January 10th, 2007
Arian Silver Corporation (“Arian” or the “Company”) announces that it has acquired a new mining claim covering approximately 12,500 hectares (ha). The new mining claim, called Tepal #2 (“Tepal #2” or the “Tepal #2 Property”), surrounds the five Tepal mining claims that Arian already has under option (“Tepal” or the “Tepal Property”). The acquisition of this new claim has increased Arian’s land position in the Tepal district to approximately 14,000 ha.
Jim Williams, CEO of Arian, said “This additional land package has increased our land holdings tenfold in the district, and complements our existing property, Tepal, where several drill-ready exploration targets were identified by Teck during the 1990’s through geochemical surveys. We believe the project has excellent potential. We plan on drilling some of the said targets during a Phase 1 programme commencing in the second quarter of 2007.”
Tepal #2 covers a number of mineralized gossans and areas of alteration and oxidation that Teck Cominco (Teck) discovered in the 1990’s, when they conducted a regional reconnaissance sampling program. These gossans are very similar in appearance to the rocks that host the mineralization on the Tepal Property, where drilling by INCO, Teck and Hecla outlined a non-compliant resource as detailed in the release dated 9th August 2006.
Teck also completed a geochemical survey over the entire surface of the Tepal Property, and they identified a number of large, co-incident copper-gold anomalies that appear to trend off the Tepal Property and onto the surrounding Tepal #2 Property. Silver was not systematically explored for as Teck was interested in the project as a copper-gold porphyry target, regarding silver only as a by-product.
The presence of the same igneous rocks and alteration types to those that host the mineralization on the Tepal Property indicate that there is excellent potential to identify additional areas of mineralization on the Tepal #2 Property.
Arian has obtained all relevant permissions to conduct exploration on both Tepal properties, without payments or royalties to be made to the landowners. All environmental permits have been approved and Arian will be starting its exploration programme over the Tepal properties during the first quarter of this year, with drilling planned in the second quarter of this year.
Arian has also engaged Infoterra, a British-based geographical information systems (GIS) company, to conduct a remote sensing survey over the Tepal properties to identify additional areas of potential mineralization. PhotoSat, of Canada, has also been contracted to produce a detailed topographical map of the properties, which will be used as the base map for a new National Instrument (N.I.) 43-101 technical report.
Jim Williams, CEO of Arian Silver, said “We are hoping that the remote sensing survey identifies a number of target areas that we can explore in the near future. The fact that we have also received permission from the landowners to explore the Tepal group of properties means that we are on track with our goals to evaluate the silver potential of the Tepal Property and to establish NI 43-101 compliant mineral resource estimates for Tepal. That we have achieved this with no financial commitment illustrates our exemplary relations within Mexico at all levels”.
Additional information with respect to the Tepal Property is contained in a technical report prepared by A.C.A. Howe International Limited, dated September 18, 2006, and entitled “Technical Report on the Tepal Project, Michoacán, Mexico”.
Mr. Jim Williams, Eur Ing, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian, 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 information disclosed by this release.
For further information please contact:
Jim Williams / Alexandra Harrison,
Arian Silver Corporation
+44 (0)20 7529 7511
Britton Financial PR
+44 (0) 20 7251 2544
Mike Jones / Ryan Gaffney,
Canaccord Adams Limited
+44 (0)20 7050 6500
Vanguard Shareholder Solutions
+1 (604) 608 0824
Toll free: 1866 898 0825
Arian Silver Corporation is a silver exploration company listed on London’s AIM and “PLUS”, on Toronto’s TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world’s largest silver producing country. The Company’s main projects are the Calicanto and San Celso projects in Zacatecas state, the Tepal project in Michoacán State and the newly acquired San José Property in Zacatecas State. Part of Arian’s forward-looking 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, and to build up NI 43-101 compliant resources.
Arian was founded by Jim Williams and Chairman Tony Williams, 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 does not accept responsibility for the adequacy or accuracy of this release.
This press release containscertain “forward-looking statements”. All statements,other than statements of historicalfact, thataddressactivities,eventsordevelopmentsthattheCompanybelieves,expects oranticipates willormayoccur inthefuture(including,withoutlimitation, statementsregardingpotential mineralresources, exploration results, potential mineralization, and the Company’s exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflectthe current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements aresubject to a number ofrisks and uncertaintiesthatmay cause the actualresults ofthe Company todiffer materiallyfromthose discussed in the forward-lookingstatements, andeven ifsuch actualresults are realizedor substantially realized,therecan benoassurancethatthey willhavetheexpectedconsequencesto, ore ectsontheCompany. Factorsthatcouldcauseactualresultsoreventstodi ermateria yfromcu ent expectationsinclude, among other things,uncertainties relating to theavailabilityandcosts of financingneeded in the future, changes in commodity prices, changes in equity markets, political developments in Mexico, changestoregulationsa ectingthe Company’s activities,delaysinobtaining or failurestoobtainrequired regulatory approvals,theuncertaintiesinvolvedininterpretingexploration resultsandother geological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statementspeaksonlyasofthedateonwhich itismadeand,exceptasmayberequiredbyapplicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whetherasaresultofnewinformation,futureeventsorresultsorotherwise. AlthoughtheCompanybelieves thatthe assumptionsinherentinthe forward-lookingstatements arereasonable,forward-looking statements are notguaranteesoffuture performance and accordinglyundue relianceshould not be put onsuchstatements due to the inherent uncertaintytherein.