Last checked at 9 Jan 2017 07:00
Arian Silver Corporation - San Celso Exploration UpdateArian Silver Corporation - San Celso Exploration Update
PR Newswire
London, January 6
ARIAN SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
9 January 2017
San Celso Exploration Update
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico.
These results demonstrate that San Celso contains several largely unexploited high-grade veins and include promising lead and zinc grades.
| Sample ID | True width (m) | Au (g/t) | Ag (g/t) | Pb (ppm) | Zn (ppm) |
| 37551 | 1.2 | 0.037 | 20.1 | 670 | 255 |
| 37552 | 0.95 | 0.018 | 2.5 | 334 | 408 |
| 37553 | 1.8 | 0.435 | 146 | 1950 | 8000 |
| 37554 | 1.05 | 0.059 | 395.9 | 1140 | 3460 |
| SC-S1 | 0.75 | 0.007 | 18.5 | 319 | 520 |
| SC-S2 | 0.55 | - | 28.6 | 314 | 760 |
| SC-S4 | 0.95 | 0.159 | 81 | 13700 | 6200 |
| SC-S7 | 1.2 | 0.608 | 21.4 | 10100 | 6400 |
| SCD001 | Grab Sample | 0.064 | 179 | 890 | 3830 |
| SCD002 | 1.1 | 0.032 | 116 | 660 | 3680 |
| SCD003 | 0.8 | 0.007 | 22.4 | 276 | 1880 |
| SCD004 | 0.75 | 0.165 | 87 | 1350 | 8200 |
| SCD005 | 0.8 | 0.097 | 99 | 1100 | 13900 |
| SCD006 | 2.2 | 0.037 | 286 | 1770 | 6300 |
| SCD007 | Grab Sample | 0.013 | 30.4 | 450 | 7300 |
| SCD008 | Grab Sample | 0.093 | 78 | 1040 | 10700 |
| SCD009 | 0.95 | 0.052 | 350.5 | 1440 | 5000 |
| SCD010 | 0.45 | 0.088 | 346.9 | 2160 | 6600 |
| SCD011 | 1.15 | 0.132 | 253.9 | 3460 | 7000 |
| SCD012 | Grab Sample | 0.053 | 68 | 1660 | 2420 |
| SCD013 | Grab Sample | 0.077 | 111 | 1170 | 7200 |
| SCD014 | Grab Sample | 0.098 | 61 | 1040 | 4500 |
The San Celso project is located in the Pánfilo Natera-Ojocaliente mining district, an emerging district in this part of Mexico which already has defined resources exceeding 100 million ounces of silver. Historical exploration and subsequent reports indicate the presence of five major vein systems that have been previously exploited in parts during colonial times but none of which appear to have been systematically drilled to define a compliant resource.
The preliminary geochemical exploration work at San Celso suggests the silver-lead-zinc mineralisation is indicative of a low sulphidation epithermal system, and initial observations of the vein systems at San Celso indicate similarities to the Company’s previously owned and nearby San José mine where historic mining exploited the San José vein down to approximately 300 metres. At San Celso, historic mining terminated at the water table (approximately 90 metres) and the Company believes there is considerable depth potential to both the San Celso and Las Cristinitas veins.
A schematic map of the area showing the various identified veins is illustrated at:
www.ariansilver.com/assets/img/170109SanCelsoSampling.jpg
Arian Silver owns mineral concessions over approximately 1,500 hectares in the heart of the Zacatecas mining district, which includes the Company’s wholly-owned San Celso project.
Jim Williams, Chief Executive Officer of Arian commented: “We continue to systematically explore our exploration projects, all of which are located in central Zacatecas State. Our initial surface sampling and mapping programme has now been completed on our San Celso project and has resulted in the surface extension of the San Celso and Las Cristinitas veins by over 800 metres. Over the coming months, we shall be focussing on further evaluation of San Celso and nearby mining concessions with the intention of identifying additional areas of mineralisation.”
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
| Arian Silver Corporation Jim Williams, CEO David Taylor, Company Secretary Tel: +44 (0)20 7887 6599 | Northland Capital Partners Limited Gerry Beaney / David Hignell Tel: +44 (0)203 861 6625 |
| OR | OR |
| Beaufort Securities Limited Jon Belliss Tel: +44 (0)20 7382 8300 | Yellow Jersey PR Limited Charles Goodwin / Dominic Barretto Tel: +44 (0)7786 074 466 |
Forward Looking Statement
This press release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are deemed forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.