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EPIC: AGQ
Market: AIM
52-week High/Low: 1.45p / 0.55p
Sector: General Mining - Silver
Market Cap: 0.28M
Phone: +44 (0)20 7887 6599
Address: Berkeley Square House, Berkeley Square, London W1J 6BD.
Website: www.ariansilver.com
Arian Silver Corp

Arian Silver Corp

Arian Silver Corporation is a publicly traded company (AIM: AGQ) led by experienced mining professionals who are committed to the responsible production of silver in Mexico.

 

Arian Silver Corp

www.ariansilver.com

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Big picture - Why invest in Arian Silver Corp


Arian Silver Corp Snapshot

PROJECTS

Arian Silver possesses almost 1,500 hectares of mineral concessions within central Zacatecas, Mexico, which includes brownfield sites and past-producing mines. These mineral concessions have been reviewed by Arian Silver’s geologists and a low cost work programme to advance targeted exploration is underway.

LOS CAMPOS PROPERTY

The Los Campos project covers approximately 500 hectares and is located in the southern part of the Zacatecas District, a world-class epithermal silver-gold district that has historic production in excess of 1 billion ounces of silver and nearly 10 million ounces of gold. The Los Campos was reportedly an important producer of silver in colonial times, and surface workings consist of four vertical shafts of unknown depth. In the centre of the project is an inactive kaolin quarry.

The geology of the Los Campos concession consists of intermediate volcanic rocks overlain by rhyolite, rhyolite tuff and red conglomerates. Very little is known about mineralisation on the Los Campos property. What is visible on the dumps appears to be epithermal in nature and similar to mineralisation elsewhere in the Zacatecas district. The prominent 200m x 100m illite-smectite hydrothermal alteration pipe is thought to be the barren clay alteration cap that has formed above an epithermal silver-gold deposit.

In the south of the prospect outcrops rocks of the Eocene conglomerate that could be a favourable host for quartz stockwork veining and disseminated silver-gold mineralisation, similar to that found at the Laguna Zacatecana prospect east of Zacatecas.

Ten samples were taken by the Mexican government in the 1980’s from the two dumps associated with the main shafts. These dumps were estimated to contain 9,000 tonnes averaging 134 g/t Ag. Similar data is available for the San Vincente dumps, which were estimated to contain 27,681 tonne averaging 123 g/t Ag.

 

Figure 1 Los Campos concession map    Figure 2 Los Campos    Figure 3 Los Campos

OJOCALIENTE PROPERTIES

Arian has several concessions in the south of Zacatecas near the towns of Ojocaliente and General Pánfilo Nateras. Access to these properties is by paved road to nearby villages and then unimproved dirt roads to the respective properties. All properties are within 50 kilometres of Zacatecas.

Rocks exposed in the area range in the age from Triassic to recent. The area consists of a large north-west trending anticlinal structure and an intermediate intrusive exposed in the core. The unit intrudes schist, limestone and marl, which are all overlain by Tertiary andesites. All of these units are partially, or in some cases wholly covered by Tertiary rhyolitic volcanics. Felsic porphyries cut the sediments, the batholith and the andesites.

There are two mineralising events in the Ojocaliente area. The oldest is related to the Pánfilo Nateras batholith and consist of Ag, Pb, Zn and Cu replacement mineralisation in the limestones. The younger mineralisation type occurs as epithermal veins in both sedimentary and intrusive rocks.

The precise date of the discovery of the first mines in the area is not known but is thought to be around 1600. Many of the veins in the area produced from near surface oxidized material and some of the silica rich material was reportedly used as smelter flux.

SAN CELSO PROPERTY

The San Celso property covers a number of colonial era mines that have mined a number of veins to a depth of approximately 100 metres, which is the depth of the local water table. Each of the accessible mines has numerous stopes indicating the presence of high grade shoots within the San Celso and Las Cristinitas veins.

Mineralisation occurs as low sulphidation epithermal veins. The vein thicknesses range from 0.5 to 4.5m. There are two principal veins – the San Celso and Las Cristinitas veins they are both approximately one to five metres wide. Arian has completed underground mapping and sampling of both veins that suggest high grade silver mineralisation continues beneath and along strike from the historic workings.

Project scale mapping and sampling has discovered several unexploited veins that have returned grades in excess of 100 g/t Ag with minor gold and base metal credits that suggest that additional silver-bearing structures exist.

Figure 4 Las Cristinitas Vein    Figure 5 Las Cristinitas Vein    Figure 6 Las Cristinitas Vein

 

Other properties in the Ojocaliente area include:

La Africana and Ampliacion El Cabezon

2 small concessions covering a high grade epithermal vein. Arian has conducted underground geological mapping and sampling of 2 narrow, high grade silver veins that have returned values of up to 1195 g/t Ag, 0.55 g/t Au, 0.98% Zn, 0.6% Pb, and 0.04% Cu.

Donavan 1

The Donovan 1 prospect covers a number of wollastonite tungsten quarries with minor copper oxides suggesting that they may be related to a volcanic-hosted massive sulphide deposit.

Donavan 2

The Donovan 2 concession covers a number of prospects that have minor copper oxides on fractures in dump material. Surface mapping identified numerous areas with silicified, iron stained andesites that could represent exhalites peripheral to a Volcanic massive sulphide deposit similar to San Nicolas (Teck - 80Mt @ 1.6% Cu) found 24km to the NE.

Figure 7 Donavon 2 concession map    Figure 8 San Celso, Donovan 1 and Africana Properties    Figure 9 Donovan 2 panorama view

 

Jim Williams 
Chief Executive Officer

Jim Williams is a professional geologist with over 30 years’ experience in exploration, development and mining (underground and open pit), evaluation and management. Mr Williams holds BSc, MSc and D.I.C. degrees in Geology, Geo-mechanics, mineral exploration and evaluation. In addition Mr Williams is a Fellow of the Institute of Mining, Metallurgy and Materials (FIMMM), a Chartered Engineer (CEng), Chartered Geologist (CGeol), European Engineer (Eur Ing) and European Geologist (Eur Geol) and is therefore a “Qualified Person” under the rules of the Toronto Stock Exchange and a “Competent Person” under the rules of the London Stock Exchange.

Mr Williams has published work including a diamond policy study review in Sierra Leone on behalf of the UK government, and has worked as an expert witness for a leading London-based law firm.

Tony Williams
Chairman

Tony Williams has 30 years’ experience in the international mining industry, having been involved in projects in the Americas, Australia, Africa and Europe and the former Soviet Union. Mr Williams holds a number of directorships in public and private companies engaged principally in mining finance and mineral exploration.

James Crombie 
Independent non-executive director

Mr. Crombie is a mining engineer with over 30 years of broadly based experience in the mining industry. Mr. Crombie has held several senior executive positions with various mining companies, including Hope Bay Gold Corporation, Palmarejo Silver & Gold Corporation until its merger with Coeur d’Alene Mines, and was a mining analyst and investment banker with Shepards, Merrill Lynch, James Capel & Co. and Yorkton Securities. Mr. Crombie is also currently an officer or director or both of a number of publicly-traded resource companies. He graduated from the Royal School of Mines, London, with a Bachelor of Science (Hons).

James Cable 
Independent non-executive director, Audit Committee Chair

James Cable has been a chartered accountant for over 35 years and is a finance director with extensive experience at board level in quoted and entrepreneurial private companies. He has significant international and commercial experience gained in the Middle East, Africa, Far East and Europe in several business sectors including natural resources and construction. He is a former Finance Director of Kopane Diamond Developments Plc and Mantle Diamonds Ltd. and advises natural resources companies on corporate strategy and project finance.

Tom Bailey 
Independent non-executive director, Nomination and Remuneration Committee Chair, Corporate Governance Committee Chair

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. Mr Bailey was the senior partner of his firm specialising in commercial law. Mr Bailey has for a number of years carried out consultancy work for various companies.

David Taylor
Company Secretary

David Taylor is a Fellow of The Institute of Chartered Secretaries and Administrators (“ICSA”), has held senior roles in a number of international blue chip companies, and most recently served as Assistant Company Secretary of ICSA, a leading authority on governance and compliance.
 

CAPITAL STRUCTURE

 
The authorised share capital of the Company is unlimited with no par value.

The Company's capital structure as of the date stated as last updated below, consists of:

Issued share capital 183,694,941
Share options outstanding
50,000 at GB£2.00/Cdn$3.2077 expiring 29 May 2017
725,000 at GB£0.70/Cdn$1.09123 expiring 29 May 2018
6,250,000 at GB£0.01 expiring 2 February 2022
2,250,000 at GB£0.01 expiring 9 February 2022
9,275,000
Share Warrants
79,787,493 exercisable at £0.015 expiring 27 February 2019
35,000,000 exercisable at £0.015 expiring 28 April 2019
114,787,493
Fully diluted Issued Share Capital 307,757,434

 

The Company has been notified of the following holders of more than 3% of its share capital:

Date of Notification Registered Holder Number of shares Percentage of capital
14 February 2017 Beaufort Nominees Ltd 12,935,840 7.0%

In accordance with AIM Rule 26, in so far as the Company is aware and as of the date below, the percentage of the Company's issued share capital that is not in public hands is 2.8%.

Last updated on 2 March 2017

 

Arian Silver Corporation
Berkeley Square House
Berkeley Square
London W1J 6BD
United Kingdom

Tel: +44 (0)20 7887 6599
Fax: +44 (0)20 7887 6598

CORPORATE DIRECTORY

Head Office

Arian Silver Corporation
Berkeley Square House
Berkeley Square
London W1J 6BD United Kingdom
Tel: +44 (0)20 7887 6599
Fax: +44 (0)20 7887 6598

Registered Office

Craigmuir Chambers
P.O. Box 71
Road Town
Tortola Virgin Islands, British

Nominated Advisor

Northland Capital Partners Limited
131 Finsbury Pavement
London EC2A 1NT​ United Kingdom
Tel: 020 7382 1100

Broker

Beaufort Securities Limited
131 Finsbury Pavement
EC2A 1NT United Kingdom
Tel: 020 7382 8300

Technical Expert

CSA Global (UK) Limited
2 Peel House, Barttelot Road
Horsham RH12 1DE United Kingdom

Financial PR

Yellow Jersey PR Limited
76 Great Suffolk Street
London SE1 0BL United Kingdom

Auditor

BDO LLP
55 Baker Street
London W1U 7EU United Kingdom

Registrar

Computershare Investor Services (BVI) Limited
c/o Queensway House
Hilgrove Street
St Helier JE1 1ES Jersey
Email: [email protected]
Tel: +44 (0) 370 707 4040
Fax: +44 (0) 370 873 5851

UK Depository Registrar

Computershare Investor Services Plc
The Pavilions, Bridgewater Road
Bristol BS99 7NH United Kingdom

Arian Silver Corp Timeline

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December 20 2016

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