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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.
Arian Silver unveils further "encouraging" results from San Jose projectJanuary 16 2012, 7:32am
Mexico focused explorer Arian Silver Corp (LON:AGQ, CVE:AGQ) unveiled today further "encouraging" results from phase 4 drilling at its San Jose project.
The firm reported multiple high grade intercepts along the San Jose vein, including 6.97 metres with 259 grammes per tonne (g/t) silver and 2.59 metres with 270 g/t silver.
The firm said 36 holes have been drilled so far and among the latest results was also 2.59 metres at 230 g/t of the precious metal.
Arian Silver also reported that it had completed an IP geological survey on the western end of the vein.
The findings continued to support the potential for a large scale resource along the San Jose vein as shown by the first 24 holes announced in October last year, the company said.
Jim Williams, the firm's president and CEO, said: "These most recent drill results show continuity of vein thickness, silver mineralization and grade as we drill along the SJV.
"Now that the geophysical survey has been completed and indicates where the SJV has been displaced, we can now drill these new target areas as part of this current phase of drilling before completing the phase 4 programme.
"Once this current phase of drilling has finished we shall be working on an updated independent resource estimate, and we continue to believe the San Jose Project has considerable potential upside to offer."
In all, 40 drill holes are planned as part of the Phase 4 programme, for a total of 10,000 metres.
The IP survey was carried out in November and December last year, aimed at interpreting the displacement of the San Jose vein.
It consisted of seven parallel lines, 200 metres apart, for a total of 12.5 km and successfully identified these areas of vein displacements. These areas are now being drilled which will conclude the phase 4 drilling programme.