampling.  Drill hole 
HTD-82 intersected two main mineralised intervals: 31m @ 17.0 g/t Au + 
1.70% Cu from 266m downhole and 37.5m @ 2.1 g/t Au + 1.49% Cu from 317m 
downhole. 
 
   Main Resource Area - Extension Drilling ("Ridge" Area) 
 
   Two new drill holes (HTD-80 and HTD-86) were completed in the "Ridge" 
area, located at the southern limit of the Main Zone resource); HTD-80 
successfully intersected high grade Au-Cu mineralization at depth 
whereas HTD-86 remained in the adjacent zinc zone. High grade Au-Cu 
intervals returned from HTD-80 include: 4.5m @ 16.3 g/t Au + 1.90% Cu 
(177.5-182m), 1m @ 6.4 g/t Au + 0.30% Cu (189-190m), and 5m @ 8.4 g/t Au 
+ 1.30% Cu (194-199m). The target here continues to be a block of fault 
offset, Main Zone-type mineralisation located to the east of the 
existing drilling, and this hypothesis will be tested as a priority in 
future drilling. 
 
   Southern Vein Field / HTD 27 Area 
 
   Only two drill holes were completed in the Southern target area (the 
northern extension of the area mined by Russian interests prior to 1923) 
during this reporting period, with encouraging values continuing to be 
returned from quartz-sulphide veinlet/breccia zones hosted in dacitic 
breccias and volcanic rocks. Highlights from the current drilling 
include: 3m @ 9.6 g/t Au + 1.73% Cu (144-147m) and 9m @ 3.6 g/t Au + 
0.77% Cu (185-194m) in HTD-79, and 2m @ 5.4 g/t Au (128-130m) and 10.5m 
@ 4.9 g/t Au + 1.90% Cu (184.5-195m) in HTD-81. 
 
   Table 1: Summary of assays for drill holes HTD-75 and HTD-77 to HTD-86, 
plus sulphide-bearing intercepts in drill holes HTD-88 to HTD-93 (Cross 
Sections listed from North to South) 
 
 
 
 
            From    To    Intercept 
Drill Hole   (m)    (m)      (m)     Au g/t   Cu %  Zn %           Comments 
 
Cross 
Section     4,542,225N (Main Zone)                                Figure 2,3 
 
  HTD-75     79.0   80.5        1.5        -     -  5.04                   Zinc Zone 
             88.0   94.0        6.0        -     -  1.76 
             98.0  118.0       20.0        -     -  1.94 
            228.0  232.0        4.0        -     -  10.9
            276.0  338.0       62.0     11.7  1.43     -                  Au-Cu Zone 
Including   282.0  284.0        2.0    250.0  6.50     - 
            334.0  388.0       44.0     1.05  1.46     - 
 
  HTD-77     46.0   52.0        6.0        -     -  3.55                   Zinc Zone 
             96.0  186.0       90.0     22.6  4.39     -                  Au-Cu Zone 
Including    99.0  110.0       11.0     30.9  6.30     - 
            120.0  151.0       31.0      0.5  7.10     - 
 
  HTD-88    324.0  367.0       43.0  Pending                     Step back to HTD-75 
            381.0  393.0       12.0  Pending 
            427.5  452.0       24.5  Pending 
 
  HTD-90    251.3  331.0       79.7  Pending                                Met Hole 
 
 
Cross 
Sections                          4,542,175N (Main Zone)                    Figure 2 
 
  HTD-78    156.4  162.0        5.6        -     -  2.52                   Zinc Zone 
            231.0  232.0        1.0        -     -  5.60 
            248.5  250.0        1.5        -     -  4.40 
            264.0  274.0       10.0        -     -  9.96 
            294.0  373.0       79.0     14.3  1.59     -                  Au-Cu Zone 
Including   296.0  314.0       18.0     55.1  1.58     - 
 
Cross 
Section      4,542,125N (Main Zone)                                      Figure 2, 4 
 
  HTD-82    209.0  217.0        8.0      0.8     -  10.9                  Au-Zn Zone 
            239.0  244.0        4.0        -     -  5.57                   Zinc Zone 
            266.0  297.0       31.0     17.0  1.70     -                  Au-Cu Zone 
Including   272.0  286.0       14.0     32.1  1.26     - 
            317.0  354.5       37.5      2.1  1.49     - 
 
  HTD-85    100.0  102.0        2.0        -     -  3.86                   Zinc Zone 
            161.0  164.5        3.5        -     -  2.30 
            209.4  270.0       60.6     82.2  1.44     -                  Au-Cu Zone 
Including   209.4  229.0       19.6    248.3  1.90     - 
            229.0  248.0       19.0      3.4  1.21 
            248.0  270.0       22.0      1.6  1.19 
            274.0  289.0       15.0      0.3  1.60     - 
 
  HTD-89    306.0  320.0       14.0  Pending                     Step-back to HTD-82 
            350.0  379.0       29.0  Pending 
            379.0  445.0       66.0  Pending 
 
  HTD-91    217.0  225.0        8.0  Pending                  Step-forward to HTD-85 
 
 
Cross 
Section                          4,542,100N, (Main Zone)                    Figure 2 
 
  HTD-83     15.0   32.0       17.0     1.40     -  2.69                  Au-Zn Zone 
             37.0   46.0        9.0      0.7     -     - 
 
  HTD-84     84.0   86.3        2.3      1.0     -     -                  Au-Zn Zone 
 
  HTD-87    135.0  156.0       21.0        -     -   2.0                   Zinc Zone 
 
Cross 
Sections             4,542,000N, 4,542,050N (Ridge Area)                    Figure 2 
 
  HTD-80    177.5  182.0        4.5     16.3  1.90     -                  Au-Cu Zone 
            189.0  190.0        1.0      6.4  0.30     - 
            194.0  199.0        5.0      8.4  1.30     - 
            205.0  206.0        1.0     47.0  3.73     - 
            207.0  208.0        1.0     12.0  0.66     - 
 
  HTD-86    320.0  324.0        4.0      0.6     -  7.97                   Zinc Zone 
 
              Multiple veinlet / 
  HTD-92         breccia zones       Pending               Quartz vein zone (dacite) 
 
              Multiple veinlet / 
  HTD-93         breccia zones       Pending               Quartz vein zone (dacite) 
 
Cross          4,541,900N and 4,541,750N (Southern 
Sections                               Vein Field)              Figure 2 
 
  HTD-79    144.0  147.0        3.0      9.6  1.73     -   Quartz vein zone (dacite) 
            172.0  185.0       13.0      1.0  0.10     - 
            185.0  194.0        9.0      3.6  0.77     - 
 
                                                                 Step back to HTD-53 
  HTD-81    128.0  130.0        2.0      5.4     -     -   Quartz vein zone (dacite) 
            184.5  195.0       10.5      4.9  1.90     - 
Including   193.0  194.0        1.0     15.1  1.69     - 
            247.0  248.0        1.0      7.8  0.30     - 
            277.0  292.0       15.0      1.9  0.50     - 
            301.0  324.0       23.0      0.4     -  2.90                  Au-Zn Zone 
            368.0  395.0       27.0        -     -  1.30                   Zinc Zone
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