September 18th, 2006
Arian Silver Corporation (“Arian” or the “Company”) (AIM/TSX-V: AGQ) announces that it has completed the initial phase of underground sampling, surveying and geological mapping at its San Celso mine workings located in Zacatecas State, Central Mexico.
The San Celso project area covers a number of colonial-era silver mines and prospects, including the San Celso and Las Cristinitas mines. Past production focused on narrow high-grade ore-shoots that were conventionally mined to the water table, at approximately 120m depth.
In early 2006, Arian installed ladders into the San Celso mine to access the underground workings to facilitate mapping and sampling of the high-grade silver epithermal veins hosted in Tertiary-aged granodiorites. The main vein that has been explored in this part of the programme is the San Celso vein, which consists of banded quartz and calcite with a low sulphide content. This vein strikes 109o and has a dip of approximately 70o to the southwest with a thickness that varies from 0.5 metres (“m”) to 2m with an average of 1.1m. The historic mine workings exploited the vein with two shafts and a number of levels.
The aim of this programme is to obtain information on the grade and thickness of the veins to ascertain whether they are amenable to larger-scale underground mining. The mine workings have also been surveyed to determine the optimum location of drill holes in a future exploration programme.
Underground geological mapping has identified a previously unexploited vein, which is approximately 2m to 4m into the foot-wall of the main San Celso vein. Both of these structures have been sampled and have returned bonanza-grade silver values. The altered granodiorites between these two veins contained numerous veinlets, and samples taken from the altered granodiorites between these two structures also returned silver grades.
Arian believes that with the presence of these two structures and the silver mineralisation in stockwork veining between and adjacent to the veins, there is potential for a wider zone of mineralisation.
To date, Arian’s geologists have taken 175 samples from the San Celso workings. Samples were taken from across the face of the veins and in adjacent country rock. The sample thicknesses represent the true thickness of the structures. Assay data is summarised in Table 1.
All technical information for the San Celso property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are submitted to BSi/Inspectorate sample preparation facility in Durango, Mexico, for drying, crushing and pulverizing. BSi/Inspectorate, Durango, then sends the sample pulps by air-freight to BSi/Inspectorate’s laboratory in Reno, Nevada, for analysis. Systematic assaying of duplicates is performed for precision and accuracy; check assays are regularly conducted by BSi/Inspectorate. High-grade (>750 g/t Ag) intervals are re-sampled and sent to ALS Chemex preparation facility in Guadalajara, Mexico, with sample pulps shipped to the ALS Chemex laboratory in Vancouver, British Columbia, for analysis.
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.
Table 1: Summary of selected sampling results from the San Celso workings. -------------------------------------------- SAMPLE WIDTH (M) AG (G/T) AG (OZ/T) -------------------------------------------- SC008 1.4 364 10.61 SC014 0.8 1,312 38.15 SC015 0.85 1,177 34.23 SC021 1.7 644 18.71 SC023 1.7 636 18.49 SC024 2.25 336 9.76 SC026 2.05 398 11.58 SC035 2.5 268 7.78 SC040 2 165 4.78 SC047 1.15 1,044 30.36 SC050 1.1 373 10.85 SC051 1.45 299 8.68 SC052 1.5 335 9.74 SC053 1 469 13.64 SC060 1 582 16.92 SC063 1.05 401 11.68 SC065 2 174 5.07 SC071 1.9 312 9.07 SC076 3 234 6.81 SC085 1.7 259 7.53 --------------------------------------------Jim Williams, Arian’s CEO, stated, “Again we are getting very encouraging results from one of the many projects we are currently evaluating. We are finding additional structures in both the footwall and hanging wall of high-grade epithermal veins that have not previously been systematically analysed for silver. If we continue to find sufficient strike of these mineralised structures within close vicinity of the existing vein material we may have a model similar to that at our Calicanto system. At Calicanto, economic grades between previously exploited veins could lead to mineable widths of in excess of 4m, which could support mechanised mining as opposed to the more labour intensive conventional mining methods.”
Mr. Jim Williams, Eur Ing, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian Silver Corporation, is a “Competent 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).
Additional information with respect to the San Celso project 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”.
For further information please contact:
Jim Williams / Alex Harrison, Arian Silver Corporation
+44 (0)20 7529 7511
Jonathan Gollins / Marylène Guernier, M:Delta
+44 (0) 20 7153 1268
Mike Jones / Ryan Gaffney, Canaccord Adams Limited
+44 (0)20 7518 2777
Investor Relations, Vanguard Shareholder Solutions
+1 (604) 608 0824
0800: 800 898 0825
Arian Silver Corporation is a silver exploration company listed on London’s AIM and on Toronto’s TSX Venture Exchange. Arian is currently active in Mexico, the world’s largest silver producing country. Arian’s 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.
Arian was founded by Jim Williams and Tony Williams (no relation), who together have over 50 years experience in exploration, project construction and mining worldwide. Arian is supported by the Dragon Group in London, and the Endeavour Group in 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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 the exploration results, potential mineralization and resources, and the Company’s exploration and development plans) 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 drilling 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.