Mariana Resources Investor Presentation- 20th June 2012
Mariana Resources Investor Presentation- 20th June 2012
Mariana Resources Investor Presentation- 20th June 2012
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1 !<br />
DISCOVERING GOLD & SILVER – DESEADO MASSIF, SOUTHERN ARGENTINA!<br />
Proactive <strong>Investor</strong>s One2One <br />
<strong>Investor</strong> <strong>Presentation</strong>!<br />
<strong>June</strong> <strong>2012</strong>!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Disclaimer!<br />
2 !<br />
The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000.<br />
Reliance on this promotion for the purposes of engaging in any investment activity may expose an individual to a significant risk of losing all of the<br />
property or other assets invested.<br />
This presentation (“<strong>Presentation</strong>”) relating to <strong>Mariana</strong> <strong>Resources</strong> Limited (the “Company”) does not constitute or form part of, and should not be<br />
construed as an offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in the Company in any<br />
jurisdiction. Neither the <strong>Presentation</strong>, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis<br />
of or be relied on in any connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or<br />
make and other commitment whatsoever in relation to any such securities. In particular, details included in this <strong>Presentation</strong> are subject to updating,<br />
revision, further verification and amendment and refer to events as having occurred which have not occurred at the date of this <strong>Presentation</strong> but which<br />
are expected to happen in the future. Any decision to purchase or subscribe for securities in the Company should be taken on the basis of information<br />
to be contained in the admission document to be issued in due course. This presentation does not constitute a recommendation regarding the<br />
securities of the Company.<br />
The contents of this <strong>Presentation</strong> are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or<br />
distributed by recipients to any other person. No reliance may be placed for any purpose whatsoever on the information or opinions contained in the<br />
<strong>Presentation</strong> or on its completeness, accuracy or fairness. No representation or warranty, express or implied, is made or given by or on behalf of the<br />
Company or its directors, officers, employees, agents or advisers as to the accuracy, completeness, or fairness of the information or opinions<br />
contained in the <strong>Presentation</strong> and no responsibility or liability is accepted by any of them for any such information or opinions.<br />
This presentation is exempt from the general restrictions in section 21 of the Financial Services and Markets Act 2000 (“FSMA”) on the<br />
communication of invitations or inducements to engage in investment activity on the ground that it is only being made to or directed at persons who fall<br />
within the exemptions contained in article 19(1) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order<br />
2005 (the “Order”) and persons who are otherwise permitted by law to receive it (together “relevant persons”). This document must not be acted on<br />
or relied on by persons who are not otherwise permitted by law to receive it (together “relevant persons”). This document must not be acted on or<br />
relied on by persons who are not relevant persons. Any recipient of this <strong>Presentation</strong> who is not a relevant person should return this <strong>Presentation</strong> to<br />
the Company immediately, not attend the presentation and take no other action.<br />
The information contained in this <strong>Presentation</strong> is not for publication or distribution to persons in the United States of America and it’s territories or<br />
possessions or to any US person (within the meaning of Regulation S under the US securities Act of 1933, as amended). Neither this <strong>Presentation</strong> nor<br />
any copy of it may taken or transmitted to Ireland or Japan or to any securities analyst or other person in any of those jurisdictions. Any failure to<br />
comply with this restriction may constitute a violation of United States, Irish or Japanese securities law. The distribution of this <strong>Presentation</strong> in any<br />
other jurisdictions may be restricted by law and persons into whose possession this <strong>Presentation</strong> come should inform themselves about, and observe<br />
such restrictions.<br />
By attending this presentation, you agree to be bound by the restrictions in this disclaimer.<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Investment Snapshot – Focus Santa Cruz!<br />
3 !<br />
Major shareholder AngloGold Ashanti (19.9%)!<br />
Flagship Las Calandrias <br />
Gold-Silver (100%)!<br />
– !dome-related epithermal system!<br />
– !519Koz AuEq initial resource !<br />
– !bulk tonnage and high grade !<br />
Advanced epithermal <br />
Gold-Silver exploration!<br />
– !Aguila-Picadero (option – 100%) – drill ready!<br />
– !Sierra Blanca (100%) – first discovery!<br />
– !Los Amigos JV (49%)!<br />
Santa Cruz <br />
– 215K Ha project pipeline (100%)!<br />
Northern Chile <br />
– Cliffs JV IOCG exploration <br />
– Jiguata HS gold exploration !<br />
Chile<br />
Neuguen<br />
Los<br />
Amigos<br />
SANTA<br />
CRUZ<br />
Rio Negro<br />
Chubut<br />
Las<br />
Calandrias<br />
Sierra<br />
Blanca Aguila-<br />
Picadero<br />
La Pampa<br />
Buenos<br />
Aires<br />
Argentina<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Key Data – AIM : MARL – TSX : MRY!<br />
4 !<br />
Capital structure (31 May <strong>2012</strong>) !<br />
Shares issued !! 230.8 M !!<br />
Options issued !! Directors and employees – 14.6 M !<br />
Others – 1.5 M !!<br />
Share price (19 <strong>June</strong> <strong>2012</strong>)! 5.375p / 11c !!<br />
Market capitalisation (19 <strong>June</strong> <strong>2012</strong>)! £12.4 M / C$25.4 M !!<br />
12 months high/low !! 26.5p / 4.63p !!<br />
Cash position (31 May <strong>2012</strong>) ! £2.9 M / C$4.5 M !!<br />
Brokers !! FoxDavies, RFC Ambrian Ltd !!<br />
Nominated advisor !! RFC Ambrian Ltd !!<br />
Top shareholders<br />
(31 May <strong>2012</strong>)<br />
AngloGold Ashanti Holdings PLC.! 19.9%!<br />
Hochschild Mining ! 4.8%!<br />
Craton Capital! 3.5%!<br />
Australian <strong>Investor</strong>s P/L ! 3.3%!<br />
Directors! 4.8%!<br />
11p<br />
8p<br />
5p<br />
Dec 2011 Jan <strong>2012</strong> Mar <strong>2012</strong> April <strong>2012</strong> <strong>June</strong> <strong>2012</strong><br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
The <strong>Mariana</strong> Team – Discovery to Mine Building Experience!<br />
5 !<br />
John Horsburgh, Executive Chairman <br />
– RTZ, Billiton, Getty, Solpac, Cullen!<br />
Glen Parsons, Executive CFO <br />
– RFC, Neptune!<br />
Ray Angus, Executive COO <br />
– Cyprus, Newcrest, Monterrico!<br />
Randy Turner, Non-executive <br />
– Agip, Esso, Trimin, Silver Quest, Winspear Diamonds!<br />
Chris Mitchell, Non-executive <br />
– Constellation Copper, CoCa Mines, Orvana, Viceroy, <br />
Endurance Gold, First Point Minerals, Skyline Gold!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Why Santa Cruz?!<br />
6 !<br />
Gold-silver mining province – 4 mines!<br />
2 major developments!<br />
8 advanced projects!<br />
Major and mid-tier companies!<br />
Deseado Massif – Jurassic volcanic <br />
complex, same size as Ireland!<br />
High prospectivity – limited <br />
exploration history 26Moz AuEq since 1990s!<br />
Moz Au Eq<br />
12<br />
10<br />
8<br />
6<br />
4<br />
DESEADO MASSIF – ENDOWMENT AU EQ<br />
Mine<br />
Major Development<br />
PERITO MORENO<br />
BAJO<br />
CARACOLES<br />
Cap Oeste<br />
Patagonia Gold<br />
Deseado Massif<br />
Mines<br />
Advanced Projects<br />
<strong>Mariana</strong> Projects<br />
<strong>Mariana</strong> Areas<br />
50km<br />
Cerro Negro<br />
Goldcorp<br />
San Jose<br />
Hochschild<br />
Minera Andes<br />
Los Amigos<br />
<strong>Mariana</strong> 49%<br />
GOB<br />
GREGORES<br />
Sierra Blanca<br />
<strong>Mariana</strong> 100%<br />
Mina<br />
Martha<br />
Coeur<br />
Pinguino<br />
Argentex<br />
Manantial<br />
Espejo<br />
Pan American Silver<br />
LAS HERAS<br />
PICO TRUNCADO<br />
Don<br />
Nicolas<br />
Minera IRL<br />
TRES CERROS<br />
Cerro<br />
Vanguardia<br />
AngloGold Ashanti<br />
CALETA OLIVIA<br />
FITZ ROY<br />
JARAMILLO<br />
Las Calandrias<br />
<strong>Mariana</strong> 100%<br />
PUERTO SAN JULIAN<br />
Cerro Moro<br />
Extorre<br />
Aguila-Picadero<br />
<strong>Mariana</strong> 100%<br />
PUERTO<br />
DESEADO<br />
2<br />
1<br />
0<br />
Co Van – Anglo<br />
Co Negro – Goldcorp<br />
San Jose – HM/McEwen<br />
Co Morro – Extorre<br />
Manantial Esp – Pan Am<br />
Cap Oeste/COSE – Patagonia<br />
Joaquin – Coeur/Mirasol<br />
Pinguino – Argentex<br />
Calandrias – <strong>Mariana</strong><br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
Martha – Coeur<br />
Don Nicolas – Min IRL<br />
Lomada de Leiva – Patagonia<br />
Josephina – Hunt<br />
TSX: MRY • AIM: MARL!
Santa Cruz Exploration – Grassroots!<br />
7 !<br />
Reconnaissance"<br />
Prospect Inspection"<br />
Geologoical Mapping"<br />
Geochemical LAG Sampling"<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Santa Cruz Exploration – Targeting!<br />
8 !<br />
Channel Sampling"<br />
Trenching"<br />
IP Geophysical Survey"<br />
Diamond Saw <br />
Channel Sampling"<br />
Scout Drilling"<br />
Outlying Drill Camp"<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Santa Cruz Exploration – Resource Stage!<br />
9 !<br />
Base Camp"<br />
Diamond Drilling"<br />
Nightshift"<br />
When the market visits"<br />
Diamond Drill Core Inspection"<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Las Calandrias – Grass Roots Gold-Silver Discovery – 100%!<br />
10 !<br />
EL<br />
BOZAL<br />
IV<br />
EL<br />
BOZAL II<br />
EL BOZAL<br />
III<br />
EL BOZAL I<br />
LAS CALANDRIAS<br />
PROJECT<br />
8 km<br />
LAS<br />
CALANDRIAS<br />
Rhyolite Domes<br />
Volcaniclastics<br />
Drill Holes<br />
Vein-breccia<br />
Magnetic Linears<br />
Intrusive at Depth?<br />
Resource Outline<br />
TONGORIL I<br />
Pichones<br />
El Nido Oeste<br />
El Nido Centro<br />
El Nido Este<br />
0 250 500<br />
metres<br />
El Nido Norte<br />
La Despreciada Zone<br />
Calandria Norte<br />
Large dome system <br />
– bulk tonnage & <br />
high grade potential!<br />
41,000m – 311 holes !<br />
Indicated 11.84Mt @ <br />
1.2 g/t AuEq (17 g/t Ag)!<br />
Inferred 0.87Mt @ <br />
1.0 g/t AuEq (5 g/t Ag)!<br />
Concession boundary<br />
El Nido Sur<br />
La Calandria<br />
Vein-Breccia<br />
Calandria Sur Zone<br />
Calandria Sur<br />
519K oz AuEq Initial <br />
Resource – 491K <br />
Indicated & 28K Inferred <br />
43-101 compliant!<br />
Nearest settlement – 75km !<br />
Estancia – purchased 2011 !<br />
Highway – 18km!<br />
Gas pipeline – 14km!<br />
New grid power – 15km !<br />
Airstrip – 15km!<br />
Puerto Deseado – 3 hours!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur Dome-Hosted Gold-Silver Resource!<br />
11 !<br />
Top 3 intersections:!<br />
– 69.5m @ 2.8 g/t AuEq!<br />
– 106m @ 2.1 g/t AuEq!<br />
– 84.5m @ 3.0 g/t AuEq !<br />
First major bulk tonnage discovery in Deasado Massif!<br />
OXIDE<br />
ESCONDIDO<br />
(Minera IRL)<br />
PRIMARY<br />
CALANDRIA SUR FLOW DOME!<br />
100m<br />
CALANDRIA SUR: GOLD EQ > 0.5 G/T MODEL!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Initial Resource 441K oz AuEq Indicated/Inferred!<br />
12 !<br />
Resource estimate – 43-101 Compliant!<br />
92 diamond holes – 50 x 25m <br />
– MDA, Reno – 11/7/11!<br />
Indicated – <br />
11.0Mt @ 1.21 g/t AuEq (6.5Moz Ag)!<br />
Inferred – <br />
0.5Mt @ 0.90 g/t AuEq!<br />
30% Au & Ag – oxide / transition!<br />
Met testwork recoveries<br />
Oxide:<br />
– heap leach – 79.5% Au & 54.5% Ag<br />
– carbon-in-leach – 94.6% Au & 89.6% Ag<br />
Primary:<br />
– selective flotation – 82.1% Au & 82.9% Ag<br />
– sulphide con. @ 1.5ozs gold 25ozs silver pt<br />
DRILL PLAN!<br />
SSW<br />
42 m @ 0.8 g/t Au<br />
31 g/t Ag<br />
33 m @ 0.9 g/t Au<br />
35 g/t Ag<br />
120.5 m @ 0.9 g/t Au<br />
17 g/t Ag<br />
106 m @ 1.6 g/t Au<br />
27 g/t Ag<br />
NNE<br />
105<br />
104<br />
28<br />
Resource Outline<br />
Fault<br />
82<br />
Silver<br />
108<br />
Gold<br />
38<br />
107<br />
37<br />
106<br />
39<br />
32 m @ 0.4 g/t Au<br />
22 g/t Ag<br />
Diamond Drillhole Collars<br />
2009-2010 Collars<br />
Rhyolite Dome<br />
Volcaniclastics<br />
Base of<br />
Complete<br />
Oxidation<br />
34.5 m @ 2.2 g/t Au<br />
60 g/t Ag<br />
Resource<br />
Outline<br />
Rhyolite<br />
Dome<br />
9 m @ 1.3 g/t Au<br />
10.8 g/t Ag<br />
Fault ?<br />
104m<br />
113m<br />
76 m @ 1.3 g/t Au<br />
17 g/t Ag<br />
102m<br />
100m<br />
Volcaniclastics<br />
92.5m<br />
Faults<br />
zones<br />
200 metres<br />
111m<br />
119m<br />
131m<br />
120.4m<br />
?<br />
50m<br />
TYPICAL SECTION!<br />
146.1m<br />
104 m @ 1.3 g/t Au<br />
19 g/t Ag<br />
137.6m<br />
50m<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Resource Outline – July 2011!<br />
13 !<br />
Resource Outline<br />
Diamond Drillhole Collars<br />
2009-2011 Collars<br />
Rhyolite Dome<br />
Volcaniclastics<br />
442K oz!<br />
AuEq!<br />
200 metres<br />
Concession Boundary<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – 2011 Post Resource Drilling!<br />
14 !<br />
Resource Outline<br />
Diamond Drillhole Collars<br />
2009-2011 Collars<br />
2011 Post Resource<br />
Rhyolite Dome<br />
Volcaniclastics<br />
Volcanic Breccias<br />
442K oz!<br />
AuEq!<br />
200 metres<br />
Concession Boundary<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Resampling Previous Drill Holes!<br />
15 !<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Post Resource & Resampling Intersections!<br />
16 !<br />
Top 3 intersections:!<br />
– 48m @ 2.1 g/t AuEq!<br />
– 36m @ 1.9 g/t AuEq!<br />
– 40m @ 1.0 g/t AuEq!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Recent Drilling – Results awaited!<br />
17 !<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur – Volcaniclastic-Hosted Gold Mineralisation!<br />
18 !<br />
Volcaniclastic-hosted Stockwork/veinlets – CSD 222!<br />
Calandria Sur!<br />
La Picasa!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Minera IRL’s Escondido Discovery – Contiguous with Calandria Sur !<br />
19 !<br />
11,500m drilling over 1.6km!<br />
Best intersections:!<br />
– 100m @ 1.2 g/t Au 8 g/t Ag!<br />
– 16m @ 2.1 g/t Au 7 g/t Ag!<br />
– 20m @ 2.4 g/t Au 10 g/t Ag!<br />
– 0.7m @ 136 g/t Au 157 g/t Ag!<br />
Silver-rich mineralisation to SE!<br />
Escondido <br />
Minera IRL!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Calandria Sur-Escondido – Combined 1600m Strike!<br />
20 !<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
La Calandria Vein – High Grades – 74K ozs AuEq Resource!<br />
21 !<br />
Calandria Sur <br />
Rhyolite Flow Dome! Calandria Norte <br />
Rhyolite Dome !<br />
High grade vein-breccias!<br />
La Calandria <br />
Vein!<br />
Bonanza intersections:<br />
– 0.7m @ 360 g/t Au & 312 g/t Ag<br />
– 0.8m @ 450 g/t Au & 307 g/t Ag<br />
– 1.0m @ 139 g/t Au & 106 g/t Ag<br />
Fe sulphides + electrum<br />
500m vein breccia / stockwork trend<br />
Indicated 0.9Mt @ 2.3 g/t AuEq<br />
– 63,650 ozs AuEq<br />
Inferred 0.4Mt @ 1.2 g/t AuEq<br />
– 13,750 ozs AuEq<br />
High LeachWell recoveries<br />
(6 holes) – 90% oxide, 95%<br />
transition, 86% primary<br />
Hole 45!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Las Calandrias Domefield – Exploration Models!<br />
22 !<br />
Some Domefield Gold-Silver examples – Moz AuEq<br />
Guanajuato District, Mexico 24<br />
La Joya, Bolivia 5<br />
Delamar, Idaho 1.8<br />
Quartz Mountain, Oregon 1.7<br />
El Clavo<br />
Calandria Sur<br />
EXPLORATION MODEL<br />
La Picasa<br />
Loma Loma Verde Verde<br />
Calandria Norte<br />
La Morena<br />
La Calandria<br />
Pichones<br />
Phreatomagmatic/<br />
diatreme Breccia<br />
High grade<br />
targetHigh grade<br />
target<br />
?<br />
Western<br />
feeders<br />
Disseminated in<br />
rhyolite dome<br />
445,000 Oz Au Eq<br />
Eastern<br />
feeders<br />
?<br />
Dome<br />
margin<br />
Veinlets/stockworks Disseminated<br />
in volcaniclastics in volcaniclastics<br />
?<br />
Eastern<br />
feeders<br />
?<br />
?<br />
?<br />
?<br />
Dacite dome<br />
?<br />
?<br />
?<br />
High-grade<br />
structurally<br />
controlled<br />
78,000 Oz Au Eq<br />
Dacite<br />
dome<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Las Calandrias Domefield – Target Areas!<br />
23 !<br />
Multiple centres of mineralisation!<br />
Intact epithermal system!<br />
Mostly untested <br />
below 150m!<br />
Target areas: <br />
– domes <br />
– dykes <br />
– volcaniclastics <br />
– large breccias <br />
– structures <br />
– IP!<br />
TARGET AREAS!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Las Calandrias/Bozal/Tongoril – 500km 2 in Emerging Gold-Silver District!<br />
24 !<br />
<strong>Mariana</strong> first discovery late 2009!<br />
Subsequent discoveries!<br />
– !Escondido (Minera IRL) – dome-related!<br />
– !Falcon (Extorre) – volcaniclastic-hosted !<br />
– !El Monte (Renaissance-Agnico) <br />
– dome breccias!<br />
8 companies in district <br />
– consolidation potential!<br />
<strong>Mariana</strong> most advanced project <br />
and major land position!<br />
RENAISSANCE EL BOZAL II<br />
– AGNICO ARGENTEX<br />
EL BOZAL<br />
IV<br />
10 km<br />
EL MONTE<br />
LAS CALANDRIAS WEST<br />
– 60km 2 unexplored<br />
MINERA IRL<br />
EL BOZAL<br />
III<br />
EL BOZAL I<br />
MIRASOL<br />
BOZAL<br />
– Vein-breccias/stockworks/<br />
sulphide quartz veins<br />
– Up to 1.9 g/t Au 45-302 g/t Ag<br />
– Domal Structures<br />
LAS CALANDRIAS<br />
HOCHSCHILD<br />
– IAMGOLD<br />
IAMGOLD<br />
MINERA<br />
IRL<br />
PIUQUENES<br />
FALCON<br />
TONGORIL I<br />
EXTORRE<br />
PIUQUENES<br />
EXTORRE<br />
Domes /<br />
veins breccias<br />
Gold discoveries<br />
to date<br />
<strong>Mariana</strong><br />
TONGORIL I<br />
– High level epithermal<br />
quartz veins-breccias<br />
– Domes<br />
EXTORRE<br />
LAS CALANDRIAS<br />
MIRASOL<br />
FORMICRUZ<br />
– DESEADO<br />
ESCONDIDO<br />
FITZ ROY<br />
JARAMILLO<br />
Sierra Blanca<br />
TRES CERROS<br />
CERRO VANGUARDIA<br />
Las<br />
Calandrias<br />
CERRO MORO<br />
Aguila-<br />
Picadero<br />
PUERTO<br />
DESEADO<br />
PUERTO SAN JULIAN<br />
50km<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Bozal – Prospective Dome Complexes & Epithermal Veining!<br />
25 !<br />
25km NW<br />
Calandria Sur!<br />
Follow-up<br />
exploration Q3/4!<br />
ALOS LANDSAT!<br />
ASTER clay<br />
anomalies!<br />
2km!<br />
Target area – cluster rock chips<br />
0.2-1.9 g/t Au & 41-302 g/t Ag!<br />
– 1m epithermal veins !<br />
– Altered rhyolites!<br />
– High level chalcedonic veins!<br />
ALOS-PRISM/LANDSAT!<br />
2km!<br />
Domal Structures <br />
Chon Aike rhyolites!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Bozal – Northern Target Area!<br />
26 !<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Aguila-Picadero – Drill-ready Gold-Silver Project – 100%!<br />
27 !<br />
CERRO NEGRO<br />
Consolidated 34,000Ha !<br />
Aguila – 3.5km 2 target area !<br />
– !veins/breccias/disseminations/domes !<br />
– !widespread high AuAg rock chips !<br />
– !Newcrest 1990s / Coeur 2006-9!<br />
– !22m @ 1.4 g/t AuEq from 92m!<br />
– !0.9m @ 20.3 g/t AuEq from 299m!<br />
– !Calandria Sur style breccia targets <br />
up to 4.8 g/t Au!<br />
Picadero – 12.5km of quartz veins – <br />
rock chips to 8.4 g/t AuEq!<br />
2,000m+ drilling Spring <strong>2012</strong>!<br />
GOB GREGORES<br />
Deseado Massif<br />
Mines<br />
Advanced Projects<br />
<strong>Mariana</strong> Projects<br />
<strong>Mariana</strong> Claims<br />
Port<br />
50km<br />
Sierra Blanca<br />
MINA MARTHA<br />
TRES CERROS<br />
CERRO VANGUARDIA<br />
MANANTIAL ESPEJO<br />
PUERTO SAN JULIAN<br />
FITZ ROY<br />
JARAMILLO<br />
Las Calandrias<br />
CERRO MORO<br />
PUERTO<br />
DESEADO<br />
Aguila-<br />
Picadero<br />
Crustiform vein – 26 g/t Au <br />
3650 g/t Ag – Aguila Main!<br />
Rhyolite Breccia – 2 G/T Au – S Cristobal!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Sierra Blanca – Gold-Silver Discovery Adjacent to Pinguino!<br />
28 !<br />
CERRO NEGRO<br />
GOB GREGORES<br />
Sierra Blanca<br />
MINA MARTHA<br />
TRES CERROS<br />
CERRO VANGUARDIA<br />
MANANTIAL ESPEJO<br />
PUERTO SAN JULIAN<br />
FITZ ROY<br />
Aguila-<br />
Picadero<br />
JARAMILLO<br />
Las Calandrias<br />
PUERTO<br />
DESEADO<br />
CERRO MORO<br />
Deseado Massif<br />
Mines<br />
Advanced Projects<br />
<strong>Mariana</strong> Projects<br />
<strong>Mariana</strong> Claims<br />
Port<br />
Figure 2: Sierra Blanca RTP Magnetics<br />
50km<br />
SIERRA<br />
BLANCA<br />
<strong>Mariana</strong><br />
VETARRON<br />
CERRO<br />
BOLA<br />
2 km<br />
CHALA-ACHEN<br />
LUCILA<br />
TRANQUILO<br />
PLATA LEON<br />
Argentex<br />
PINGUINO<br />
Argentex<br />
40km NW AngloGold’s Cerro Vanguardia!<br />
Achen-Chala/Trafwe/Lucila/Vetarron 8.9km!<br />
Numerous ore-grade intersections!<br />
– !Central: 30.1m @ 2.2 g/t Au, 101 g/t Ag <br />
& 2.1m @ 15.9 g/t Au 38.5, g/t Ag !<br />
– !Splay: 11.0m @ 3.4 g/t Au, 385 g/t Ag!<br />
Lucila<br />
Trafwe<br />
Chala-Achen<br />
Extensive veins under cover (magnetics)!<br />
JV interest!<br />
Quartz-veins / breccias<br />
up to 0.3 g/t Au<br />
ACHEN<br />
TRAFWE<br />
LUCILA<br />
Vetarron<br />
4.5m @ 3.6g/t Au<br />
159 g/t Ag<br />
SIERRA BLANCA<br />
RTP Magnetics<br />
Low Mag Trend<br />
Target Areas<br />
0 1000<br />
meters<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
Advancing Santa Cruz Portfolio!<br />
29 !<br />
Main focus Eastern Deseado<br />
<br />
<br />
– Las Calandrias – resource base<br />
– Bozal/Tongoril – exploration targets<br />
– Aguila/Picadero – drill ready<br />
– Canadon Porfiado – grassroots targets<br />
Aurora Group – target area at El Rodeo<br />
Evaluation of outlying areas – JV<br />
and/or consolidation scope potential<br />
PERITO MORENO<br />
BAJO<br />
CARACOLES<br />
Cabestro Group<br />
Deseado Massif<br />
Mines<br />
Advanced Projects<br />
Developing Mine<br />
<strong>Mariana</strong> Projects<br />
<strong>Mariana</strong> Areas<br />
50km<br />
Los Amigos<br />
<strong>Mariana</strong> 49%<br />
GOB<br />
GREGORES<br />
Aurora Group<br />
Sierra Blanca<br />
<strong>Mariana</strong> 100%<br />
LAS HERAS<br />
Caballo Blanco<br />
PICO TRUNCADO<br />
TRES CERROS<br />
Cerro<br />
Vanguardia<br />
AngloGold Ashanti<br />
CALETA OLIVIA<br />
EASTERN DESEADO<br />
– MAJOR FOCUS<br />
FITZ ROY<br />
Bozal/Tongoril<br />
Las Calandrias<br />
Tres Leones<br />
JARAMILLO<br />
<strong>Mariana</strong> 100%<br />
Canadon Porfiado<br />
Aguila-Picadero<br />
<strong>Mariana</strong> 100%<br />
PUERTO SAN JULIAN<br />
PUERTO<br />
DESEADO<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
The AngloGold Ashanti Connection – A Developing Relationship"<br />
30 !<br />
AngloGold – World No. 3 gold producer!<br />
AngloGold committed to region <br />
with Cerro Vanguardia!<br />
19.9% strategic stake – $8.5M <br />
invested at 12p late 2011!<br />
AngloGold technical advisory <br />
committee – first meeting held!<br />
<strong>Mariana</strong> exploration team at <br />
Cerro Vanguardia end Q1 <strong>2012</strong>!<br />
AngloGold rights to maintain <br />
equity in future raisings!<br />
AngloGold can match JV <br />
offers on <strong>Mariana</strong> projects!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
<strong>Mariana</strong> The Investment"<br />
31 !<br />
AngloGold as major shareholder <br />
underpins strategy !<br />
Downturn dictates measured approach <br />
in advancing projects!<br />
Significant overhead reduction last 6 months!<br />
Cash position $4.3 million!<br />
Las Calandrias!<br />
Half million oz AuEq resource base !<br />
Scope to increase resource – update Q1 2013!<br />
Latest drill and re-sampling results awaited –<br />
further drilling anticipated!<br />
Other projects!<br />
Exploration of 100% owned Bozal/Tongoril !<br />
Aguila-Picadero – drilling Q3/4!<br />
Sierra Blanca – JV interest – new targets !<br />
Outlying properties consolidation <br />
and/or JV potential!<br />
The Outlook – <strong>Mariana</strong> well positioned!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
TSX: MRY • AIM: MARL!
32 !<br />
DISCOVERING GOLD & SILVER – DESEADO MASSIF, SOUTHERN ARGENTINA!<br />
<strong>Mariana</strong> <strong>Resources</strong> Ltd!<br />
Level 5, 22 Atchison Street!<br />
St Leonards NSW 2065 Australia!<br />
!<br />
John Horsburgh – Executive Chairman"<br />
Phone: +61 2 9437 4588 <br />
Email: john@marianaresources.com!<br />
!<br />
Glen Parsons – Executive CFO"<br />
Phone: +61 2 9437 4588 <br />
Email: glen@marianaresources.com!<br />
!<br />
Ray Angus – Executive COO"<br />
Phone: +61 2 9437 4588 <br />
Email: ray@marianaresources.com!<br />
www.marianaresources.com London <strong>June</strong> <strong>2012</strong>!<br />
www.marianaresources.com<br />
TSX: MRY • AIM: MARL!
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