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

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
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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

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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