The San José project is located 55km southeast of Zacatecas city within the prolific silver belt of Mexico. The property consists of 11 mining concessions totalling approximately 6300ha and is 100% owned by Arian Silver.
The mineralization at San José is typical of low-to intermediate sulphidation type epithermal veins containing silver and base metals that are found elsewhere in Mexico.
The vein structure has a potential strike length of > 10km within the concession area and varies from 3 to 25m in thickness. The average strike of the vein is E-W and dipping very steeply, from 82° to 85° to both northeast and southwest.
The property has significant infrastructure, including a 4.5x5m main haulage ramp or portal extending more than 4.0km along the San José Vein and a 350m deep, 500tpd vertical shaft with operational hoist. In addition, a number of shallower vertical shafts are located along the San José Vein.
Arian Silver commenced detailed systematic exploration at San José in December 2006 to include surface Induced Polarisation ("IP") geophysics and trenching, underground and surface surveying, underground sampling, progressing onto four phases of drilling to date for some 38,000 metres.
The Phase 5 programme is proposed to commence later this year with the intention to complete another 10,000m of drilling to both upgrade the current mineral resources and further delineate additional resources.
Arian Silver enjoys exclusive use of a toll mill 50km from the Company's San José mine. The mill is privately owned and operated by Beneficiadora de Jales y Minerales Juan Reyes SA de CV ("Juan Reyes"), has a maximum capacity of 500tpd and benefits from two separate flotation streams to extract zinc in addition to lead and silver concentrate.
The Company remains focused on building its own bespoke mill adjacent to the San José mine; such a facility is expected to considerably reduce total operating costs. A second-hand processing plant which appears to be suitable for treating the San José ore has been identified and discussions regarding its acquisition have begun. Further updates will be announced via RNS in due course.
The "Qualified Person" (as such term is defined in Canadian National Instrument 43-101) who supervised the preparation of the updated resource estimate for the San José Project, is Mr Galen White, who is an employee and Principal Geologist of independent consultants CSA Global (UK) Limited.
Mr Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief Executive Officer of Arian, is a "Qualified Person". This web page has been prepared under Mr Williams' supervision. Mr Williams has verified the data disclosed in this web page including sampling, analytical and test data underlying the technical information included herein, and the mineral resource estimate disclosed herein.