Mariana Resources Ltd is an AIM and TSX quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In southern Argentina, in addition to the Las Calandrias gold-silver discovery, the Company has the Sierra Blanca silver-gold prospect (70%); the Los Amigos joint venture (49%) with Hochschild Mining and a 160,000 Ha land package (100%) in the country. All of these projects are located in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz province of southern Argentina, which hosts four mines and several advanced projects. In Chile, Mariana has a joint venture with US based international mining and natural resources company Cliffs Natural Resources Inc., to explore for iron oxide-copper-gold deposits (‘IOCG’) in a 92,000 km² area (“SCM Mariana Area”) in north-central Chile along the highly prospective Atacama Fault Zone. The SCM Mariana Area includes the 44km² Buenaventura and 46km² Perro Chico IOCG projects. Mariana is also evaluating a number of gold-silver and copper-gold opportunities away from the Cliffs JV area, as part of a new initiative.



The Guardian-Our share tips for 2012...

Nick Fletcher

Aim listing mining group Mariana Resources has a number of gold and silver projects in Argentina and Chile, and recent drilling results from its Sierra Blanca site have been encouraging. AngloGold Ashanti recently showed confidence in Mariana by paying 12p a share to take a 19.9% interest, with the cash helping to fund the company's drilling programme for the next 12 months or so. This news prompted analysts at Fox Davies to put a 22p target on the shares, currently 10p. There is plenty of scope for consolidation among mining companies in the region, and in the long term Mariana may look at selling some of its projects, seek further partnerships with major mining groups or agree to a takeover.

http://www.guardian.co.uk/business/2011/dec/27/share-tips-for-2012
Capital Structure
At 31 January 2012.

Issued capital 228,740,487 Ordinary shares Unrestricted on AIM, none held in Treasury. 47,105,557 Restricted on TSX
Options 16,611,000

Significant Shareholders
The holders of more than 3% of the fully paid shares on 31 January 2011 are listed below:

Name No. of shares held % held
AngloGold Ashanti Holdings Plc 45,418,212 19.86
Hochschild Mining Holdings Limited 11,002,948 4.81
Craton Capital 8,000,000 3.50
Australian Investors P/L 7,547,500 3.30

* Percentage of shares not in public hands - Directors and management hold 4.50% of issued

Wednesday, October 07, 2009

Gold targets at Chilean projects Buenaventure and Perro Chico

Mariana Resources Ltd (AIM: MARL) said it has begun drilling iron oxide-copper-gold (IOCG) targets at the Buenaventure and Perro Chico projects in Northern Chile. There are three targets to be drilled at Buenaventura and five at Perro Chico, and the programme will include 9 holes for a total of 3,300 metres drilled.

Investors liked the news, and early morning deals in London sent the shares up nearly 18 percent.

Buenaventura is located 50 kilometres north-northeast of Copiap, between Freeport's Candelaria and Anglo American's Manto Verde copper mines in Northern Chile. The 44 square kilometre project area is situated along the Atacama Fault Complex, which hosts all major Chilean IOCG deposits.

Monday, October 19, 2009

Mariana Resources reports high grade results from drilling at Dos Calandrias, Argentina

South America focused explorer Mariana Resources (AIM: MARL) released initial results from the drilling programme at its wholly owned Dos Calandrias project in Argentina, reporting high grade returns, including a hundred metre plus gold intersection.

The results were received from one of the eight holes drilled at Caladria Sur and all eight holes at Calandria Norte. The hole at Calandria Sur intersected an interval of 102 metres graded at 1.2 grammes per ton of gold from 7 metres downhole, including a 20m intersection of 2.6 g/t gold from 89m, with the grades notably increasing with depth. Drilling at Calandria Norte intersected intervals of 10m at 0.6 g/t gold, 4.1m at 0.9 g/t gold and 0.5m at 4.9 g/t gold.

The other seven holes at Calandria Sur were reported to have intersected significant zones of brecciated and disseminated sulphides up to 80m wide in altered rhyolite.

While the rest of the results are pending, this initial broad intercept may be an indication of bulk tonnage mining potential. The notable strengthening of gold values down hole in CSD13 points to deeper drill targets. We look forward with great interest to the results of the other seven diamond drill holes, said Managing Director of Mariana John Sutcliffe.

The Dos Calandrias property, which spans over 5,600 hectares (Ha), is a new discovery and there has been no prior exploration.

Wednesday, October 28, 2009

Mariana Resources makes new gold-silver discovery at Dos Calandrias, Argentina

Mariana Resources Ltd (AIM: MARL) reported a significant new gold-silver discovery at its 100 percent 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. Results from all holes demonstrate wide intersections of gold and silver mineralisation open at depth and laterally, and the grades and nature of the orebody indicate bulk tonnage potential, the company said.

The best intersection from the Calandria Sur prospect was 91.5 metres at 1.6 grams per tonne gold and 17 g/t silver from 3.5 metres downhole, and including 21 metres at 4.5 g/t Au and 39 g/t Ag from 40 metres.

Only last week, the company reported results from one of the eight holes drilled at Caladria Sur and all eight holes at Calandria Norte. The hole at Calandria Sur intersected an interval of 102 metres graded at 1.2 g/t Au from 7 metres downhole, including a 20 metres intersection of 2.6 g/t Au from 89 metres, with the grades notably increasing with depth. Drilling at Calandria Norte intersected intervals of 10 metres at 0.6 g/t Au, 4.1 metres at 0.9 g/t Au and 0.5 metres at 4.9 g/t ASuu.

Mariana said in todays statement it is planning a 3,000 metres follow-up drilling programme for early 2010 to define Dos Calandrias economic potential.

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.

"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."

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.

Thursday, November 12, 2009

Mariana Resources and Hochschild launch JV to develop gold and silver properties in Argentina

South America focused explorer Mariana Resources (AIM: MARL) had launched a joint venture with FTSE 250 silver miner Hochschild Mining (LSE: HOC) to jointly explore and develop the companies three gold and silver license areas in southern Argentina.

The tenements to be explored include Marianas Amigos I and Amigos II license areas and Hochschilds San Augustin property, which are located in the Santa Cruz area in the western sector of the Deseado Massif, some 110 kilometres south of Hochschilds producing gold and silver mine San Jose Mine.

The companies agreed to a US$2 million exploration budget within a three year period with Mariana covering 40% and Hochschild paying the remaining 60% for participating interests of 49% and 51% respectively. Hochschild will earn a further 9% of the JV if it funds 60% of the next US$3 million in the next two years and a further 10% by either completing a feasibility study or providing project financing, repaid out of Marianas 80% share of cash flow, giving it a total 70% interest.

IAMGOLD Corp (TSX: IMG; NYSE: IAG), which previously had a JV agreement over the San Augustin property with Hochschild, will retain a royalty interest of 1.5% of net smelter returns from any mineral produced from the properties.

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, said Managing Director of Mariana Resources John Sutcliffe.

Targets at the project will be tested by preliminary drilling in 2010. Hochschild will operate the programme with technical and operational input from Mariana.

The area contains well developed NW and NNW structures hosting vein breccias; rock chip samples have previously returned anomalous precious metal values.

Hochschild is a major shareholder in Mariana, holding 10.53 percent as of June 30 2009. It invested US$1.5 million in Mariana last December, securing the right of first offer over Marianas portfolio of wholly owned properties and applications in Santa Cruz province.

Shares in Mariana rose more than 5% on the news.

From another BB: Quite informative!


12 Nov'09 - 22:52 - 1294 of 1330


Jonny F Private placing was to a handfull of other investors, not PI's like you & me. Could be Institutions but by the sounds of it they were other Mid Cap mining co's.

From the presentation tonight it seems that there are several RNS's due over the next week or so. There has also been a lot of interest from other Mid-Cap Miners in Marl and the fantastic progress they are making. From a company that was nearly dead in the water 12 months ago due to the credit crunch they have done brilliantly, not least because the four or five top bods seem to have great noses for great prospecting sites.

Back to private placings. With hind sight the 13p sp looks a bit of a bargin ut remember the price was at this level only two days or so ago. P.I.s are not usually involved because we are to thick! Thats not my opinion but that of the regulators. If any company wants to make a placing etc available to the likes of JF Cyprus Steve Me etc they have to jump through all sorts of regulatory hoops prepare documents trhat are tested for acuracy misleading statements etc etc. The cost of regulation and making a placing available to PI's is prohibative. I was once on the board of a company that came to AIM and had to spend 1/4Million in fees for due diligence and ensuring the prospectus was fully compliant. The time lines are also much extended, whereas in theory a private placing to an institutional or professional investor could be completed in an afternoon.

From this evenings presentation it was mainly confirming what has already been posted here in recent RNS's etc. I am sure others will post more tomorrow. There were at least two other people there you knew of Cyprus Steve. Your becomming famous CS!

The new JV is quite complicated and had to include a number of different options to facilitate possible moves forward.

It has taken about a year to arrive at todays RNS which gives an idea of how much work is going on behind the scenes.

MARL get 49% & HOC 51% but for the first 3 years MARL only have to pay 40% of the costs. At least one of the other provisions (I think its the one that may see HOC move from 60 to 70%) is included because it is possible that if agreed the JV could go from further drilling results to commencement of mining without a formal Feasabilty report. If this were the case it is probable that MARL would not be able to borrow to fund all their share of the extra costs because of company law constraints which do not apply to HOC. Therefore HOC might have to pick up an extra part of the bill hence the increase in % holding. Doesn't mean it will happen just that it could do. Either way the deal is seen as a posative step forward.

The final point I want to mention is that in conversation afterwards with John
Sutcliffe he mentioned that not only is he very happy with the prospects for the hopeful Dos Calandrias geological formation already discovered. It could have great potential in terms of gold per Ton at levels lower than the first round of drilling went to. This will be confirmed or disproved by the next round of drilling about to be undertaken. The new news was that JS thinks that there could be more similar hydrotherally brecciated rhyolite dome formations elsewhere on MARL land even though no one else has found any elsewhere in Patagonia. He stressed that this was his intuition ONLY and was not backed up by any other drilling results or surface surveying etc. etc. There is nothing to back this up apart from a proven and experienced Geologists nose! My words not his.

I off home now to see my long suffering wife. If you want any more news you will have to waite till someone else can post tomorrow. Its late so please also excuse the spelling mistakes

From another BB: A response!

13 Nov'09 - 07:27 - 1301 of 1330

Thanks baht, an excellent post many thanks for taking the time to post your notes. I received an email this morning from the company in regards my request that PI's are included in any future fund raisings, very much confirms what you have said in your post. I'll say no more on the subject now!

The Board is always mindful of the existing shareholders' interest when it comes to capital raisings and rights issues were contemplated on the previous two occasions. You can appreciate that when the share price is low brokers are unlikely to underwrite a rights issue and if the shareholders don't support the issue it may well cost more than it raises. Consequently we have obtained funds from so-called sophisticated investors, which removes the cost of preparing a prospectus and other associated issue costs and can be completed in a matter of days.

Although we did not seek funds on this occassion but were approached by brokers, a fund raising would have been necessary early in the new year. The recent capital raising received overwhelming support but in order not to dilute our current shareholders it was restricted to raise only the amount required for the next phase at Dos Calandrias and for our other exploration programmes in 2010. If the next round of drilling at Dos Calandrias is successful and we move to a resource definition phase the means of raising additional funds will again be revisited, with current shareholders very much at the forefront.

MARIANA RESOURCES LIMITED

16 November 2009.

AIM and PLUS: MARL



Further to the announcement dated 10 November 2009, Mariana Resources
Limited is pleased to announce that it has closed the placement of
shares to institutional and other investors to raise a total of
GBP2,951,000 at a price of 13 pence per share.

UK brokers have placed the first tranche of 12,200,000 shares subject
to admission to trading on AIM, which is expected to occur on 17
November 2009.

A second tranche of 10,500,000 shares has been allocated to
Australian-based investment groups to be settled shortly.

Following completion of the two tranches the Company's issued capital
will be 127,194,235 shares.

MARIANA RESOURCES LIMITED

20 November 2009.

AIM and PLUS: MARL


Mariana Resources Limited announced on 16 November 2009, that it had
closed the placement of shares to institutional and other investors
to raise a total of GBP2,951,000 at a price of 13 pence per share and
confirmed the issue of the first tranche of 12,200,000 shares.

A second tranche of 7,200,000 shares has been allotted to
Australian-based investment groups which are expected to list on 23
November 2009.

The settlement of the balance of 3,300,000 shares has been delayed by
funds transfer requirements from Asia but is expected to be completed
shortly.

The Independent 16 November 2009

Mariana and Hochschild seek gold rush

More good news from the battered Aim mining sector last week when Mariana Resources signed a joint venture deal with FTSE 250-listed, Peru-based Hochschild to hunt for gold and silver in the Argentinian desert.

In true boys-own style, the two groups will explore 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.

Under the terms of the agreement, Mariana will put its Los Amigos I and II properties into the joint venture, while Hochschild will contribute its San Augustin property. A $2m budget on exploration has been agreed within a three-year period, 40 per cent paid by Mariana and 60 per cent by Hochschild.

"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," Mariana's managing director John Sutcliffe said.

"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."

The group's shares, which are still only worth 14.5p, are up by 300 per cent in the last 12 months.

Nov 17 2009
Edison Research
Positive news potential
Mariana Resources announced an exciting gold-silver discovery on its Dos Calandrias property in Patagonia at the end of October. Management has subsequently given a presentation. We believe there is scope for positive news flow over the next year or so concerning Dos Calandrias and indeed Marianas other projects. In our view the company is likely to progress to resource definition and a pre-feasibility study at Dos Calandrias by early 2011. Significantly, management has pointed to the potential for a bulk tonnage mine at Dos Calandrias. We believe a gold resource base of 1m ozs is a possibility.

30/11/2009 7.01AM
Mariana Resources' right to acquire 100% of the Sierra Blanca
High-Grade Silver-Gold Project, Southern Argentina

Mariana Resources Ltd ('Mariana Resources' or 'the Company'), the AIM
quoted exploration and development company focussed in Argentina and
Chile, has secured an option ('the Option') to acquire the remaining
30% interest in the Santa Cruz Joint Venture ('the Santa Cruz JV')
from IAMGOLD Corporation ('IAMGOLD'). The Santa Cruz JV comprises
the Sierra Blanca and Canadon Largo silver-gold projects ('the
Projects') in the emerging Deseado Massif gold-silver district in
Southern Argentina.

Overview

* Two year option to acquire remaining 30% interest in Santa Cruz
JV from IAMGOLD
* The Option may be exercised by paying US$500,000 and issuing the
equivalent of US$500,000 in Mariana Resources shares to IAMGOLD
* IAMGOLD will be awarded a 1.5% royalty on net smelter returns
from any commercial mineral production from the two projects
* Focus on the Sierra Blanca silver-gold project, which has a
multiple epithermal vein system with high grade silver drill
intercepts - 3,000m drill programme planned Q2 2010


Mariana Resources Managing Director John Sutcliffe said, "This
agreement, which gives Mariana 100% control of the Santa Cruz JV, is
an important step forward and will enable us to fast-track
exploration at the Sierra Blanca silver-gold discovery in Southern
Argentina. With this in mind, we are planning to test for concealed
silver-gold targets along the 4 km long Veta Chala - Lucila trend in
Q2 2010 to further assess the economic potential of the project.

Visit Mariana website for newletter published today

http://www.marianaresources.com/pdf/newsletters/MarianaNL

Significant Shareholders ( 20 November 2009)
Shareholder % Held
Hochschild Mining Holdings Ltd 8.7
Chase Nominees (incl JP Morgan, GNR Fund) 7.9
Pershing Nominees (Ecl Ray Angus) 5.9
Australian Investors Pty Ltd 4.2
Generali 3.2
Pension Financial Services Canada Inc 4.0
Bank Julius Baer & Co 2.5
Directors 9.4

Pro Active Investors Article published today - link below.
http://www.proactiveinvestors.co.uk/companies/news/10771/mariana-resources-discovering-solid-value-in-south-america-10771.html

Take a look at the above which was issued today. Very good coverage concerning Mariana's activities and prospects.

The following is their final paragraph which tends to sum up their feelings:

With news coming thick and fast, more news imminent, the endorsement supplied by the new Hochschild JV and a brand new discovery under its belt, Marianas share price has seen a significant increase in the last few weeks. From just 2p in the dark days of January, the price has now returned to levels not seen since the company listed on AIM back in 2006. Not even a 2.9 million fund-raising at 13p per share has dented investor enthusiasm, and given the current market capitalisation of under 26 million, there seems yet to be plenty of headroom for further gains.

Also their penultimate paragraph mentions the results due soon from Chile:

Outside Argentina, Mariana has interests in two iron-oxide-copper-gold (IOGC) prospects on Chiles prolific Atacama belt at Buenaventura which lies between Anglo Americas Manto Verde and Freeports Candelaria - and Perro Chico. Strong gravity anomalies have been identified on both properties, and a drilling programme to test these potential copper/gold targets has been completed recently, with results now imminent.

Mariana Resources discovering solid value in South America
by Wendy Durham

In August 1991, the eruption of Mount Hudson in Chile ejected over 8 cubic kilometres of ash in a plume reaching 18 km into the atmosphere. Driven by strong north westerly winds, the ash plume carried its burden into Patagonia - where it blanketed the Deseado Massif, smothered all vegetation and ruined the food source on which the vast sheep rearing ranches depended. An entire tract of northern Santa Cruz became a desert.

Enter the prospectors. Gold had previously been discovered at Cerro Vanguardia, but it was not until AngloGold began serious work on the project in the 1990s that the potential of the Deseado Massif to host significant epithermal gold and silver deposits was recognised. The Precambrian basement rocks and Permian sedimentary layers which overlie them are in their turn overlain by Jurassic-age volcanic rocks, including the Bajo Pobre and Chon Aike formations, which were emplaced by volcanic eruptions occurring within predominantly NW-SE lying fault systems. It is these rock formations which host most of the gold and silver, found in low-sulphidation veins, veinlets and stockwork which formed in Jurassic times as hot mineral-bearing fluids were driven up from below and then deposited as quartz or chalcedony in faults and fractures.

Ironically, the volcanic ash which had presented the exploration opportunity also made life more difficult for prospecting, as it masked many of the obvious surface indicators and mineralised outcrops. But modern exploration is no longer reliant solely on surface prospecting, and the Massif now hosts four operating mines, several significant resources under development and many more as yet undefined discoveries.

The most recent of these belongs to Mariana Resources (AIM:MARL), who have just scored an enviable "first" at their Dos Calandrias prospect with the discovery of a new style of gold mineralisation. Dos Calandrias - originally known as Tongoril and acquired as part of a package of new exploration land in Santa Cruz last year - was identified from satellite imagery and subsequent surface exploration, which delineated a NW trending belt some 700m long and up to 150m wide, consisting of poorly exposed quartz-sulphide stockwork veining. Rock chip samples of up to 21.7 g/t of gold encouraged further work, and it was not long before a second area of mineralisation was found 600m to the north, where multiple sub-outcropping vein breccias ran NE for more than 400m. More rock chipping produced assays of up to 18.9 g/t of gold, some of it visible, while follow-up channel sampling yielded further positive results. It was at this point that Mariana called in Dr Richard Sillitoe - the internationally known expert on hydrothermal mineralisation - who summarised his findings thus: "The newly discovered Tongoril prospect is a rhyolite dome-related epithermal vein system, possibly of low-sulphidation type. The partly brecciated veins are chalcedonic and arsenic, antimony and mercury rich, suggesting a shallow exposure level. Given the high gold values (up to 19 g/t) obtained during initial surface sampling, Tongoril is assigned high exploration priority." Emphasis was originally laid on the further exploration of the vein systems, but Dr Sillitoe did add the rider: "...breccia around the dome margins should not be ignored, because it is a permeable unit capable of hosting bulk-tonnage gold mineralization." (Breccia is rock which has been fragmented, and then cemented together again by the intrusion of another mineral in this case largely quartz. The clasts or fragments are usually sharply angular.)

And thus it unfolded. Soil sampling and trenching defined further mineralised zones within the two target areas of Calandria Sur and Calandria Norte, and by September, a scout drilling programme of 16 holes had commenced to test six separate target zones to shallow depths. When the assay results came in, Dr Sillitoe's rider was seen to be notably prescient! The results from Calandria Norte's vein systems were in general disappointing, as is often the case with first pass, widely-spaced scout drilling, but seven of the eight holes at Calandria Sur hit the spot. All had been drilled in hydrothermal breccia, angled downwards and outwards towards the sub-surface easterly margins of the interpreted dome structure. Best of all was Hole 13, which started and ended in mineralisation and ran out at 102 uninterrupted metres averaging 1.2 g/t gold overall, with the last 20 metres showing a higher grade of 2.6 g/t gold. Six other cores demonstrated intersections of at least 40-50m containing gold running generally between 1-2 g/t, with the occasional sweet spot. Hole 15 is the best example, showing 91.5 metres averaging 1.6 g/t overall, in which was included a 20 metre section at 4.5 g/t with its own 2 metre hot spot grading 28.1 g/t.

Impressive results indeed, and its clear Calandria Sur has the potential to become a low-grade, high-tonnage deposit as further drilling due early next year continues to define the mineralisation. According to Dr Sillitoes post-drilling review, it is the first example of bulk-tonnage gold-silver mineralisation hosted in a dome-related hydrothermal breccia to be found in the Patagonian Jurassic province. It is unusual in that the gold is not hosted in sporadically occurring veins/veinlets, but is disseminated throughout the brecciated rock, with the higher grades lying at the contact between the volcanic dome which has the approximate shape of an inverted cone - and the rocks through which it erupted. Given that this initial discovery is located in just 400m of the eastern side of the domes perimeter, the potential to discover further mineralised zones elsewhere in the perimeter is high, and Mariana intend to investigate this possibility as soon as possible.

Not surprisingly, this discovery presently unique in Patagonia has catapulted Dos Calandrias to instant fame, and it has become the prime focus of both the company and its followers. However, the Mariana project stable goes way beyond what until now had been just another promising exploration prospect. Concentrated on South America, in mining-friendly and relatively stable jurisdictions, Marianas experienced team has built a very respectable portfolio of gold, silver and copper projects.

Elsewhere in the Deseado Massif Mariana have amassed a large portfolio of prospects, and have already made a significant discovery at their joint venture with IAMGold at Sierra Blanca, located 50km N of AngloGold's 6Moz Cerro Vanguardia mine. Mariana currently own 70% of the joint venture project, but have just secured the option to purchase IAMGolds interest, barring a 1.5% NSR and subject to minimum exploration requirements, for an immediate payment of 1 million Mariana shares, and the payment on exercising the option of 1 million in cash and shares. The property hosts 25-30 kilometres of discrete vein systems, but the best discoveries to date have been at the EW trending Veta Chala vein system, where channel sampling revealed bonanza silver grades of up to 5,694 g/t silver and 1.77 g/t gold, which has been compared by Richard Sillitoe to the mineralisation at Mina Martha, some 100km to the south. Whilst drilling did not find corresponding high grades at depth, Dr Sillitoe has recommended further drilling to test for ore shoot development at depth at both Veta Chala and the potentially linked Lucila vein, which will be carried out in early-mid 2010 following an induced polarisation survey.

Most recently, Mariana have announced a new joint venture with Hochschild who are already a major shareholder in the company. Mariana will put its Los Amigos I and II properties into the joint venture whilst Hochschild will contribute its adjoining San Augustin property. Initial terms are 49/51 ownership, with a 40/60 contribution from Mariana and Hochschild respectively to the first three years of exploration funding. But Hochschild can increase its stake to 70% by contributing 60% of exploration funding for a further two years, funding the feasibility study or providing project finance. The three properties are currently under-explored, but offer significant potential for vein-hosted gold-silver epithermal mineralisation in well developed NW and NNW trending structures. Fieldwork will commence immediately, and follow-up drilling is anticipated in 2010.

Outside Argentina, Mariana has interests in two iron-oxide-copper-gold (IOGC) prospects on Chiles prolific Atacama belt at Buenaventura which lies between Anglo Americas Manto Verde and Freeports Candelaria - and Perro Chico. Strong gravity anomalies have been identified on both properties, and a drilling programme to test these potential copper/gold targets has been completed recently, with results now imminent.

With news coming thick and fast, more news imminent, the endorsement supplied by the new Hochschild JV and a brand new discovery under its belt, Marianas share price has seen a significant increase in the last few weeks. From just 2p in the dark days of January, the price has now returned to levels not seen since the company listed on AIM back in 2006. Not even a 2.9 million fund-raising at 13p per share has dented investor enthusiasm, and given the current market capitalisation of under 26 million, there seems yet to be plenty of headroom for further gains.

New article, click HERE

andy i can't load new article, is it me or nothing there...bb

This must be due soon:

7th October 2009
Mariana commences drilling IOCG targets, Northern Chile.

Mariana is on the move gain!

From another BB:

funkyfraser - 10 Dec'09 - 15:44 - 1627 of 1628


Penny Sleuth has just sent out an article on us and it was their top miner pick for 2010.

FF

PLUS Market trades are looking very positive:

Trade Date Trade Time Price Volume Type Considerations Conditions
11/12/2009 10:01:49 19.50 10,205 O 1,989.98
11/12/2009 09:39:58 19.50 25,579 O 4,987.90
11/12/2009 09:36:50 19.50 30,000 O 5,850.00
11/12/2009 09:36:37 19.50 5,064 O 987.48
11/12/2009 09:24:58 19.50 1,200 O 234.00
11/12/2009 09:21:58 19.50 15,282 O 2,979.99
11/12/2009 09:16:45 19.50 25,513 O 4,975.03
11/12/2009 09:16:32 19.50 26,000 O 5,070.00
11/12/2009 09:12:24 19.50 5,066 O 987.87
11/12/2009 09:09:10 19.50 15,000 O 2,925.00
11/12/2009 09:04:33 19.50 30,000 O 5,850.00
11/12/2009 08:53:58 19.00 15,000 O 2,850.00
11/12/2009 08:36:37 19.00 10,000 O 1,900.00
10/12/2009 16:19:01 17.55 10,000 O 1,755.00
10/12/2009 16:01:46 18.25 10,904 O 1,989.98
10/12/2009 16:01:07 18.25 12,934 O 2,360.45
10/12/2009 16:00:30 18.25 10,000 O 1,825.00
10/12/2009 15:50:25 18.50 54,054 O 9,999.99
10/12/2009 15:45:58 17.35 15,000 O 2,602.50
10/12/2009 15:45:57 17.35 35,000 O 6,072.50
10/12/2009 15:39:24 17.75 50,000 O 8,875.00
10/12/2009 15:27:49 17.50 3,594 O 628.95
10/12/2009 15:24:53 17.50 742 O 129.85

current_20091211-000000005391historic_20091210-000000014026

Revealed: The Inside Story on Explosive Junior Mining Stocks
10/12/2009

Last week I was in trendy Islington, north London, to attend the Mines and Money Show. Here the movers and shakers of the mining and finance industries were gathered to tell their stories and share investment ideas.

It was the ideal place to gauge the health of mining sector penny shares.

The conclusion I came to was a positive one: if you want to make big money fast and dont mind a bit of a gamble, the junior resource sector of the London stock market is still a great place to look.

This is the third year that I have attended this annual event. Over the three years, the mood of the event has swung considerably.

In 2007 the mood was euphoric. Talk of the super-cycle had financiers opening their purses and thrusting money at every mining start-up they could find.

A year later and things could not have been more different. Finance was impossible to come by. Mining projects were being put into mothballs. Cash was running out fast.

This year conditions were somewhere close to where they should be.

Financiers are now willing to back miners but they are choosy. Poor projects are hitting the buffers, but new finance is available for those that show genuine promise.

Mergers and take-overs are allowing smaller groups to pool their resources and economise on the costs of being a public company. There have been some failures, but equally there have been some newcomers.

The industry is sorting itself out after the boom and bust, and in this regard its situation today is comparable with that of the dot-com sector in 2002. This is a time when investors should be watching the sector very closely.

Why close attention will bring investors big rewards

As the weak go to the wall, the strong have survived and are starting to prosper. The winners are emerging. They have the financial backing that is essential, but most important of all they are making real progress on the ground.

With very few exceptions, the political climate for solid mining prospects has been supportive. In a sector traditionally fraught with political difficulties, small mining companies are generally being welcomed by governments of developing countries and treated with fairness.

Neither is the sector being blighted by a shortage of key resources. Two years ago it was hard to get hold of drilling equipment at any price. Qualified geologists could name their own salary. Rock samples sent to distant laboratories for analysis would not reappear for months.

Now this has eased and mining ventures around the world are moving forward. Holes are being drilled. Trenches are being dug. Samples are being collected and analysed. Roads are being built and power lines extended.

Now, bankers and shareholders can start to anticipate the time when these junior miners no longer simply spend money, but actually generate some revenue.

It takes three to five years to bring a mining project to fruition, so in 12 months significant progress can be made. So which companies at the event looked ripe for this sort of progress?

The junior mining stars of the next 12 months

Among the miners attracting attention were Ariana Resources (ticker: AAU), which this year produced its first gold from its Kiziltepe deposit in Turkey; and Anglesey Mining (ticker: AYM), which expects to bring its 50% Labrador Iron Ore mine into production in 2010.

And there was another that attracted more attention than most. That was Mariana Resources (ticker: MARL). Mariana has just seen a five-fold increase of its share price after making a gold and silver discovery in the south of Argentina.

The dominant feeling at Mines and Money 2009 was one of business as usual. But aside from a sense of relief that the financial storm has passed, renewed optimism is also coming from the recovery of metal prices. Up to now this has far exceeded predictions.

To an extent this has been caused by some opportunistic and far-sighted stock-piling by the Chinese. But it is also clear that the recession has done little to break the super-cycle.

The fact is that the world is using up natural resources at a much greater speed than they can be discovered in the ground.

The world wants more and more of these things, but they are increasingly hard to find and expensive to extract. Unless mankind can come up with alternative materials, the long-term prognosis has to be that prices will rise and successful mining ventures will be of ever increasing value.

Thanks G2 good post.

Major gold discovery at Marianas 100% owned Dos Calandrias* Project, Santa Cruz, Argentina

Exploration Update

The current quarter has been the most active in Marianas history.

The decision to go on the front foot earlier in the year by raising funds in a difficult market to drill priority targets has paid off with the recent Dos Calandrias gold-silver discovery in Santa Cruz, Argentina.

Wide zones of epithermal gold-silver mineralisation hosted by brecciated rhyolite were intersected at the Calandrias Project (Calandria Sur Prospect) ranging from 71 to 102m @ 1.1-1.6 g/t Au and 17-23 g/t Ag (CDN 13,15 and 16) with bulk tonnage potential indicated. Follow up drilling (infill, step out) plus first pass drilling of remaining 75% of prospective rhyolite dome perimeter, guided by IP geophysics and lag geochemistry planned Q1 2010.

In breaking news, Mariana has an option to acquire IAMGOLDs 30% interest in the Santa Cruz JV giving the Company scope to move to full ownership. This will stimulate drilling next quarter at the Veta Chala silver-gold discovery to follow up intersections such as 11.0m @ 3.4 g/t Au and 386 g/t Ag and 14.3m @ 2.8 g/t Au and 242 g/t Ag.

In yet another recent development, Hochschild Mining (51%) and Mariana (49%) have agreed to JV 13,500 Ha of pooled concessions at Los Amigos in Santa Cruz and explore prospective NW trending epithermal veins. US$2M will be spent over 3 years on a 60% Hochschild, 40% Mariana basis to maintain 51-49% interests (minimum US$500,000 in year 1). The JV allows Hochschild to earn 70% in the following period.

In short, Mariana has rapidly become a significant player in the Deseado Massif of Santa Cruz, Argentina now a world ranked mining and exploration region for epithermal precious metals.

Mariana has a 100% owned 160,000 Ha land package pipeline from which two high priority projects have already emerged: Dos Calandrias and Los Amigos. First pass exploration of other areas in the portfolio continues.

exploring FOR GOLD, SILVER & COPPER IN south america
www.marianaresources.com

MARIANA RESOURCES LIMITED

16 December 2009.

AIM and PLUS: MARL

Issue of Equity

Mariana Resources Ltd (Mariana Resources or the Company), the AIM quoted
exploration and development company focussed in Argentina and Chile, advises
that the final tranche of 3,300,000 shares that formed part of the 2.9 million
placement of 22,700,000 shares at 13 pence per share, announced on 16 November
2009, has now been settled and the shares issued.

The Company further announced on 30 November 2009 that it had entered into an
agreement with IAMGOLD Corporation (IAMGOLD) giving Mariana Resources the
option to acquire the remaining 30% interest held by IAMGOLD in the Santa Cruz
Joint Venture in the emerging Deseado Massif gold-silver district in Southern
Argentina. The 1,000,000 shares in Mariana Resources as consideration for the
option have been issued at an implied price of 14.82 pence per share.

The total issued capital of the Company now comprises 128,228,235 ordinary fully
paid shares.

Miner Hochschild's investments in other precious metal groups now account for 11% of total assets. This diversification into gold and other locations makes strategic sense. Hochschild operates four underground epithermal vein mines, three in Peru, one in Argentina and one open pit mine in Mexico. The outlook for precious metals remains positive as the outlook for the dollar is negative. The shares are trading on a March 2010 earnings multiple of 18.8, falling to 15.2 in 2011. Buy says the Sunday Telegraph.

LONDON (Dow Jones)--Mariana Resources Limited (MARL.LN), said Wednesday that Hochschild Mining Holdings, operator of the Los Amigos Joint Venture has advised that three Reverse Circulation holes have been drilled for a total of 900 meters at the project located in the western sector of the Deseado Massif in the Santa Cruz Province of southern Argentina. MAIN FACTS: -All three holes intersected wide alteration zones and contain intervals between 1 and 10 meter wide with quartz veinlets. -Assay results are expected towards the end of February 2010. -The partners have agreed to spend $2 million on exploration within a three year period, to be paid 40% by Mariana and 60% by Hochschild, to confirm participating interests of 49% and 51% respectively. -A budget of $500,000 is committed in the first year. -Hochschild can earn a further 9% by funding 60% of the next $3 million in the following two years and a further 10% by either completing a Feasibility Study or, if requested by Mariana, providing project financing, repaid out of 80% of Mariana's share of cash flow. -This could see Hochschild's interest increase to a total 70%. -By London Bureau, Dow Jones Newswires

4 March 2010
10:12 AM

Mariana Resources to start drilling at Las Calandrias
Business Financial Newswire
Gold, silver and copper explorer Mariana Resources is to start drilling at the company's Las Calandrias Project in Argentina.

This follows completion of detailed mapping and an IP survey following the Calandria Sur discovery in late 2009.

MD John Sutcliffe said the recently discovered 10sq km Las Calandrias-El Nido dome complex greatly increased the exploration potential of the project for both high-grade vein and bulk tonnage mineralization.

'The recent IP [Induced Polarization] survey has highlighted some priority concealed targets. An exciting drill campaign is about to start and will follow up the Calandria Sur gold-silver discovery and scout drill selected IP targets elsewhere on the property

08/04/10 - 10:25
Mariana Resources reports good progress
Business Financial Newswire

South American exploration company, Mariana Resources reports good progress with drilling at its Las Calandrias Project in Southern Argentina.

Fourteen diamond drill holes totalling 1,560m have been drilled to date at Calandria Sur and core samples from the first four holes have been submitted to assay laboratory with the results expected later this month.

Ongoing exploration has also identified new drill targets at El Nid Norte. Abundant visible gold and silver mineralization was noted in a narrow mineralized structure within this zone.

MD John Sutcliffe comments:"We are pleased to report good progress of the drilling at Las Calandrias with the first batch of assays results expected by around the end of April.

"The wide zones of brecciation and stockwork sulphide mineralization in these latest holes are most encouraging.

The recent bonanza gold and silver assays in follow up channel sampling at the El Nido Norte prospect are very exciting and present new drill targets."

Thursday, April 08, 2010

Mariana Resources reports good progress from Las Calandrias drilling programme

Mariana Resources (AIM: MARL) expects to receive the first batch of assays from its exploration of the wholly-owned Las Calandrias Project in the Santa Cruz Province of Southern Argentina. Drilling, as part of the 3,500m programme, is ongoing and Mariana is testing the propertys priority targets - Calandria Sur, El Nido and Calandria Norte.

At Calandria Sur, Mariana has completed 14 holes covering a total of 1,560m. So far, the drilling work has encountered broad zones of brecciation, silicification and stockwork marcasite mineralisation ranging from 14m to 80m down-hole.

"We are pleased to report good progress of the drilling at Las Calandrias with the first batch of assays results expected by around the end of April. The wide zones of brecciation and stockwork sulphide mineralization in these latest holes are most encouraging, Mariana Resources MD John Sutcliffe commented.

To date, the drilling at Calandria Sur has been testing down-dip extensions below the 2009 drill holes - CS13, 15 and 16 - and possible strike extensions west and northwest along the rhyolite dome. The new undercut holes are testing 50 to 60m below previous intercepts, with approximately 40m between drill sections.

A total of 495 samples from the first four diamond holes have been submitted to the assay laboratory and initial results are expected late April, with remaining batches to follow in sequence.

The recent bonanza gold and silver assays in follow up channel sampling at the El Nido Norte prospect are very exciting and present new drill targets" Sutcliffe added.

At El Nido Norte, ongoing exploration has identified a north-east trending 50x80m veined area, abundant visible gold and silver mineralization was noted in a narrow mineralized structure within this zone, Mariana stated. Surface channel samples returned bonanza gold and silver assays including 0.4m at 62 grams per tonne (gpt) gold and 332gpt silver, 0.5m at 106 gpt gold & 510 gpt silver and 0.7m at 75.4 gpt gold & 2,490gpt silver.

Further work is continuing at El Nido Norte with detailed mapping, lag sampling and limited trenching in progress. Mariana said that this new target will be tested as part of the current drill programme.

In total the 5,600 hectare Las Calandrias project consists of four key target areas: Calandria Sur, Calandria Norte, El Nido Este and El Nido Norte. The latest drilling program follows extensive exploration activity in the area, after the Calandria Sur discovery in late 2009. Recent exploration consisted of detailed mapping, rock chip geochemistry and an Induced Polarization Survey (IP).

Las Calandrias, which was formerly the Dos Calandrias project, was subsequently extended to include the Calandria Sur and Calandria Norte mineralised rhyolite dome complexes to south-east and the recently discovered El Nido dome complex located to the west.

MARIANA RESOURCES LIMITED
AIM and PLUS code: MARL

14 April 2010

Mariana and Cliffs Natural Resources Inc. Sign Letter of Intent to Form
Chilean Iron Oxide-Copper-Gold Exploration Joint Venture

Mariana Resources Ltd. ('Mariana' or the 'Company'), the AIM quoted exploration
and development company focussed in Chile and Argentina, has signed a letter of
intent ('the Agreement') with Cliffs Natural Resources Exploration Inc.
('Cliffs'), a subsidiary of the U.S. based international mining and natural
resources company Cliffs Natural Resources Inc., to explore for Iron
Oxide-Copper-Gold deposits ('IOCG') in a 92,000 km area ('SCM Mariana Area') in
north-central Chile. The SCM Mariana Area includes the Company's 44km
Buenaventura and 46km Perro Chico IOCG projects and the 19km Rodados
application which are located in the prospective IOCG Atacama Fault Zone in
northern Chile.

The arrangement would take the form of an incorporated joint venture which
contemplates the following terms.

Summary
* Cliffs may acquire 51% interest in Sociedad Contractual Minera Mariana ('SCM
Mariana') a Mariana subsidiary to be formed expressly for the joint venture,
by funding a US$2M exploration programme
* Cliff's may acquire an additional 19% (to 70%) by spending a further US$1M
* Minimum Cliffs expenditure commitment is US$500,000
* Mariana's Buenaventura and Perro Chico projects are included in the
Agreement and will form the initial exploration focus, with further drilling
planned
* Additionally, SCM Mariana will explore for IOCG targets in a 900km-long zone
which extends from latitude 22S (Tocopilla) to 30 S (La Serena)
* SCM Mariana's current management will operate the mutually agreed work
programmes

Mariana's Managing Director, John Sutcliffe, commented: "This alliance will add
considerable momentum to our Chilean IOCG programme, which will not only include
the Perro Chico and Buenaventura projects, but now encompasses an extensive and
highly prospective part of north-central Chile. It brings together the Mariana
team's Chilean exploration experience and Cliffs' mining and metallurgical
expertise and will facilitate an ambitious exploration programme in this prime
exploration area."

London Market Report
Wednesday 14 Apr 2010 17:39:08

Argentina and Chile-focused exploration and development group Mariana Resources is also in demand after saying it has signed a letter of intent with Cliffs Natural Resources Exploration, a subsidiary of the US mining company Cliffs Natural Resources, to explore for iron oxide-copper-gold deposits in north-central Chile.

From UK-Analyst.com: Wednesday 14th April 2010

South American miner Mariana Resources (MARL) has agreed a joint venture with US firm Cliffs Natural Resources to explore for iron-oxide-copper-gold deposits in north-western Chile. Mariana's Buenaventura and Perro Chico projects will form the initial exploration focus, with further drilling planned. Cliffs may acquire a 51% interest in a Mariana subsidiary to be formed for the joint venture. Mariana shares gained by 2p to 23.5p.

Posted yesterday on another board:

"For me exploration company maker is the jewel in the crown. I genuinely believe that Dos Calandrias will be proven to be a bulk tonnage resource- and that one day it will be the site of an operating mine and probably in the hands of a major by then. With it currently owned 100% by Mariana this offers great potential. A 1m oz resource would be commercial on a relatively small scale-this could easily be the Calandrias Sur dome on its own-although Sur has greater potential. There are other domes and they are mineralised. Soon we are going to hear about the newly discovered and mineralised El Nido (Dome Complex!). Still all exploration and expectation - the risk and of course reward of the unknown (aside from the snippets of excellent news).
With regards to Chile-the licenced areas of particular interest are at present focused on Perro Chico (up to 100% MARL) and Buenaventura (up to 80% MARL). The 92,000km2 designated SCM Mariana Area looks to be the agreed area for all future JV`d activity-all the way along one of the worlds most resource rich faults. So new targets-new excitement -new potential-and someone else is paying.
With 30% still on the table for MARL after the $3mill exploration program paid for by Cliffs (market cap 10,199,948,432-Cliff is not short of a bob or two) I don`t in my wildest dreams think Mariana would be able to hang onto their full 30% share-copper mining is on a huge scale-particularly in Chile which produces 30% + of all the worlds copper (1/3 of this amount from just two mines). Should Mariana and Cliffs have a genuine find on there hands and Marl somehow manage to hold on to more than the 2% net smelter then this too has brilliant potential. But not the company maker as Dos Calandrias needs to shine first so Mariana can make the decision from a position of strength.
By the way it makes me smile when I see El Sauce (resouce drill target) positioned between Pancho II and Carolina at Perro Chico. As far as I am aware no-one on this bb has paid much attention to Chile so far. Looking around the Internet tonight and seeing Mariana mentioned in various publications - maybe (for the first time) in the USA - maybe awareness is coming and on this level who knows if Chile turns out to be more important to us than we ever imagined. That is the beauty of Mariana.
Jay "

MARIANA RESOURCES LIMITED

AIM & PLUS: MARL

22 July 2010

Following the recent placing of approximately 24 million shares at 28p per share
and the exercise of options by directors and others, updated details of
directors' holdings, significant shareholders and options are given below.

DIRECTORS' SHAREHOLDINGS.

The Directors of the Company held an interest in the following shares in Mariana
Resources Limited at 22 July 2010.

Director Number of shares Percentage of issued shares.

John Horsburgh 3,487,502 2.20%

John Sutcliffe 3,841,667 2.43%

Ray Angus 5,504,300 3.48%

Glen Parsons - -



John Horsburgh's interest in ordinary shares includes 1,285,000 held by Dunslair
Pty Ltd and 1,352,000 held by Innerleithen Pty Ltd. On 21 July 2010, Mr
Horsburgh purchased 150,000 shares on market.

John Sutcliffe's interest in ordinary shares includes 175,000 held by his son
and 50,000 held by his partner.

Ray Angus' interest in ordinary shares includes 4.850,000 held by Pershing
Nominees. On 7 July 2010 an additional 150,000 shares were issued to Mr Angus
following the exercise of 150,000 options.

SIGNIFICANT SHAREHOLDERS AT 30 JUNE 2010.

As far as the Company can determine the following shareholders other than
directors held more than 3% of the issued shares of Mariana Resources Limited at
30 June 2010.

Holder name Number of shares Percentage of issued shares.

Craton Capital 12,492,409 7.90%

Hochschild Mining Holdings 11,002,948 6.96%

J. P. Morgan Resources Fund 7,106,143 4.49%

Australian Investors Pty Ltd 5,962,500 3.77%

Soc. Generale 5,403,500 3.42%

Pensions Canada 5,309,500 3.36%

J. P. Morgan Funds 4,973,791 3.15%

Given as a Play of the week in todays' Shares'.
Recent profit taking and minor disappointment have seen price falls over recent weeks,but believes prospects look very good. Priced at 22.5

Chessplayer: Seems as though someone else read the same article. The following was posted on another BB:
Today's article in Shares Magazine.
"All eyes on Mariana drilling - another round of exploration could push the miner's valuation to new highs"
It says the imminent drilling programme could see Mariana repeat its recent success with finding gold and silver, so buy ahead of this event...

Mariana signs Las Calandrias drilling contract
StockMarketWire.com
Mariana Resources has signed a drilling contract for a minimum 10,000m programme at its Las Calandrias gold-silver project in Argentina.

The programme is expected to start during the first week of September and take about four months.

The first of two rigs will be mobilised on-site at the end of August 2010 with a second rig to follow at the end of September.

Mariana says it expects drilling will result in a maiden resource estimate at Las Calandrias' Calandria Sur target by the end of the fourth quarter of 2010.

Story provided by StockMarketWire.com

Mariana JV starts Buenaventura drilling
StockMarketWire.com
Mariana Resources says drilling has been started at the Buenaventura iron-oxide-copper-gold project in Northern Chile by SCM Mariana, its joint venture with Cliffs Natural Resources.

A programme of up to nine diamond drill holes is testing a number of IOCG targets. Assay results are expected from late September.



Story provided by StockMarketWire.com

The next few months look company transforming for Mariana.

Goldcorp to buy Andean Resources for $3.42 billion
Goldcorp to buy Andean Resources for $3.42B; will get access to Cerro Negro gold project

.
Companies:Genpact Ltd..On Friday September 3, 2010, 7:14 am EDT
NEW YORK (AP) -- Canada's Goldcorp Inc. says it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars ($3.42 billion).

The acquisition would give the Canadian gold producer access to Andean's Cerro Negro gold project in Argentina, wich is said to have a significant amount of gold and silver.

The deal has been approved by both companies' boards. They expect it to close later this year or in early 2011.

Under terms of the deal, each Andean common share will be exchanged for 0.14 Goldcorp shares or a cash payment in the amount of 6.50 Canadian dollars ($6.17) per share.

The maximum cash consideration will be 1 billion Canadian dollars ($948.6 million).

Shareholders can choose stock, cash or a combination of the two.

Mariana starts drilling in Argentina
StockMarketWire.com
South American explorer, Mariana Resources says that drilling has started at its wholly owned Las Calandrias gold-silver project in Argentina.

MD John Sutcliffe comments: "The 10,000m drill programme will fast-track the Calandria Sur bulk tonnage target towards a maiden resource estimate.

"In tandem with this, exploration drilling of the Calandria Norte bonanza grade vein-breccia gold/silver mineralization and new El Nido targets could further expand the project's economic potential."

Mariana Resources (MARL:AIM) 25.75p Gain to date: 15.7% BUY

Shares in the explorer continue to nudge ahead as a new drilling programme begins and one of its neighbours enters a bidding war. We turned buyer of Mariana (MARL:AIM) at 22.25p (Shares, 29 Jul) in the belief investors would buy as more drilling is done to look at the quality and quantity of gold on its properties in Argentina. It is searching in a prosperous location that has attracted interest from major gold companies. Nearby miner Andean Resources (AND:ASX) last week
received a $3.2 billion takeover bid from Toronto-listed Eldorado (ELD:TSX), then trumped by a $3.5 billion approach from Goldcorp (GG:NYSE) which wants its hands on the targets numerous discoveries. As Shares went to press, market rumours suggest Yamana Gold (YAU) and AngloGold Ashanti (AU:NYSE) were considering counterbids.
Amid this merger and acquisition frenzy, there are high expectations for Marianas drilling results, so investors should accept high levels of risk with this stock. (DC)"

-Shares Magazine 9/9/2010

Could be at a new high soon!

Seems the whole Patagonian area is about to explode and Mariana is right in the middle of it:

Minera IRL in new gold/silver discovery at Escondido
StockMarketWire.com
Latin American-focused miner Minera IRL has announced a new gold/silver discovery at its Escondido Project in Patagonia.

The exploration target is the extension on to the company's Escondido exploration license of neighboring Mariana Resources' Calandria Sur discovery.

Chairman Courtney Chamberlain said, 'We are very excited with the results of this first round of drilling at Escondido, which has demonstrated substantial, near-surface intersections of gold/silver mineralization with a strike length exceeding 600 meters.

'This indicates the potential for a bulk tonnage development opportunity.

'While the Mariana team discovered this precious metal mineralized system, the Minera IRL drilling is a credit to our exploration team and represents a significant discovery on our ground.'

Minera IRL had earlier announced a gold and silver anomalous outcropping breccia occurrence that has been mapped on surface for some 700m, generally over 100m wide, striking south-east from the Mariana southern lease boundary.

Assay results from the first-pass scout drilling program into the Northern Breccia Zone at Escondido have now been received. Ten of the eleven holes into the target area have intersected substantial zones of mineralized breccia.

Planning is under way for an expanded drilling program at Escondido before the end of 2010. In addition, pathfinder metallurgical testwork will be undertaken shortly

Comment from FinnCap re Minera; Mariana is mentioned once again!

http://www.tradingmarkets.com/news/stock-alert/mrldf_dj-minera-irl-makes-gold-discovery-at-escondido-patagonia-1169345.html

"DJ Minera IRL Makes Gold Discovery At Escondido, Patagonia
Posted on: Wed, 15 Sep 2010 03:56:20 EDT

LONDON, Sep 15, 2010 (Dow Jones Commodities News via Comtex) --

Latin America-focused gold miner Minera IRL Ltd. (MIRL.LN) Wednesday said it had made a gold and silver discovery at its Escondido project in Patagonia.

Minera said the discovery is linked to Mariana Resources Ltd.'s (MARL.LN) neighboring Calandria Sur discovery, adding the combined discoveries extend over a kilometer in length.

Further drilling and metallurgical work at Escondido is planned, Minera said.

Joe Lunn, an analyst at brokerage FinnCap, said the discovery at Escondido has positive implications for both companies as it suggests that the gold endowment is larger than previously thought.

Lunn added the southern part of South America, in which the two companies operate, is becoming one of the world's top addresses for gold exploration. Canada's Goldcorp Inc. (G.T) recently offered to buy Andean Resources Ltd. (AND.AU), an Australian gold miner operating in Argentina's Santa Cruz province, for $3.45 billion.

September 21, 2010

Mariana Looks To The Assay Gods For Favour, As A Resource At Las Calandrias Draws Near
By Alastair Ford

Mariana Resources is just about to embark on a 10,000 metre drill campaign on the Las Calandrias property in Santa Cruz, Argentina. The aim is to provide enough data for the company to deliver a maiden resource, work on which will start as soon as the drill rigs complete the programme, towards the end of December. That the market is optimistic about what Mariana will come up with hardly needs emphasising. Since the company delivered its discovery at Las Calandrias, the shares have rocketed from 4p to just shy of 34p, as the market lapped up the idea of a new low grade bulk tonnage target in Santa Cruz, and then went into a frenzy when it became apparent that there was also a bonanza grade zone just 700 metres to the north of the initial Calandria Sur discovery.
Just to give a flavour of what punters have been buying into, on the south section of Las Calandrias, Mariana has intercepted 102 metres at 1.2 grams per tonne gold, 92 metres at 1.6 grams per tonne, and 102 metres at 1.4 grams per tonne, while on the north section its hit one metre at 348 grams per tonne gold and 312 grams per tonne silver, and 0.75 metres at 443 grams per tonne gold and 307 grams per tonne silver. In a rising gold market, a bulk tonnage opportunity at virtually the same location as a high grade bonanza discovery is almost manna from heaven.

MARL this afternoon being punted by Tom Bulford of Penny Shares in his newsletter:

Another gold miner with imminent newsflow is Mariana Resources (ticker: MARL). I met 65-year-old managing director John Sutcliffe in London last week.

One of the sectors greybeards, John is not one to over-egg the pudding. Even so, he described the gold grades found from two drill samples at Marianas Las Calandrias North gold mine in Santa Cruz, Argentina, as bonanza.

This is off the scale, he told me. The best I have seen in 45 years.

The question to which we will soon have an answer is whether these extraordinarily gold-rich samples were flukes or part of a broader seam. If the latter, then the shares could take off and Mariana could eventually go the same way as another Santa Cruz gold and silver miner Andean Resources. Thats up 205% in 2010. As the big miners scramble for proven reserves, Andean is being fought over by Goldcorp Inc and Eldorado Gold Corp in a $2bn bidding war.

New article, click HERE

Reference to said article, mention of 91p upside does it for me!

..FinnCaps Lunn has taken a stab at valuing Las Calandrias and reckons it is worth 41p a share based on a resource of 600,000 ounces of gold. However his matrix gives an upside case of 91p.

We think that the enlarged mineralised footprint at Calandria Sur, proved up by the recent drilling campaign, has the potential to contain up to 500,000 ounces of low grade, bulk tonnage mineralisation, Lunn said in a note to clients shortly after the summer fundraiser.

But our re-rating of the shares is primarily due to the bonanza gold grades encountered at Calandria Norte, located 700 metres away.

Although only two ore grade holes have been drilled so far, we believe that Calandria Norte has the potential to become the standout discovery at Las Calandrias.

new presentation out today

http://www.marianaresources.com/pdf/presentation/Mariana_London_Sep_2010.pdf

Does anyone have any thoughts on the appointment of Mr. Randy Turner as Non-executive Director to the Board, effective from 7 October 2010. Is he there only to assist in fund raising with the proposed dual listing on the Toronto stock exchange or given his track record of negotiating the sale of mining stock is there another possibility in the wings?

loadsadosh: I think it's just a case of strengthening their team ahead of the development of Las Calandrias into profitable mine. They've today announced the purchase of the ranch on which their deposits have been found:

Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM quoted exploration
and development company focussed on Argentina and Chile, has purchased the
Estancia La Calandria and thereby the freehold surface rights to the 23,400
hectare area of its flagship Las Calandrias gold and silver project

Thursday, October 14, 2010

Mariana Resources secures freehold surface rights to Las Calandrias project in Patagonia
The companys broker FinnCap said the freehold purchase is a positive step in the development of the Argentinean project.
Analyst Joe Lunn said: It removes the risk of a third party delaying the project in the future by demanding a high level of compensation in return for relinquishment of these rights. We expect the assay results of the first holes at Las Calandrias shortly.

Mariana hits bonanza grades of gold and silver at Calandria Norte
Friday, October 15, 2010 by Ian Lyall
The company has uncovered bonanza grades of gold at Calandria Norte
Mariana Resources (LON:MARL) said this morning it has struck bonanza grades of gold and silver at its project in Patagonia.
The company says there is potential for high-grade gold mineralization along the 450 metre strike vein-breccia trend at Calandria Norte, part of the Las Calandrias area in Santa Cruz Province, Argentina.
The adjacent drill hole, CND 61, produced a concentration of 34.1 grams per tonne of gold over 5 metres and 32 grams of silver over 199 metres.
Eleven diamond drill holes were completed at Norte for a total of almost 1,400 metres, building on an earlier programme.

The latest holes were drilled over about 200m strike in the central portion of the vein trend, the company said in a stock exchange statement.

All holes intersected gold mineralisation within a broad marcasite stockwork envelope with holes 60, 61 and 64 intersecting high grades.

Friday's Stock Market Report from UK-Analyst

Mariana Resources (MARL) shares advanced by 3.75p to 46p after the gold miner revealed three new high gold intersections from follow up drilling at the Calandria Norte target in Argentina. Commenting on this, the group said; "They highlight the potential for high grade vein-breccias at Las Calandrias and Calandria Norte in particular, in addition to the bulk tonnage style gold mineralization at Calandria Sur."

26/10/10
Patagonian gold and silver rush under way and growing

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=113594&sn=Detail&pid=102055

..
Most recently too, Mariana Resources has shown that the rhyolite domes associated with the vein mineralisation may well have the potential for large scale lower grade disseminated gold and silver, which could well prompt a new burst of exploration activity as other companies start drilling these structures as a result of Mariana's find. (Mariana's gold/silver exploration in Patagonia - best of both worlds)
...
Only a couple of years ago it was probably relatively easy to pick up exploration concessions on the Deseado Massif areas, but that is certainly not the case now. The biggest land holdings in the region are probably those of the Santa Cruz state mining entity, Formicruz, followed by Canadian company Mirasol, then Minera IRL and other big exploration holdings controlled by Extorre, Hochschild, Mariana Resources, AngloGold, Pan American Silver, Andean, Coeur, Argentex etc.
...
Most of these have some exploration activity under way on already identified vein systems, but the problem with these systems is that they require a huge amount of drilling to prove them out and it is difficult to prioritise these drill programmes. Sufficient to say that in the months and years ahead more and more high grade gold and silver occurrences will be found across the region - and indeed some are already beginning to be announced like Mariana's excellent grades at Calandria Norte.
..
But, talking of Mariana, this company has also found a low grade disseminated, potential very high tonnage deposit by drilling into one of the rhyolite domes which are a major feature across the Deseado Massif and with which the high grade vein systems appear to be associated. The Calandrai Sur project, in the same concession as the high grade Calandria Norte vein system, comprises multiple zones of breccias hosted gold mineralisation on one of the rhyolitic dome structures. Mariana has a number of other similar targets on its ground. Core lengths of 100 m all in this disseminated low grade material have been announced. Mariana is AIM-listed, but is in the process of securing a TSX listing which should include its marketability.
...
Like the explorers, this article only scratches the surface of some of the ongoing work in what has now to be considered one of the world's most prospective precious metals provinces. The proving up of some of the vein systems does require a huge amount of drilling, but the rewards can be great with some of the high grade structures likely to host some of the lowest cost gold and silver mines in the world as new mines are brought to production. And now, the recent rhyolite dome discovery by Mariana and Minera IRL, with its promise of high tonnage, relatively low grade gold silver mineralisation (in reality reasonable grades when both the gold and silver content is taken into account and in comparison with some of the big low grade mines being developed elsewhere) suggests that more precious mining majors and mid-sized companies may be attracted to the area as the potential becomes even more apparent

Mariana Commences Drilling at La Borita Copper Prospect,
Catamarca Province, NW Argentina

Key points

Two 600-700 m deep drill holes testing strong chargeability anomaly below exotic copper travertine mineralisation at surface with coincident magnetic low
Target is a concealed porphyry copper deposit
Mining-friendly Catamarca Province (Alumbrera copper mine)
Four year option to acquire 100% interest for total US $900,000, including a 2% NSR

Mariana Resources Ltd (Mariana) is pleased to announce that deep drilling has commenced at La Borita located in the northern part of Catamarca province, approximately 60km SW of Antofagasta de la Sierra, northwest Argentina.

The drill contactor is Eco Minera SA using a Sandvik DE710 diamond
drill rig. Two 600-700m core holes located 400m apart and inclined at 70 degrees will test a porphyry copper target at depth.

La Borita Copper Prospect

The prospect is located in a prominent topographic basin which coincides with a NE trending 7 x 3.2km airborne magnetic low. Copper-bearing travertines (carbonate rock deposited at surface from a hot spring) occupy a 1.0 x 1.5 km area within the topographic low. The copper-bearing travertines may have resulted from leaching of copper mineralisation at depth and subsequent precipitation at the surface via hot spring conduits.

further details and maps can be viewed on Mariana Resorces web pages

2/11/10
05:23 Mariana Resources Ltd (MARL) Drill moves to Calandria Norte

FinnCap said that combined with the La Borita drilling programme, todays news makes it think that the shares are currently good value, reiterating its valuation of 48 pence.
Shares in Mariana last traded at 37.75 pence.
The broker called La Borita a high risk, high reward exploration play and asserted that Calandria Norte was no longer priced into the companys valuation.
The markets seemingly hot and cold attitude to Calandria Norte is perhaps understandable as bonanza gold intersections need to be accompanied by continuity of mineralisation.
But its still early days for this project, and we see considerable upside for the shares from these levels if the second drilling campaign demonstrates the much-needed continuity, said finnCap.
The broker also noted that it was keeping its valuation of Mariana unchanged for now, calling the first batch of assay results that will be released later this month the "critical measurement of success".

Surprised they ended down today.

Mariana identifies new gold-silver target trend
StockMarketWire.com
Mariana Resources said a new 600m target trend had been identified parallel to the La Calandria vein in Santa Cruz province, southern Argentina.

Float samples assayed up to 116 g/t Au and 65 g/t Ag.

The company said infill and exploration drilling at the Calandria Sur bulk tonnage target had been completed ahead of schedule. Its intention was to delineate a maiden resource in Q1 2011.

The drill rig had returned to Calandria Norte to follow up high-grade vein targets. A second rig was scheduled to arrive in mid-November to fast-track exploration drilling at the Las Calandrias gold-silver project.



Story provided by StockMarketWire.com

LONDON (Dow Jones)--Mariana Resources Ltd (MARL.LN), an exploration and development company based in Argentina and Chile, said Thursday that geophysical exploration results strongly support numerous high priority drill targets identified in untested rhyolite domes at Las Calandrias.

MAIN FACTS:

-The current drilling program at Las Calandrias to extend by 5,000 meters to 15,000 meters - second drill rig arriving on site by mid-November to fast- track exploration

-New 2D Induced Polarization or IP chargeability drill target at Calandria Norte dome parallel to Las Calandrias bonanza vein and 300 meters to the north with rock chips up to 116 g/t Au and 65g/t Ag

-3D IP modelling of the 2km x 2.8km Nido Norte IP block outlines at least six main chargeability and several resistivity anomalies at El Nido Norte, Nido Oeste and Nido Centro

-3D resistivity indicates a major untested 2km x 1km dome complex extending up to 300 million depth, centered on the Nido Norte target, 1.8km NW of the Calandria Sur gold-silver deposit

-A 2,000 meter x 350 meter 3D resistivity anomaly coincides with a 1.5km epithermal vein structure

-New 3D IP target areas outlined at Pichones, Gamekeeper and Loica prospects adjacent to the Nido Norte target

-Nido Sur IP block 3D survey completed and modelling results expected shortly

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Broker.....

The results show multiple areas of potential mineralisation, Lunn said.
While bonanza gold drill results from high grade shoots and veins often capture the headlines, we think that the low grade bulk tonnage style of mineralisation present at Calandria Sur can be just as rewarding from an economic perspective.
Mariana has established very early in the exploration strategy for Las Calandrias the importance of geophysical information to optimise drill targets.
We think that the prospectivity of the untested goldfields at Las Calandrias has been significantly enhanced this morning.
Lunn values Mariana at 48 pence per share.

http://www.proactiveinvestors.co.uk/companies/news/22719/finncap-upbeat-on-mariana-resources-after-tantalising-exploration-results-22719.html

Strong buying this morning!

SP ticking up again early this morning, maybe another better day?

http://www.marianaresources.com/pdf/presentation/Mariana_Toronto_Nov_2010.pdf
.....................NEW PRESENTATION OUT....................

lots of big buys in late trading

new article, CLICK HERE

http://www.proactiveinvestors.co.uk/companies/news/23235/mariana-drill-update-throws-up-some-interesting-and-potentially-exciting-results-23235.html

What interests us is not the grade, but that the gold was hosted in pyroclastics - the volcanic rock surrounding the rhyolite dome structure which hosts the potential resource, said Joe Lunn, mining analyst at the companys broker FinnCap.
This suggests to us that the prospectivity of Las Calandrias, especially at the largely untested goldfields at El Nido, is greater than originally thought.
This vindicates the companys decision to increase the drilling campaign by 50 per cent earlier this month.

The preliminary metallurgical work is expected to be completed in the middle of next month with a maiden resource estimated earmarked for release in the first quarter of next year.
For us, the pick of the latest assays is from hole CSD86, located to the north-east, which cut a 100 metre mineralised interval from surface including a high grade zone of 35m at 4.8g/t gold, Lunn said in a note to clients.
When analysed with the grade from previous holes, this suggests to us that a high grade core could exist within the Calandria Sur mineralised footprint.

grevis2 -
Do you have any thoughts on what impact the proposed TSX listing may have on the sp is it likely to enhance or dilute the price at point of entry?

loadsadosh: Would have thought that would be positive!

New presentation Nov 30th - Dec 1st
http://www.marianaresources.com/pdf/presentation/Mariana

NEWS RELEASE
02 December 2010

MARIANA RESOURCES UPSIZES THE PREVIOUSLY ANNOUNCED GLOBAL PRIVATE PLACEMENT

Mariana Resources Limited ("Mariana" or the "Company") (AIM:MARL), is pleased to
announce that due to significant investor demand it plans to upsize the
previously announced global private placement (the "Global Private Placement")
to the total aggregate amount of GBP8 million (approximately C$12.7 million) at
a price of 40 pence per ordinary share.

http://www.sgam.co.uk/
Mariana Resources to raise extra 2 mln due to significant investor demand
December 2, 2010
Mariana Resources (LON:MARL) is set to raise almost 2 million more than it originally thought, after a proposed share placing experienced significant investor demand.
It now expects to raise around 8 million, with shares being issued at 40 pence each. The company initially announced it would raise 6 million yesterday. The fundraising is scheduled to close on or about December 9.
The placement to investors in North America will be led by Paradigm Capital Inc, while that outside North America will be brokered by finnCap.
The company's primary focus will be to fast-track exploration drilling at its flagship Las Calandrias gold discovery in southern Argentina, to define a resource and evaluate the economic potential of the project.
Mariana has an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In Argentina, in addition to the Las Calandrias gold-silver discovery project, it owns the Sierra Blanca silver prospect and has a joint venture with Hochschild Mining (LON:HOC).
Mariana also owns exclusive exploration rights to a 160,000 hectare area. All of these projects are located in the Deseado Massif gold district in mining-friendly Santa Cruz province of southern Argentina, which hosts four gold/silver mines and several notable bonanza type precious metal prospects.
In Chile, Mariana has a joint venture agreement with US based international mining and natural resources company Cliffs Natural Resources (NYSE:CLF) to explore for iron oxide-copper-gold deposits (IOCG) in a 92,000 square kilometre area (SCM Mariana Area) in north-central Chile.
The SCM Mariana Area includes two IOCG exploration projects in the highly prospective Atacama Fault Zone, approximately 100 kilometres from Freeport's Candelaria Copper Mine: the 44 sq km Buenaventura and 46 sq km Perro Chico projects.

The trades data on this site for MARL seems to be very vague over the last two days with an extradinary amount of trades being listed as unknown in terms of Buy/Sell despite many of the prices payed indicating that there are a substantial number of buys anybody with ideas as to the reason for this?

loadsadosh:
No idea, but holding steady above 40p. Assay results from Calandria Norte cannot be far away and TSX listing is imminent. All positive in the short term.

Grevis2:
I agree that 40p would appear the new support.
Now that there is a little more detail on the trade page I notice that the possible reason for the poor information level may be the fact that the spread is very tight 41.25 to 41.5.
Given that if 40p is to be the current support along with the extention of the positive drill area results maybe we will see the brokers reassessing the value of this stock soon.

From this posting, it would appear we should get more news towards the end of December:

September 21, 2010

Mariana Looks To The Assay Gods For Favour, As A Resource At Las Calandrias Draws Near
By Alastair Ford

Mariana Resources is just about to embark on a 10,000 metre drill campaign on the Las Calandrias property in Santa Cruz, Argentina. The aim is to provide enough data for the company to deliver a maiden resource, work on which will start as soon as the drill rigs complete the programme, towards the end of December. That the market is optimistic about what Mariana will come up with hardly needs emphasising. Since the company delivered its discovery at Las Calandrias, the shares have rocketed from 4p to just shy of 34p, as the market lapped up the idea of a new low grade bulk tonnage target in Santa Cruz, and then went into a frenzy when it became apparent that there was also a bonanza grade zone just 700 metres to the north of the initial Calandria Sur discovery.
Just to give a flavour of what punters have been buying into, on the south section of Las Calandrias, Mariana has intercepted 102 metres at 1.2 grams per tonne gold, 92 metres at 1.6 grams per tonne, and 102 metres at 1.4 grams per tonne, while on the north section its hit one metre at 348 grams per tonne gold and 312 grams per tonne silver, and 0.75 metres at 443 grams per tonne gold and 307 grams per tonne silver. In a rising gold market, a bulk tonnage opportunity at virtually the same location as a high grade bonanza discovery is almost manna from heaven.

New statement released
http://www.marianaresources.com
MARIANA COMPLETES THE PREVIOUSLY ANNOUNCED
GLOBAL PRIVATE PLACEMENT
John Horsburgh, Chairman said We are very pleased with the strong institutional investor
demand which exceeded our requirements. This financing leaves us with a strong cash
position and we intend to fast track Las Calandrias with a mix of exploration and resource
definition drilling in the coming months. We also plan to deploy the funds to several other
exploration initiatives on our extensive land packages in Argentina and Chile. Wee
continue to work towards a listing on the Toronto Stock Exchange in early 2011 to
capitalize on that Exchanges familiarity with South American exploration companies and
the breadth of resource investors in Toronto.

Someone has taken a big punt on MARL today!

Assay results from Calandria Norte must be do any day now and the SP is ticking up nicely heres to a merry christmas grevis

A lot of blue sofar today, SP ticking up, prior to assay results i guess

New high for the SP @ 47.75

loadsadosh: Looking very bullish now. Would expect 50p to be tested very soon.

grevis: Its great to see that small spread as well gives a bit more stability to sp fluctuations in mo

all blue so far, could be an extended christmas

thats the 50p level overun, 68p next marker?

loadsadosh: Nice strong finish. Need a steady climb from here!

Drilling Confirms Bulk Tonnage Potential of Calandria Sur Gold-Silver Mineralisation, Las Calandrias Project, Southern Argentina

For further details : http://www.marianaresources.com

Just the news we have been waiting for.

Next stop: Roll on result of drilling at Calandria Norte

Drill testing of high grade vein-breccia targets at Calandria Norte Prospect completed
(5,000m) results of 19 holes imminent

Grevis2: Have you looked at (TPJ) will be opening a thread on these shortly

Triple Plate Junction plc is a gold and mineral exploration company which listed on AIM (the Alternative Investment Market) in 2004, having completed a fundraising of 4.2 million.

The company has secured highly prospective exploration areas which have the potential to host world class gold and copper-gold deposits.

Featured in Share magazine they have impressive partner list and a lot of good potential ground

Thanks loadsadosh. Have had a look at TPJ which seems interesting. Have added said to my watch list.

Shares in Mariana Resources (LON:MARL) were given a boost this morning by the latest drilling results, which confirmed the companys Calandria Sur prospect in Argentina as a bulk tonnage silver and gold deposit.
The news prompted FinnCap, the companys broker, to increase its price target on shares in the miner to 64 pence .

http://www.proactiveinvestors.co.uk/companies/news/24341/mariana-shares-rise-on-the-back-of-positive-calandria-sur-trading-update-24341.html

Mariana Resources (MARL.L/AIM/96m) More to go for? (corporate pick & latest note attached)
Looking at the share price chart for Mariana, many investors may look at this and believe that they have missed the boat. Not so. With the average AIM gold stock rising by 160% in 2010, Mariana outperformed by only 7% and ranked 13th out of 41 stocks, despite its run of positive drilling results and the JVs it has in place with Hochschild and Cliffs Natural Resources (both of which must be viewed as potential acquirers). The announcement made yesterday, releasing assay results from its Calandria Sur goldfield in Patagonia, means that the company is now in a position to release a preliminary resource in end Q1/ beginning Q2. This we believe will have a positive impact on the share price. However, and more interestingly, Mariana has newsflow from multiple projects expected in Q1. Besides the imminent release of 19 assay results from the Calandria Norte bonanza gold prospect located 1km north of Calandria Sur, we also expect assay results from the deep porphyry copper target at La Borita, from the 49/51 Los Amigos JV with Hochschild and exploration updates for Sierra Blanca and for the copper exploration JV in Chile with Cliffs Natural Resources. It is worth noting at this point that we currently ascribe no value to any project other than Las Calandrias. Mariana is well funded, with c11m on its balance sheet for further exploration in 2011.

Based purely on Las Calandrias, we have a target price of 64p, offering 25% upside from here. However, we think this may be on the conservative side and increasing rapidly as positive newslfow comes out. BUY

Drill testing of high grade vein-breccia targets at Calandria Norte bonanza gold prospect completed, results of 19 holes imminent
Additional listing on the Toronto exchange imminent
Resource modelling at Calandria Sur to commence January 2011 leading to a preliminary resource estimate Q1/Q2 2011
Exploration drilling underway at El Nido prospects with two rigs testing new 3D IP targets including Nido Norte and Nido Oeste (6,000m) - first results expected in mid February 2011

More Bonanza Gold Intercepts from Calandria Norte
Las Calandrias Project, Southern Argentina

Re:- grevis 97

For those investors still waiting there is a second boat

Results from first 16 holes from infill and exploratory drilling campaign at Calandria
Norte indicate potential for developing significant high grade gold-silver
mineralisation within an extensive rhyolite dome-hosted stockwork zone;

Four additional bonanza grade vein-breccia intersections at La Calandria
Vein

Best intersection of 11.5m @ 10.5 g/t Au and 53 g/t Ag from 85m,
including 2.40m @ 43.0 g/t Au & 218 g/t Ag from 89.3m (CND125)

Other highlights include 12m @ 8.0 g/t Au and 9 g/t Ag from 101m
including 0.6m @ 123.0 g/t Au & 93 g/t Ag (CND122) and 28.6m @ 4.0 g/t
Au and 17 g/t Ag from 77.4m including 0.45m @ 140.5 g/t Au & 312 g/t
Ag (CND123)

For further details : http://www.marianaresources.com

The expected resource modelling of Calaandria Sur (Q2 2011) may now be extended to include Calandria Norte, the combined resource model should be quite something

That pullback has been overdone. Cal' North's latest findings were somewhat disappointing compared to their previous results, but nevertheless they were not discouraging. Cal'South is progressing well towards an opencast bulk tonnage mine and we have yet to receive Marl's results from their other exploration areas, so there is more to come.

One good thing about this drop in the sp is that it enables you to top up prior to releases such as these below. Hope you did likewise Grevis2

Nido Norte
NEW VEIN-BRECCIA TARGET
Results from 12 exploratory drill holes along the 1.8km long Despreciada structure highlight the Nido Norte Prospect as a prime target for follow up drilling. Nine high level epithermal vein-breccia intersections occur along a 750m sector of the 1.8km Depreciada structure and include a broad shallow intersection of 26.3m @ 1.0 g/t Au from 55m (NND162).
Other intersections include:
Hole NND154 2.0m @ 3.9 g/t Au and 6 g/t Ag from 33m and Hole NCD178 2.2m @ 1.4 g/t Au and 59 g/t Ag from 106m. Mineralisation is centred on the large 2km x 0.6km Nido Norte rhyolite dome complex follow up drilling is now testing this
1.8km zone for high grade gold-silver at depth.

Calandria Norte
High grade gold zone extends over 400m strike
Follow up drilling indicates bonanza intersections over a 150m strike within the
400m long vein system including 0.6m @ 123.0 g/t Au 93 g/t Ag (CND122) and 2.40m
@ 43.0 g/t Au 218 g/t Ag (CND125). The veinbreccias occur within stockwork sulphide
veining. Intersections at the SW and NE strike extremities of 0.8m @ 90.2 g/t Au and 198 g/t Ag (CND132) and 13.5m @ 3.0 g/t Au from 159m (CND137) indicate potential for extensions in each direction.

Loadsadosh: Seems as though MARL has started to turn up again. Have certainly added at these levels. Good luck!

Are we are seeing a strong recovery today?

Mariana drills silver project
Created:4 April 2011Written by:Martin Li
South America-focused Mariana Resources has started a 4,000-metre drilling campaign at the Sierra Blanca silver-gold joint venture in the Santa Cruz province of southern Argentina. The drilling follows on from encouraging initial exploration in 2008 and first drill results are expected to be announced by May or June. The company holds a 70 per cent interest in the project and has an option to buyout its partner by paying $1m (0.6m) in cash and shares plus a 3 per cent royalty on future production.

Mariana is also progressing with its wholly-owned flagship project, Las Calandrias, in Santa Cruz. After drilling in late 2009 made the Calandria Sur gold-silver discovery, follow-up drilling in 2010 at Calandria Sur, Calandria Norte and El Nido Est confirmed wide intersections of gold and silver mineralisation. Further drilling has continued at Las Calandrias with the aim of publishing a maiden resource estimate by the end of April.

The company's application to dual-list its shares on the Toronto Stock Exchange is currently being considered by the Canadian listings committee.

07:Tuesday 19 April, 2011
Mariana Resources Ltd

High Grade Gold and Silver Mineralisation - Sierra Blanca Project, Southern
Argentina

Mariana Resources Ltd ('Mariana' or 'the Company') the AIM quoted exploration
and development company focused in Argentina and Chile, announces positive high
grade silver and gold results from the first six holes of its 4,000m 2011
drilling programme at its Sierra Blanca silver-gold project ('Sierra Blanca')
located in the Deseado Massif of the Santa Cruz Province, southern Argentina.

Overview
* Completed 2,200m of drilling over 15 drill holes at Sierra Blanca - assays
received for six holes totalling 650m
* High grade silver mineralisation intersected in twin hole CHD59 at Chala
Splay target in the eastern Veta Chala target area - 4.2m @ 420 g/t Ag and
1.2 g/t Au from 74.6m.
* Wide zones of manganese-carbonate-quartz-sulphide vein breccias discovered
at the Achen vein system (formerly Chala West) in the western sector of
1.4km Veta Chala target area
* Best Achen vein system intersection: 3m @ 9.5 g/t gold (Au) and 28 g/t
silver (Ag) within a broader zone of 28.7m @ 1.4 g/t Au and 11 g/t Ag from
85m in Hole CHD61
* Multiple zones of vein breccias up to 35m wide intersected in all Achen vein
system holes over a strike length of at least 450m and 130m below surface
(assays pending)
* Drill campaign expanded to 5,000m to test the full extent of silver and gold
mineralisation of the Veta Chala target area


John Horsburgh, Chairman of Mariana commented, "These initial results from what
is potentially a robust vein system at Achen with both high grade and broader
stockwork mineralisation are excellent and substantially upgrade the economic
potential of the Veta Chala target area. Additionally, bonanza grade silver
mineralisation of 4.2m @ 420 g/t Ag was intersected at the Chala Splay prospect
highlighting it as another prime target for follow up. Drilling will now focus
on depth and strike extensions of an essentially concealed vein system,
extending for at least 450m and open to the west under gravel cover plus testing
of other targets at our Sierra Blanca silver-gold project."

TSX debut still on the cards for Mariana Resources
Tue, 17/05/2011 - 16:30 | Fiona Bond

Mariana Resources (MARL) could make its debut on the Toronto Stock Exchange within the next month, after a delay caused it to miss its original date.

The gold, silver and copper explorer, which is already listed on London's Alternative Investment Market, told Interactive Investor it expects to receive conditional approval within the next one to two weeks, after which time it will take another fortnight to list.

The company had originally eyed up a late March/early April listing.

"There was a delay at the end of March which saw the process pushed back somewhat. However, we are looking at a listing within a four-week period," executive director Glen Parsons said.

The company, whose shares have tumbled over the past three months, admitted that the delay may have made investors nervous, but assured the market that "fundamentally there's been no change."

interesting comments ...

"It is these discoveries that continue to draw interest to the area, with the likes of fellow UK-listed explorers Minera IRL (MIRL) and Hochschild (HOC) both neighbours, and Mariana deems it likely that consolidation will occur going forward.

"The Deseado Massif, in the Santa Cruz province, is a world-class gold-silver mining province and there will certainly be a rise in consolidation activity, given that most of the land is now spoken for," chairman John Horsburgh said.

Mariana itself boasts 160,000 hectares land position in the Santa Cruz area, and said it is expecting major grassroots exploration in the third and final quarter of this year across Bozal and Tongoril I. "

Mariana Resources Ltd
Listing on Toronto Stock Exchange

MARIANA RESOURCES LIMITED
AIM and PLUS code: MARL
TSX code: MRY
17 June 2011

Trading on the TSX to start today

Mariana Resources Limited (AIM:MARL) ('Mariana' or 'the Company'), is pleased
to announce, further to its press release of June 7, 2011 regarding the dual
listing, its shares will commence trading on the Toronto Stock Exchange (TSX) at
the open of market today under the symbol MRY.

The company continues to trade on AIM and PLUS under the symbol MARL.

The directors of Lonrho PLC (AIM: LONR), DiamondCorp (AIM: DCP), Amur Minerals (AIM: AMC) and Mariana Resources (AIM: MARL) will be presenting:

Wednesday the 28th September 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/122

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

Going back to 5p.

The Guardian-Our share tips for 2012...

Nick Fletcher

Aim listing mining group Mariana Resources has a number of gold and silver projects in Argentina and Chile, and recent drilling results from its Sierra Blanca site have been encouraging. AngloGold Ashanti recently showed confidence in Mariana by paying 12p a share to take a 19.9% interest, with the cash helping to fund the company's drilling programme for the next 12 months or so. This news prompted analysts at Fox Davies to put a 22p target on the shares, currently 10p. There is plenty of scope for consolidation among mining companies in the region, and in the long term Mariana may look at selling some of its projects, seek further partnerships with major mining groups or agree to a takeover.

http://www.guardian.co.uk/business/2011/dec/27/share-tips-for-2012

MARIANA RESOURCES LIMITED


Mariana signs option to acquire the El Aguila Gold-silver Project, Santa Cruz, Argentina

Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM and TSX quoted exploration and development company in Argentina and Chile, is pleased to announce that it has signed an option to acquire from Argentinean private company Winki SA ('Winki'), the 9,124 Ha El Aguila gold-silver project ('El Aguila') adjacent to Mariana's 25,000 Ha Picadero Project in the Deseado Massif of Southern Argentina.

Overview

The combined 34,000Ha Aguila-Picadero Project is 60km south of Mariana's Las Calandrias and 50km west of Extorre Gold Mines Limited's ("Extorre") Cerro Moro gold-silver discoveries

El Aguila comprises a 13.5sq.km. target area of low sulphidation-style epithermal gold-silver mineralisation as quartz veins, hydrothermal breccias and disseminations associated with silicified structures and rhyolite domes

The target area has widespread zones of strongly anomalous to high-grade gold and silver at surface with 5.5% of rock chips assaying from 5 g/t to174.6 g/t gold ("Au")

Limited previous exploration by Newcrest Mining Ltd ("Newcrest") (1990s) and Coeur d'Alene Mines Corporation ("Coeur") (2006-9) discovered significant gold and silver ("Ag") mineralisation at Aguila Main and Aguila Sur prospects

Drill intersections included:

22m @ 0.94 g/t Au and 29 g/t Ag from 92m (CRC1 - Aguila Main)
0.9m @ 19.6 g/t Au and 41 g/t Ag from 299m (DDA42 - Aguila Main)
0.6m @ 40.5 g/t Au and 107 g/t Ag from 48.7m (DDA08 - Aguila Sur)
1.7m @ 9.0 g/t Au and 51 g/t Ag from 45.9m (DDA25 - Aguila Sur)

Mariana's adjacent Picadero Project contains a cumulative 12.5 km of quartz veins with rock chip assays up to 6.1 g/t Au and 143 g/t Ag

Mapping, channel sampling, geophysics and a minimum 3,000m of drilling are planned for Q3, 2012

Option terms include up to 5 years with US$3.14M total option payments and a maximum US$2.4M buyout at any time

Mariana Resources was up 8% after the AIM and TSX quoted exploration and development company focused in Argentina and Chile, completed the purchase of the remaining interest in the 7,000 Ha Sierra Blanca Gold-Silver Project located in the Deseado Massif of the Santa Cruz Province, southern Argentina from IAMGOLD Corp.

The project is now 100% owned by Mariana, subject to a 1.5% royalty to IAMGOLD on a net smelter returns basis.

Upcoming events

Mar 8, 2012 - 12:00 PM EST
Mariana Resources Limited
Boston Corporate Presentation

Mar 9, 2012 - 12:00 PM EST
Mariana Resources Limited
New York Corporate Presentation

Mar 12, 2012 - 12:00 PM MDT
Mariana Resources Limited
Calgary Corporate Presentation

Mar 13, 2012 - 1:00 PM PDT
Mariana Resources Limited
Vancouver Corporate Presentation

Mar 14, 2012 - 1:00 PM PDT
Mariana Resources Limited
Victoria Corporate Presentation

http://www.frasermackenzie.com/newresearch/SANTA_CRUZ/RPT_Santa_Cruz_Bukacheva_050312.pdf

"We believe Mariana Resources represents an inexpensive option to play the geological prospectivity of Deseado Massif with an EV of just ~$20 million. Key reasons to buy the shares include:

Potential to expand the near-surface resource base at Las Calandrias. We are encouraged by the higher grades demonstrated in the initial resource estimate at Las Calandrias (>1 g/t gold equivalent compared to a global average ‘disseminated’ style resource of 0.6 g/t gold) coupled with the higher-grade zones. The initial 0.5 million ounce resource footprint takes up just a small portion (5%) of the prospective area of dome clusters (3km x 4km), with multiple targets that remain to be drill-tested. The disseminated nature of the lower-grade mineralization should allow for a fast increase in tonnage, whereas the presence of a higher-grade, epithermal vein component within 100m -200m of surface has the potential to increase the grade of the resource base at Las Calandrias.

Team with a Track Record in Discovery. Mariana’s team has a history of finding multiple gold deposits, including world-class deposits. John Horsburgh, Chairman, has been involved with important discoveries while at Solomon Pacific Resources NL, which he founded, as well as part of the exploration team for Getty Oil, BHP Billiton and RTZ group in Australia, South America and Europe. Gustavo Rodriguez, VP Exploration has previously delineated the resource at Las Cristinas as Crystallex’s Chief Geologist.

Location, Location, Location. Las Calandrias is the first resource calculated in an area prospective for near surface disseminated mineralization as well as the ‘typical’ epithermal vein mineralization. Minera IRL reported a similar-style disseminated discovery at Escondido, contiguous to the southern portion of Las Calandrias. Also, Extorre has reported a similar style discovery at Falcon, a few kilometres northeast of the property. Furthermore, Anglo’s Cerro Vanguardia mine, Minera IRL’s flagship Don Nicolas development project and Extorre’s flagship Cerro Moro development project are all located within ‘trucking distance’ of the Company’s land. The location of Las Calandrias in the vicinity of other development projects offers multiple opportunities for operating synergies and corporate transactions. "

View from the top: Mariana Resources interview
By Darshini Shah | Fri, 16/03/2012 - 12:07

Argentina and Chile-focused gold explorer Mariana Resources (MARL) has seen its share price fall by three quarters over the past year despite an investment by AngloGold Ashanti (AGD).

How has the investment changed the company, what is the progress on its projects and what can shareholders expect in 2012? Darshini Shah questions chairman John Horsburgh...

Why Argentina?

Our focus is the Santa Cruz province. Deseado Massif is the big gold play at the moment, with four major gold mines and two world-class projects coming on stream. It is controlled by a small bunch of juniors, and we're one of them.

Cerro Vanguardia is the biggest mine in Deseado Massif, producing 200,000 ounces of gold a year. It is owned by AngloGold Ashanti. They are now our biggest shareholder, holding 19.96% of the company's shares.

Following that is the Cerro Negro mine owned by GoldCorp (GG). It was initially owned by Andean Resources. They were taken over for $3.5 billion (£2.2 billion) over a year ago. This is going to be one of the biggest vein-type mines in the world, producing about 500,000 ounces of gold a year.

We have four key projects in Argentina: Las Calandrias, of which we own 100%. We also own 100% of Sierra Blanca. We have a 49% stake in a joint venture project with Hochschild Mining (HOC) called Los Amigos. Finally, we have an option to acquire 100% of Aguila-Picadero.

What is the progress on Las Calandrias?

The flagship project is Las Calandrias. So far, we've drilled 41,000 metres over 300 holes. Our indicated resource is 11.84 million tonnes (Mt) at 1.2 grams per tonne (g/t) of gold equivalent, with an inferred resource estimate if 0.87 Mt at one g/t gold equivalent. This brings it to a total of 519,000 ounces of gold equivalent. This year, we will be seeing if we can expand on that.

Las Calandrias is also a great area to be in. We own the surface rights. The nearest settlement is 75 kilometres away. There's a highway nearby, with gas and grid power all close by. The port is three hours away.

Also, there is excellent upside at Las Calandrias. While there is not much at surface, experts say there is possibility of finding more with target areas including domes, volcaniclastics, breccias, etc. At the La Calandria Vein, there is potential of 74,000 ounces of high-grade surrounded by low-grade gold. So there may be some open-pit potential.

We also have some very interesting exploration going on at both Las Calandrias and Aguila.

So moving onto Aguila...

Aguila is our second new project. We put together our property called Picadero with a neighbouring property owned by a private Argentinian company.

We know there's gold there because other companies have drilled, but we believe that they didn't drill deep enough. We've found some high-grade prospects and have come up with new targets, but we also believe that there's possibility of bulk tonnage.

What about Sierra Blanca?

Sierra Blanca was our original discovery in the centre of the Deseado Massif. We did some vein-type drilling. We did about 5,000 metres at the end of last year.

Although they were mixed results, there were some very interesting intersections, opening up some new target areas. At the moment, we're going through all those results and doing some low-cost mapping and sampling.

The thing to remember is that it's right next to another discovery - the Pinguino discovery owned by Argentex. They are about to come up with resource news on that discovery.

What is your progress in Chile?

In Chile, we have a joint venture with Cliffs Natural Resources (CLF) looking for copper-gold deposits, but they are funding that. We are diluting out of that. So the focus is really on Argentina.

Have you looked outside Argentina and Chile?

Argentina is our main focus. We do look at other areas, but in terms of expenditure and what we have in front of us, it's Argentina.

Initially, we were in Equador but decided to pull out of there. A couple of years [ago], we also initiated a bit of a scouting in Peru, but it was only scouting. We didn't have any projects.

What opportunities arose from AngloGold Ashanti's investment in the company?

AngloGold invested in us in December 2011 in a strategic placement, paying a 30% premium to market price. We are very happy to have them.

The company singled out Mariana, despite the fact that there are a lot of juniors in Deseado Massif.

The reason they invested in us is because they can see real potential in our projects. They like our discovery at Las Calandrias. For them, it is a strategic investment. They operate in the same area, and so there are some synergies there, with our team and their exploration team.

For us, it's an endorsement of our properties and what we're doing. There's a ready-made joint venture partner if we want to get a partner in some of these projects. Additionally, in future placements, they have an option to maintain their equity.

What is planned for 2012?

We will be seeing if we can expand on the 500,000 ounces of gold in Las Calandrias. A drilling program will start in June.

At Aguila, hopefully, drilling will start at the end of April, certainly by early May. First drill results will be expected at the end of May, staggered right through the year.

With all these projects, will you have to go cap-in-hand to investors?

We are well funded at the moment, with £4.7 million in cash at the end of January 2012.

Our budget for this year is a minimum spend of CAN$4 million (£2.56 million). So, we are well funded for what we can see in front of us.

But at the end of the day, we are an exploration company. In the second half of the year, we go into more follow-up drilling, and we are hoping that the pace of drilling could well accelerate. We then may have to go to investors for a fundraising event.

But this is a good problem to have - asking for money if you're getting results.

Why do you think the shares in the company have lost 75% of their value over the past year?

It's not just us - If you look at all the juniors, we all peaked in February 2011.

I think for us, we came out with a resource estimate in July 2011, and I think the market was expecting more. We came up with a bulk-tonnage discovery, so the grade is low. The market was hoping for high-grade. We also do metallurgy, and I think the market was disappointed with the results we had.

But we think it was pretty good for a maiden resource. We went from discovery to resource in a year and half, and it's one of the fastest projects in the Deseado Massif.

How much is your success is down to luck?

We've been lucky a lot. I've been in this game my whole career and it's very hard to find anything. You tend to find that the good explorers are not just lucky because they tend to do it again and again.

You've got to be in the right area. For us, the right area is the Deseado Massif. It's highly prospective and under-explored.

It's also about persistence. You have to get used to failure. Not all these drill holes will be successful. You've got to know when to fold and when to be persistent.

Some see Mariana as a takeover target - what is your take on that?

Deseado Massif is a playground of the juniors.

We all want to be like Andean Resources, owner the Cerro Negro mine, which was taken over for $3.5 billion over a year ago. The next one is Extorre, and then there's a whole bunch of us with discoveries, which could be potential targets.

If you have success in Deseado Massif, then you are a target.

What's your personal view on gold prices?

Gold can be sold virtually anywhere, so there is demand.

One thing I know is that companies are not finding the giant gold deposits. In Australia, discoveries have peaked. If gold is there, then it is deeper and harder to find. All the major companies are finding it hard to replenish their gold reserves.

So just on the supply side, there is definitely a squeeze there, which would positively impact on the gold price.

What would you say to someone buying Mariana's shares now?

I'd like to say we're undervalued!

There is scope to expand to our resource. We're in the right location with the right backing. We have a good presence in Argentina, which is a really hot area, so our portfolio is a real asset.

The upside is there, and having AngloGold Ashanti as a major shareholder underpins what we're doing

It's hard to believe how this share has fallen so far out of fashion over the past 12 months. Nevertheless the Guardian has it as one of its share tips for 2012 so let's see if they are right. Mariana has the experience, so all we need now is news that will set this share alight once more.

The Guardian-Our share tips for 2012...Nick Fletcher

Aim listing mining group Mariana Resources has a number of gold and silver projects in Argentina and Chile, and recent drilling results from its Sierra Blanca site have been encouraging. AngloGold Ashanti recently showed confidence in Mariana by paying 12p a share to take a 19.9% interest, with the cash helping to fund the company's drilling programme for the next 12 months or so. This news prompted analysts at Fox Davies to put a 22p target on the shares, currently 10p. There is plenty of scope for consolidation among mining companies in the region, and in the long term Mariana may look at selling some of its projects, seek further partnerships with major mining groups or agree to a takeover.

http://www.guardian.co.uk/business/2011/dec/27/share-tips-for-2012

Capital Structure
At 31 January 2012.

Issued capital 228,740,487 Ordinary shares Unrestricted on AIM, none held in Treasury. 47,105,557 Restricted on TSX
Options 16,611,000

Significant Shareholders
The holders of more than 3% of the fully paid shares on 31 January 2011 are listed below:

Name No. of shares held % held
AngloGold Ashanti Holdings Plc 45,418,212 19.86
Hochschild Mining Holdings Limited 11,002,948 4.81
Craton Capital 8,000,000 3.50
Australian Investors P/L 7,547,500 3.30

* Percentage of shares not in public hands - Directors and management hold 4.50% of issued

It's interesting to note that AngloGold wish to take more than a passive stake in Mariana:
"Mariana and AngloGold will establish a Technical Advisory Committee that will meet at least quarterly to consider the progress of and add technical input in respect of Mariana's various projects in Argentina"

I've had this one on my watch list for some time. They seem well managed and I'm tempted to buy in at this level. Have just read Fox Davies latest report which speaks highly of their prospects. They have valued this company at 22p which is a far cry from the present price and well off Mariana's high.
The market seems to have abandoned mining exploration in favour of oil stocks. At some time the tide will turn and those who buy gold mining exploration prospects will be laughing all the way to the bank. My reading of the pundits is that although gold has plateaud for now, and taking into account exploration costs,promising mining stocks are seriously undervalued.

geri good luck!

Not in these but share geri's view on gold mining stocks, bought back in to GRL yesterday, although trade was shown as a sell.
2517

SMALL CAPS FOCUS: Mariana Resources expects exciting end to the year as drill rigs begin turning again
By Ian Lyall, Proactive Investors
PUBLISHED: 13:35, 23 April 2012 | UPDATED: 13:38, 23 April 2012
Comments (0) Share
Some exciting drill results and a maiden resource for its flagship gold project made for a particularly eventful and fruitful 12 months for Mariana Resources.

So far, 2012 has started very quietly for the South America-focused explorer, though things will burst back into life later this month or early May, when the drill rigs begin turning once again.

So a year that has started slowly looks set to end with a bang.
In fact if all goes to plan, we could be into ‘resource upgrade territory’ in the first quarter of next year for the Las Calandrias property in the Deseado Massif, part of Argentina’s Santa Cruz region.

Bursting back into life: Mariana drill rig in Las Calandrias
But before target drilling gets underway on Las Calandrias later this quarter, the group’s focus will be Aguila-Picadero.

The project, also in the Deseado, has slipped under the radar as the Mariana team has been grafting away in the background to consolidate its ground there and prepare it for drilling.
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Where Las Calandrias is so far largely a ‘bulk tonnage-style’ deposit with potential for scale, Aguila is a high-grade, narrow vein gold prospect more typical of the finds of the Deseado Massif.

‘There is high-grade vein potential, but our guys have also found a prospective rhyolite dome complex,’ said Mariana chairman John Horsburgh.

MARIANA AT A GLANCE
AIM Ticker: MARL

Valuation: £16 million

Latest price: 6.88 pence

Year high: 30 pence

Low: 6.63 pence
These subsurface domes are typical of the Calandria Sur portion of Las Calandrias, which is host to 441,000 ounces of the company’s 519,000-ounce indicated and inferred resource estimate.

Closer inspection of Calandria Sur recently revealed that gold exists in the surrounding ‘country rock’ and not just within the rhyolite domes as first thought.

This is important as it raises the potential to expand the resource estimate.

The company is re-assessing a number of the holes it has already drilled and will target the country rock in the next drilling phase planned for the third quarter of this year.

A recent breakthrough is positive assay results from re-sampling a number of previous drill holes beneath and adjacent to the rhyolite dome which hosts the ‘bulk tonnage style’ gold-silver mineralisation at the Calandria Sur prospect, with more results to come.

‘There is great potential to expand the resource,’ said Horsburgh.

‘We are also homing in on the feeder zones and these can be high grade. We are looking under the dome as well as looking on the western and eastern dome margins.’

Mariana’s land package butts up against Minera IRL’s property.

Minera is planning to embark on a drilling programme, which will help it assess the potential of the ground on its side of the fence.

It might at some point make sense to discuss integration of the two deposits, Horsburgh conceded.

‘But first we need to see what emerges from the next round of drilling on each side,’ he added.

Elsewhere, the returns from exploration drilling on its Los Amigos joint-venture and Sierra Blanca project in Argentina were a mixed bag.

The results from the Bajo target at Los Amigos were described by broker Fox-Davies as ‘promising if not spectacular’.

Meanwhile, holes VND122 and 123 at Sierra Blanca were simply ‘disappointing’, according to FD.

However, the City broker maintains its ‘buy’ advice and punchy 22 pence a share price target (current price 6.88p).

One of the major milestones of the last 12 months was AngloGold Ashanti coming on board as a cornerstone investor in Mariana, taking a 19.9 per cent stake.

A beacon shareholder of this quality will undoubtedly help when the company launches its next major cash call - not least because Anglo is likely to stand its end of any fundraise.

‘We have a resource base already established and exploration upside too. Having Anglo there is a great endorsement that underscores what we are doing,’ said Horsburgh.


Read more: http://www.thisismoney.co.uk/money/markets/article-2133888/SMALL-CAPS-FOCUS-Mariana-Resources-expects-exciting-end-year-drill-rigs-begin-turning-again.html#ixzz1sx1FPztg

Beginning to look interesting might have a dabble here:>

Worth a read

Dipped my toe in this morning.

AND a nice 35% rise today....in the money already.,.

17.5% up again today, stop at 7p

stopped out at .073p with another juicy profit.... bring it on.,.

Mineral exploration group Mariana Resources (MARL) revealed a board room shake-up which sees CEO, John Horsborough, step to the Chairman's role. CFO, Glen Parsons, has subsequently been promoted to CEO. Under this new leadership the firm now intends to focus on its Condor De Oro project in Peru, in a shift away from its Argentinean assets due to negative investor sentiment regarding the sites. Separately, Mariana confirmed that it plans to de-list its shares from the Toronto Stock Exchange citing low levels of trading activity. The shares lost 0.625p to 3.875p

The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

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SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - WEDNESDAY 4th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception


Companies Presenting: Herencia Resources (AIM:HER), Mariana Resources (AIM:MARL), Minco (AIM:MIO) and Xtract Resources (AIM:XTR)

REGISTER NOW FOR LONDON EVENT ON 4th DECEMBER 2013

SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - THURSDAY 5th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: Ariana Resources (AIM:AAU), Ferrex (AIM:FRX), Horizonte Minerals (AIM:HZM) and Solgold (AIM:SOLG)

REGISTER NOW FOR LONDON EVENT ON 5th DECEMBER 2013

LISTEN: Glen Parsons, CEO of Mariana Resources, provides a company update

Click here to listen

Bouncing with volume a good sign so I dip my toe for some
and finishing at best of the day

3.97p +0.125p

a follow through last Friday bounce, there seems to be a good interest now paying full offer and someone paid 4.08p premium to 4p offer

Some profit taking at the moment, just like last Friday

from another thread

Buy Mariana Resources at 3.9p with a 18p target Mariana Resources (LSE:MARL) has been one of the small caps stars since the beginning of the autumn, Things can get better still. During the past couple of months the 200 day line has slipped slightly, while the price action first went into a bull flag consolidation and then surged violently to start November. What is interesting about the two month recovery is the way that it was firstly based on the 200 day line falling, something which is only seen in the most bullish of situations. But now, as this moving average starts to rise, we could be treated to a final golden phase of the Mariana Resources rally. What would help in the near-term is consolidation at or above former October 2012 resistance at 6.85p, a matter of importance given the way that after recent share price gains we have a RSI reading at 90 plus. This would suggest a period of cooling off is required, although ideally it would take place at or above the former autumn 2012 peak. The favored destination at this point over the next 1 to 3 weeks is as high as 18p which was formerly support for the shares on the way down in 2011.

Have started the day slowly but now is spiking as volume has suddenly grown fast already @ 4.75p

RNS due any day, they usually rns on a Friday.

LISTEN: Glen Parsons, CEO of Mariana Resources, discusses the drilling results from the Condor de Oro project in Peru

Click here to listen

LISTEN: Glen Parsons, CEO of Mariana Resources, outlines the drill targets at Soledad Gold-Copper-Silver prospect

Click here to listen

LISTEN LIVE at 11am: Mariana Resources (MARL) - Shareholder conference call

Click here to listen

LISTEN: Mariana Resources (MARL) - Receives US$600,000 funding for Argentinean gold and silver exploration

http://www.brrmedia.co.uk/event/122930/glen-parsons-chief-executive-officer

Listen: Mariana Resources (MARL) - Drilling at Condor de Oro Cu-Au-Mo Project, Peru

Click here

Lost a third of its value today.

Mariana Resources - Options a key stake in a newly defined gold district in Suriname Click hre

Watch: Mariana Resources - Overview

Click here

Appears to have struck gold. Very successful find.

Developments for Hot Maden in Turkey: click here

Updates of the operations in Chile: click here

Watch: Glen Parson, CEO; Eric Roth, COO: Mariana Resources update the market on Hot Maden

click here

Mariana Resources - High grade gold-copper mineralisation extends outside the resource

click here to listen

Who Should Attend?Date:

Tuesday 1st December 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

I have a small holding in MARL.

StockMarketWire.com
Mariana Resources has provided an update on the ongoing diamond drill programme at the high-grade Hot Maden gold-copper project in north east Turkey.

"Exceptionally positive results continue to be generated from the ongoing drilling at Hot Maden," said CEO Glen Parsons.

"Infill drilling in the Main Zone has once again delivered Hot Maden's best hole to date, with the significant bonanza grades in HTD-71 of 69.6 m @ 62.7 g/t Au + 2.68% Cu from 210m downhole, including an impressive initial 7m at 526 g/t Au and 3.28% Cu, which further highlights the continuity of the ultra high grade gold-copper zone.

"These infill holes are effectively spaced on 25 m centres and have been designed to both increase confidence in the reported mineral resource estimate, as well as for the acquisition of geotechnical data for the ongoing mine development studies.

"Encouragingly, drilling at the current southern limit of the Main Zone resource area has also intercepted what appears to be either a deep extension or an offset to the Main Zone. The importance of this discovery is that we now see the potential to extend the Main Zone mineral resource to the south.

"Further exploration drilling in the Southern Discovery Zone, located immediately to the north of the Old Russian Mining Zone, has also delivered strong mineralisation from sulphide quartz veins and breccias which will ultimately add to the current initial inferred resource for this area.

"Exploration drilling successfully continues to work closer to, and into, the known mineralised Russian Zone further to the south.

"Technical studies related to mine development are ongoing, and the work completed will be incorporated into both the Preliminary Economic Assessment ("PEA") and Pre-Feasibility Studies ("PFS") accordingly.

"I look forward to updating the market on the anticipated PEA results which are now expected around the end of November, along with the further pending assays and ongoing drilling activities."