Africana and Donovan

The La Africana project is a “brownfield” site approximately 50 kilometres south of the State capital, Zacatecas, and comprises the small-scale and past-producing Africana Mine, and two known veins: the Africana vein and the El Sastre vein.

The Africana vein contains significant zones of high-grade silver mineralisation over respectable widths (up to approximately 5 metres).

Sampling at La Africana has delivered results of up to 824g/t Ag (grab samples) and 1,195g/t Ag (underground sampling). The existing underground workings have been surveyed it appears mining terminated at approximately 50 metres below surface, which coincides with the current water table. Evidence suggests that the mineralisation extends below this level.

No significant sampling has yet been undertaken on the El Sastre vein to date.

A future drill programme would be required to enable a compliant mineral resource to be delineated.

The schematic below shows the location of old mine shafts and vein expressions on the surface:

Donovan 1

Donovan 1 is located to the south-east of La Africana and a short distance south of the Bilbao Volcanic Massive Sulphide (“VMS”) deposit. Importantly from a geological context, it covers the contact between the Pánfilo Natera Batholith and Jurassic Limestones.

Recent preliminary work has identified base-metal mineralisation and the presence of copper skarn mineralisation.

Additional exploration is planned to take place on Donovan 1 with the intention of identifying both skarn and VMS-style mineralisation.

Donovan 2

The Donovan 2 project is located to the south of Arian’s wholly-owned La Africana, Donovan 1 and San Celso projects, and is in close proximity to the well-known and world-class San Nicholas copper zinc deposit.

Arian’s preliminary exploration programme on this project, has identified several areas that exhibit pathfinder indicators of VMS-style mineralisation.

Ground magnetic geophysics should indicate any sub-surface VMS-style mineralisation.

A map of the area of interest is set out here:

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