GoldMinerPulse.com -- Arian Silver Corporation:  (NI) 43-101 Metal Valuation Report

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Arian Silver Corporation (AGQ)

Company Web Site: www.ariansilver.com

(NI) 43-101 reports from projects located in: Mexico (MX)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-02-10. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.

External Links: Yahoo News and Quotes  |  MB  |  StockCharts  |  Stockhouse  |  Canadian Insider Trading

More External Links: Active Investor Message Board

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11

Project/Deposit CC MVpSh  PP%  MI%  I% SilverLeadZinc
    San JoseMX$2.85020%80%42.78 M oz    54.84 K t    112.20 K t    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / MetalSilverLeadZinc
    Metal Totals42.78 M oz    54.84 K t    112.20 K t    
    Metal Prices in US$ (from 2010-03-11)$17.15 per oz    $1.01820 per lb    $1.05510 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$1.87    $0.31    $0.67    
    Percentage of Total Metal Value65.64%    11.01%    23.35%    
    PP% | MI% | I%0 | 21% | 79%    0 | 20% | 80%    0 | 17% | 83%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
    Metal Value per Share (MVpSh)   US$2.85
    Average Ore Value per Tonne   US$83.5
    Metal Value Leverage (MVL)    30.74
    Market Capitalization as % of Metal Value   3.3%
    Recent Stock Price   C$0.095   (TSX/TSXV close on 2010-03-11.)
  Conversion rate used: 1 Cnd$ = 0.976275 US$ )
    Fully Diluted Share Count   392.01 M    ( Arian Silver Website, showed 287.009 fully diluted shares (Thu Jun 18, 2009). An additional shares added to the count in anticipation of a closing of the ArArian Silver's $3.5 Million Non-Brokered Private Placement Completed and Oversubscribed Jan 22, 2010 press release. )
    PP% | MI% | I%   0 | 20% | 80%
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   99.4 g/t
    Market Capitalization
    per oz of Silver In Ground
   $0.85   US$  |   0.87   C$
    Silver Eq Oz Estimate   65.17 M oz   ( 42.78 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $0.56   US$  |   0.57   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Calicanto Project    -    See p. 15 of 24 of Arian Silver, An Emerging Silver Producer Dec 2009 presentation.

The Calicanto Project comprises ~80 hectares (100% owned) in the heart of Zacatecas Mining district.  

AGQ Removed Gold List and Added to Silver List    -    Arian Notified of Geologix's Intention to Exercise Tepal Option, January 19, 2010.

With the sale of the Tepal property, Arian no longer holds gold resources. Therefore, Arian has been moved to the GMP Silver List (65% of in ground metal value is from silver). 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Arian Silver Corporation is complete pending a final internal review.


San Jose    -  ^top^

(NI) 43-101 Report:

Title: RESOURCE ESTIMATION UPDATE FOR THE SAN JOSE SILVER-LEAD-ZINC DEPOSIT, ZACATECAS, MEXICO
Date: 2008-08-15 (196 pages)

Updates: Also see Preliminary Economic Assessment Report (PEAR) on the San Jose Silver Lead-Zinc Deposit, Zacatecas, Mexico, dated 22nd June 2009.

Project Location: Zacatecas, Mexico

Map View: View San Jose project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$0.39    9.02 M oz     127.710 g/t     2.20 M t    
   Lead$0.06    11.20 K t       5,100.000 g/t     2.20 M t    
   Zinc$0.11    19.32 K t       8,800.000 g/t     2.20 M t    
Estimate notes: See NI 43-101 p. 9 of 196
30ppm Ag envelope
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Silver$1.48    33.76 M oz     93.840 g/t     11.19 M t    
   Lead$0.25    43.64 K t       3,900.000 g/t     11.19 M t    
   Zinc$0.55    92.88 K t       8,300.000 g/t     11.19 M t    
Estimate notes: See NI 43-101 p. 9 of 196
30ppm Ag envelope

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