On behalf of Jim Williams, CEO of Arian Silver Corporation
please see latest news release below.
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Calicanto
Phase-One Drill Results
29 May 2007
-
Final assays return
up to 4.70 metres of 41.80 oz/t Ag equivalent
-
New vein systems
discovered
-
Bonanza grade
intercepts on 3 vein systems
-
Phase-two drilling
planned to commence in Q3 2007
Arian Silver
Corporation (“Arian” or the “Company”)
is pleased to announce the silver, gold and base metal assay results of a
sixteen hole, 3,100 metre, NQ-size, diamond-drilling programme at its Calicanto
property, Zacatecas state, Mexico.
Arian's Chief Executive Officer, Jim
Williams, said, “The drilling programme has identified the continuation
of epithermal silver-gold veins along strike and to depth below the historic
mine workings. In addition we have discovered previously unidentified vein
systems within our concessions during this first phase of drilling at
Calicanto. These have been discovered in holes 016, 006 and 003 and have
demonstrated that there is excellent potential for the Calicanto property to host
additional undiscovered silver-gold veins. Bonanza grades have also been
discovered in holes 001, 008 and 017 which are located on the Vicochea,
Calicanto and El Misie vein systems respectively.
Arian is working with A.C.A. Howe
International with a view to defining NI 43-101 compliant silver resources in
the near-term, and the exploration already undertaken, together with this
Phase-one drill programme, stands us in good shape to achieve this. The results
of our Phase-one drilling, together with the results of our additional
systematic exploration, are currently being evaluated and a Phase-two programme
is currently being planned and is expected to be undertaken in the third
quarter.”�
A map showing the collar locations
is shown in the attached link:
http://www.ccnmatthews.com/docs/Calicanto-DHPlanMap.pdf
The table below shows the results
from the drilling programme. The silver and gold assay results shown in the
table for holes 003, 006, 007, 008, 014, 015, 016, and 001, 002, 011 and 017
were also previously reported in press releases dated February 19, 2007 and
April 16, 2007 respectively.
Drill-hole
|
From (m)
|
To (m)
|
Core Length (m)
|
True Thickness
(m)
|
Gold
(Au) (g/t)
|
Silver (Ag)
(g/t)
|
Lead (Pb) (%)
|
Zinc (Zn)
(%)
|
Copper
(Cu) (%)
|
AgEq*
(g/t)
|
AgEq* (oz/t)
|
CAL-06-001
|
117.00
|
119.20
|
2.20
|
1.60
|
0.90
|
409.10
|
0.08
|
0.24
|
Trace
|
471
|
13.73
|
inc.
|
118.50
|
119.20
|
0.80
|
0.60
|
2.50
|
1150.00
|
0.20
|
0.61
|
Trace
|
1,317
|
38.40
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-001
|
143.00
|
143.20
|
0.20
|
0.14
|
4.46
|
3550.00
|
0.80
|
1.35
|
Trace
|
3,778
|
110.10
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-002
|
82.05
|
96.00
|
13.95
|
9.90
|
0.21
|
120.98
|
0.10
|
0.19
|
Trace
|
147
|
4.30
|
inc
|
90.10
|
96.00
|
5.90
|
4.20
|
0.18
|
177.02
|
0.10
|
0.23
|
Trace
|
204
|
5.90
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-003
|
139.60
|
140.00
|
0.40
|
0.35
|
2.75
|
64.30
|
1.41
|
0.98
|
0.17
|
320
|
9.33
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-003
|
161.65
|
164.60
|
2.95
|
2.10
|
0.78
|
199.59
|
0.20
|
0.13
|
Trace
|
251
|
7.32
|
inc.
|
163.60
|
164.60
|
1.00
|
0.70
|
1.75
|
386.00
|
0.49
|
0.27
|
Trace
|
502
|
14.63
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-006
|
68.85
|
69.45
|
0.60
|
0.45
|
0.06
|
212.00
|
1.57
|
0.30
|
Trace
|
278
|
8.10
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-006
|
130.55
|
132.50
|
1.90
|
1.35
|
1.86
|
156.00
|
0.19
|
0.18
|
Trace
|
263
|
7.70
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-007
|
|
|
|
|
No
|
Significant
|
Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-008
|
150.25
|
155.45
|
5.20
|
4.50
|
8.54
|
296.75
|
0.65
|
1.48
|
Trace
|
826
|
24.10
|
inc.
|
152.90
|
153.45
|
0.55
|
0.50
|
43.50
|
2,130.00
|
1.39
|
2.97
|
Trace
|
4,460
|
130.00
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-008
|
211.70
|
212.95
|
1.25
|
1.05
|
2.40
|
34.20
|
0.40
|
0.82
|
Trace
|
217
|
2.97
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-010
|
126
|
127
|
1
|
0.95
|
0.3
|
55.4
|
5.3
|
5.4
|
Trace
|
583.1
|
17.0
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-010
|
130
|
131
|
1
|
0.9
|
1.22
|
34
|
2.8
|
4.2
|
Trace
|
456.7
|
13.3
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-010
|
229.3
|
230.6
|
1.3
|
1.15
|
1.38
|
178
|
0.96
|
0.59
|
Trace
|
331.0
|
9.65
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-011
|
199.20
|
206.25
|
7.05
|
6.30
|
6.80
|
154.42
|
1.50
|
0.30
|
0.38
|
814
|
23.72
|
inc.
|
200.85
|
203.50
|
2.65
|
1.90
|
8.23
|
235.01
|
1.70
|
0.12
|
0.46
|
1,085
|
31.60
|
inc.
|
205.25
|
206.25
|
1.00
|
0.70
|
13.42
|
106.00
|
0.24
|
0.11
|
0.14
|
779
|
22.70
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-012
|
165.5
|
166.5
|
1
|
0.9
|
0.4
|
113
|
Trace
|
Trace
|
Trace
|
132.2
|
3.85
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-014
|
136.40
|
137.70
|
1.30
|
1.10
|
1.10
|
98.00
|
Trace
|
0.44
|
Trace
|
150
|
4.40
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-015
|
38.95
|
40.00
|
1.05
|
0.90
|
1.15
|
13.10
|
0.25
|
0.63
|
Trace
|
118
|
3.44
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-015
|
86.70
|
88.10
|
1.40
|
0.70
|
0.77
|
167.00
|
0.24
|
0.32
|
Trace
|
232.5
|
6.80
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-016
|
138.00
|
141.50
|
3.50
|
2.50
|
0.17
|
161.29
|
0.07
|
0.18
|
Trace
|
184
|
5.36
|
inc.
|
139.70
|
140.75
|
1.05
|
0.75
|
0.29
|
286.00
|
0.12
|
0.20
|
Trace
|
317
|
9.24
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-017
|
103.75
|
110.40
|
6.65
|
4.70
|
7.17
|
1,054.64
|
0.96
|
0.10
|
Trace
|
1,432
|
41.80
|
inc.
|
105.45
|
106.40
|
0.95
|
0.70
|
28.30
|
4,450.00
|
1.30
|
0.10
|
Trace
|
5,850
|
170.60
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-018
|
142.55
|
143.75
|
1.2
|
1.05
|
0.225
|
8.1
|
Trace
|
1.83
|
Trace
|
144.4
|
4.2
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-019
|
|
|
|
|
No
|
Significant
|
Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAL-06-020
|
86.1
|
87.9
|
1.8
|
1.60
|
2.44
|
105.6
|
1.7
|
3.4
|
0.2
|
524.5
|
15.3
|
Inc.
|
87.1
|
87.9
|
0.8
|
0.7
|
3.9
|
169
|
1.4
|
2.97
|
0.2
|
620.3
|
18.1
|
The table represents selected assay
results from the phase 1 Calicanto drill program (results grading >2g/t Au,
>100 g/t Ag, >1% Pb, >1% Zn).
*Silver equivalent grade is calculated on
the basis of US$12.50/oz Ag, US$600/oz Au, $1.25/lb Zn, $0.5lb Pb and $2/lb Cu.
Silver equivalent calculations reflect gross metal content and have not been
adjusted for metallurgical recoveries.
The
Company continues to advance both its underground declines on the
Calicanto structure and the San Buenaventura structure, currently 95m in and
80m in respectively. These declines
are being advanced by our operational partner with whom Arian holds an
exclusive 100% option with. Run-Of-Mine (ROM) material is being stockpiled
before being treated in a nearby milling facility, which will indicate both
head grade and recovery. The results from this programme give Arian an
excellent three-dimensional (3-D) understanding of the ore body which, combined
with the drill results, enhances the knowledge of the geology and the
mineralisation.
All
technical information for the Calicanto property 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 the ALS Chemex preparation facility
in Guadalajara, Mexico. The entire half-core is
crushed and two kilograms is pulverized and homogenized. 150 gram pulp samples
are then air freighted to ALS Chemex’s analytical laboratories 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. The ALS
Chemex laboratories in North America are ISO
17025 and ISO 9001:2000 accredited.
Approximately 5% of the analysed samples are re-sampled and sent to
BSi/Inspectorate’s sample 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
freighted to BSi/Inspectorate's analytical laboratory in Reno, Nevada
for analysis. Results from all duplicate analyses are compared to identify
potential analytical or sampling errors.
The ALS Chemex and BSi/Inspectorate 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 >3 g/t and silver >100
g/t) were re-analysed by a fire assay with a gravimetric finish.
Additional information with respect to the Calicanto property is contained in a
technical report prepared by A.C.A. Howe International Limited, dated March 20,
2006, and entitled "Technical Report on the Calicanto and San Celso
Projects, Zacatecas, Mexico".
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).
For further information please contact:
In London :
|
In Vancouver :
|
Jim
Williams - CEO
Arian
Silver Corporation
+44
(0)20 7529 7511
|
Investor
Relations,
Vanguard
Shareholder Solutions
+1
(604) 608 0824
Toll
free: 1866 898 0825
|
Justine Howarth /
Clare Irvine
Parkgeen
Communications
+44 (0)20 7851 7480
|
|
Gerry
Beaney,
Grant
Thornton Corporate Finance
+44 (0)207
385 5100
|
|
Daniel
Brooks / Vina Patel,
Haywood
Securities (UK)
Limited
+44 (0) 207 031
8000
|
|
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 Michoac�n 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.� Arian
is supported by the Dragon Group in London, UK, and the Endeavour Group in Vancouver, 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.
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.
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, potential mineralization, potential mineral resources, 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.
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