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

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.