Gold/Silver Discovery at Dos Calandrias - Argentina

Mariana Resources Ltd, the AIM quoted exploration and development company focussed in Argentina and Chile, is pleased to announce asignificant new gold-silver discovery at its 100% owned Dos Calandrias Project ('Dos Calandrias') located in the prospective Deseado Massif region in southern Argentina. The discovery was confirmed following results from the first eight holes of a 16 hole diamond drilling programme at the Calandria Sur prospect.

This is the first mineralisation of its type to be found in the Patagonia region,

Leading geological consultant and epithermal specialist Dr. Richard Sillitoe, on a two-day site visit to appraise the significance of the Dos Calandrias drilling results conclude that the Calandria Sur prospect is a low-sulphidation epithermal discovery located along the margin of an extensively hydrothermally brecciated rhyolite dome ('HBD').The mineralisation appears to possess bulk tonnage potential in being disseminated and not reliant upon identifiable veins.

Tracking the Dow,Monday 16/11/09.(4 market days to Index futures Expiry)
9:30am:--Bullish 60.0 points spike up.

October retail sales up 1.4%,booster.

1o:30am:--First hour high shooting star pullback(Broad-based buying)

11:30am:--Bullish engulfing to second hour high.(Business inventory data for September showed a 0.4% decrease)

12:30pm:--Usual time for pullback to MAV or bull pivot point.(the Dollar Index extends its slide)

1:30pm:--Holding at opening noon session high with bullish inverted hammer. (focusing Fed Chairman Bernanke at the Economic Club of New York.)

2:30pm:--Bearish hammer,hangman.(Fed says labor market is getting worse more slowly.)

3:30pm:--High of the day with pullback fall short of reaching the MAV.(influential analyst Meredith Whitney during a CNBC interview said that she expects banks to raise another round of capital...so powerful speech to affect market move)

4:00pm:--Bullish tone still on.
A new high for the month and any slight pullback is minimal within a small range.Daily volume has also picked up.

Meanwhile,the central bank will monitor the sliding U.S. dollar but pledged anew to keep interest rates at record-lows to nurture the economic recovery.