Alien Metals Regulatory News (UFO)

21 Jul 2006 07:00

Arian Silver Corporation21 July 2006 ARIAN SILVER CORPORATION LISTS ON THE TSX VENTURE EXCHANGE AIM LONDON TRADING SYMBOL TO CHANGE TO "AGQ" 21 July 2006 Trading Symbol (TSXV & AIM): AGQ London, England - Arian Silver Corporation ("Arian" or the "Company") is pleasedto announce that its application to the TSX Venture Exchange ("TSXV") has beenapproved and its common shares will begin trading on the TSXV on 21 July 2006under the symbol "AGQ". Arian was admitted to trading on London's AlternativeInvestment Market ("AIM") on 25 May 2006 following a merger with AIM-listed HardAssets 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, "Theco-listing in Canada should increase liquidity in our stock. We are expecting toenlarge our shareholder base with a number of retail investors from Canada andelsewhere in North America". Arian was founded by Jim Williams and Tony Williams (no relation). Jim Williamshas over 20 years experience in exploration, project construction and miningworld-wide. The Company is chaired by Tony Williams who has over 30 yearsexperience of the international mining industry and has been involved insponsoring several successful mining exploration companies on both the TSX andAIM. Also on the board of directors of the Company are James Cable, ThomasBailey, David Cohen, and Merfyn Roberts. Arian, through its 100% owned Mexican subsidiary Arian Silver de Mexico S.A. deC.V., owns 12 mineral concessions in Zacatecas State in central Mexico coveringa total of 1,493 hectares, and has options on others in Zacatecas State.Historically, this area produced silver largely through the conventional miningof narrow, high-grade ore shoots. Arian is currently focusing on properties thatshow potential for using large scale mechanized mining over wider mineralizedstructures, reducing the overall operating cost per ounce of silver. The majority of Arian's existing concessions are brownfield sites where therehas been significant silver mining activity in the past. The Calicanto propertyis the most advanced of these concessions. Calicanto consists of threecontiguous mining concessions totalling approximately 45.12 hectares located onthe edge of the city of Zacatecas in central Mexico. Calicanto was discoveredaround 1600 and mined intermittently in colonial times. The mine was infull-scale production from 1948 to 1956, with monthly production of 1,500 to3,400 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 theCalicanto vein and workings. At the same time, a channel sampling programme wasinitiated to provide data on the Calicanto vein and to test for disseminatedprecious metal mineralisation in the andesitic wallrocks. Samples taken byA.C.A. Howe International Limited during the preparation of Arian's 43-101compliant technical report showed silver values varying from 10 g/t to 170 g/tand 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 totallingUS$1.7 million. The first phase of work, expecting to total US$554,625, includes2,100 m of diamond drilling as well as ground magnetics and remote sensing. Thediamond drilling will focus on the highest priority targets, leaving secondarytargets for phase two. Remote sensing and ground geophysics are intended todevelop, or further define, additional targets for the second phase ofexploration. Phase two exploration will consist of 5,000 m of diamond drillingand a follow-up induced-polarization geophysical study. Arian has a total of 86,615,869 common shares issued and outstanding, of which8,850,000 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: In London: Jim Williams, Arian Silver Corporation +44 (0)20 7529 7511 Tim Draper / Marylene Guernier, Financial Village+44 (0)20 7520 9393 Mike Jones / Ryan Gaffney, Canaccord Adams Limited+44 (0)20 7518 2777 In Vancouver:Paul Lathigee, Vanguard Shareholder Solutions+1 (604) 608 08240800: 866 398 1088 For further information, please visit Arian's website: www.ariansilver.com orthe Company's publicly available records at www.sedar.com. The TSX Venture Exchange has not reviewed and does not accept responsibility forthe adequacy or accuracy of this release. The foregoing information may containforward-looking statements relating to the future performance of Arian SilverCorporation. Forward-looking statements, specifically those concerning futureperformance, are subject to certain risks and uncertainties, and actual resultsmay differ materially. These risks and uncertainties are detailed from time totime in the Company's filings with the appropriate securities commissions. This information is provided by RNS The company news service from the London Stock Exchange