Arian Silver operation update of San Jose Property, Mexico

LONDON (Commodity Online) : Arian Silver Corporation (TSX VENTURE: AGQ)(AIM:AGQ)(FRANKFURT:I3A)(PLUS:AQG), has reported an update on operational activities at its 100%-owned San Jose Property in Zacatecas State, Mexico.
The company is a silver exploration, development and production firm with a focus on projects in the silver belt of Mexico.
Reported Highlights:
• Widest yet intersections of economic grade silver mineralisation in the first two holes in the Guanajuatillo area along the San Jose Vein ("SJV");
• Phase 3 drilling completes to-date 24 holes for 4450 metres ("m") of the 10,000 m programme and 14 of these holes are pending assays;
• Mineralisation remains completely open along strike and depth;
• To date, 68 tonnes of silver-bearing concentrate sold from the 120 tonnes produced so far; and
• Semi-mobile laboratory awaiting customs clearance in Mexican port.
Drilling continues using two 'Longyear 44' drill rigs. Twenty-four drill holes have been completed to date for a total of 4,480m. The initial eight drill holes, which have previously been reported (January 31, 2011 press release), were positioned between the previously demarcated Santa Ana and Solidad resource blocks.
This latest batch of assay results comprising two holes were positioned around the village of Guanajuatillo, some six kilometres west of the San Jose head-frame, while the remaining holes, which are awaiting assay results, are located west of the village of Guanajuatillo. These two holes continue to confirm, as expected, the continuation of silver mineralisation along the SJV in a westerly direction. The latest intercepts of note are:
• Hole GW-11-002 comprising 9.80m with 150.1 g/t Ag, including 1.56m with 428 g/t Ag;
• Hole GW-11-006 comprising 15.94m with 118.4 g/t Ag including 0.82m with 330 g/t Ag.
"…we continue to confirm the presence of significant silver mineralisation in a westerly direction along the strike of the SJV and have intersected the widest zones yet of economic silver mineralisation in this area in the two holes announced today. We have now completed 24 holes in this phase of drilling, which is about half of the planned programme, and continue to drill further west following the extensive strike of the SJV. A revised resource calculation will be undertaken on conclusion of the current 10,000m drill programme.”, said Arian's Chief Executive Officer, Jim Williams.
The company has produced 120 tons of silver concentrate to date with proceeds from the 68 tons of concentrate sold amount to approximately $580,000."

(Source: http://www.commodityonline.com/commodity-stocks/Arian-Silver-operation-update-of-San-Jose-Property-Mexico-2011-02-22-36641-3-1.html)