Arian Silver Corporation is a silver exploration, development and production company with a focus on projects in the silver belt of Mexico; one of the richest known silver-bearing districts in the world.
15/10/2014Jim Williams, the chief executive of Mexico-focused Arian Silver (LON:AGQ, CVE:AGQ), has called the US$32mln financing announced today ‘a big relief’. He says it is an achievement given the current climate for raising money. Williams says construction of the San Jose silver mine is ‘95% complete’, with production expected to start towards the end of 2014 and first revenues early next year.
06/11/2013Jim Williams, CEO of Arian Silver (LON:AGQ CVE:AGQ), tells Proactiveinvestors that having bought a mill and successfully undertaken a capital raising this summer, the company can move to full production. Jim says 2014 will be a defining year for the company.
29/01/2013Jim Williams CEO Arian Silver (LON:AGQ TSX-V:AGQ) tells Proactiveinvestors at the VRIC 2013 that toll milling is due to start "any time now" at 500 ton per day as the company builds its own mill with a view to making significant cost savings. At the same time Arian is undertaking a drill programme to expand the mine. Jim also says that Arian is in talks with institutional investors to help fund the plans for 2013.
04/10/2012Jim Williams, Arian Silver CEO (LON:AGQ CVE:AGQ) tells Proactiveinvestors that while the company is waiting for the interim mill to be agreed upon the ultimate goal is to work towards a bespoke mill to increase milling capacity and ultimately bring production costs right down. Jim also talks about Arian's biggest shareholder which is also one of world's biggest silver investors -- Sprott Asset Management
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Arian's initial strategy is to:
1. Obtain advanced and low-cost (acquisition cost) silver projects and rapidly build up resources in the ground. Arian is focusing its exploration efforts in one of the richest known silver-bearing districts in the world - the Zacatecas State of Mexico.
2. Focus on projects with prior exploration and production history, thereby reducing risks and capital costs.
Arian's forward-looking strategy is to:
1. Develop projects towards production through a combination of company development and/or Joint Venture (JV) and acquisition opportunities.
2. Building shareholder value by expanding silver resources and reserves, and increasingly efficient production.
The San José project is located 55km southeast of Zacatecas city within the prolific silver belt of Mexico. The property consists of 11 mining concessions totalling approximately 6300ha and is 100% owned by Arian.
The mineralization at San José is typical of low-to intermediate sulphidation type epithermal veins containing silver and base metals that are found elsewhere in Mexico. The vein structure has a potential strike length of > 10km within the concession area and varies from 3 to 25m in thickness. The average strike of the vein is E-W and dipping very steeply, from 82° to 85° to both northeast and southwest.
Arian commenced detailed systematic exploration at San José in December 2006 to include surface Induced Polarisation (“IP”) geophysics and trenching, underground and surface surveying, underground sampling, progressing onto four phases of drilling to date for some 38,000 metres.
The most recent NI 43-101 resource was prepared by CSA Global (UK) and published in March 2012,
Indicated: 8.0 Mt @ 119 g/t Ag, 0.38% Pb & 0.85% Zn (30.61 Moz Ag, 67.02 Mlb Pb & 149.91 Mlb Zn);
Inferred: 24.5 Mt @ 110 g/t Ag, 0.38% Pb & 0.76% Zn (86.65 Moz Ag, 205.25 Mlb Pb & 410.50 Mlb Zn).
The next drilling programme (Phase 5) is planned to complete another 10,000m to both upgrade the current mineral resource and further delineate additional resources.
The property has significant infrastructure, including a 4.5x5m main haulage ramp or portal extending more than 4.0km along the San José Vein and a 350m deep, 500tpd vertical shaft with operational hoist. In addition, a number of shallower vertical shafts are located along the San José Vein.
Arian commenced in late 2010 pilot-scale mining at San José on a contract basis, at a rate of up to 500tpd, for 20 days per month (3 x 8hrs shifts).
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Arian owns 100% of the Calicanto Project which consists of seven adjacent mining concessions and at least four main mineralised vein systems, over a 75.5ha area, namely: Calicanto, Vicochea I, Vicochea II, Misie 1 and Misie 2, and Missie 1 and Missie 2 properties, collectively known as the "Calicanto Group". These concessions are located in the historic mining district of Zacatecas. The Company is presently deferring capital investment into the Calicanto Project and focusing its efforts on San Jose for the forseeable future.
Calicanto concession area and workings with veins superimposed
Jim Williams, Co-Founder, Chief Executive Officer and Director
Jim Williams is a professional geologist with more than 25 years of mining experience, 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 and Director
Tony Williams has 30 years experience in the international mining industry.
David Taylor - Company Secretary
A Chartered Secretary with 10+ years of corporate experience gained with private, public and multinational companies.
Dean Friday - CFO
A Chartered Accountant with significant experience in senior financial positions, Mr. Friday has a great deal of onsite and corporate experience in the mining industry and has spent several years in investment banking.
Miguel Barahona, B. Sc., M.Eng, Director, Arian Silver Mexico
Mr. 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.
The Company's major shareholders as of the date below are:
Sprott Asset Management 14.4%
The most recent notification received by Sprott Asset Management was on 7 June 2013.
In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 16.5%
Last updated on 14 January 2014.
UK Representative Office:
Arian Silver Corporation
Berkeley Square House
Tel: +44 (0)20 7887 6599
Arian Silver Corporation
Berkeley Square House
London, W1J 6BD
Tel: +44 (0)20 7887 6599
Fax: +44 (0)20 7887 6598
Registrar and Transfer Agent, Europe:
Computershare Investor Services PLC
P O Box 82
Bristol, BS99 7NH
Tel: +44 (0)870 703 6350
Fax: +44 (0)870 703 6101
Registrar and Transfer Agent, North America:
Computershare Investor Services Inc
100 University Avenue
9th Floor, North Tower
Ontario, M5J 2Y1
Tel: +1 514 982 7555
Toll Free: 0800 564 6253
Grant Thornton UK LLP
Address: Grant Thornton House
Melton Street, Euston Square
London, NW1 2EP
Tel: +44 (0)207 385 5100
XCAP Securities PLC
Address: 24 Cornhill
London, EC3V 3ND
Tel: +44 (0)20 7101 7070
Financial Public Relations, Europe
Yellow Jersey PR Limited
Address: South Building
Wooton St. Lawrence, Basingstoke
United Kingdom RG23 8PE
Telephone: +44 (0)20 3664 4087
Investor Relations, Europe
Vicarage Capital Limited
Address: 4 College Hill
United Kingdom EC4R 2RB
Telephone: +44 (0)20 7060 1302