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

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

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

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."

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

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.

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

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

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

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

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%*

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

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

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

Results are due from Chile anytime soon!

Please see link below to interview yesterday with John Sutcliffe yesterday with Pro Active Investors.
Well worth a listen

http://www.youtube.com/watch?v=lhGBstqGikE