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 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