On behalf of Jim Williams, CEO of Arian Silver Corporation,
please see the Company’s latest press release below;
Trading
Symbols
AIM:
AGQ
TSX-V:
AGQ
“PLUS”:
AGQ
FWB:
I3A
5 September
2007
Acquisition of Additional Concession Areas at San Jose
Arian Silver Corporation ("Arian" or the "Company") is pleased to
announce that it has increased its licence ownership around its San Jose property by over
50%.
The
Company has acquired 10 mining concessions that have added an additional 2,313
hectares (ha) to bring Arian’s total licence holdings at San Jose to 6,353 ha. With
the addition of these newly acquired mining concessions, Arian now controls
some 12.5 km of the projected strike length of the San Jose vein system. A map showing the
location of these newly acquired concessions is shown in the link
below: -
http://www.ccnmatthews.com/docs/SanJose.pdf
The new concessions are located
between the Company’s San Jose property
and Grupo Mexico’s
‘La Tesorera 3’ concession to the north and are immediately
adjacent to Pe�oles ‘La Tesorera’ property. The location of the new
concessions is of particular significance as it covers the contact zone between
the Tertiary-aged ‘La Blanca’ Granodiorites and Jurassic-aged Limestones,
where recent drilling by Pe�oles has intersected massive sulphide
mineralization within limestone units within its La Tesorera property. In
addition, the new concessions contain a number of old mine shafts and prospects
that explored both the San Jose
vein system as well as a number of other parallel and sub-parallel veins and
other areas of non-vein-type mineralization.
Five of the new concessions were
purchased from existing holders for a total consideration of US$115,000 and
have an underlying 2% Net Smelter Return (NSR). The other five concessions were
staked on open ground and have no underlying NSR.
Arian’s CEO, Jim Williams,
commented, “With the addition of these newly acquired mining concessions,
we have a number of additional exploration targets with excellent upside
potential. Detailed geological mapping and sampling of these new areas is
already underway.”
For further information please contact:
In London :
|
In Vancouver :
|
Jim
Williams – CEO / James Cable – CFO
Arian
Silver Corporation
+44
(0)20 7529 7511
|
Investor
Relations,
Vanguard
Shareholder Solutions
+1
(604) 608 0824 Toll free: 1866 898 0825
|
Justine
Howarth
Parkgreen
Communications
+44
(0)20 7851 7480
|
|
Gerry
Beaney,
Grant
Thornton Corporate Finance
+44
(0)20 7385 5100
|
|
Daniel
Brooks / Tom Beattie
Haywood
Securities (UK)
Limited
+44
(0)20 7031 8000
|
|
Arian Silver
Corporation is a silver exploration and development 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 projects are the Calicanto 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 mechanized
mining techniques over wider mineralised structures, which reduces the overall
operating cost per ounce of silver, and to build up Canadian 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.
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, the estimation of mineral resources, potential mineralization,
potential 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, the possibility that future exploration results
will not be consistent with the Company’s expectations, 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, foreign
currency fluctuations, 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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