Arian Silver Corporation
("Arian" or the "Company") (TSX VENTURE:AGQ - News;
AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A
- News), a silver
exploration, development and production company with a focus on projects in
the silver belt of Mexico, is pleased to announce the commencement of a new
10,000m drill programme at its 100% owned San Jose
Property, Zacatecas, Mexico.
The drill programme,
which will complement the previous two drilling campaigns, is aimed initially
to delineate additional areas of high grade mineralisation
and to upgrade existing resources, between the Santa Ana and Guanajuatillo resource areas along the San Jose Vein
("SJV"). The drill programme will also
start to explore in detail the SJV system that lies to the west of the
village of Guanajuatillo, which collectively
accounts for approximately 90% of the known strike length of the SJV system.
One drill rig has commenced drilling at San Jose, and a second drill rig will
be mobilised and operational shortly.
The previous two drilling campaigns
delineated JORC and NI 43-101 compliant resources of approximately 43 million
ounces of silver, 120 million pounds of lead and 250 million pounds of zinc
within only approximately 10% of the known strike length of the SJV within
the concession area.
The location of some of the initial
planned drill holes are shown in the satellite images found at the links
below:
Link 1 illustrates a zoomed-out view of
approximately 5 kilometres ("km") of the
Santa Ana and Guanajuantillo areas
http://media3.marketwire.com/docs/arian_silver_link01_Santa_Ana_Guanajuatillo.pdf
Link 2 illustrates a zoomed-in view pf the Santa Ana area
http://media3.marketwire.com/docs/arian_silver_link02_Santa_Ana_San_Jose.pdf
Link 3 illustrates a zoomed-in view of
the Guanajuantillo area
http://media3.marketwire.com/docs/arian_silver_link03_Guanajuantillo.pdf
Arian has also contracted to purchase a
semi-mobile laboratory, which is being sourced by Stewart Group's Geochemical
& Assay Division (the "Stewart Group"). The laboratory
comprises a comprehensive sample preparation facility, a fire assay
laboratory and a wet chemistry laboratory that has facilities for Atomic
Absorption Spectrometry ("AAS"). The laboratory will be under the
sole control and operational management of professional personnel from the
Stewart Group in order that results are fully compliant with Arian's quality
assurance and quality control (QA/QC) programme. It
is anticipated that the laboratory will be fully set up within approximately
6-8 weeks in a secure area on the mine compound at San Jose. Prior to the
laboratory becoming operational, Arian will utilise
the analytical services of the Stewart Group's sample preparation facility in
Zacatecas. The Stewart Group, headquartered in the United Kingdom, provide a
network of accredited laboratories and metallurgical services to mining and
exploration companies.
Arian's Chief Executive Officer, Jim
Williams, commented: "It is with great pleasure that I report the
commencement of our new 10,000m diamond drilling programme
at San Jose and the decision to purchase a semi-mobile analytical laboratory.
Our efforts remain focused on advancing the San Jose property with the
delineation of further compliant resources and continuing to create increased
shareholder value. One of the current issues with modern-day exploration is
the turn-around times for analytical reporting; this issue will be largely overcome
once the new analytical laboratory has been delivered and commissioned."
Qualified Person
Mr. Jim Williams, Eur
Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the
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 such term is defined in Canadian National
Instrument 43-101 ("NI 43-101"). This press release has been
prepared under Mr. Williams' supervision. Mr. Williams has verified the data
disclosed by this release.
Forward-Looking Information:
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 relating to the proposed drilling programme at San Jose) 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 significant risks and
uncertainties and other factors 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.
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 guaranteed of future performance and
accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) and no stock exchange, securities commission or other
regulatory authority accepts responsibility for the adequacy or accuracy of
this release nor approved or disapproved of the information contained herein.
Contact:
Carlyle House
Arian Silver Corporation
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England |