On
behalf of Jim Williams, please see latest press release from Arian Silver below:
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Drilling
to start on Tepal ahead of schedule
23rd
April 2007
Arian Silver
Corporation (“Arian” or the “Company”)
is pleased to announce the start of a 3,000 metre diamond drilling programme at
the Tepal property, Michoacan state, Mexico.
The project was previously explored
in the 1970’s and the early 1990’s by a number of companies
including International Nickel Company of Canada Ltd (INCO), Teck Resources Inc
(Teck) and Minera Hecla S.A. De C.V. (Hecla). A historical gold and copper
resource for the project, which is not NI-43-101 or JORC compliant, was
estimated, based on 87 diamond and reverse circulation drill holes totalling
12.6km. Silver was not systematically explored for as part of the programmes
because the three mentioned companies were interested only in gold or gold and
copper porphyry deposits. A breakdown of the historical resource, and
specifically the historical mineral resource categories, of 78.82 million
tonnes of oxide and sulphide material containing 1.23 million ounces of gold
and 432.63 million pounds of copper, and the relevant disclosures, is outlined
in the Company’s release dated 9th August 2006. The historical
data also indicates that there are potentially higher-grade zones within these
mineralised zones.
The Company plans on drilling
approximately 2,000m to verify some of the previous drill holes and to
re-sample some of the existing chip samples that were obtained from the earlier
reverse circulation (RC) drilling programme, with the objective of establishing
a NI 43-101 compliant resource estimate. The additional 1000m of drilling will
be directed at other targets that were not drilled in the previous programmes.
Previous anomalous soil geochemistry sampling has provided many additional
targets.
Arian has recently completed a
regional remote sensing programme that has identified a number of phyllic
alteration zones co-incident with gold and copper soil geochemical anomalies
mentioned above. A number of drill holes have been designed to explore these
zones. A photo-topographical survey has been completed, and a 2m contour map
has been produced that will be used as the base map for NI 43-101 resource
estimation studies.
Arian's Chief Executive Officer,
Jim Williams, said, “I am delighted
that we are advancing our program for this year ahead of schedule. We have the
potential to define a NI 43-101 compliant resource with limited drilling by
twinning some of the historical holes. There is also excellent potential to add
additional resources within the Tepal concessions by drilling already
identified targets; these targets have been identified by soil geochemistry
anomalies.”�
A Geochemical contour map of the
Tepal property showing the anomalous soil geochemistry and the phyllic
alteration zones is available at the following link:
http://www.ccnmatthews.com/docs/Tepal_Phyllic_alteration_zones.pdf
Arian has obtained environmental
permits and all relevant permissions to conduct exploration on the Tepal
projects, without payments or royalties to be made to the landowners. Phase One
exploration started with remote sensing and aerial mapping surveys, which have
now been completed and have helped to prioritise drill targets. This is in
addition to the previous targets defined by anomalous soil geochemistry
sampling.
Arian
is also pleased to welcome to the team Ing. Andr�s Vega Salda�a who graduated
as a geologist from the University
of M�xico. He has
worked in exploration and mining in the states of Sinaloa and Zacatecas for
Grupo M�xico, as an independent consultant for mining and geotechnical projects
and in the Direcci�n de Promoci�n de Proyectos de la Secretar�a de Econom�a in
the evaluation & promotion of mining projects.
A.C.A Howe International Limited
completed a technical report for the Company on the Tepal property in September
2006 and recommended the following work to be carried out:
-
Twin some of the historic drill holes to confirm the grade and
thickness of existing drill hole intercepts;
-
Remote sensing and airborne
magnetics to further define existing targets and identify additional targets;
-
Drill less defined targets with the
intent of defining a resource, and;
-
In-fill drilling on the south zone.
All work will be done under the
Arian quality assurance and quality control (QA/QC) programme. All samples will
be assayed for 32 elements including silver, which was not previously tested.
Additional information with respect
to the Tepal property is contained in the said technical report prepared by
A.C.A. Howe International Limited, which is dated September 18, 2006 and
entitled “Technical Report on the Tepal Project, Michoacan, Mexico”.�
A copy of the report can be obtained from Sedar at www.sedar.com
Mr. Jim Williams, Eur Ing, Eur
Geol, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian, is a
“Qualified Person” as defined in the AIM guidelines of the London
Stock Exchange, and a “Qualified Person” as defined in the Canadian
Securities Administrators National Instrument 43-101. This press release has
been prepared under Mr. Williams’ supervision.� Mr Williams has verified
the data disclosed by this release (including sampling, analytical and test
data underlying the information).
For further information please contact:
In London :
|
In Vancouver :
|
Jim
Williams - CEO
Arian
Silver Corporation
+44
(0)20 7529 7511
|
Investor
Relations,
Vanguard
Shareholder Solutions
+1
(604) 608 0824��� Toll free: 1866 898 0825
|
Justine Howarth/
Clare Irvine
Parkgreen
Communications
+44 (0)20 7851
7480
|
|
Gerry
Beaney,
Grant
Thornton Corporate Finance
+44
(0)207 385 5100
|
|
Daniel
Brooks,
Haywood
Securities (UK)
Limited
+44 (0) 207 031
8000
|
|
Arian Silver
Corporation is a silver exploration company listed on London’s AIM and “PLUS”,
on Toronto’s
TSX Venture Exchange and on the Frankfurt Stock Exchange.� Arian is active in Mexico,
the world’s largest silver producing country.� The Company’s main
focus is currently the Calicanto, San Celso and San Jose
projects in Zacatecas state, and the Tepal project in Michoac�n State.�
Part of Arian’s forward-looking strategy lies in the envisaged use of
large scale mechanised mining techniques over wider mineralised structures,
which reduces the overall operating cost per ounce of silver, and to build up
National Instrument 43-101 compliant resources.
Arian was founded by Jim Williams,
Chief Executive Officer, and Tony Williams, Chairman, who together have over 50
years experience in exploration, project construction and mining worldwide.� Arian
is supported by the Dragon Group in London, and
the Endeavour Group in Canada.
Further information can be found by
visiting Arian’s website: www.ariansilver.com
or the Company’s publicly available records at www.sedar.com.
No
stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained in this release.
The
TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
This press release
contains certain "forward-looking statements".� All statements, other
than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may
occur in the future (including, without limitation, statements regarding
exploration results, potential mineralization and mineral resources, and the
Company's exploration and development plans and objectives) are forward-looking
statements.� These forward-looking statements reflect the current expectations
or beliefs of the Company based on information currently available to the
Company.� Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking statements, and even if
such actual results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects on the
Company.� Factors that could cause actual results or events to differ
materially from current expectations include, among other things, uncertainties
relating to the availability and costs of financing needed in the future,
changes in commodity prices, changes in equity markets, political developments
in Mexico, changes to regulations affecting the Company's activities, delays in
obtaining or failures to obtain required regulatory approvals, the
uncertainties involved in interpreting exploration results and other geological
data, and the other risks involved in the mineral exploration and development
industry.� Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise.� Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.
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