PR Newswire
London, August 23
ARIAN SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
24 August 2016
Extension of Exclusive Option over Tailings Project
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that, further to its press release on
4 May 2016 which announced the Company had secured the exclusive right for 120 days to evaluate a
gold and silver tailings project held by Tierra Nuevo Mining Ltd (“TNM”), the period of exclusivity has been extended by a
further 60 days to 28 October 2016. There was no cost incurred in the arrangement of the
extension.
As reported previously, a NI 43-101 report prepared for TNM in 2012 outlined an indicated mineral resource containing 1
million tonnes with 3 grams per tonne (g/t) gold and 55 g/t silver, representing approximately 100,000 ounces (oz) of gold and
some 1.7 million oz of silver.
The Company has instructed Resource Development Inc. (RDi) of Denver, Colorado, to spearhead
metallurgical testworks, and these testworks are progressing well.
Jim Williams, Chief Executive Officer of Arian, commented, “The current suite of
tests is intended to demonstrate the delivery of saleable gold concentrate.
A flowsheet design is being developed based on 500 tonnes per day which given the resource of 1mt would equate
approximately to a 5-year operation.
We continue to evaluate other projects within Mexico and are currently working
through a dossier of potential opportunities all of which are at least at advanced exploration stages. These include but are not
limited to, all of Arian Silver’s original projects other than Calicanto, such as San Celso and the surrounding satellite
concessions.”
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Arian Silver Corporation
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital Partners Limited
Gerry Beaney / David Hignell
Tel: +44 (0)203 861 6625 |
OR |
OR |
Beaufort Securities Limited
Jon Belliss
Tel: +44 (0)20 7382 8300 |
Yellow Jersey PR Limited
Dominic Barretto
Tel: +44 (0)7768 537 739 |