Arian Silver Corporation (TSXV: AGQ) (AIM:AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report assay results from a further 11 holes recently drilled at its 100%-owned San Jose Property in Zacatecas State, Mexico.
Highlights:
• High-grade silver intersected in latest round of drilling;
• Mineralisation intersected in 11 out of 12 holes;
• A total of 32 holes completed for 7,626 metres (“m”), representing approximately 76% of the Phase 3 drill program;
• Mineralisation remains completely open along strike and depth.
Commenting on today’s drilling update, Arian’s Chief Executive Officer, Jim Williams, said: “Once again everyone is highly encouraged by the latest results from our current phase of drilling along the San Jose Vein (“SJV”). We continue to confirm the presence of significant silver mineralization in a westerly direction along the strike of the SJV with the latest batch of drill core results. We have now completed 32 holes, which represents approximately 76% of the current program moving further west following the extensive strike of the SJV.
“Once this current drill program is complete, drilling will continue under a new program. We are now working to update our resources. An updated NI 43-101 estimate will be undertaken upon conclusion of this 10,000m drill programme; in addition to drill data from this program, much of the previously completed Phase 2 drill program will alsobe incorporated.”
Drilling continues using two ‘Longyear 44’ drill rigs. Thirty-two drill holes have been completed to date for a total of 7,626m. The latest batch of results is from eleven drill holes that were positioned west of the village of Guanajuatillo and continue to confirm, as expected, the continuation of silver mineralization along the SJV in a westerly direction.
Mineralized intercepts were assayed in all eleven drill holes and a selection of these assayed intercepts includes:
• Hole GW-11-007 comprising 1.10m with 265.2 g/t Ag with additional mineralised intercepts further down the hole;
• Hole GW-11-009 comprising 1.65m with 167.0 g/t Ag with additional mineralised intercepts within the hole;
• Hole GW-11-010 comprising 1.22m with 97.5 g/t Ag with additional mineralised intercepts within the hole, including 0.73m with 406.1 g/t Ag;
• Hole GW-11-012 comprising 1.22m with 201.5 g/t Ag with additional mineralised intercepts deeper within the hole;
• Hole GW-11-014 comprising 3.99m with 201.7 g/t Ag and 1.36% Zn;
• Hole GW-11-016 comprising 1.99m with 167.2 g/t Ag with additional mineralisation further down the hole with 3.39m with 107.2 g/t Ag;
• Hole GW-11-017 comprising 1.03m with 355.6 g/t Ag including 0.46m with 940 g/t Ag, and with additional mineralised intercepts further down the hole, including 2.10m with 213.4 g/t Ag and 0.93m with 297.4 g/t Ag;
The locations of the current drill holes, in relation to previous holes in this target area and other areas of the SJV, are shown on the plans, which can be found at:
Further step-out and infill drilling is still concentrating in the area west of Guanajuatillo village and the results of this drilling will be reported when received.
