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HORSCHILD PAID 4.55P IN DEC A 100% PREMIUM. (MARL)     

devlin - 12 Feb 2009 15:53

ARGENTINA DRILL RESULTS FROM 134 HOLES DUE IN JAN.A MAJOR GOLD PROSPECT IN ARGENTINA.FULLY FUNDED.AND PROSPECTS IN CHILE AND ECQUADOR.

grevis2 - 05 Nov 2009 14:11 - 31 of 52

This was taken from the Finncap report that commented on the relationship with Hochschild and the latters reasons for investing in Mariana>

Mariana Resources 18 November 2008
Small but perfectly formed initiation of coverage

"The Hochschild deal
Hochschild investment adds credibility to blue sky exploration story
With exploration companies increasingly being starved of capital by the market,
we find it encouraging that one of the world's largest silver miners thinks
sufficiently highly of Mariana Resources' 130,000 hectare exploration package in the Deseado Massif to make a US$1.5 million investment in the company over the next 12 months.
That Hochschild, an informed investor, is prepared to invest this early-stage
suggests to us that the prospectivity of the ground is high. We should stress that
the investment is in Mariana Resources the company as opposed to a specific
piece of exploration ground.
By agreeing to invest at the company level without stipulating where the money
should be spent, Hochschild is effectively outsourcing the responsibility for
exploration to the Mariana Resources team. We see this as an important vote of
confidence.
The terms of the binding agreement
The strategic alliance will see Hochschild subscribe for new shares in Mariana
Resources in two separate tranches of US$750,000. The first tranche will occur,
at Mariana Resources' choosing, in the next 60 days at a 50% premium over the
volume weighted average price of the shares over the previous 15 days. This will
give Hochschild an initial 12-14% per cent stake.
The second tranche will occur, again at Mariana Resources choosing, at any time
within one year of the closing date of the first tranche at the same pricing terms
but without the 50% premium. Hochschild may also increase its stake in Mariana
Resources up to 19.9 per cent by purchasing shares in the market.
In return, Mariana Resources will, for the next 2 years, approach Hochschild first
if it needs a joint venture partner or wishes to sell any of the wholly owned
130,000 hectare land package. But we stress that the agreement excludes the
current Sierra Blanca joint venture with Iamgold where a 3,000 metre drilling
programme was recently completed."

geoffsh - 10 Nov 2009 07:44 - 32 of 52

Mariana resources to raise 2.6m at 13p.This is above yesterdays closing price and shows that investors are very keen to be involved in Marianas exciting discovery.

grevis2 - 10 Nov 2009 15:32 - 33 of 52

This one just gets better and better!

grevis2 - 10 Nov 2009 15:37 - 34 of 52

10.11.09

FinnCap-"Value this dicovery @ 19p per share post fund raising."

grevis2 - 11 Nov 2009 06:16 - 35 of 52

Tuesday, November 10, 2009

Mariana Resources raises 2.6 million at premium thanks to strong interest in new gold-silver discovery

South American based explorer Mariana Resources (AIM: MARL) has undertaken a share placement at 13 pence per share to raise a total 2.6 million to fund the exploration programme at its Dos Calandrias gold-silver project in Argentina.


The placement price represents an impressive 6% premium to the companys yesterdays closing price of 12.25 pence per share.


Marianas broker FinnCap and co-broker GMP Europe have registered demand to place 12 million shares. The companys nomad RFC has also received indicative commitments to place a further US$1 million of shares; Mariana also has pledges through non-brokered private placement to issue an additional five million shares to existing and new shareholders.


The proceeds of 2.6 million will be used to fund follow-up exploration at the Dos Calandrias gold-silver project in the Deseado Massif region of Argentina, where a significant gold-silver discovery was confirmed late last month.


The level of interest in the new discovery at Calandrias Sur has been overwhelming. An accelerated follow-up field program has been designed to deliver a better understanding of the project's potential and in return unlock further value for shareholders, said Managing Director of Mariana Resources John Sutcliffe.


Best intersections form the Calandria Sur included 91.5m (metres) at 1.6 g/t Au (gold) and 17 g/t Ag (silver) from 3.5m, including 21m at 4.5 g/t Au and 39 g/t Ag from 40m.


Shares in Mariana rallied 16% to 14.22 pence on the news this morning.

FinnCap was encouraged by the news, saying that following the fundraising that secured funds for further exploration at the Calandria Sur, the value of the discovery at Los Calandrias alone was 19 pence, compared to the companys current share price of just over 14 pence. This valuation did not include what the broker said was a considerable potential upside from further drilling next year.


The initial valuation of Calandria South was based on Patagonia Golds more advanced Cap-Oeste deposit 200 km (kilometres) to the west. FinnCap said this project provided a good example of the potential upside so South Calandria at its much earlier stage of development. The valuation was based on an assumed initial resource of 250,000 oz (ounces) over the strike length drilled to date valued at US$150 per oz.

geoffsh - 11 Nov 2009 12:39 - 36 of 52

Mentioned in The Times today as the Deal of the day.

grevis2 - 12 Nov 2009 01:14 - 37 of 52

http://business.timesonline.co.uk/tol/business/markets/article6911692.ece
"Deal of the day.
Shares in Mariana Resources rose 1p to 14p after the AIM-listed goldminer said that it had raised at least 2.6 million in a share placing to fund the exploration of its Calandria South project in Argentina. The group gave an encouraging initial assessment of the asset last month, indicating that there was plenty of gold close to the surface."

geoffsh - 12 Nov 2009 08:29 - 38 of 52

More exciting news out from Mariana! a joint venture with Horschild.

geoffsh - 12 Nov 2009 08:29 - 39 of 52

More exciting news out from Mariana! a joint venture with Horschild.

grevis2 - 12 Nov 2009 10:03 - 40 of 52

Mariana Resources Ltd ('Mariana Resources' or 'the Company')

Joint Venture Agreement with Hochschild - Argentina

12 November 2009

Mariana Resources Ltd, the AIM quoted exploration and development
company focussed in Argentina and Chile, has signed a joint venture
agreement with Hochschild Mining Holdings ('Hochschild') to explore
and develop three adjoining prospective gold-silver tenements
totalling 13,455 hectares, located in the Santa Cruz area in the
western sector of the Deseado Massif in southern Argentina. These
tenements consist of the Company's Amigos I and Amigos II licence
areas and Hochschild's San Augustin property which are located circa
110km south of Hochschild's producing gold-silver San Jose Mine.

Highlights

* Joint venture agreement signed with Hochschild to explore
adjoining properties in southern Argentina (Mariana - 49% and
Hochschild - 51%)
* Licences under review are under-explored, large intact high-level
epithermal vein system, prospective for gold and silver
* Mariana and Hochschild to spend US$2 million over three years on
a 40/60 basis
* Hochschild can increase its interest in the joint venture to 70%
through committing 60% of US$3 million in the subsequent two
years and taking the project to a Pre-Feasibility stage
* Exploration drilling anticipated to commence in the second
quarter of 2010


Managing Director John Sutcliffe said, "With Hochschild as a major
shareholder in Mariana, we are delighted to have further strengthened
our relationship and look forward to working with such an experienced
producer on this exciting project. We believe that the project
offers considerable opportunities, providing both companies access to
a large consolidated target area where gold and silver mineralisation
may extend across common property boundaries.

"Additionally, following our success at the Dos Calandrias project,
having recently made a significant gold-silver discovery, we believe
this deal further underpins our position as a significant explorer in
the emerging Santa Cruz gold district and our ability to generate
projects with high potential."

grevis2 - 12 Nov 2009 11:08 - 41 of 52

Trades through PLUS markets today:
Trade Date Trade Time Price Volume Type Considerations Conditions
12/11/2009 11:05:31 15.97 8,076 O 1,290.14
12/11/2009 11:03:45 15.97 10,000 O 1,597.50
12/11/2009 10:55:33 16.05 35,000 O 5,617.50
12/11/2009 10:45:07 16.05 5,000 O 802.50
12/11/2009 10:44:06 16.19 4,000 O 647.60
12/11/2009 10:39:55 15.95 12,539 O 1,999.97
12/11/2009 10:34:48 15.95 1,191 O 189.96
12/11/2009 10:33:13 15.95 3,448 O 549.96
12/11/2009 10:23:13 15.50 10,000 O 1,550.00
12/11/2009 10:21:48 15.94 3,126 O 498.28
12/11/2009 10:18:55 15.94 3,199 O 509.92
12/11/2009 10:16:32 15.32 25,000 O 3,830.00
12/11/2009 10:10:35 15.32 51,369 O 7,869.73
12/11/2009 09:56:18 15.95 6,106 O 973.60
12/11/2009 09:49:54 15.95 1,222 O 194.85
12/11/2009 09:43:10 15.88 62,632 O 9,945.96
12/11/2009 09:40:45 15.95 9,326 O 1,487.50
12/11/2009 09:31:55 15.95 300 O 47.85
12/11/2009 09:29:12 15.95 15,000 O 2,392.50
12/11/2009 09:20:51 15.93 25,000 O 3,981.25
12/11/2009 09:15:40 15.90 6,289 O 999.95
12/11/2009 09:07:20 15.90 4,968 O 789.91
12/11/2009 09:01:05 15.90 10,000 O 1,590.0

grevis2 - 12 Nov 2009 11:11 - 42 of 52

Mariana passes the hat
11/11/2009 Robert Tyerman

Explorer Mariana Resources is following its gold discovery at Dos Calandrias in Argentina with a 2.6m placing

Aussie explorer Mariana Resources is following its gold discovery at Dos Calandrias in Argentina with a 2.6 million placing at 13p.

The AIM-quoted company, which has hailed drilling results from the gold and silver project in Argentinas Deseado Massif as exceptional, says it wants the money for follow-up exploration there. According to New South Wales-based Mariana, its broker FinnCap and co-broker GMP Europe have registered demand for about 1.5 million, with nominated adviser RFC receiving indicative commitments for around 600,000 from the USA.

Steered by managing director John Sutcliffe, the company has received private pledges for another 650,000.

geoffsh - 18 Nov 2009 08:40 - 43 of 52

The Times today...Mariana could have a million ounces of gold!

grevis2 - 25 Nov 2009 11:33 - 44 of 52

Today's PLUS market's trades
Trade Date Trade Time Price Volume Type Considerations Conditions
25/11/2009 11:14:39 16.27 13,745 O 2,237.00
25/11/2009 09:56:01 17.00 6,900 O 1,173.00
25/11/2009 09:48:27 17.00 13,442 O 2,284.87
25/11/2009 09:39:06 17.00 14,629 O 2,486.93
25/11/2009 09:37:55 17.00 29,370 O 4,992.90
25/11/2009 09:33:19 16.00 51,662 O 8,265.92
25/11/2009 09:11:27 17.00 1,706 O 290.02
25/11/2009 08:37:06 17.00 3,482 O 591.94
25/11/2009 08:35:39 16.00 12,826 O 2,052.16
25/11/2009 08:21:39 16.50 15,000 O 2,475.00
25/11/2009 08:00:41 16.50 6,060 O 999.90



grevis2 - 25 Nov 2009 16:52 - 45 of 52

Interesting day. Shot up over 20p around 2.00PM, eventually settling up 2p on the day. Could only get a further 5000 online from Barclays Stockbrokers, just before the close. Tried for more but that was their online limit. Makes me think that something is afoot!

Barclays seem to be using PLUS markets these days as the last trade was mine:

Trade Date Trade Time Price Volume Type Considerations Conditions
25/11/2009 16:29:59 18.50 5,000 O 925.00
25/11/2009 16:15:53 18.50 10,000 O 1,850.00
25/11/2009 16:06:49 18.50 5,605 O 1,036.92
25/11/2009 16:02:17 18.50 255 O 47.17
25/11/2009 15:55:03 18.50 10,000 O 1,850.00
25/11/2009 15:34:10 18.50 5,000 O 925.00
25/11/2009 15:20:22 18.50 14,631 O 2,706.74
25/11/2009 15:16:22 18.50 6,217 O 1,150.14
25/11/2009 15:11:56 18.60 13,222 O 2,459.29
25/11/2009 15:05:16 18.75 2,000 O 375.00
25/11/2009 14:55:49 18.62 5,000 O 931.25
25/11/2009 14:46:28 18.75 5,333 O 999.94
25/11/2009 14:46:42 18.75 5,266 O 987.38
25/11/2009 14:43:33 18.30 5,000 O 915.00
25/11/2009 14:43:01 18.73 10,000 O 1,872.50
25/11/2009 14:42:33 18.73 106 O 19.85
25/11/2009 14:38:35 18.70 30,000 O 5,610.00
25/11/2009 14:37:56 19.00 5,000 O 950.00
25/11/2009 14:37:27 19.00 15,000 O 2,850.00
25/11/2009 14:37:01 19.00 5,000 O 950.00
25/11/2009 14:36:16 18.93 5,217 O 987.32
25/11/2009 14:34:45 18.20 20,000 O 3,640.00
25/11/2009 14:30:56 18.50 1,243 O 229.95

grevis2 - 25 Nov 2009 16:53 - 46 of 52

Incidentally, Barclays were quoting a spread of 18.25p to 18.5p, which is the tightest I've seen!

grevis2 - 25 Nov 2009 19:27 - 47 of 52

Major shareholders:

Hochschild Mining Holdings Ltd 10.5%
Chase Nominees Ltd 9.6%
Pershing Nominees Ltd 7.4%*
Securities Services Nominees Ltd 5.7%
Goldman Sachs Securities (Nominees) Ltd 4.4%
Directors Holdings 12%*

grevis2 - 26 Nov 2009 13:20 - 48 of 52

PLUS Markets trades so far today:

Trade Date Trade Time Price Volume Type Considerations Conditions
26/11/2009 13:03:53 19.50 5,128 O 999.96
26/11/2009 12:38:10 19.50 7,692 O 1,499.94
26/11/2009 12:33:56 18.80 19,237 O 3,616.56
26/11/2009 12:21:53 18.80 6,000 O 1,128.00
26/11/2009 11:47:55 19.50 1,220 O 237.90
26/11/2009 11:47:21 18.50 699 O 129.31
26/11/2009 10:48:07 19.50 1,500 O 292.50
26/11/2009 10:44:51 19.50 5,066 O 987.87
26/11/2009 10:30:51 19.50 2,502 O 487.89
26/11/2009 10:18:01 18.62 5,000 O 931.25
26/11/2009 10:12:25 18.95 5,963 O 1,129.99
26/11/2009 10:07:43 19.00 14,224 O 2,702.56
26/11/2009 09:45:15 18.50 10,000 O 1,850.00
26/11/2009 09:26:49 19.50 20,000 O 3,900.00
26/11/2009 09:08:17 18.25 2,500 O 456.25
26/11/2009 09:03:18 18.20 31,049 O 5,650.92
26/11/2009 08:47:08 18.12 15,150 O 2,745.94
26/11/2009 08:25:26 18.12 25,000 O 4,531.25
26/11/2009 08:22:44 18.50 2,500 O 462.50
26/11/2009 08:05:14 18.50 4,816 O 890.96
26/11/2009 08:02:44 18.12 1,764 O 319.72
25/11/2009 16:29:59 18.50 5,000 O 925.00
25/11/2009 16:15:53 18.50 10,000 O 1,850.00

current_20091126-000000011210historic_20091125-000000021625

grevis2 - 26 Nov 2009 16:42 - 49 of 52

Nice finish to the day, especially as the market in general had a torrid time. 19.50p is yet another closing high!

grevis2 - 26 Nov 2009 16:47 - 50 of 52


MARIANA RESOURCES ORD
Market Status:Open

Symbol Cncy Code Bid Ask Volume Open High Low Close
MARL.GB GBX 19.00 21.00 515125 18.75 21 18 20
Last TradesTrades delayed 15 mins
Trade Date Trade Time Price Volume Type Considerations Conditions
26/11/2009 16:29:15 19.30 2,500 O 482.50
26/11/2009 16:26:40 18.55 5,114 O 948.65
26/11/2009 16:23:27 18.75 26,629 O 4,992.94
26/11/2009 16:21:30 18.00 42,000 O 7,560.00
26/11/2009 16:15:46 19.00 15,000 O 2,850.00
26/11/2009 16:05:40 19.50 7,656 O 1,492.92
26/11/2009 16:03:34 19.00 20,575 O 3,909.25
26/11/2009 16:00:19 19.20 3,000 O 576.00
26/11/2009 15:16:42 18.70 15,000 O 2,805.00
26/11/2009 14:57:38 19.50 17,820 O 3,474.90
26/11/2009 14:46:17 18.80 3,058 O 574.90
26/11/2009 14:45:03 18.80 10,000 O 1,880.00
26/11/2009 14:42:22 18.80 10,792 O 2,028.90
26/11/2009 14:41:49 18.80 15,000 O 2,820.00
26/11/2009 14:37:51 19.50 5,000 O 975.00
26/11/2009 14:35:18 19.12 20,000 O 3,825.00
26/11/2009 14:22:28 20.05 15,000 O 3,007.50
26/11/2009 14:21:56 21.00 4,714 O 989.94
26/11/2009 14:20:28 21.00 35,657 O 7,487.97
26/11/2009 14:09:05 20.00 27,312 O 5,462.40
26/11/2009 14:05:49 18.62 10,000 O 1,862.50
26/11/2009 14:05:49 19.50 2,000 O 390.00
26/11/2009 13:54:58 18.62 10,000 O 1,862.50

current_20091126-000000022615current_20091126-000000011735
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