Arian Silver Corporation

Arian Silver Corporation

December 12, 2007 02:00 ET

Arian Silver Corporation: San Jose-Progress Update

Underground sampling reveals bonanza-grade silver areas Highlights - Underground sampling identifies bonanza-grade silver area of San Jose Vein - Underground sampling results include 4.9m @ 1128 g/t silver, 2.36% lead and 3.14% zinc - Mineralisation remains open in multiple directions - Drilling programme extended to 12,000 metres - Magnitude of the San Jose Vein has grown significantly - Commencement of Canadian National Instrument 43-101 resource study - Warrants exercised; increasing cash position

LONDON, UNITED KINGDOM--(Marketwire - Dec. 12, 2007) - Arian Silver Corporation ("Arian" or the "Company")(TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) is pleased to announce that it has completed the Phase-1 underground sampling programme at the San Jose property. The sampling programme has identified a number of bonanza-grade silver areas that can be quickly accessed via the existing haulage ramp.

The Phase-1 sampling programme was conducted concurrently with the surface drilling programme and focused on sampling and surveying the historic mine workings as initial reconnaissance work had identified the potential for these workings to contain a considerable tonnage of mineralised material.

Additional assay data received from further drill-holes in the central part of the San Jose Vein system, around the Solidad Shaft, has emphasised the importance of the area.

In a press release dated 30th October 2007, the Company announced the discovery of a zone of disseminated stockwork silver mineralisation, not related to the San Jose Vein, at San Jose. This latest set of results further highlights the potential for low-cost mechanised mining and the prospect of achieving initial production by 2009.

Arian has now drilled in detail an area of some 4 kilometres (km) west of the San Jose head-frame. In view of the extremely encouraging results to-date, the drilling programme has been extended by 2,000 metres (m) to 12,000 m.

Drilling and Sampling Results

The Company has now received the initial results from the western-most drill-holes. These holes were drilled 2.8km west of the San Jose head-frame. All of the holes intersected a quartz-calcite vein with high-grade silver and base-metal values within a much wider (greater than 30m wide in places) zone of pervasive veining.

Tables 1 and 2 below illustrate various intercepts for the drilling and the underground sampling.

Table 1: Selected assay results from San Jose Phase-1 drilling - Western Target area.

Note: True widths not calculated as vein orientation and dip is not known.

From Core Length Silver Lead Zinc Gold
Drill-Hole (m) To (m) (m) (g/t) (%) (%) (g/t)
009 64.5 74.75 10.25 79 0.13 0.19 0.02
inc. 64.5 65.95 1.45 155 0.05 0.22 0.01
inc. 71.75 74.75 3 120 0.32 0.32 0.05
010 71.9 97.1 23.5 71 16.00 0.30 0.02
inc. 85.7 93.05 7.35 142 0.48 0.71 0.07
inc. 91.7 93.05 1.35 130 1.90 2.68 0.13
011 53.6 70.55 16.95 81 0.15 0.28 0.03
inc. 59.6 68.65 9.05 133 0.27 0.47 0.06
inc. 64.15 68.65 4.5 159 0.50 0.83 0.11
021 61.4 73.3 11.9 68 0.08 0.24 0.01
022 55.65 56.4 0.75 583 0.07 1.31 less than
022 91.3 124.65 33.35 99 0.35 0.88 0.04
inc. 93.3 97.6 4.3 218 0.22 0.33 0.04
inc. 117.25 118.5 1.25 500.3 1.56 2.25 0.14
023 50.3 98.5 28 85 0.05 0.19 0.01
inc. 60.85 69.4 8.55 164 0.09 0.25 0.03
inc. 65 66 1 390 0.09 0.15 0.05

Table 2: Underground sampling assay results from the Western San Jose Ramp.

Length Silver Lead Zinc Gold
Sample (m) (g/t) (%) (%) (g/t)
R-53 12.8 135 1.16 1.94 0.06
inc. 1.8 279 2.19 3.53 0.13
R-54 11.6 124 0.89 1.62 0.12
inc. 1.7 420 2.89 4.62 0.17
R-55 6.4 211 1.25 2.79 0.1
inc. 2.5 380 2.17 4.62 0.17
R-56 3.6 369 1.76 1.97 0.15
inc. 1.4 617 1.87 2.53 0.18
R-57 4.9 1128 2.36 3.14 0.14
inc. 1.9 2653 4.07 5.63 0.24

Arian has commenced a Canadian National Instrument (NI) 43-101 resource study on the San Jose property. All drill-hole and assay data has been sent to ACA Howe, of England, to compile a preliminary NI 43-101 resource study.

During November, 9,600,000 warrants were exercised raising Cdn$4.4 million which will be used to fund additional systematic exploration on the Company's properties, including San Jose.

Arian's Chief Executive Officer, Jim Williams, stated, "The exploration programme is still continuing to discover new areas of silver and base-metal mineralisation at the San Jose property. As a result we have increased our drilling programme to 12,000m. Out of this we have already drilled nearly 9,000m.

"The area to the west of the San Jose head-frame was completely unexplored before we started our drilling programme. The results to date indicate that the magnitude of the San Jose Vein is now significantly larger than we previously envisaged."

All technical information for the San Jose Project is obtained and reported under a formal quality assurance and quality control (QA/QC) programme. The core is logged and photographed by Arian staff and then split using a diamond saw. Half the core is stored on-site in a secure core shed and the other half is sampled, bagged and secured before transporting to Inspectorate's sample preparation facility in Durango, Mexico. The entire half-core is crushed and two kilograms is pulverised and homogenised. 150 gram pulp samples are then air freighted to Inspectorate's analytical laboratory in Reno, Nevada for analysis. Systematic assaying of duplicates is performed for precision and accuracy; check assays are regularly conducted by Inspectorate. Each sample has its own unique sample number. Inspectorate's laboratories in Durango, Mexico and Reno, Nevada are ISO 17025 and ISO 9001:2000 accredited.

Approximately 5% of the analysed samples are re-sampled and sent to the ALS Chemex preparation facility in Guadalajara, Mexico. The samples consist of both coarse reject samples and 150 gram pulp samples. The coarse material is crushed and pulverised, and all the pulp samples are air freighted to ALS Chemex's analytical laboratories in Vancouver, British Columbia, for analysis. Results from all duplicate analyses are compared to identify potential analytical or sampling errors.

Inspectorate and ALS Chemex laboratories are independent of Arian.

The samples were analysed for 32 elements by ICP (inductively coupled plasma), preceded by a three acid digestion. High-grade samples (gold greater than 3 g/t and silver greater than 200g/t) were re-analysed by fire assay with a gravimetric finish.

Additional information with respect to the San Jose Project is contained in a technical report prepared by A.C.A. Howe International Limited, dated April 30, 2007, and entitled "Technical Report on the San Jose Project, Zacatecas, Mexico". A copy of this report can be obtained from SEDAR on

Mr. Jim Williams, Eur Ing, Eur Geol, BSc, 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).

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 projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacan 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.

Further information can be found by visiting Arian's website: or the Company's publicly available records at

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in 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 mineralisation, potential mineral resources, future production 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 realised or substantially realised, 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • In London:
    Arian Silver Corporation
    Jim Williams - CEO
    +44 (0)20 7529 7511
    Bishopsgate Communications Ltd.
    Nick Rome / Maxine Barnes
    +44 (0)20 7562 3350
    Grant Thornton Corporate Finance
    Gerry Beaney
    +44 (0)20 7385 5100
    Haywood Securities (UK) Limited
    Daniel Brooks / Tom Beattie
    +44 (0)20 7031 8000
    In Vancouver:
    Vanguard Shareholder Solutions
    Keith Schaefer / Paul Lathigee
    (604) 608-0824 or Toll Free: 1-866-898-0825