🕐05.01.11 - 09:54 Uhr

Mariana Resources - Drilling confirms Las Calandrias Gold-Silver Project Bulk To
nnage Potential - sp 52p target price 64p



FinnCap Research - Mariana Resources* Unlocking growth through assay results CORP For us, the release of the second and final batch of assays from 28 mostly infill holes at the Calandria Sur goldfield in Patagonia increases our confidence that the preliminary resource, now due in Q1/Q2, will not disappoint.

In anticipation that the majority of this forthcoming resource will be sufficiently de-risked to be classified as indicated and of the significant exploration potential over the 11km2 Las Calandrias land package where drilling for additional goldfields at Calandria Norte and El Nido is ongoing, we increase our valuation to 64p per share.

Research note attached. Analyst: Joe Lunn
AIM and PLUS code: MARL 5 January 2011 Mariana Resources Ltd Drilling Confirms Bulk Tonnage Potential of Calandria Sur Gold-Silver Mineralisation, Las Calandrias Project, Southern Argentina Mariana Resources Ltd (Mariana or the Company), the AIM quoted exploration and development company focussed in Argentina and Chile, announces further wide gold-silver intersections from the third diamond drilling campaign at the Calandria Sur Prospect (Calandria Sur), which is one of several key target areas at the Companys 100% owned flagship Las Calandrias Gold-Silver Project (Las Calandrias), located in the prospective Deseado Massif gold district in southern Argentina. Overview
* Results from final 28 holes of the 2010 55 hole diamond drilling campaign indicate a robust bulk tonnage style gold silver deposit hosted by the Calandria Sur rhyolite dome * Best intersection of 104m @ 1.3 g/t gold (Au) & 19 g/t silver (Ag) from 9m including 19m @ 2.3 g/t Au & 48 g/t Ag from 27m (CSD106) * Other results included 102.5m @ 1.0 g/t Au & 18 g/t Ag from 3.5m (CSD100) and 76m @ 1.3 g/t Au & 17 g/t Ag from 13m (CSD105) * Areal extent of coherent gold mineralisation (as defined by drill holes with +10gm.m* Au) increases to 600m NW-SE by 250-300m NE-SW with a 350m x 100-150m +50gm.m Au core * Mineralisation remains open both to the NW (CSD115 - 28m @ 1.0 g/t Au 19 g/t Ag & 10.5m @ 0.6 g/t Au 25 g/t Ag) and to the NE into adjacent pyroclastics (CSD84 - 43m @ 0.7 g/t Au) * Silver gm.m plan shows a significant 450m x 200m area of +500gm.m Ag with a 400 x 100-150m +1000gm.m Ag core, coincident with the +50gm.m Au zone * Resource modelling at Calandria Sur to commence January 2011 leading to a preliminary resource estimate Q1/Q2 2011 * Preliminary metallurgical testwork continues with results expected Q1 2011 * Drill testing of high grade vein-breccia targets at Calandria Norte Prospect completed (5,000m) - results of 19 holes imminent * Exploration drilling underway at El Nido prospects with two rigs testing new 3D IP targets including Nido Norte and Nido Oeste (6,000m) - first results expected in mid February 2011 Commenting today, Chairman John Horsburgh said, "These results further confirm the bulk tonnage potential at Calandria Sur and show the areal extent of +10g-m gold mineralisation to be 600m long by up to 300m wide.

Resource modeling is commencing this month which will lead to a preliminary NI 43-101 resource estimate Q1/Q2 2011. "Drill results from the Calandria Norte bonanza grade targets are expected shortly.

Additionally, emphasis has already shifted to exploration drilling of encouraging 3D IP targets at El Nido, including Nido Norte and Nido Oeste.

Drill targeting is also in progress for the Nido Sur area following very positive 3D IP results from the second survey block.

These excellent prospects all offer scope to enhance the economic potential of Las Calandrias and we can look forward to further drill results over the next quarter." Calandria Sur In the three drilling campaigns at Calandria Sur commencing the last quarter of 2009, Mariana has drilled 92 diamond drill holes for a total of 10,269 metres.

The drilling programme in 2010 consisted of 6,186m in 55 holes.

Of these, 41 holes were drilled in the main zone on 50 x 25m spacings, i.e.

sufficient for an NI 43-101 compliant resource estimate.

Results for the remaining batch of 28 of 55 infill and exploratory holes demonstrate a robust bulk tonnage style disseminated mineralised system centred on the core of the Calandria Sur rhyolite dome.

The best intersection from the second batch of results from the 55 hole diamond drilling programme was 104m @ 1.3 g/t Au & 19 g/t Ag from 9m including 19m @ 2.3 g/t Au & 48 g/t Ag from 27m (CSD106). The 2010 drilling substantially increased the areal extent of gold mineralisation (as defined by drill holes with +10g-m Au) from that contemplated after the 2009 scout drilling to 600m NWSE by 250-300m NE-SW with a 350 x 100-150m +50gm-m Au core.

The silver g-m plan shows a significant 450 x 200m area of +500g-m Ag with a 400 x 100-150m +1000g-m Ag core, coincident with the 50g-m Au zone.

The top of the mineralised zone is located at shallow depths, mostly within 2m to 50m below surface. Mineralisation is open both to the NW (CSD115 - 28m @ 1.0 g/t Au 19 g/t Ag & 10.5m @ 0.6 g/t Au 25 g/t Ag) and to the NE into adjacent pyroclastics (CSD84 43m @ 0.7 g/t Au).

To the SE, the Calandria Sur mineralisation, as defined by +10g-m Au, extends across the concession boundary with the Companys neighbour Minera IRL into its Escondido area, where similar rhyolite-hosted gold mineralisation has been reported (see Minera IRL website www.minerairl.com). Best results from the second and final batch (28 holes of the 2010 55 hole drilling programme) at Calandria Sur include:
* CSD97 - 25m @ 2.7 g/t Au & 108 g/t Ag from 4 m incl.

3m @ 9.3 g/t Au & 475 g/t Ag from 58m * CSD98 - 34.5m @ 1.1 g/t Au & 43 g/t Ag from 29m, incl.

12m @ 2.1 g/t Au & 75 g/t Ag from 48m. * CSD99 - 74m @ 0.9 g/t Au & 17 g/t Ag from 36m, incl.

1m @ 11.1 g/t Au & 102 g/t Ag from 82m * CSD100 - 102.5m @ 1.0 g/t Au & 18 g/t Ag from 3.5m, incl.

20 m @ 2.3 g/t Au & 56 g/t Ag from 60m * CSD105 - 76m @ 1.3 g/t Au & 17 g/t Ag from 13m, incl.

1 m @ 35 g/t Au & 105 g/t Ag from 59m * CSD106 - 104m @ 1.3 g/t Au & 19 g/t Ag from 9m, incl.

19 m @ 2.6 g/t Au & 48 g/t Ag from 27m * CSD108 - 34.5m @ 2.2 g/t Au & 60 g/t Ag from 29m, incl.

6 m @ 6.1 g/t Au & 155 g/t Ag from 52m * CSD113 - 24m @ 1.2 g/t Au & 19 g/t Ag from 48m, incl.

1 m @ 11.4 g/t Au & 69 g/t Ag from 61m * CSD114 - 25m @ 1.4 g/t Au & 142 g/t Ag from 68m, incl.

0.5 m @ 24.1 g/t Au & 2520 g/t Ag from 92m * CSD115 - 28m @ 1.0 g/t Au & 19 g/t Ag from 3m * CSD121 - 21.6m @ 1.5 g/t Au & 10 g/t Ag from 30m, incl.

1 m @ 9.4 g/t Au & 21 /t Ag from 31m Calandria Norte and El Nido target areas Mariana completed the 5,000m Calandria Norte infill and exploratory drilling programme in Q4 2010 and results of 19 holes are expected shortly.

The drilling targeted extensions to previous bonanza grade gold-silver intersections (CND45 - 4.0m @ 76 g/t Au & 70 g/t Ag, CND46 - 4.5m @ 102 g/t Au & 72 g/t Ag and CND61 - 5.0m @ 34 g/t Au & 32 g/t Ag, see news releases dated 26/05/10 and 15/10/10).

In addition, Mariana scout drilled a new target in the north of the dome. Two rigs are presently deployed testing highly prospective 3D Induced Polarisation (IP) targets within the 3km x 2km Nido Norte 3D IP block, including Nido Norte and Nido Oeste.

Mariana has received preliminary 3D models of the Nido Sur IP survey west of the Nido Norte IP block.

Resistivity shows at least four discrete anomalies within a 1.5km x 1.25km area which, together with geological mapping, are interpreted to be rhyolite domes.

Associated with them are several 3D chargeability anomalies which are interpreted to be zones of stockwork/disseminated sulphide mineralisation and/or hydrothermal clay alteration in the subsurface.

Drill targeting is in progress and a total of 6,000m of diamond drilling is planned for the El Nido area. CALANDRIA SUR
HOLE PARAMETERS INTERCEPT OBJECTIVE HOLE UTME UTMN ALT AZ DIP DEPTH FROM TO CORE LENGTH GOLD SILVER
(masl) (�) (-�) (m) (m) (m) (m) (g/t) (g/t)
CSD08 613709 4724881 166 340 55 90.7 32.6 42.3 9.7 0.4 NSV
CSD09 613962 4724313 167 85 50 117.4 22.5 77.3 54.8 0.8 10
Inc
67.3 75.3 8.0 1.9 13
CSD10 613906 4724364 178 85 50 107.3 38.9 99.9 61 0.2 4
Inc
38.9 44.9 6 1.1 10
CSD11 613980 4724490 168 295 50 126.5 No significant intercept- hole remains in the volcaniclastic
CSD12 613887 4724425 176 90 60 94.8 19.3 24.85 5.6 1.9 25
CSD12
36.4 88.5 51.1 0.6 5
Inc
75 85.5 10.5 1.2 11
CSD13 613836 4724512 178 85 50 112.8 7.0 109.0 102.0 1.2 17
Inc
89 109 20.0 2.6 39
CSD14 613880 4724366 176 95 75 127.8 92 121.1 29.1 0.3 1
CSD15 613832 4724577 179 20 60 96.8 3.5 95 91.5 1.6 17
Inc
49 70 21 4.5 39
Inc
51 53 2 28.4 154
CSD16 613790 4724587 179 20 60 97.0 23 94 71 1.1 23
Inc
61 90 29 1.8 35
CSD17 613788 4724515 176 90 60 152.2 7 31 24 0.5 4
CSD17
83 147.5 64.5 1.1 20
Inc
90 113.6 23.55 2.0 40
CSD18 613827 4724470 176 75 50 137.5 67.5 131.0 63.5 1.2 20
Inc
91.5 119 27.5 2.2 34
CSD19 613838 4724542 179 70 65 109.6 40 103 63 0.6 11
Inc
89 100 11 1.0 6
CSD20 613888 4724510 179 90 50 77.5 39 77.5 38.5 1.7 13
Inc
40 45 5 7.2 14
And
64 65 1 12.1 164
CSD21 613747 4724505 175 90 75 158.0 2 111.5 109.5 0.8 19
CSD21
33 97 64 1.2 29
Inc
51 70 19 2.2 43
CSD22 613806 4724429 172 80 60 115.5 4.5 99 94.5 0.7 11
CSD22
4.5 39 34.5 1.3 20
Inc
7.5 18 10.5 2.3 12
CSD23 613821 4724533 178 20 70 131.5 47 116.5 69.5 2.1 39
Inc
81 103 22 4.4 79
CSD24 613779 4724536 179 15 70 119.0 12.5 114.5 102 1.4 21
Inc
77 109 32 2.9 42
CSD25 613757 4724455 170 75 50 143.0 74 142 68 2.4 24
inc
99 104 5 10.3 76
And
115 116 1 40.2 85
CSD26 613763 4724643 182 20 70 86.5 9 29 20 0.3 18
CSD26
54 85 31 1.4 7
Inc
54 55 1 9.6 20
CSD27 613730 4724574 177 10 70 113.5 4.5 98 93.5 0.9 23
Inc
69 89 20 1.6 42
CSD28 613734 4724689 184 15 70 92.5 No significant intercept
CSD29 613487 4724697 171 280 70 71.5 No significant intercept
CSD30 613491 4724702 171 350 70 81.5 No significant intercept
CSD31 613563 4724690 171 10 70 86.5 No significant intercept
CSD32 613616 4724686 178 10 70 116.0 31 101.5 70.5 0.5 22
Inc
49 64 15 1.0 41
CSD33 613675 4724677 183 15 70 116.3 37 72 35 0.4 19
And
92 107.5 15.5 0.5 6
CSD34 613524 4724707 170 10 70 85.5 36 42 6 0.5 65
CSD35 613611 4724630 175 10 70 107.5 42 48 6 0.8 14
And
70 86 16 1.3 27
CSD36 613657 4724620 179 10 70 127.0 16.5 99 82.5 1.1 34
Inc
62 78 16 2.3 100
CSD37 613664 4724568 179 20 70 131.0 3.5 124 120.5 0.9 17
Inc
6.5 40 33.5 1.2 26
And
99 100 1 14.8 58
CSD38 613646 4724523 177 20 70 119.0 32 74 42 0.8 31
CSD39 613704 4724616 179 20 70 113.0 3 109 106 1.6 27
Inc
59 71 12 2.5 89
CSD40 613735 4724534 174 20 70 125.0 31 116 85 0.9 24
CSD41 613869 4724441 176 75 80 116.0 78 92.5 14.5 0.6 5
CSD42 613885 4724382 177 260 60 139.8 52 56 4 2.1 32
CSD42
69 115.5 46.5 0.4 4
CSD43 613877 4724331 174 260 60 160.3 62 122 60 0.4 4
CSD44 613758 4724804 174 30 65 80.0 No significant intercept
CSD65 613789 4724461.43 175 85 50 194.8 31.5 39.0 7.5 0.6 7
And
67.0 115.0 48.0 0.8 15 Exploratory Inc
88 101 13.0 1.3 21
CSD66 613701 4724445.06 172 85 50 203.6 22.0 26.0 4.0 0.6 19 Exploratory And
124.0 133.0 9.0 0.6 3
CSD67 613759 4724514.45 182 85 60 192.0 40.5 129.0 88.5 1.0 25 Exp-Infill between CSD17-21 Inc
114 127 13.0 2.0 60
CSD68 613755 4724429.77 170 87 60 129.0 93.0 109.0 16.0 0.6 4 Exploratory CSD69 613700 4724384.42 166 220 50 74.8 No significant intercept Exploratory CSD70 613675 4724431.48 169 220 60 90.0 23.0 51.5 28.50 0.4 3 Exploratory_Western Zone CSD71 613862 4724471.5 184 85 50 125.8 68.0 113.5 45.5 1.2 23 Exp-infill updip CSD18 Inc
76 80 4.0 4.6 94
CSD72 613410 4724502.59 159 220 60 90.0 No significant intercept-hole in the volcanics Exploratory_Western Zone CSD73 613627 4724594.88 181 20 60 129.0 3.0 104.0 101.0 1.0 28 Exploratory_Western Zone Inc
58 70 12.0 2.4 75
CSD74 613613 4724545.98 181 20 60 78.0 18 61.5 43.5 0.6 17 Exploratory_Western Zone CSD75 613582 4724608.62 179 20 60 119.0 77 95 18.0 0.9 33 Exploratory_Western Zone CSD76 613563 4724562.62 177 20 60 66.0 No significant intercept Exploratory_Western Zone CSD77 613573 4724506.6 177 20 60 81.0 28 44 16.0 1.0 48 Exploratory_Western Zone And
48 61 13.0 0.6 28
CSD78 613609 4724468.35 171 20 60 81.0 60 65 5.0 0.5 58 Exploratory_Western Zone CSD79 613515 4724583.57 175 20 60 117.0 52 53 1.0 1.2 62 Exploratory_Western Zone CSD80 613532 4724628.34 174 20 60 117.0 84.5 90.5 6.0 0.3 35 Exploratory_Western Zone CSD81 613578 4724454.92 166 20 50 122.8 No significant intercept-hole remains in the volcaniclastic Exploratory_Western Zone CSD82 613641 4724485.29 176 20 70 111.0 64.5 73.5 9.0 1.3 11 Exploratory_Western Zone CSD83 613857 4724565.33 186 20 60 102.0 26.5 70.4 43.9 1.1 17 Exploratory_Northeast Zone CSD84 613874 4724615.21 180 20 60 69.0 13 19 6.0 1.3 6 Exploratory_Northeast Zone And
26 69 43.0 0.7 3
CSD85 613890 4724576 182 20 60 90.0 27 79 52.0 0.6 4.4 Exploratory_Northeast Zone CSD86 613824 4724552 185 20 65 120.0 20 104.5 84.5 2.4 37 Infill: between CSD15 & CSD23
49 84 35.0 4.8 75
CSD87 613841 4724600 184 20 60 116.9 11.6 84.85 73.3 1.0 15 Infill: Updip CSD15
48 55 7.0 2.2 30
CSD88 613850 4724627 182 20 60 81.7 33.5 50.2 16.7 1.0 17 Infill: Updip CSD87 Inc
33.5 34.15 0.6 16.4 337
CSD89 613777 4724566 186 20 65 105.8 27 96.5 69.5 1.1 19 Infill: between CSD16 & CSD24 Inc
59 77 18.0 2.2 42
CSD90 613795 4724614 185 20 60 110.5 27 90 63.0 0.6 11 Infill: Updip CSD16
60 68 8.0 1.9 24
CSD91 613804 4724642 184 20 60 87.0 14 36 22.0 0.5 9 Infill: Updip CSD90 CSD92
Abandoned due to technical problems- CSD93 CSD93 613809 4724505 179 20 70 146 83 118.5 35.5 0.3 12 infill: behind CSD23 CSD94 613775 4724410 173 20 70 137 61 67 6.0 2.1 146 Infill: behind CSD96 And
73 74.5 1.5 2.1 123
And
94 101 7.0 0.7 4
And
114 120 6.0 0.6 2
CSD95 613743 4724471 177 20 70 152.7 49 71 22.0 1.1 32 Exploratory, southern-central part And
80 101 21.0 0.6 7
And
105 145.5 40.5 0.5 4
CSD96 613786 4724463 175 20 70 131.0 19 108.5 89.5 0.8 21 Infill: behind CSD93 Inc
88 96 8.0 2.3 54
CSD97 613702 4724493 174 20 70 112.6 47 72 25.0 2.7 108 Infill: behind CSD98 Inc
58 61 3.0 9.8 475
CSD98 613709 4724513 175 20 70 143.8 29 63.5 34.5 1.1 43 Infill: behind CSD99 Inc
48 60 12.0 2.1 75
CSD99 613716 4724535 178 20 70 140.9 36 110 74.0 0.9 17 Infill: behind CSD100 Inc
82 83 1.0 11.1 102
CSD100 613724 4724557 180 20 70 132.0 3.5 106 102.5 1.0 18 Infill: behind CSD27 Inc
60 80 20.0 2.3 56
CSD101 613740 4724606 184 20 70 130.6 5.7 29 23.3 0.7 6 Infill: updip CSD27 And
67 83 16.0 0.6 11
CSD102 613748 4724631 186 20 70 110.0 20 21 1.0 2.3 16 Infill: updip CSD101 And
36 40 4.0 0.7 58
CSD103 613767 4724680 187 20 70 110.6 53 75 22.0 0.8 9 Infill: updip CSD26 And
83.5 89.5 6.0 1.6 20
CSD104 613711 4724668 191 20 70 102.0 39 71 32.0 0.4 22 Infill: updip CSD105 CSD105 613703 4724645 189 20 70 120.4 13 89 76.0 1.3 17 Infill: updip CSD39 Inc
59 60 1.0 35.5 105
CSD106 613686 4724594 184 20 70 137.6 9 113 104.0 1.3 19 Infill: updip CSD37 Inc
27 46 19.0 2.6 48
CSD107 613665 4724543 183 20 70 146.1 31 64 33.0 0.9 35 Infill: updip CSD38 CSD108 613651 4724506 179 20 70 104.0 29 63.5 34.5 2.2 60 Infill: updip CSD82 Inc
52 58 6.0 6.1 155
CSD109 613668 4724707 185 20 70 101.6 24 30 6.0 0.9 3 Infill: updip CSD33 CSD110 613653 4724657 187 20 70 120.0 9.35 13 3.7 0.6 7 Infill: updip CSD36 And
87 106 19.0 0.4 14
CSD111 613620 4724571 181 20 70 101.8 37 47 10.0 0.5 33 Infill: updip CSD74 CSD112 613605 4724522 181 20 60 90.0 33 62.3 29.3 0.6 21 Infill: behind CSD74 CSD113 613592 4724489 176 20 60 87.3 8.6 15 6.4 0.9 34 Infill: behind CSD112 And
48 72 24.0 1.2 19
Inc
61 62 1.0 11.4 69
CSD114 613598 4724656 180 20 70 113.8 51 57 6.0 0.6 33 Infill: updip CSD75 And
68 93 25.0 1.4 142
Inc
92 92.5 0.5 24.1 2520
CSD115 613623 4724731 178 20 70 117.0 3 31 28.0 1.0 19 Exploratory-Northwestern part And
55.5 66 10.5 0.6 25
CSD118 613386 4724517 158 85 65 93.0 No significant intercept-hole remains in the volcaniclastic
CSD119 613693 4724467 171 20 70 93.0 50 83.2 33.2 0.7 24 Infill: behind CSD98 CSD120 613990 4724364 172 105 60 122.2 47 56 9.0 0.8 4 Exploratory-southeastern part north CSD09 CSD121 613893 4724538 181 85 60 64.6 30 51.6 21.6 1.5 10 Exploratory-southeastern part north CSD20 Inc
31 32 1.0 9.4 21
NB Intervals are weighted averages with 3m maximum < 0.2 g/t Au within the intervals. * g-m Au [Ag] = downhole intersection in metres x average gold [silver] grade in g/t Hole locations, intersection highlights and g-m contours for gold and silver are shown on the drill plans (see figures 1 and 2).

Assay histograms for gold and silver are shown on the cross sections. A report on preliminary metallurgical test work is expected Q1 2011, to be followed by a resource estimate, once all drill results have been modelled. **ENDS** For further information please visit website at www.marianaresources.com or contact the following. John Horsburgh (Chairman) Mariana Resources Ltd +61 2 94374588 Glen Parson (CFO) Mariana Resources Ltd +612 94374588 Rob Adamson RFC Corporate Finance Limited (Nomad) +61 2 9250 0041 Will Souter RFC Corporate Finance Limited (Nomad) +61 2 9250 0050 Joe Lunn (Analyst) FinnCap (Broker) +44 20 7600 1658 Matthew Robinson FinnCap (Broker) +44 20 7600 1658 Felicity Edwards St Brides Media and Finance Ltd (PR) +44 20 7236 1177 Hugo de Salis St Brides Media and Finance Ltd (PR) +44 20 7236 1177
ADDITIONAL INFORMATION Drilling is being undertaken by ECOMINERA.

The drill programme is being directed by the Argentina Exploration Manager, Dr Gustavo Rodriguez under supervision of Executive Chairman Mr John Horsburgh.

Exploration information in this announcement has been compiled by John Horsburgh who is a Fellow of the Australasian Institute of Mining and Metallurgy.

Mr Horsburgh has sufficient experience relevant to the style of mineralization and types of gold deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the JORC Code. Quality Assurance/Quality Control All technical information for the Companys Argentina projects is obtained and reported under a quality assurance and quality control (QA/QC) program.

All samples are collected under the supervision of the Company geologists and dispatched via commercial transport to ALS Chemex laboratories in Mendoza, Argentina, and assayed in Santiago de Chile.

ALS Chemexs quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999.

Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses.

Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability. About Mariana Resources Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile.

In Southern Argentina, in addition to the Las Calandrias gold-silver discovery, the Company has the Sierra Blanca silver-gold prospect (70%); the Los Amigos joint venture (49%) with Hochschild Mining and a 160,000 Ha land package (100%).

All of these projects are located in the Deseado Massif epithermal gold-silver district in mining-friendly Santa Cruz province of southern Argentina, which hosts four mines and several advanced projects. In Chile, Mariana has a joint venture with US based international mining and natural resources company Cliffs Natural Resources Inc., to explore for Iron Oxide-Copper-Gold deposits (IOCG) in a 92,000 km� area (SCM Mariana Area) in north-central Chile along the highly prospective Atacama Fault Zone.

The SCM Mariana Area includes the 44km� Buenaventura and 46km� Perro Chico IOCG projects.

Mariana is also evaluating a number of gold-silver and copper-gold opportunities away from the Cliffs JV area, as part of a new initiative.
Felicity Edwards St Brides Media and Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY Tel: +44 (0) 207 236 1177 Mob: +44 (0) 7748 843871 Fax: +44 (0) 207 236 1188 Email: Web: www.stbridesmedia.co.uk



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