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

nice 125k buy on plus mkts.drill results promised jan now well overdue.the only gold miner not flying.YET

VOLUME PICKING UP ON PLUS MKTS.RNS

Ner article, click HERE

Mariana makes gold-silver find in Argentina
Business Financial Newswire
Mariana Resources has found a significant new gold-silver discovery at its 100%-owned Dos Calandrias Project in the prospective Deseado Massif region in southern Argentina.

The discovery was confirmed following results from the first eight holes of a 16-hole diamond drilling programme at the Calandria Sur prospect.

Managing director John Sutcliffe said: "This is the first mineralisation of its type to be found in the Patagonia region, and we believe it is comparable with a number of gold systems worldwide.

"We are planning a major follow-up exploration programme, which will include additional geochemistry, geophysics, step-out drilling, deeper testing of the known mineralisation, and scout drilling of the remaining prospective hydrothermally brecciated rhyolite dome perimeter.

"The potential uplift in value that Dos Calandrias presents through an economic discovery is significant. It is therefore the Company's intention to fast track the project through resource definition drilling."

Mariana Resources Ltd / Epic: MARL / Market: AIM / Sector: Gold
Mining
28 October 2009
Mariana Resources Ltd ('Mariana Resources' or 'the Company')
Confirms Gold-Silver Discovery at the Dos Calandrias Project
Argentina

Mariana Resources Ltd, the AIM quoted exploration and development
company focussed in Argentina and Chile, is pleased to announce a
significant new gold-silver discovery at its 100% owned Dos
Calandrias Project ('Dos Calandrias') located in the prospective
Deseado Massif region in southern Argentina. The discovery was
confirmed following results from the first eight holes of a 16 hole
diamond drilling programme at the Calandria Sur prospect.

Overview
* Best intersection from the Calandria Sur prospect of 91.5m
@ 1.6 g/t gold ('Au') and 17 g/t silver ('Ag') from 3.5m, including
21m @ 4.5 g/t Au and 39 g/t Ag from 40m
* Results from all holes demonstrate wide intersections of
gold and silver mineralisation open at depth and laterally
* Grades and nature of the orebody indicate bulk tonnage
potential
* Follow-up 3,000m drilling programme planned for early 2010
to define the project's economic potential

Mariana Resources Managing Director John Sutcliffe said, "These
exceptional results represent an exciting new gold-silver discovery
at Dos Calandrias, indicating its development into a major
mineralised system with bulk tonnage gold potential. This is the
first mineralisation of its type to be found in the Patagonia region,
and we believe it is comparable with a number of gold systems
worldwide. We are planning a major follow-up exploration programme,
which will include additional geochemistry, geophysics, step-out
drilling, deeper testing of the known mineralisation, and scout
drilling of the remaining prospective hydrothermally brecciated
rhyolite dome perimeter.

"The potential uplift in value that Dos Calandrias presents through
an economic discovery is significant. It is therefore the Company's
intention to fast track the project through resource definition
drilling."

Most trades seem to be going through plusmarkets:

Trade Date Trade Time Price Volume Type Considerations Conditions
29/10/2009 11:13:02 12.50 1,000 O 124.98
29/10/2009 11:11:03 12.50 5,000 O 624.90
29/10/2009 11:08:07 12.40 10,000 O 1,240.00
29/10/2009 11:05:22 12.40 5,000 O 620.00
29/10/2009 10:58:14 12.75 5,789 O 737.98
29/10/2009 10:54:25 11.80 16,358 O 1,930.24
29/10/2009 10:50:57 11.78 57,850 O 6,811.84
29/10/2009 10:50:39 12.75 2,301 O 293.38
29/10/2009 10:49:53 12.75 10,000 O 1,275.00
29/10/2009 10:49:27 12.75 23,529 O 2,999.95
29/10/2009 10:49:00 12.75 4,941 O 629.98
29/10/2009 10:48:21 12.75 7,749 O 988.00
29/10/2009 10:46:27 12.75 1,550 O 197.63
29/10/2009 10:46:19 12.75 5,000 O 637.50
29/10/2009 10:44:25 12.65 30,762 O 3,891.39
29/10/2009 10:43:06 12.65 537 O 67.93
29/10/2009 10:42:39 11.85 10,000 O 1,185.00
29/10/2009 10:42:03 12.75 3,887 O 495.59
29/10/2009 10:40:46 12.50 25,000 O 3,125.00
29/10/2009 10:38:51 12.50 25,000 O 3,125.00
29/10/2009 10:38:06 12.49 25,000 O 3,122.50
29/10/2009 10:36:06 11.53 23,000 O 2,650.75
29/10/2009 10:33:04 11.57 10,000 O 1,157.50

Aussie explorer Mariana Resources claims a significant gold and silver discovery at Dos Calandrias in Argentina.

Based in New South Wales and quoted on AIM, the company says drilling at the project, in southern Argentinas Deseado Massif, has shown intersections from 102 metres holding 1.2 grammes of gold and 17 grammes of silver per tonne of ore, to two metres holding 28.4 grammes of gold and 154 grammes of silver per tonne. Managing director John Sutcliffe hails these results as exceptional and indicates Dos Calandriass development into a major mineralised system with bulk tonnage gold potential.

Today's Minesite Article

http://www.minesite.com/nc/minews/singlenews/article/shares-in-mariana-resources-jump-as-drilling-on-the-dos-calandrias-gold-property-in-argentina-comes.html

Shares In Mariana Resources Jump As Drilling On The Dos Calandrias Gold Property In Argentina Comes Up Trumps
By Alastair Ford
I was in Chile last week. Then these results came through from this property in Argentina, and I flew straight over. Its a measure of how excited Mariana Resources is about its new gold-silver discovery at Dos Calandrias in Argentina that, directly had he diverted from his trip to Chile to have a look at it for himself, Mariana non-executive Ray Angus jumped on a plane and flew to London to spread the word.
Old hands in the mining space will remember Ray as the prime geological force behind Monterrico Metals, the Aim-traded Peruvian copper-molybdenum company that made plenty of people a pretty packet when the Chinese group Zijin Mining took effective control, acquiring an 89.9 per cent stake in April 2007 at 350p per share. Ray did very well out of that deal too, such that its probably fair to say that his presence on the board of Mariana is motivated more by love than money.
But his association with the Mariana team is deep-rooted. Indeed, as he explains, it was he who suggested that Mariana list on Aim in the first place. And hes sat on the board ever since. As a non-executive, he describes his role on the Mariana board as the policeman, an epithet which may raise the eyebrows of any in Londons analyst community who remember the wild Monterrico site visit that he hosted back in 2005 - a few short days of madness at the inception of the boom, during which he might fairly have been described as ring-leader.
Still, theres no incompatibility in keeping both market regulators and analysts happy, and Mariana is an altogether different proposition to Monterrico, in that its earlier stage and that its executive directors John Horsburgh and John Sutcliffe are industry veterans who both love their geology to an almost academic degree. If there are any wild antics to be had on Mariana properties, they are probably years down the line.
Having said that, when the latest results from Dos Calandrias came in, it would surely have been in order for drillers and company directors to crack open a bottle of bubbly at the very least. The markets certainly liked the news and marked Marianas shares up by around 50 per cent to 12p. The bullet points of the press release that went out, after everybody had signed off on everything, tell the story very well: the best intersection at the Calandria Sur prospect on Dos Calandrias showed 91.5 metres at 1.6 grammes per tonne gold and 17 grammes per tonne silver from a depth of 3.5 metres, while results from all eight holes drilled demonstrated wide intersections of gold and silver mineralisation open at depth and laterally.
Whats more, the grades and nature of the orebody indicate bulk tonnage potential. So, given all that, a follow-up 3,000 metre drilling programme has now been planned for early 2010 to define the projects economic potential. Ray Angus puts it even more clearly: Mariana, he says, has now cracked a project that looks as though its got legs. What weve got to do now is drill this thing out as quick as possible.
Funding such an undertaking shouldnt be too difficult, given that theres a US$750,000 facility available courtesy of last years deal with Hochschild. And its a nice bonus for Mariana, given the 50 per cent uplift of the last couple of days, that under the terms of the deal this money will come in on the basis of a volume-weighted average share price.
Ray Angus estimates that itll cost around US$600,000 to do the drilling and shoot additional physics on top, after which Mariana should really be able to get a handle on whats on offer at Calandria Sur. And he holds out the tantalizing possibility that this could be the first of many such discoveries: the guys have got to put their goggles on and see if there are some others out there

Issued capital 104,494,235 Ordinary shares Unrestricted, none held in Treasury
Options 13,724,348

Significant Shareholders
The holders of more than 3% of the fully paid shares on 30 June 2009 are listed below, with those of directors:

Name No. of shares held % held
Hochschild Mining Holdings Limited 11,002,948 10.53
Wills & Co 6,141,667 5.88
Ray Angus* 5,354,300 5.12
Chase Nominees Limited 4,657,143 4.46
Goldman Sachs Securities (Nominees) Limited 4,600,000 4.40
Bank Julius Baer & Co Ag 3,700,000 3.54
Chase Nominees Limited CMBL account 3,326,191 3.18
Credit Suisse Client Nominees (UK) Limited 3,300,000 3.16
John Sutcliffe* 3,341,667 3.20
John Horsburgh* 3,187,002 3.05
Total 48,610,918 46.52

* Directors' holdings include associates

Percentage of shares not in public hands - Directors and management hold 11.6% of issued shares

From yesterday's Minesite Article

http://www.minesite.com/nc/minews/singlenews/article/shares-in-mariana-resources-jump-as-drilling-on-the-dos-calandrias-gold-property-in-argentina-comes.html

Shares In Mariana Resources Jump As Drilling On The Dos Calandrias Gold Property In Argentina Comes Up Trumps

Still climbing!

It ain't anymore!

dealerdear: It's at today's high!

A lot of trades are going through PLUS markets:

Mid Price
15.25
Pence Change
+2.37
Percentage Change
18.41%
Links
OverviewNewsMarket DataChartsMARIANA RESOURC ORD
Market Status:Open
Symbol Cncy Code Bid Ask Volume Open High Low Close
MARL.GB GBX 14.00 16.50 1524700 12.875 15 12.5 12.875
Last TradesTrades delayed 15 mins
Trade Date Trade Time Price Volume Type Considerations Conditions
30/10/2009 14:44:40 14.90 1,000 O 149.00
30/10/2009 14:44:25 14.90 17,800 O 2,652.20
30/10/2009 14:25:14 14.97 6,000 O 898.50
30/10/2009 14:20:52 14.97 3,338 O 499.87
30/10/2009 14:17:36 14.97 2,300 O 344.43
30/10/2009 14:16:02 14.00 5,517 O 772.38
30/10/2009 13:58:59 14.85 45,646 O 6,778.43
30/10/2009 13:54:13 14.10 7,728 O 1,089.65
30/10/2009 13:49:04 14.10 4,682 O 660.16
30/10/2009 13:48:25 14.85 4,202 O 624.00
30/10/2009 13:18:08 14.40 15,000 O 2,160.00
30/10/2009 12:54:45 13.90 7,086 O 984.95
30/10/2009 12:44:29 13.25 7,548 O 1,000.11
30/10/2009 12:39:01 13.90 17,985 O 2,499.92
30/10/2009 12:26:25 13.00 5,000 O 650.00
30/10/2009 12:24:38 13.07 22,897 O 2,992.64
30/10/2009 12:23:45 13.07 25,000 O 3,267.50
30/10/2009 08:17:33 14.00 142,857 O 20,000.00
30/10/2009 12:15:03 13.07 5,000 O 653.50
30/10/2009 12:08:48 13.90 10,000 O 1,390.00
30/10/2009 11:51:46 13.06 40,000 O 5,224.00
30/10/2009 11:47:55 13.06 5,000 O 653.00
30/10/2009 11:36:24 13.06 3,890 O 508.03

I wonder if it is going to be featured in any of the week-end press?

I find the following extract very encouraging:

I was in Chile last week. Then these results came through from this property in Argentina, and I flew straight over. Its a measure of how excited Mariana Resources is about its new gold-silver discovery at Dos Calandrias in Argentina that, directly had he diverted from his trip to Chile to have a look at it for himself, Mariana non-executive Ray Angus jumped on a plane and flew to London to spread the word.
Old hands in the mining space will remember Ray as the prime geological force behind Monterrico Metals, the Aim-traded Peruvian copper-molybdenum company that made plenty of people a pretty packet when the Chinese group Zijin Mining took effective control, acquiring an 89.9 per cent stake in April 2007 at 350p per share. Ray did very well out of that deal too, such that its probably fair to say that his presence on the board of Mariana is motivated more by love than money.

It's worth reminding ourselves that they intend to fast track this resource

Mariana makes gold-silver find in Argentina
Business Financial Newswire
Mariana Resources has found a significant new gold-silver discovery at its 100%-owned Dos Calandrias Project in the prospective Deseado Massif region in southern Argentina.

The discovery was confirmed following results from the first eight holes of a 16-hole diamond drilling programme at the Calandria Sur prospect.

Managing director John Sutcliffe said: "This is the first mineralisation of its type to be found in the Patagonia region, and we believe it is comparable with a number of gold systems worldwide.

"We are planning a major follow-up exploration programme, which will include additional geochemistry, geophysics, step-out drilling, deeper testing of the known mineralisation, and scout drilling of the remaining prospective hydrothermally brecciated rhyolite dome perimeter.

"The potential uplift in value that Dos Calandrias presents through an economic discovery is significant. It is therefore the Company's intention to fast track the project through resource definition drilling."

Apologies. I was on the wrong thread. I thought this was HOC.

I blame my age and mental disturbance.

Mariana Resources reports positive results from Argentina and Chile projects
by Andre Lamberti

Mariana Resources Ltd updated the market with further promising results from its Pampa de Tongoril and Santa Cruz properties in Santa Cruz province, Argentina, and from its Buenaventura project in Chile.

At Pampa de Tongoril, Mariana discovered new high grade gold targets in a zone located 600 metres to the north of the previous discovery consisting of multiple suboutcroping vein breccias striking NE for more than 400 metres.

Initial rock chip sampling returned gold and silver values ranging from 0.5 to 18.9 grams per ton of gold and 6 to 56 g/t of silver and strong arsenic, up to 2,120 partes per million mercury, 13.5 ppm and antimony, 198 ppm.

Initial results from exploratory drilling at the Sierra Blanca silver-gold project also showed promising finds. Drilling completed in October2008, comprising 37 holes for a total of 3,005 metres.

The initial drilling results indicate the presence of an up to 21 metres core length silver and gold mineralized structure which includes a zone of bonanza grade silver and high grade gold.

Significant results in the first batch of 12 holes - of 22 completed at Veta Chala - included 21.0 metres at 189 grams per ton of silver and 0.7 g/t of gold from a downhole depth of 33 metres. Within this find was a 9 metre interval of 426 g/t of silver and 0.9 g/t of gold from a downhole depth of 44 metres.
Mariana also struck 5 metres at 173 g/t of silver and 0.9 g/t of gold from a depth of 70 metres including 0.75 metres at 713 g/t of silver, 3.7 g/t of gold and 1.6 percent of zinc; and 12 metres at 63 g/t of silver and 0.2 g/t of gold from a depth of 25 metres, including 1 metre at 551 g/t of silver and 0.2 g/t of gold.

Down-dip extensions of surface silver-gold mineralization at Chala were tested by 16 reverse circulation drill holes, totalling approximately 1,130 metres and 6 diamond drill holes for 550 metres.

Early results are encouraging in that four holes at Chala Splay and Chala Central intersected significant multi-stage quartz veins and breccias. However, a number of targets at Chala Splay remain untested because of poor sample returns caused by severe drilling difficulties and possible structural off-sets in some instances. The best result to date was at Chala Central, with hole SBR27 intersecting 21 metres at 189 g/t Ag, 0.7 g/t Au from 33 metres.

Sierra Blanca and the nearby Caadon Largo concessions are held in joint venture with IAMGOLD Corp. Mariana can earn 70 percent interest through investing US$2 million by October 2009.

Mariana also announced that preliminary geophysical images from its joint venture partner Minotaur Exploration Ltd outline a 3-by-2 kilometre area of immediate interest north of the Cerro Brecha Iron Oxide-Copper-Gold (IOCG) prospect at the Buenaventura project in Northern Chile.

A significant gravity ridge has been defined extending northwards from the Cerro Brecha prospect for approximately 3 kilometres. 3D-modelling is in progress to define drill targets, Mariana said.

Previous drilling in 2002 at the southern end of the gravity ridge intersected IOCG type copper mineralisation with anomalous gold.

The 44 square kilometres Buenaventura project is within the world-class Chilean IOCG Belt, mid-way between the Candelaria and Manto Verde copper mines operated by Freeport-McMoRan and Anglo American respectively.

Buenaventura is 130 km north of Mariana's 100 percent Perro Chico IOCG project at which infill gravity surveying of some prominent gravity anomalies is in progress.


Mariana and Minotaur are exploring Buenaventura with titleholders Sociedad Minera Contractual Buenaventura and can earn 51 percent through spending US$3 million over 3 years.

Hochschild is the biggest shareholder in Mariana. What would enduce them to increase their stake, I wonder?

Significant shareholders also own almost 50% of the equity!

Significant Shareholders
The holders of more than 3% of the fully paid shares on 30 June 2009 are listed below, with those of directors:

Name No. of shares held % held
Hochschild Mining Holdings Limited 11,002,948 10.53
Wills & Co 6,141,667 5.88
Ray Angus* 5,354,300 5.12
Chase Nominees Limited 4,657,143 4.46
Goldman Sachs Securities (Nominees) Limited 4,600,000 4.40
Bank Julius Baer & Co Ag 3,700,000 3.54
Chase Nominees Limited CMBL account 3,326,191 3.18
Credit Suisse Client Nominees (UK) Limited 3,300,000 3.16
John Sutcliffe* 3,341,667 3.20
John Horsburgh* 3,187,002 3.05
Total 48,610,918 46.52