Mariana Resources Limited: Increase in Director's Shareholding
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/04/12 -- Executive Chairman John Horsburgh purchased 500,000 shares in Mariana Resources Limited (TSX: MRY)(AIM: MARL)(PLUS: MARL) at a cost of 7.25 pence per share plus transaction costs on 3rd. April 2012. The shares were purchased on-market and will be registered in the account of J.M. Finn Nominees Ltd. The purchase takes his holding in Mariana Resources Ltd to 3,987,502 shares, representing 1.73% of the Company's issued shares.
For further information please visit website at www.marianaresources.com.
About Mariana Resources
Mariana Resources Ltd is an AIM and TSX quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In southern Argentina, in addition to the advanced Las Calandrias gold-silver project, the Company has the Sierra Blanca silver-gold project (100%); the Los Amigos joint venture (49%) with Hochschild Mining and staked a 215,000 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 km2 area ("SCM Mariana Area") in north-central Chile along the highly prospective Atacama Fault Zone. The SCM Mariana Area includes the 44km2 Buenaventura and 46km2 Perro Chico IOCG projects. Mariana is also evaluating a number of gold-silver and copper-gold opportunities independent of and outside the Cliffs JV area.
Incorporated in Guernsey registered number 44276.
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Contacts:
In Australia:
Mariana Resources Ltd
John Horsburgh (Chairman)
+61 2 94374588
Mariana Resources Ltd
Glen Parsons (CFO)
+612 94374588
RFC Corporate Finance Limited (Nomad)
Rob Adamson
+61 2 9250 0041
RFC Corporate Finance Limited (Nomad)
Will Souter
+61 2 9250 0050
In U.K.:
Fox Davies Capital (Co UK Broker)
Jonathan Evans
+44 20 3463 5000
St Brides Media and Finance Ltd (PR)
Felicity Edwards
+44 20 7236 1177
Ambrian Partners
Klara Kaczmarek
+44 20 7634 4725
In Canada:
Mariana Resources Ltd (Vancouver Office)
Kathryn Witter
+1 604 669 9336
Renmark Financial Communications (PR)
Arash Shahi
+1 514 939 3989
