London-based Arian Silver Corporation (TSXV: AGQ; AIM: AGQ, FSE: I3A) is an exploration, development and production company with a focus on projects in the silver belt of Mexico, known as one of the richest silver-bearing districts in the world.
- Low risk projects in an established silver region
- Commodities: Silver, lead and zinc
- Significant potential to increase resources through further systematic exploration
- Experienced Management with expert knowledge of Mexico's Zacatecas region
- Flagship project: San José is 100%-owned
- No debt
CHF's eNewsletter articles featuring Arian Silver:
Read Arian Silver's Article in CHF Spotlight, Issue No. 64
Read Arian Silver's Article in CHF Spotlight, Issue No. 73
Read Arian Silver's Article in CHF Spotlight, Issue No. 75
San José - Production on the 100% owned project
San José, 6,300 ha, is situated approximately 55 km from Zacatecas City. It is a recently recommissioned past producer of silver, lead and zinc.
The debt free San José project is currently being developed using contract mining and toll milling. A customised company-owned plant is in planning at present with a view to increasing throughput with greater efficiencies. The Company will also be progressing further significant development of new and existing mining areas throughout 2013. Arian Silver is laying foundations to grow into a significant silver producer at a time when fundamentals for silver are very attractive.
The 12 March 2012 CSA Global (UK) Limited (“CSA”) reported resource estimate from phases 1, 2, 3, and 4 drilling (to Feb 2012) states:
- 8.0 Mt grading 119 g/t Ag, 0.38% Pb, 0.85% Zn to contain 30.61 Moz Ag, 67.02 Mlb Pb, 149.91 Mlb Zn; *
- 24.5 Mt grading 110 g/t Ag, 0.38% Pb, 0.76% Zn to contain 86.65 Moz Ag, 205.25 Mlb Pb, 410.50 Mlb Zn;*
The mine has one main 500tpd vertical shaft extending 350m deep and three smaller vertical shafts, all located on the San José Vein (“SJV”). There is also a large underground haulage ramp extending over 4km along the SJV’s main structure.
The main haulage ramp decline has a cross-sectional area of 4m x 5m and can easily accommodate 20t haul trucks.
*The report and resource estimate were independently supervised by Mr. Galen White, BSc (Hons) MausIMM, Principal Geologist, CSA
Global (UK) Limited. Please refer to AGQ news release 12 March 2012.
Click here to watch Arian Silver's CEO discuss how a planned mill will drastically cut the cost of production by over 50%.
Click here to listen to Arian Silver's CEO discuss 117.3 million ounces of silver plus significant lead and zinc in Mexico.
Sustainable Growth Developing Operational Capacity
Other Projects - Zacatecas State
San Celso, Zacatecas State
A Brownfield site with two small shafts that produced around 100tpd of silver ore up until the early 1950’s and many other projects ranging from Greenfield sites to Brownfield sites within a 25 km radius of San Celso. In addition, we hold approximately 500 ha adjacent to the city of Zacatecas/Guadalupe.
Calicanto Group, Zacatecas State
The Calicanto Property, 100%-owned by Arian, consisting of seven contiguous mining concessions amounting to some 80 ha, is located on the edge of the city of Zacatecas. The concessions are in many places contiguous with Capstone Mining’s (Cozamin) 2200 tpd San Roberto Mine. Average grades on the main Calicanto Vein are reported to be 200 g/t to 250 g/t Ag and 0.5 g/t to 1.0 g/t Au. Arian has identified high-grade Ag and Ag-Au mineralisation on the Calicanto Vein open at depth and along strike.
Jim Williams, Co-Founder, Chief Executive Officer
Jim Williams is a professional geologist with more than 20 years of mining experience. For the past six years Mr. Williams has been evaluating silver (and gold) projects in Mexico and is very familiar with both epithermal and VMS systems. Mr. Williams is a Fellow of the UK IMMM, a CEng and a CGeol. He is also a Eur. Ing., and a Euro. Geol.
Tony Williams, Co-Founder, Chairman
Tony Williams has 30 years experience in the international mining industry. Mr. Williams is Chairman and controlling shareholder of the Dragon Group, which he founded in 1995.
James Crombie, Non-Executive Director
James Crombie holds a degree in Mining Engineering from the Royal School of Mines, London. He has 25+ years of mining experience including management in various gold and diamond projects as well as in the mining investment community.
James Cable, Non-Executive Director
James Cable is a financial director with extensive experience at board level in quoted and entrepreneurial private companies. He has been a chartered accountant for 30 years.
Tom Bailey, Non-Executive Director
Tom Bailey qualified as a solicitor in 1975 and worked as an in-house lawyer for a number of years with Citibank and Chase Manhattan before returning to private practice to establish a law firm which ultimately became one of the top 500 law firms in London.
John Mayfield, Chief Financial Officer
John Mayfield, fluent in Spanish, is a member of both the Chartered Institute of Management Accountants and the Association of Chartered Certified Accountants, and has over 20 years senior financial leadership experience, including roles based in Mexico and Latin America.
David Taylor, Company Secretary
David Taylor is a Chartered Secretary with 10+ years of corporate experience gained with private, public and multinational companies.
Miguel Barahona, B. Sc., M.Eng, Operations Director, Arian Silver Mexico
Miguel Barahona has spent over 20 years working internationally within various respect of the mining industry. He has held senior positions for major mining operations, and designed mining processes for narrow vein mining.