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

Arian Silver Corporation

November 13, 2007 02:00 ET

Arian Silver Announces Tepal Drilling Results

LONDON, UNITED KINGDOM--(Marketwire - Nov. 13, 2007) -

Highlights

- Drilling Intercepts greater than 100 metres grading 1.32 g/t gold

- Confirmation of Extensions of 'North' and 'South' Zones

- Discovery of new mineralised zone between 'North' and 'South' Zones

- Phase-1 Drilling Extended to 6,000 metres

- Additional Copper assay results due shortly

Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A)is pleased to announce the latest results from its current drilling program at the Tepal property. To-date 26 drill holes totalling 4,000 metres (m) have been completed. Drilling has encountered long intercepts of significant gold-copper mineralization below and along strike from the previously demarcated historic resource areas. The results indicate that the historical resource estimates defined by Hecla, Teck Cominco and Inco may have significantly underestimated the potential of the Tepal project.

Eleven holes were drilled into the 'North' and 'South' Zones and have confirmed the historical drill-hole data of Inco, Hecla and Teck Cominco. In addition, Arian has drilled a number of holes deeper than those previously drilled by Inco, Hecla and Teck Cominco. These holes have confirmed the existence of gold-copper mineralization to a depth of 250.5m. Hole AS-07-007, drilled in the 'South' Zone, was terminated at a depth of 250.5m. The final 6.5m of this drill-hole encountered mineralisation grading 0.45 g/t gold and 0.21% copper, indicating that the mineralization is open to depth. Hole AS-07-004 was drilled into the 'North' Zone and intersected 187m grading 0.86 g/t gold including a higher-grade portion of 101m grading 1.32 g/t gold.

Plans of both the 'North' Zone and 'South' Zone areas, which have been the focus of most of the previous exploration and all of Arian's current work, can be viewed in the following two links.

http://www.ccnmatthews.com/docs/TepalNorthZone.pdf

http://www.ccnmatthews.com/docs/TepalSouthZone.pdf

The following table sets out selected drill results from the Phase-1 drill programme.



---------------------------------------------------------------------------
Core length Gold
Hole ID. From (m) To (m) (m) (g/t) Copper (%)
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AS-07-001(1) 5 58 53 0.378 0.29
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AS-07-002 No Significant Results
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AS-07-003 2 8 6 0.28 0.02
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AS-07-004(1) 1 188 187 0.86 Pending
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Inc. 11 112 101 1.32 Pending
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Inc. 48 70 22 2.17 0.66
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AS-07-005(2) 0 100 100 0.75 0.30
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AS-07-006(1) 0 184 184 0.78 Pending
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Inc. 0 90 90 1.14 Pending
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AS-07-007(2) 0 250.5 250.5 0.53 0.22
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Inc. 64 100 36 1.01 0.37
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Inc. 120 150 30 0.84 0.26
---------------------------------------------------------------------------
Inc. 244 250.5 6.5 0.45 0.21
---------------------------------------------------------------------------
AS-07-008 6 136 130 0.33 0.25
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Inc. 86 136 50 0.45 0.33
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AS-07-009(2) 0 150.7 150.7 0.38 0.30
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Inc. 86 136 50 0.45 0.33
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Inc. 12 70 58 0.32 0.48
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AS-07-010 0 60 60 0.25 0.36
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Inc. 14 26 12 0.46 1.00
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AS-07-011 No Significant Results
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AS-07-012A(1) 36 154 118 0.32 0.12
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AS-07-013(2) 50 185.8 135.8 0.48 0.17
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AS-07-015(2) 0 180.45 180.45 0.74 0.19
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Inc. 36 80 44 1.31 0.37
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AS-07-017 164 176 12 0.32 0.22
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(1)Hole with pending copper assay data
(2)Initial gold results reported in 8 August 2007 press release.


Drill-holes 012 and 008 were "wildcat" exploratory holes drilled in the southern extension of the 'North' Zone. Hole 008 was drilled to test a 1,000m-long geochemical anomaly that connects the 'North' Zone with the 'South' Zone. This hole intersected a wide zone of gold-copper mineralization that may indicate there is significant mineralization in this area between the 'North' and 'South' Zones.

Drill-holes 009 and 011 were positioned to explore the area southeast of the 'South' Zone. Drill-hole 009 intersected a significant zone of gold-copper mineralization, including some narrow zones of higher-grade copper mineralization. Drill-hole 011 was not drilled to a sufficient depth to intersect this mineralization and Arian is planning to extend this hole.

Drill-holes 013 and 017 were drilled to explore an area to the northwest of the 'South' Zone. Both holes intersected gold-copper mineralization, with drill-hole 013 intersecting 135.8m grading 0.48 g/t gold and 0.17% copper, indicating good potential to expand the 'South' Zone historic resources.

Arian's Chief Executive Officer, Jim Williams, said, "These new results are very encouraging. Our drilling has indicated the existence of significant mineralization beyond the historic resource areas. Of particular interest is the discovery of a potential 'connector' zone between the 'North' and 'South' zones. We are proving that the Tepal Project has the potential to contain significant resources of gold and copper and that our systematic approach is identifying new areas of mineralization. In view of the results to-date we have decided to extend the Phase-1 drilling programme to 6,000 metres. We anticipate being in a position to release additional copper assay results from recent drilling in the near future"

All technical information for the Tepal 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 ALS Chemex's sample preparation facility in Guadalajara, Mexico. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150-gram pulp samples are then freighted to ALS Chemex's analytical laboratory in Vancouver, British Columbia for analysis. Systematic assaying of duplicates is performed for precision and accuracy; check assays are regularly conducted by ALS Chemex. Each sample has its own unique sample number.

Approximately 5% of the analysed samples are re-sampled and sent to the Inspectorate preparation facility in Durango, 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 transported to Inspectorate's analytical laboratories in Reno, Nevada, for analysis. Results from all duplicate analyses are compared to identify potential analytical or sampling errors.

The Inspectorate and ALS Chemex laboratories are independent of Arian.

The samples were analysed for 32 elements by ICP (inductively coupled plasma), preceded by an Aqua Regia digestion. Gold was analysed by fire assay with an atomic absorption finish. High-grade samples (gold greater than 3 g/t and silver greater than 100 g/t) were re-analysed by a fire assay with a gravimetric finish.

Additional information with respect to the Tepal Project is contained in the 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).

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 mechanized 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: 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.

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, 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 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.

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

Contact Information

  • In London :
    Jim Williams - CEO
    Arian Silver Corporation
    +44 (0)20 7529 7511
    or
    Maxine Barnes / Nick Rome
    Bishopsgate Communications Ltd.
    +44 (0)207 562 3350
    or
    Gerry Beaney,
    Grant Thornton Corporate Finance
    +44 (0)207 385 5100
    or
    Daniel Brooks / Tom Beattie
    Haywood Securities (UK) Limited
    +44 (0) 207 031 8000
    or
    In Vancouver :
    Keith Shaefer / Paul Lathigee
    Vanguard Shareholder Solutions
    +1 (604) 608 0824 Toll free: 1866 898 0825