Arian Silver Corporation ("Arian Silver" or the "Company"), (AIM: AGQ, TSXV: AGQ), a silver mining company focussed on projects in the silver belt of Zacatecas, Mexico, is pleased to report the results of its Phase-5 drilling programme within the township of Guanajuatillo located along the San José vein system ("SJV") within the San José project, Mexico.
Highlights (all widths are true widths):
- High-grade silver intersected in latest round of drilling;
- Mineralisation intersected in all 19 holes;
- Hole GW-15-59 containing multiple intersections including 5.09m with 249 g/t Ag and 6.43m with 357 g/t Ag;
- Hole GW-15-58 also contained multiple intersections including 1.22m with 431 g/t Ag and 6.11m with 157 g/t Ag;
- Hole GW-15-64 intersected 5.68m with 249 g/t Ag;
- Hole GW-15-65 intersected 8.1m with 225 g/t Ag;
- Mineralisation remains open along both the western and eastern strike extensions and to depth; and
- Independent Mineral Resource Estimate update planned over the coming months.
Arian Silver's Chief Executive Officer, Jim Williams, commented today: "The Phase-5 drilling programme demonstrates the significant potential for further silver and base metal resources within the San José vein system. Our exploration methodology and execution has been very effective and we returned some excellent intersections with increased true widths in several drill holes.
The results confirm that the silver, lead and zinc mineralisation extends beneath the township of Guanajuatillo over a length of a kilometre. The Guanajuatillo area connects to the Soledad resource blocks to the east as well as to the resource blocks to the west of Guanajuatillo.
These drilling results will enable us to update our NI 43-101 compliant mineral resource estimate over the coming summer months and we look forward to updating shareholders in due course.
In addition, we have recently commenced an underground drilling program using our own compact drilling rig which has been set up to drill the down dip extensions of the SJV and to further aid mine development work."
The drilling programme, which comprised 19 holes for a total of 4,876.75 metres, was completed during April 2015 and followed by sample preparation, analysis, and data compilation.
Please see the link here to view the drill intercepts for 19 holes of the drilling programme In the Guanajuatillo area of the San José vein. www.ariansilver.com/i/pdf/Guanajuatillo-drill-results.pdf
Please see link here to view a schematic plan showing the location of the Phase-5 drill holes along the San José Vein.www.ariansilver.com/i/maps/San-Jose-Vein-System.jpg
All technical information for the San José Project is obtained and reported under a formal quality assurance and quality control programme. The core is logged and photographed by Arian Silver staff and then split using a diamond saw. Half the core is stored on site in a secure facility and the other half is labelled, bagged and secured. Analysis is undertaken at Arian Silver's own laboratory with check samples sent to ACME laboratory in Guadalajara, Mexico.
Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, Chief Executive Officer of Arian Silver, is a "Qualified Person" as defined in the AIM guidelines of the London Stock Exchange, and a "Qualified Person" as such term is defined in Canadian National Instrument 43-101. This press release has been prepared under Mr Williams' supervision and Mr Williams has verified the data disclosed by this release.
For further information please contact:
|Arian Silver Corporation|
Jim Williams, CEO
David Taylor, Company Secretary
Fuad Sillem, Head of Corporate Development
Tel: +44 (0)20 7887 6599
|Northland Capital Partners Limited|
Gerry Beaney / John Howes
Tel: +44 (0)20 7382 1100
|Grant Thornton UK LLP|
Philip Secrett / Richard Tonthat
Tel: +44 (0)20 7383 5100
|Yellow Jersey PR Limited|
Tel: +44 (0)7768 537 739
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 (including without limitation, statements relating to the drilling programme at San José and any updated mineral resource estimate. This forward-looking information reflects the current expectations, beliefs or assumptions of the Company based on information currently available to the Company. 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.
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.