ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
9 January
2017
San Celso
Exploration Update
Arian Silver Corporation (“Arian Silver” or the “Company”) is
pleased to announce high-grade silver results from the recently
completed surface sampling and geological mapping of its
wholly-owned San Celso project located in central Zacatecas State,
Mexico.
These results demonstrate that San Celso contains several
largely unexploited high-grade veins and include promising lead and
zinc grades.
Sample ID |
True width
(m) |
Au (g/t) |
Ag (g/t) |
Pb (ppm) |
Zn (ppm) |
37551 |
1.2 |
0.037 |
20.1 |
670 |
255 |
37552 |
0.95 |
0.018 |
2.5 |
334 |
408 |
37553 |
1.8 |
0.435 |
146 |
1950 |
8000 |
37554 |
1.05 |
0.059 |
395.9 |
1140 |
3460 |
SC-S1 |
0.75 |
0.007 |
18.5 |
319 |
520 |
SC-S2 |
0.55 |
- |
28.6 |
314 |
760 |
SC-S4 |
0.95 |
0.159 |
81 |
13700 |
6200 |
SC-S7 |
1.2 |
0.608 |
21.4 |
10100 |
6400 |
SCD001 |
Grab Sample |
0.064 |
179 |
890 |
3830 |
SCD002 |
1.1 |
0.032 |
116 |
660 |
3680 |
SCD003 |
0.8 |
0.007 |
22.4 |
276 |
1880 |
SCD004 |
0.75 |
0.165 |
87 |
1350 |
8200 |
SCD005 |
0.8 |
0.097 |
99 |
1100 |
13900 |
SCD006 |
2.2 |
0.037 |
286 |
1770 |
6300 |
SCD007 |
Grab Sample |
0.013 |
30.4 |
450 |
7300 |
SCD008 |
Grab Sample |
0.093 |
78 |
1040 |
10700 |
SCD009 |
0.95 |
0.052 |
350.5 |
1440 |
5000 |
SCD010 |
0.45 |
0.088 |
346.9 |
2160 |
6600 |
SCD011 |
1.15 |
0.132 |
253.9 |
3460 |
7000 |
SCD012 |
Grab Sample |
0.053 |
68 |
1660 |
2420 |
SCD013 |
Grab Sample |
0.077 |
111 |
1170 |
7200 |
SCD014 |
Grab Sample |
0.098 |
61 |
1040 |
4500 |
The San Celso project is located in the Pánfilo
Natera-Ojocaliente mining district, an emerging district in this
part of Mexico which already has
defined resources exceeding 100 million ounces of silver.
Historical exploration and subsequent reports indicate the presence
of five major vein systems that have been previously exploited in
parts during colonial times but none of which appear to have been
systematically drilled to define a compliant resource.
The preliminary geochemical exploration work at San Celso
suggests the silver-lead-zinc mineralisation is indicative of a low
sulphidation epithermal system, and initial observations of the
vein systems at San Celso indicate similarities to the Company’s
previously owned and nearby San José mine where historic mining
exploited the San José vein down to approximately 300 metres. At
San Celso, historic mining terminated at the water table
(approximately 90 metres) and the Company believes there is
considerable depth potential to both the San Celso and Las
Cristinitas veins.
A schematic map of the area showing the various identified veins
is illustrated at:
www.ariansilver.com/assets/img/170109SanCelsoSampling.jpg
Arian Silver owns mineral
concessions over approximately 1,500 hectares in the heart of the
Zacatecas mining district, which
includes the Company’s wholly-owned San Celso project.
Jim Williams, Chief Executive
Officer of Arian commented: “We continue to systematically
explore our exploration projects, all of which are located in
central Zacatecas State. Our initial surface sampling and mapping
programme has now been completed on our San Celso project and has
resulted in the surface extension of the San Celso and Las
Cristinitas veins by over 800 metres. Over the coming months, we
shall be focussing on further evaluation of San Celso and nearby
mining concessions with the intention of identifying additional
areas of mineralisation.”
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
Charles Goodwin / Dominic Barretto
Tel: +44 (0)7786 074 466 |
Forward Looking
Statement
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 are deemed forward-looking information.
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.
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.