Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canadian explorer Mariana Resources (LON:MARL, TSX:MRY) said the latest set of drilling results from the Calandria Sur deposit in Argentina were “good” with 13 of 21 holes returning “significant intersections” of gold and silver.
The mineralization ranged in style from narrow, high grade to what are described as “wide zones of strongly anomalous gold.”
Chairman John Horsburgh confirmed that follow-up exploration was underway in the extensive Bozal/Tongoril areas to the north and northwest, with new targets emerging, and said the company would update investors in due course.
Details of the drill results here >> >>
