Arian Silver Corporation: San Jose Drilling ResultsMarketwire
Arian Silver Corporation
October 30, 2007 - 03:00:01 AM
Arian Silver Corporation: San Jose Drilling Results
LONDON, UNITED KINGDOM--(Marketwire - Oct. 30, 2007) - Arian Silver
Corporation ("Arian" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A) is pleased to announce that
recent drilling has verified the location of the western strike extension of
the San Jose Vein System.
Highlights
- Confirmation of the Western Extension of the San Jose Vein System
- More Wide Zones of Disseminated Mineralisation Intersected
- More High-Grade Zones Intersected
- Mineralisation Remains Open in Multiple Directions
- Phase-1 Drilling Extended to 10,000 Metres
Solidad
Drill-holes located in an area of the San Jose Vein System known as "Solidad",
1.4 kilometres west of the San Jose shaft and head-frame, have intersected a
wide (up to 25m) vein system comprising silver and base-metal mineralisation.
A number of holes were drilled into the "Solidad" zone where previous
geological mapping and surface trenching identified a number of
quartz-calcite-sulphide-rich veins emplaced within wide quartz-calcite-rich
breccias. The drilling intersected the San Jose Vein, which in places has
spliced into two veins, the 'Foot-Wall' vein and the 'Hanging-Wall' vein, at
50, 100 and 150 metres (m) below surface. In addition, deeper drill-holes so
far indicate that the San Jose Vein widens from 3-5m at surface to 20+m at
depth. The Company considers these results very encouraging since in the
historical workings the wider intercepts of the San Jose Vein contained the
higher-grade material.
Santa Ana
Drill-hole results have also been received from the Company's drilling in the
"Santa Ana" area of the San Jose Vein. The Santa Ana area is located 800m west
of the San Jose shaft and head-frame, and the results confirm silver and
base-metal mineralisation continuing down-dip below the historic mine workings
of the old Santa Ana Mine.
The drilling has identified a silver and base-metal-rich zone (up to 42m wide)
that extends at least 200m laterally and 200m vertically from the Santa Ana
Mine. This zone is open to the west towards the Solidad zone, referred to
above and also to depth. The eastern-most drill-hole (Hole 003) has
intersected a lower-grade silver and base-metal rich portion of the San Jose
Vein, which is typically found in the deeper portions of a classic epithermal
vein system.
Selected recently received assay results from the Solidad and Santa Ana areas
are shown below: -
Core True
Drill- From To Length Thickness Gold Silver Lead Zinc
Hole (m) (m) (m) (m) (g/t) (g/t) (%) (%)
SJ-07-002 137.70 166.60 28.90 16.5 0.05 111.74 0.75 2.14
inc. 139.70 146.15 6.45 3.7 0.12 356.87 1.96 3.45
inc. 143.80 146.15 2.35 1.3 0.16 541.59 2.33 2.92
inc. 146.15 154.00 7.85 4.5 0.04 58.94 0.64 3.10
SJ-07-002B 124.75 190.50 59.90 42.4 0.02 64.19 0.22 0.75
inc. 127.75 138.40 11.65 6.6 0.05 118.63 0.73 2.25
inc. 126.75 127.75 1.00 0.6 0.18 210.30 3.05 3.52
inc. 130.60 131.60 1.00 0.6 0.06 130.30 2.01 4.11
SJ-07-003 169.80 173.85 4.05 2.3 0.05 30.67 0.57 3.12
SJ-07-016 215.10 249.70 34.60 24.5 0.06 96.61 0.68 1.35
inc. 218.75 227.05 8.30 5.9 0.06 191.11 1.12 1.94
inc. 225.05 227.05 2.00 1.4 0.06 241.65 1.38 2.68
SJ-07-016 235.05 237.90 2.85 2.0 0.12 242.44 2.55 2.93
inc. 237.05 237.90 0.85 0.60 0.26 517.60 7.63 5.69
SJ-07-017 57.60 61.10 3.50 2.5 0.03 135.09 0.16 0.53
inc. 59.60 60.20 0.60 0.4 0.02 198.70 0.10 0.99
SJ-07-018 87.00 90.90 3.90 1.7 0.02 150.01 0.10 0.28
inc. 88.55 88.90 0.35 0.2 0.03 212.20 0.21 0.52
SJ-07-018 93.90 99.10 5.20 2.2 0.04 72.83 0.67 2.17
SJ-07-019 54.35 68.55 14.20 10 0.05 101.05 0.09 0.31
inc. 57.75 59.75 2.00 1.4 0.03 269.10 0.08 0.22
inc. 58.75 59.75 1.00 0.7 0.04 379.30 0.10 0.26
SJ-07-020 95.7 122.4 26.7 11.3 0.07 98.74 0.33 1.03
inc. 95.7 99.7 4 1.7 0.02 152.80 0.11 0.38
inc. 105.7 106.7 1 0.5 0 429.9 0.24 1.4
inc. 114.9 122.4 7.5 3.2 0.08 101.15 0.86 2.39
SJ-07-020 128.4 132.4 4 1.7 0.07 32.40 1.29 5.28
A location map and a long-section view of the Solidad and Santa Ana
exploration zones of the San Jose Vein can be viewed by clicking on the
following links: -
http://www.ccnmatthews.com/docs/AGQfig1.pdfhttp://www.ccnmatthews.com/docs/AGQfig2.pdfAs a result of the positive and encouraging exploration results to-date and
the recently discovered multi-faceted types of mineralisation in the San Jose
Vein, Block 450 and brecciated stockwork target areas (see press release dated
23 October 2007), the Company has decided to increase the size of its Phase-1
drill program from 7,500m to 10,000m.
Arian's Chief Executive Officer, Jim Williams, commented, "Our exploration
program continues to discover new areas of silver and base-metal
mineralisation. As a result we have increased our drilling program to 10,000m,
out of which we have currently drilled some 7,000m. The Solidad area was
completely unexplored before we started our drilling program and as a result
of this program, the magnitude of the San Jose Vein System is now
significantly larger than previously envisaged.
The drilling in the Santa Ana area is also providing excellent results and
drill-hole SJ-07-002 intersected high-grade silver and base-metal
mineralisation within 4m of our main haulage ramp in the westerly direction.
We believe the Santa Ana area also presents an excellent opportunity to move
this Project towards production in the not too distant future".
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 pulverized and homogenized. 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),
proceeded 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 at
www.sedar.comMr. 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 mechanized
mining techniques over wider mineralized 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.