Arian Silver Corporation (Arian) is a silver exploration, development and production company operating in one of the richest silver-bearing districts in the world, Zacatecas State, Mexico. Arian’s current flagship project is their 100% owned San José property which lies 55km to the southeast of Zacatecas City and covers 11 mining concessions totalling approximately 6,300 hectares. The Company is committed to increasing its resource at San José concurrent with, initially contract mining and milling operations, and then, subject to positive milling and metallurgical studies, to build its own bespoke mill, as well as exploring new opportunities. The Company is listed with the ticker symbol AGQ on London’s AIM and Canada’s TSX-V Exchanges and the Frankfurt Stock Exchange with the ticker 13A.
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 is committed to capitalising on sustainable growth opportunities by mining existing silver-rich areas as well asexploring new opportunities. The Company’s current goals include:
- Optimisation of contract milling operations via exclusive use of a toll mill 50kms from the Company's San José mine
- Maintaining contract mining at approximately 500tpd for the current period to satisfy the toll mill
- Acquisition of a bespoke mill enabling greater improvements in mill operations
- Expanding and upgrading the current resource via further drilling at San José and surface and underground sampling
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).
Arian’s secondary asset is the 100% owned Calicanto Project comprising seven adjacent and contiguous mining concessions comprising at least four known 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 within the city limits of the City Zacatecas and are partly contiguous with Captstone Golds San Roberto Mine concession operated by their Mexican subsidiary, Cozamin SA de CV. The Company is presently deferring capital investment into the Calicanto Project.
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%
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 17.7%
Last updated on 6 June 2013
UK Representative Office:
Arian Silver Corporation
Berkeley Square House
Tel: +44 (0)20 7887 6599
CHF Investor Relations
Tel: +1 416 868 1079 x 231
Yellow Jersey PR
Tel: +44 (0)776 853 7739
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
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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
CSA Global (UK Office)
2 Peel House, Barttelot Road
Horsham, West Sussex
Tel: +44 (0)1403 255 969
PKF (UK) LLP
20 Farringdon Road
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Tel: +44 (0)20 7065 0000