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

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.