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<title>Proactiveinvestors United Kingdom Mariana Resources</title>
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<pubDate>Wed, 23 May 2012 06:28:51 +0100</pubDate>
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<item>
<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
</item>
<item>
<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
</item>
<item>
<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
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"id" => "43129",
"title" => "News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project",
"pubdate" => "2012-05-22 08:53:00",
"seftitle" => "mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
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"title" => "RNS press release - Mariana Resources Ltd : Commences drilling at Las",
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"title" => "RNS press release - Mariana Resources Ltd : Notice of Annual General",
"pubdate" => "2012-05-21 07:01:00",
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"id" => "42729",
"title" => "News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina",
"pubdate" => "2012-05-14 08:30:00",
"seftitle" => "mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html",
"description" => "<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
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"title" => "RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R",
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"pubdate" => "2012-04-17 10:02:00",
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"description" => "<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>",
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"title" => "RNS press release - Mariana Resources Ltd : Change of name of Nomad",
"pubdate" => "2012-04-11 07:01:00",
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"title" => "News - Mariana Resources COO Ray Angus buys more company shares",
"pubdate" => "2012-04-10 08:56:00",
"seftitle" => "mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ",
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"title" => "RNS press release - Mariana Resources Ltd : Correction to previous a",
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array(
"id" => "41150",
"title" => "News - Mariana Resources chairman increases stake to 1.73pct",
"pubdate" => "2012-04-04 09:40:00",
"seftitle" => "mariana-resources-chairman-increases-stake-to-173pct-41150.html",
"description" => "<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ",
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"pubdate" => "2012-04-04 07:02:00",
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array(
"id" => "41072",
"title" => "News - Mariana finds more resources through re-sampling programme",
"pubdate" => "2012-04-03 08:25:00",
"seftitle" => "mariana-finds-more-resources-through-re-sampling-programme-41072.html",
"description" => "<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ",
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"title" => "RNS press release - News",
"pubdate" => "2012-04-03 07:00:00",
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array(
"id" => "40965",
"title" => "News - Mariana Resources has good base for further progress at Las Calandrias",
"pubdate" => "2012-03-30 15:40:00",
"seftitle" => "mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html",
"description" => "<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ",
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"title" => "RNS press release - Mariana Resources Ltd : Annual Financial Report",
"pubdate" => "2012-03-30 07:03:00",
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array(
"id" => "1078",
"title" => "Media files - Mariana Resources Chairman talks about the move towards target drilling",
"pubdate" => "2012-03-21 12:08:00",
"seftitle" => "mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html",
"description" => "John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.",
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"title" => "News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results",
"pubdate" => "2012-03-06 14:51:00",
"seftitle" => "mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html",
"description" => "<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2012-03-06 00:00:00",
"seftitle" => "",
"description" => "06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.",
"link" => ""
),
array(
"id" => "39765",
"title" => "News - Mariana Resources encouraged by Los Amigos exploration results",
"pubdate" => "2012-03-05 09:08:00",
"seftitle" => "mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html"
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<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
</item>
<item>
<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
</item>
<item>
<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
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<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</guid>
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<title>Proactiveinvestors United Kingdom Mariana Resources</title>
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<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
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<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
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<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
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<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
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<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
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<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
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<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
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<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
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<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
</item>
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<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
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<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
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<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
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<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
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<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</guid>
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"id" => "43129",
"title" => "News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project",
"pubdate" => "2012-05-22 08:53:00",
"seftitle" => "mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
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"id" => "120522marlh3763",
"title" => "RNS press release - Mariana Resources Ltd : Commences drilling at Las",
"pubdate" => "2012-05-22 07:00:00",
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"title" => "RNS press release - Mariana Resources Ltd : Notice of Annual General",
"pubdate" => "2012-05-21 07:01:00",
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"id" => "42729",
"title" => "News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina",
"pubdate" => "2012-05-14 08:30:00",
"seftitle" => "mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html",
"description" => "<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
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"title" => "RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R",
"pubdate" => "2012-05-14 07:01:00",
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"title" => "News - Mariana Resources quiet but not idle as it prepares for the next round of activity",
"pubdate" => "2012-04-17 10:02:00",
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"description" => "<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>",
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"title" => "RNS press release - Mariana Resources Ltd : Change of name of Nomad",
"pubdate" => "2012-04-11 07:01:00",
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"title" => "News - Mariana Resources COO Ray Angus buys more company shares",
"pubdate" => "2012-04-10 08:56:00",
"seftitle" => "mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html"
),
array(
"id" => "120410marlh1032",
"title" => "RNS press release - Mariana Resources Ltd : Correction to previous a",
"pubdate" => "2012-04-10 07:39:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/"
),
array(
"id" => "120410marlh0999",
"title" => "RNS press release - Mariana Resources Ltd : Increase in Directors sh",
"pubdate" => "2012-04-10 07:02:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/"
),
array(
"id" => "41150",
"title" => "News - Mariana Resources chairman increases stake to 1.73pct",
"pubdate" => "2012-04-04 09:40:00",
"seftitle" => "mariana-resources-chairman-increases-stake-to-173pct-41150.html",
"description" => "<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html"
),
array(
"id" => "120404marlh0037",
"title" => "RNS press release - Mariana Resources Ltd : Increase in Directors Sh",
"pubdate" => "2012-04-04 07:02:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/"
),
array(
"id" => "41072",
"title" => "News - Mariana finds more resources through re-sampling programme",
"pubdate" => "2012-04-03 08:25:00",
"seftitle" => "mariana-finds-more-resources-through-re-sampling-programme-41072.html",
"description" => "<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html"
),
array(
"id" => "120403marlh9603",
"title" => "RNS press release - News",
"pubdate" => "2012-04-03 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/"
),
array(
"id" => "40965",
"title" => "News - Mariana Resources has good base for further progress at Las Calandrias",
"pubdate" => "2012-03-30 15:40:00",
"seftitle" => "mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html",
"description" => "<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html"
),
array(
"id" => "120330marlh8608",
"title" => "RNS press release - Mariana Resources Ltd : Annual Financial Report",
"pubdate" => "2012-03-30 07:03:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/"
),
array(
"id" => "1078",
"title" => "Media files - Mariana Resources Chairman talks about the move towards target drilling",
"pubdate" => "2012-03-21 12:08:00",
"seftitle" => "mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html",
"description" => "John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.",
"link" => "http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html"
),
array(
"id" => "39835",
"title" => "News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results",
"pubdate" => "2012-03-06 14:51:00",
"seftitle" => "mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html",
"description" => "<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2012-03-06 00:00:00",
"seftitle" => "",
"description" => "06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.",
"link" => ""
),
array(
"id" => "39765",
"title" => "News - Mariana Resources encouraged by Los Amigos exploration results",
"pubdate" => "2012-03-05 09:08:00",
"seftitle" => "mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html"
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<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</guid>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</guid>
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<item>
<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
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<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
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</item>
<item>
<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
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<item>
<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
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<item>
<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
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<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
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<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
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<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</guid>
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<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
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<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</guid>
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<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
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<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
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<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</guid>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
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<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
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<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
</item>
<item>
<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
</item>
<item>
<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</guid>
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"id" => "43129",
"title" => "News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project",
"pubdate" => "2012-05-22 08:53:00",
"seftitle" => "mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ",
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"id" => "120522marlh3763",
"title" => "RNS press release - Mariana Resources Ltd : Commences drilling at Las",
"pubdate" => "2012-05-22 07:00:00",
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"id" => "120521marlh3431",
"title" => "RNS press release - Mariana Resources Ltd : Notice of Annual General",
"pubdate" => "2012-05-21 07:01:00",
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"id" => "42729",
"title" => "News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina",
"pubdate" => "2012-05-14 08:30:00",
"seftitle" => "mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html",
"description" => "<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ",
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"title" => "RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R",
"pubdate" => "2012-05-14 07:01:00",
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"title" => "News - Mariana Resources quiet but not idle as it prepares for the next round of activity",
"pubdate" => "2012-04-17 10:02:00",
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"description" => "<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>",
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"id" => "120411marlh1353",
"title" => "RNS press release - Mariana Resources Ltd : Change of name of Nomad",
"pubdate" => "2012-04-11 07:01:00",
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"id" => "41275",
"title" => "News - Mariana Resources COO Ray Angus buys more company shares",
"pubdate" => "2012-04-10 08:56:00",
"seftitle" => "mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ",
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"title" => "RNS press release - Mariana Resources Ltd : Correction to previous a",
"pubdate" => "2012-04-10 07:39:00",
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"title" => "RNS press release - Mariana Resources Ltd : Increase in Directors sh",
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"id" => "41150",
"title" => "News - Mariana Resources chairman increases stake to 1.73pct",
"pubdate" => "2012-04-04 09:40:00",
"seftitle" => "mariana-resources-chairman-increases-stake-to-173pct-41150.html",
"description" => "<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ",
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"id" => "41072",
"title" => "News - Mariana finds more resources through re-sampling programme",
"pubdate" => "2012-04-03 08:25:00",
"seftitle" => "mariana-finds-more-resources-through-re-sampling-programme-41072.html",
"description" => "<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ",
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"id" => "40965",
"title" => "News - Mariana Resources has good base for further progress at Las Calandrias",
"pubdate" => "2012-03-30 15:40:00",
"seftitle" => "mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html",
"description" => "<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ",
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"id" => "120330marlh8608",
"title" => "RNS press release - Mariana Resources Ltd : Annual Financial Report",
"pubdate" => "2012-03-30 07:03:00",
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"id" => "1078",
"title" => "Media files - Mariana Resources Chairman talks about the move towards target drilling",
"pubdate" => "2012-03-21 12:08:00",
"seftitle" => "mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html",
"description" => "John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.",
"link" => "http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html"
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"id" => "39835",
"title" => "News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results",
"pubdate" => "2012-03-06 14:51:00",
"seftitle" => "mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html",
"description" => "<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ",
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"id" => "39765",
"title" => "News - Mariana Resources encouraged by Los Amigos exploration results",
"pubdate" => "2012-03-05 09:08:00",
"seftitle" => "mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html",
"description" => "<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ",
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<title><![CDATA[News - Mariana Resources kicks off drilling programme at Las Calandrias gold-silver project ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has kicked off a 3,500 metre diamond drill programme at its flagship Las Calandrias project in Argentina.</p>
<p>The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.</p>
<p>According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.</p>
<p>“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.</p>
<p>The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p>
<p>The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.</p>
<p>Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.</p>
<p> </p> ]]></description>
<pubDate>Tue, 22 May 2012 08:53:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/43129/mariana-resources-kicks-off-drilling-programme-at-las-calandrias-gold-silver-project-43129.html</guid>
</item>
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<title><![CDATA[RNS press release - Mariana Resources Ltd : Commences drilling at Las ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 May 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120522marlh3763/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Notice of Annual General ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 21 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120521marlh3431/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources hails 'excellent progress' at gold and silver projects in Argentina ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</link>
<description><![CDATA[<p>Precious metals miner<strong> <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY)</strong> has made “excellent progress” at its flagship Las Calandrias project and the new Aguila-Picadero asset in Argentina.</p>
<p>During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.</p>
<p>At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.</p>
<p>Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.</p>
<p>“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.</p>
<p>Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.</p>
<p>On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.</p>
<p> </p> ]]></description>
<pubDate>Mon, 14 May 2012 08:30:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/42729/mariana-resources-hails-excellent-progress-at-gold-and-silver-projects-in-argentina-42729.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Releases its 1st Quarter R ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 14 May 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120514marlh1675/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources quiet but not idle as it prepares for the next round of activity ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</link>
<description><![CDATA[<p>A year that has started slowly looks set to end with a bang. Here we talk to Mariana John Horsburgh about what lies in store.</p>]]></description>
<pubDate>Tue, 17 Apr 2012 10:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41574/mariana-resources-quiet-but-not-idle-as-it-prepares-for-the-next-round-of-activity-41574.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Change of name of Nomad ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 11 Apr 2012 07:01:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120411marlh1353/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources COO Ray Angus buys more company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) said chief operating officer Ray Angus bought 500,000 shares in the company on the market at a cost of 7.25 pence per share.<br /><br />The purchase takes his holding in Mariana to just over 7 million shares, representing 3.03 per cent of the capital.<br /><br />Only last week, executive chairman John Horsburgh bought 500,000 shares in Mariana to take his shareholding to 3.99 million shares, representing a 1.73 percent stake<br /><br />The South America-focused gold explorer also announced last week that it found potentially more gold and silver on its Las Calandrias prospect in Argentina following a re-sampling of holes previously considered low quality.<br /><br />Mariana re-sampled 15 of 40 holes and discovered new zones of gold-silver mineralisation which extend laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect.</p> ]]></description>
<pubDate>Tue, 10 Apr 2012 08:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41275/mariana-resources-coo-ray-angus-buys-more-company-shares-41275.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Correction to previous a ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh1032/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 10 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120410marlh0999/</guid>
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<item>
<title><![CDATA[News - Mariana Resources chairman increases stake to 1.73pct ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</link>
<description><![CDATA[<p>Gold miner <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) received an endorsement from its executive chairman John Horsburgh, who has bought shares in the company at a premium to the current market price.</p>
<p class="MsoNormal">Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.</p>
<p class="MsoNormal">The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.</p>
<p class="MsoNormal">This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.</p>
<p class="MsoNormal">Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.</p>
<p class="MsoNormal">Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p class="MsoNormal">The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p class="MsoNormal">Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.</p>
<p>The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.</p> ]]></description>
<pubDate>Wed, 04 Apr 2012 09:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41150/mariana-resources-chairman-increases-stake-to-173pct-41150.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Increase in Directors Sh ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 04 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120404marlh0037/</guid>
</item>
<item>
<title><![CDATA[News - Mariana finds more resources through re-sampling programme ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</link>
<description><![CDATA[<p>South America-focused gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) has found potentially more gold and silver on its Las Calandrias, Argentina prospect following re-sampling holes previously considered low quality.</p>
<p>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.</p>
<p>The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.</p>
<p>These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.</p>
<p>The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added. </p>
<p>Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.</p>
<p>John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.</p>
<p>"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.</p> ]]></description>
<pubDate>Tue, 03 Apr 2012 08:25:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41072/mariana-finds-more-resources-through-re-sampling-programme-41072.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - News ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 03 Apr 2012 07:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120403marlh9603/</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources has good base for further progress at Las Calandrias ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</link>
<description><![CDATA[<p> </p>
<p>Gold explorer <a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.</p>
<p>Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.</p>
<p>This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.</p>
<p>Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.</p>
<p>The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent. </p>
<p> </p> ]]></description>
<pubDate>Fri, 30 Mar 2012 15:40:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/40965/mariana-resources-has-good-base-for-further-progress-at-las-calandrias-40965.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Mariana Resources Ltd : Annual Financial Report ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</link>
<description><![CDATA[]]></description>
<pubDate>Fri, 30 Mar 2012 07:03:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120330marlh8608/</guid>
</item>
<item>
<title><![CDATA[Media files - Mariana Resources Chairman talks about the move towards target drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</link>
<description><![CDATA[John Horsburgh, Chairman of Mariana Resources (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>), tells Proactiveinvestors that they are defining targets for drilling at the flagship Santa Cruz project. John also says that investors should watch out for assay results soon. He also outlines the benefits of the 19.9% interest that Anglo Gold Ashanti has in Mariana.]]></description>
<pubDate>Wed, 21 Mar 2012 12:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1078/mariana-resources-chairman-talks-about-the-move-towards-target-drilling-1078.html</guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources: FoxDavies maintains 'buy' rating after exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</link>
<description><![CDATA[<p>FoxDavies has retained its 'buy' recommendation on <a href="http://proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>, TSE:MRY) and target price of 22 pence a share after recent exploration results from the firm.<br /><br />Findings from the Los Amigos joint venture and its Sierra Blanca project in Argentina have recently been released.<br /><br />Yesterday, Mariana said it was encouraged by the latest exploration results from Los Amigos, which indicated economic grade gold and silver mineralisation.<br /><br />Scout drilling on the Bajo target area hit shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres.<br /><br />FoxDavies said today there was still considerable work to do at Bajo to unravel the source of mineralisation.<br /><br />Meanwhile, recent rock chip sampling has highlighted the Amigos structure as a new priority target, the firm said, adding that more exploration was planned at Los Amigos for 2012 to define drill targets.<br /><br />Meanwhile, last week, the firm said its findings at the Sierra Blanca gold-silver project in southern Argentina warranted further investigation.<br /><br />Drilling has confirmed four broad target areas along a combined 8.9 km strike.<br /><br />Work at one target in particular - the Vetarron Norte - hit intersections of anomalous gold and silver in two holes and this is shaping up to be a priority target. The other three target areas are Lucila, Trafwe and Achen-Chala.<br /><br />The broker said Vetarron Norte was still largely underexplored and the potential of the system remained. FoxDavies added that scout drilling at Trafwe delivered "encouraging results" and deserved further investigation.</p> ]]></description>
<pubDate>Tue, 06 Mar 2012 14:51:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39835/mariana-resources-foxdavies-maintains-buy-rating-after-exploration-results-39835.html</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[06.03.12 :-0.25, (9.25) Fraser Mackenzie initiates coverage with a "buy" rating.]]></description>
<pubDate>Tue, 06 Mar 2012 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Mariana Resources encouraged by Los Amigos exploration results ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</link>
<description><![CDATA[<p><strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/992/Mariana+Resources" class="companyPopupTrigger" rel="992">Mariana Resources</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/992/mariana-resources-0992.html" class="companyPopupTrigger" rel="992">LON:MARL</a>,</strong> TSE:MRY<strong>)</strong> is encouraged by the latest exploration results from its Los Amigos gold project in southern Argentina, which indicated economic grade gold and silver mineralisation.</p>
<p>Operator of the joint venture project <strong><a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/Hochschild+Mining" class="companyPopupTrigger" rel="8676">Hochschild Mining</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/8676/hochschild-mining-8676.html" class="companyPopupTrigger" rel="8676">LON:HOC</a>)</strong> was focused on the Bajo target area in the second half of 2011.</p>
<p>Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.</p>
<p>The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.</p>
<p>More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.</p>
<p>“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.</p>
<p>Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.</p>
<p>The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.</p>
<p>“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.</p>
<p>Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.<br /><br />In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.</p>
<p>At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 09:08:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39765/mariana-resources-encouraged-by-los-amigos-exploration-results-39765.html</guid>
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The campaign will test new targets identified adjacent to, below and outside the current initial resource estimate for the Calandria Sur deposit as well as two outlier targets at the Nido Este and Pichones prospects.
According to the company, the information from this drilling programme will be “fundamental in the design of a more extensive drill campaign to be carried out in the second half of the year.
“This next campaign follows very encouraging target definition work over the last four months which has defined a mix of both high grade and bulk tonnage style targets,” said chairman of Mariana John Horsburgh.
The Las Calandrias project is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.
The company had previously told investors that the re-sampling of drill holes at Calandria Sur indicated expansion potential with the company awaiting results from another 25 holes.
Drill target definition, ground magnetics, trenching and rock chip sampling are nearing completion at the deposit.
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During the first quarter of the year, Mariana was focused on defining drill targets on both projects, where diamond drilling is scheduled for May and June.
At Las Calandrias, re-sampling of drill holes at Calandria Sur has indicated expansion potential with the company awaiting results from another 25 holes. Drill target definition, ground magnetics, trenching, rock chip sampling nearing completion at the deposit.
Meanwhile, geophysical data, sampling and trenching have indicated high grade targets at Aguila-Picadero.
“This quarter, Mariana’s exploration team is to be highly commended on breakthroughs at Las Calandrias and positive target definition work at Aguila-Picadero, both of which have significant value-adding potential,” said chairman of Mariana John Horsburgh.
Elsewhere, the company completed the acquisition of IAMGOLD’s 30 percent stake in the the Sierra Blanca gold-silver project, where the 2011 drilling programme opened up new targets at Vetarron and Lucila-Trafwe-Chala.
On the financial front, Mariana has reduced its losses to £1.04 million from £1.14 million a year earlier and had £4.6 million in the bank at the end of March.
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Horsburgh has purchased 500,000 shares in Mariana worth £36,250 to take his shareholding to 3.99 million shares, representing a 1.73 percent stake in the company.
The purchase price of 7.25 pence represents a premium of 3.5 percent to Tuesday’s closing price of seven pence per share.
This morning, shares in Mariana climbed two percent to 7.13 pence, giving the company a market cap of £16.45 million.
Horsburgh bought the shares on Tuesday, the same day when Mariana said it had found potentially more gold and silver on its Las Calandrias prospect in Argentina.
Mariana said it re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.
The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.
Today, Fox-Davies said it expects these sampling results to be included in any upcoming resource modelling along with the Phase IV drilling, which should serve to increase the ounces of the deposit.
The broker decided to repeat its 'buy' recommendation on the stock with a punchy target price of 22 pence per share.
]]>Mariana re-sampled 15 of 40 holes and discovered new zones of vein/stockwork gold-silver mineralisation in silicified volcaniclastics.
The mineralisation extends laterally and below the NI 43-101 compliant initial resource of 441,000 gold/silver ounces at the rhyolite-hosted bulk tonnage Calandria Sur prospect, it added.
These holes were previously considered low quality. The best gold intersections included 52m @ 0.5 g/t Au from 8m, 7m @ 0.9 g/t Au from 17m and 8m @ 1.0 g/t Au from 15m.
The Calandria Sur mineralised system now extends over an area of 800m NW-SE by 600m NE-SW and up to 170m below surface, Mariana added.
Intensive further target definition is underway at Las Calandrias with integrated results expected this month and Phase V drilling scheduled by end June and early July.
John Horsburgh, chairman, said, "These positive first results of the re-sampling programme indicate further gold and silver below and adjacent to the Calandria Sur rhyolite dome resource, in rock types initially considered to be barren.
"This, together with numerous volcaniclastic-hosted intersections already reported, greatly enhances the potential to expand the Calandria Sur mineralised system in the next drill programme with a view to increasing the resource."
The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.
]]>Gold explorer Mariana Resources (LON:MARL,TSX:MRY) believes the major milestones achieved during 2011 have given it a good base to advance its flagship Las Calandrias and other South American projects in the coming year.
Mariana added it intends to start follow up drilling at Las Calandrias, which is in Argentina, in the next few months, along with detailed mapping, rock chip sampling and re-assaying of volcaniclastics drill core.
This will further define new targets recently identified along the northbeastern Calandria Sur dome margins, the newly discovered El Clavo breccia zone and adjacent country rock volcaniclastics.
Mariana posted a loss before tax of £4.3 million in 2011, up from £3.8 million in 2010. The group ended the year with cash and cash equivalents of just under £6 million.
The Las Calandrias project in the Deseado Massif, Santa Cruz Province in Patagonia, Argentina is estimated to have a preliminary resource of 519,000 ounces of gold equivalent.
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Operator of the joint venture project Hochschild Mining (LON:HOC) was focused on the Bajo target area in the second half of 2011.
Scout drilling on the target intersected shallow gold mineralisation including intervals of 10.2 metres grading 1.2 grammes per tonne (g/t) gold and seven g/t gold from a depth of 9.2 metres and one metre at 6.9 g/t gold and 10.5 g/t silver.
The company added that recent rock chip sampling has highlighted the Amigos structure as a new priority target. The results received from Amigos included intersections of five g/t gold and 680 g/t silver.
More exploration is planned at Los Amigos for 2012 including mapping, induced polarisation, trenching and channel sampling to define drill targets.
“The gold intersection at Bajo and new Amigos target in the Los Amigos joint venture are encouraging,” said executive chairman of Mariana John Horsburgh.
Mariana also updated investors on its activities in Chile, where the results of mapping have indicated potential for high sulphidation gold-silver deposits and possibly a deeper copper-gold-molybdenum mineralisation.
The company holds an option to acquire a 100 percent interest in Jiguata before December 2014 with scheduled payments totalling US$300,000 and a final option payment of US$1.2 million.
“While Mariana's main objective remains its core projects in Santa Cruz province, Argentina, the company's focused programme for epithermal precious metals in northern Chile is highlighted by the Jiguata Project while maintaining exposure to ‘company-maker’ copper-gold exploration operated and funded by Cliffs,” added Horsburgh.
Elsewhere in Chile, weak gold and silver anomalies at Mariana’s wholly owned Corcovado concessions could indicate precious metal deposition at depth. Low sulphidation epithermal targets there will be tested by reverse circulation and diamond drilling.
In other news from Mariana’s Chilean projects, it has elected not to proceed with the option agreement with the holder of the Tolita property because of access problems on the part of some landowners.
At the end of last quarter, Mariana decided to dilute its interest in SCM Tierra Noble, the operator of Perro Chico and Buenaventura projects, from 30 percent to 23.5 percent, to focus on its key projects in the Santa Cruz province of Argentina.
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