Trading Symbols
AIM: AGQ
FWB: I3A
20 December
2016
Exploration of Los
Campos Project
Two major vein systems identified
at Los Campos project
Arian Silver Corporation (“Arian Silver” or the “Company”) is
pleased to report evidence of the presence of two major vein
systems on its wholly-owned Los Campos project, following the
completion of the work programme to advance targeted exploration as
initially announced on 27 October
2016.
Jim Williams, Chief Executive
Officer of Arian commented: “We are pleased that our preliminary
exploration work has identified several high-quality targets at Los
Campos, where evidence of the presence of two major vein systems
has been identified. The Board is confident its exploration
properties have the potential to host significant
mineralisation.
Our development plan for the Los
Campos project involves rehabilitating a number of the mine shafts
to allow the Company to survey, map and sample the underground
workings, which will aid the identification of high quality targets
for future drilling. I look forward to providing our shareholders
with further updates in due course.”
Arian Silver owns mineral
concessions over approximately 1,500 hectares in the heart of the
Zacatecas mining district, which
includes the Company’s Los Campos project.
The Los Campos project comprises several concessions centrally
located within the Zacatecas
mining district where historical production has exceeded 900
million ounces of silver and 9 million ounces of gold.
The Los Campos concession includes the former Los Campos mine
and its satellite excavations, and across the project area,
evidence of two vein systems has been identified: the San Rafael vein and the Los Campos vein.
The satellite image of the area is available at:
www.ariansilver.com/assets/img/maps/161220LosCampos.jpg.
San Rafael vein system
Within the centre of the Los Campos concession is a large kaolin
(clay) quarry which, until recently, has been active, extracting
high quality kaolin. Clay alteration typically occurs immediately
above or adjacent to high-grade mineralisation zones within
epithermal deposits; this is therefore a very good indicator of
where to focus further exploration.
In addition, outside of the project
boundary to the north-west there are several large stopes reaching
the surface, which is a strong indicator of the presence of high
levels of mineralisation.
Los Campos vein system
The Los Campos vein system has been developed along a strike
distance of approximately 3.3km and to depths exceeding 100m. Arian
Silver’s recent geological mapping and sampling has discovered
previously unknown veins running either parallel or nearly parallel
to the Los Campos vein.
Arian Silver plans to
rehabilitate several of the old mine shafts in this area to:
- ascertain the extent of historic mine workings;
- identify potential highly mineralised zones for follow-up
drilling; and
- undertake further mapping to verify the presence of additional
vein structures
Disposal of Calicanto
Further to the announcement of 27 October
2016, the Company continues to await confirmation of the
necessary registrations of transfer from the Ministry of Mines in
Mexico, which is expected to occur
as a matter of course in early 2017. A further announcement will be
made in due course.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further
information please contact:
Arian Silver
Corporation
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital
Partners Limited
Gerry Beaney / David Hignell
Tel: +44 (0)203 861 6625 |
OR |
OR |
Beaufort Securities
Limited
Jon Belliss
Tel: +44 (0)20 7382 8300 |
Yellow Jersey PR
Limited
Dominic Barretto
Tel: +44 (0)7768 537 739 |