EUROPE/MIDDLE EAST STORIES

Hot Maden sets tongues wagging

Mariana Resources lit up the London market this week with a maiden resource of some 3 million gold equivalent ounces from its minority-owned (30%) Hot Maden gold-copper project in Turkey, which pushed the company’s shares up almost 28% before many had time to settle down with their morning coffee.

It is not just the size of the resource that has stirred the market, with the quality also exciting investors – more than two-thirds of the ounces rated as indicated.  Some 1.5Moz of gold and 100,000t...

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