Glen Parsons, CEO of Mariana Resources (MRA:TSX.V), explains how this exploration company is finding gold, silver AND copper, and why grade is king.
Mariana’s a diversified gold, silver, copper explorer. We have 3.9 million ounces at the moment in Turkey, 520,000 ounces of gold equivalent in Argentina and with a strong ability to grow this. We’ve diversified, we’ve gone globally geographically looking at key projects that offer scale.
So, probably the most unique factor about Mariana is grade and grade is king in this market. We have two million tons of over an ounce gold equivalent grams per ton and that certainly puts us apart from anybody out there and the ability to grow that is very tangible. Mariana currently is very well funded, we’re sitting with $7.5 million in the bank and we do have some warrants that are well in the money and we anticipate those probably kicking in as well, so that will probably be another $5.5 million coming through probably later this year, as I said, a pretty favorable position to be in as a small explorer come developer.
In terms of Mariana, we see growth potentials, you know, specifically in the ability to grow that 3.9 million ounces. The exploration potential in the alteration zone that we have there, we see growth, we see the ability to potentially even double the resource at some stage. So, it’s got real life in terms of that. So, that’s pretty key for us going forward.