July 20th, 2006
Trading Symbol (TSXV & AIM): AGQ
London, England - Arian Silver Corporation (“Arian” or the “Company”) is pleased to announce that its application to the TSX Venture Exchange (“TSXV”) has been approved and its common shares will begin trading on the TSXV on 21 July 2006 under the symbol “AGQ”. Arian was admitted to trading on London’s Alternative Investment Market (“AIM”) on 25 May 2006 following a merger with AIM-listed Hard Assets Inc. and currently trades under the symbol “AG.”. For consistency, Arian’s AIM symbol will be changed to “AGQ”, effective Monday, 24 July 2006.
Jim Williams, Chief Executive Officer and Director of Arian said, “The co-listing in Canada should increase liquidity in our stock. We are expecting to enlarge our shareholder base with a number of retail investors from Canada and elsewhere in North America”.
Arian was founded by Jim Williams and Tony Williams (no relation). Jim Williams has over 20-years experience in exploration, project construction and mining world-wide. The Company is chaired by Tony Williams who has over 30 years experience of the international mining industry and has been involved in sponsoring several successful mining exploration companies on both the TSX and AIM. Also on the board of directors of the Company are James Cable, Thomas Bailey, David Cohen, and Merfyn Roberts.
Arian, through its 100% owned Mexican subsidiary Arian Silver de Mexico S.A. de C.V., owns 12 mineral concessions in Zacatecas State in central Mexico covering a total of 1,493 hectares, and has options on others in Zacatecas State. Historically, this area produced silver largely through the conventional mining of narrow, high-grade ore shoots. Arian is currently focusing on properties that show potential for using large scale mechanized mining over wider mineralized structures, reducing the overall operating cost per ounce of silver.
The majority of Arian’s existing concessions are brownfield sites where there has been significant silver mining activity in the past. The Calicanto property is the most advanced of these concessions. Calicanto consists of three contiguous mining concessions totalling approximately 45.12 hectares located on the edge of the city of Zacatecas in central Mexico. Calicanto was discovered around 1600 and mined intermittently in colonial times. The mine was in full-scale production from 1948 to 1956, with monthly production of 1,500 to 3,400 dry tonnes averaging 2.3 g/t gold, 110 g/t silver and 2.0% lead.
In August 2005, Arian began the construction of a decline to access the Calicanto vein and workings. At the same time, a channel sampling programme was initiated to provide data on the Calicanto vein and to test for disseminated precious metal mineralisation in the andesitic wallrocks. Samples taken by A.C.A. Howe International Limited during the preparation of Arian’s 43-101 compliant technical report showed silver values varying from 10 g/t to 170 g/t and gold samples ranging from 0.30 g/t to 5.55 g/t.
Arian intends to complete a two-phased work programme on the property totalling US$1.7 million. The first phase of work, expecting to total US$554,625, includes 2,100 m of diamond drilling as well as ground magnetics and remote sensing. The diamond drilling will focus on the highest priority targets, leaving secondary targets for phase two. Remote sensing and ground geophysics are intended to develop, or further define, additional targets for the second phase of exploration. Phase two exploration will consist of 5,000 m of diamond drilling and a follow-up induced-polarization geophysical study.
Arian has a total of 86,615,869 common shares issued and outstanding, of which 8,850,000 are subject to a 12-month lock-in agreement.
On behalf of the Board
“James T. Williams”
Chief Executive Officer and Director
For further information please contact:
Jim Williams, Arian Silver Corporation
+44 (0)20 7529 7511
Tim Draper / Marylène Guernier, Financial Village
+44 (0)20 7520 9393
Mike Jones / Ryan Gaffney, Canaccord Adams Limited
+44 (0)20 7518 2777
Paul Lathigee, Vanguard Shareholder Solutions
+1 (604) 608 0824
0800: 866 398 1088
For further information, please visit Arian’s website: www.ariansilver.com or the Company’s publicly available records at www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Arian Silver Corporation. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company’s filings with the appropriate securities commissions.