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

Arian Silver Corporation

February 02, 2015 02:00 ET

Arian Silver Commences a 5,000m Drilling Programme at San Jose

LONDON, ENGLAND--(Marketwired - Feb. 2, 2015) - Arian Silver Corporation ("Arian Silver" or the "Company"), (AIM:AGQ)(TSX VENTURE:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company focused on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report to that it has started a 5,000 metre diamond drilling programme at its wholly-owned San José project.

The drilling program is targeted within the township of Guanajuatillo which is located on the San José Vein (SJV), and lies to the west of the eastern identified resource boundary at Soledad and east of the western identified resource boundary at 'West End' and Guanajuatillo, some 5 kilometres west of the main San José haulage ramp. Historic workings, together with recent geological interpretation, indicate that the SJV continues underneath the township of Guanajuatillo but the area has yet to be properly explored. Drilling has commenced with two drill rigs and is expected to be completed during this quarter. A schematic section illustrating this area can be found via the following link: www.ariansilver.com/s/Sanjose.asp#SanJoseVein.

In addition to commencing a drilling program at Guanajuatillo, Arian will also start a drilling programme to test the down dip extension of the epithermal vein system below the current resource blocks. Arian has recently acquired its own "termite" rig, which is a smaller drilling rig that can be mobilised from underground sites and hence reduces the exploration cost.

Furthermore, site preparations have commenced for the construction of a third haulage ramp in the Guanajuatillo area to develop the western boundary of the Soledad resource block and to open up the West Soledad and Guanajuatillo areas for future planned exploitation. This ramp is part of the mine development program to ensure a sustainable operation for life of mine at the full capacity of 1,500 tonnes per day.

Jim Williams, Chief Executive Officer of Arian Silver, commented:

"Receiving the permit to drill within the township of Guanajuatillo is a huge endorsement by the local community (ejido) for which we are very grateful. This is the only area of the San José Vein which has yet to be properly explored even though historic workings, together with our own geological modelling, indicate that the vein continues beneath the township. We believe that we will be able to delineate an additional silver-lead-zinc resource over a strike length of approximately 1km.

The San José Vein remains completely open at depth and we believe that by drilling these possible extensions with new contracted surface drilling, together with our own termite rig, we could significantly increase our resource base and thereby the mine life of our operation in a very cost effective manner.

The commencement of the planned third main haulage ramp at Guanajuatillo is ahead of schedule and this forms part of the detailed mine planning program to not only ensure a sustainable mining operation at maximum capacity for the life of mine operation but also to increase efficiency with heavy plant movements with increased ventilation and decreased underground haulage distance."

Forward-Looking Information

This press release contains certain "forward-looking information". 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. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions. Forward-looking information is 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 information, 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, but are not limited to, unexpected issues arising during the drilling or development programmes.

Any forward-looking information 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 information, 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 information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information 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 Information

  • Arian Silver Corporation
    Jim Williams
    CEO
    (London) +44 (0)20 7887 6599

    Arian Silver Corporation
    David Taylor
    Company Secretary
    (London) +44 (0)20 7887 6599

    Arian Silver Corporation
    Fuad Sillem
    Head of Corporate Development
    (London) +44 (0)20 7887 6599
    fsillem@ariansilver.com

    Northland Capital Partners Limited
    Gerry Beaney / John Howes
    (London) +44 (0)20 7382 1100

    Grant Thornton UK LLP
    Philip Secrett / Ed Thomas
    (London) +44 (0)20 7383 5100
    philip.j.secrett@uk.gt.com

    Yellow Jersey PR Limited
    Dominic Barretto
    (London) +44 (0)7768 537 739
    dominic@yellowjerseypr.com