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

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