Arian Silver Corporation
TSX VENTURE : AGQ
AIM : AGQ
FRANKFURT : I3A

Arian Silver Corporation

January 10, 2007 09:30 ET

Arian Silver Corporation:Tenfold Increase In Mining Claim Area At Tepal Property Phase 1 Exploration To Commence Immediately

LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 10, 2007) - Arian Silver Corporation ("Arian" or the "Company")(TSX VENTURE:AGQ) (AIM:AGQ) (FWB:I3A) ("PLUS":AGQ)announces that it has acquired a new mining claim covering approximately 12,500 hectares (ha). The new mining claim, called Tepal #2 ("Tepal #2" or the "Tepal #2 Property"), surrounds the five Tepal mining claims that Arian already has under option ("Tepal" or the "Tepal Property"). The acquisition of this new claim has increased Arian's land position in the Tepal district to approximately 14,900 ha.

Jim Williams, CEO of Arian, said "This additional land package has increased our land holdings tenfold in the district, and complements our existing property, Tepal, where several drill-ready exploration targets were identified by Teck during the 1990's through geochemical surveys. We believe the project has excellent potential. We plan on drilling some of the said targets during a Phase 1 programme commencing in the second quarter of 2007."

Tepal #2 covers a number of mineralized gossans and areas of alteration and oxidation that Teck Cominco (Teck) discovered in the 1990's, when they conducted a regional reconnaissance sampling program. These gossans are very similar in appearance to the rocks that host the mineralization on the Tepal Property, where drilling by INCO, Teck and Hecla outlined a non-compliant resource as detailed in the release dated 9th August 2006.

Teck also completed a geochemical survey over the entire surface of the Tepal Property, and they identified a number of large, co-incident copper-gold anomalies that appear to trend off the Tepal Property and onto the surrounding Tepal #2 Property. Silver was not systematically explored for as Teck was interested in the project as a copper-gold porphyry target, regarding silver only as a by-product.

The presence of the same igneous rocks and alteration types to those that host the mineralization on the Tepal Property indicate that there is excellent potential to identify additional areas of mineralization on the Tepal #2 Property.

Arian has obtained all relevant permissions to conduct exploration on both Tepal properties, without payments or royalties to be made to the landowners. All environmental permits have been approved and Arian will be starting its exploration programme over the Tepal properties during the first quarter of this year, with drilling planned in the second quarter of this year.

Arian has also engaged Infoterra, a British-based geographical information systems (GIS) company, to conduct a remote sensing survey over the Tepal properties to identify additional areas of potential mineralization. PhotoSat, of Canada, has also been contracted to produce a detailed topographical map of the properties, which will be used as the base map for a new National Instrument (N.I.) 43-101 technical report.

Jim Williams, CEO of Arian Silver, said "We are hoping that the remote sensing survey identifies a number of target areas that we can explore in the near future. The fact that we have also received permission from the landowners to explore the Tepal group of properties means that we are on track with our goals to evaluate the silver potential of the Tepal Property and to establish NI 43-101 compliant mineral resource estimates for Tepal. That we have achieved this with no financial commitment illustrates our exemplary relations within Mexico at all levels".

Additional information with respect to the Tepal Property is contained in a technical report prepared by A.C.A. Howe International Limited, dated September 18, 2006, and entitled "Technical Report on the Tepal Project, Michoacan, Mexico".

Mr. Jim Williams, Eur Ing, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian, is a "Competent 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 information disclosed by this release.

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 Celso projects in Zacatecas state, the Tepal project in Michoacan State and the newly acquired San Jose Property in Zacatecas 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 NI 43-101 compliant resources.

Arian was founded by Jim Williams and Chairman Tony Williams, 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.

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 potential mineral resources, exploration results, potential mineralization, 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.

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.

Contact Information

  • In London :
    Arian Silver Corporation
    Jim Williams / Alexandra Harrison,
    +44 (0)20 7529 7511
    or
    Britton Financial PR
    Tim Blackstone,
    +44 (0) 20 7251 2544
    or
    Canaccord Adams Limited
    Mike Jones / Ryan Gaffney,
    +44 (0)20 7050 6500
    or
    In Vancouver :
    Vanguard Shareholder Solutions
    Investor Relations,
    +1 (604) 608 0824
    Toll free: 1866 898 0825