Arian Silver Corp Lithium Drill Programme Update
September 29 2017 - 2:00AM
UK Regulatory
TIDMAGQ
Trading Symbols
AIM: AGQ
FWB: I3A
29 September 2017
Lithium drill programme update
Arian Silver Corporation ("Arian" or the "Company"), the Mexico focused AIM
quoted resource exploration and development company, reports that it has
received assay results from the recently completed auger drill programme on the
lithium projects in Zacatecas over which an option is held. The drill programme
was designed to test for increased lithium grades at depth at each of the three
lithium projects.
In total, 28 auger holes were drilled in all three of the Company's lithium
projects to depths of up to 12.5 metres. The assay results indicate that the
grades of lithium remain consistent across the project but did not demonstrate
the required increased grades at deeper levels.
Jim Williams, Chief Executive of Arian, commented, "The absence of an increase
in lithium grades at deeper levels means that we will now focus our attention
on prospects elsewhere in the Zacatecas region of Mexico. Over the past few
months, we have been reviewing other lithium exploration projects and will now
be stepping up that activity. We will provide further updates on progress in
due course."
The vendor of the aforementioned projects, Comercializadora Gacu SA de CV (the
"Vendor"), holds a portfolio of mining concessions, some of which the Company
may seek to explore. Under the terms of the option agreement with the Vendor as
announced on 11 April 2017 (the "Agreement"), to date, US$20,000 has been paid
by Arian and no further amounts have fallen due. Arian may move to terminate
the Agreement without further liability but is presently negotiating with the
Vendor to potentially vary and extend the Agreement to encompass the additional
mining concessions.
Full assay results are available at http://www.ariansilver.com/assets/docs/
170928-drill-results.pdf.
Qualified Person
Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, Chief Executive
Officer of Arian Silver, is a "Qualified Person" as defined in the AIM
guidelines of the London Stock Exchange, and a "Qualified Person" as such term
is defined in Canadian National Instrument 43-101. This press release has been
prepared under Mr Williams' supervision and Mr Williams has verified the data
disclosed by this release.
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
For further information please contact:
Arian Silver Corporation Northland Capital Partners Limited
Jim Williams, CEO Gerry Beaney / David Hignell / Jamie
David Taylor, Company Secretary Spotswood
Tel: +44 (0)20 7887 6599 Tel: +44 (0)203 861 6625
OR
OR
Beaufort Securities Limited Yellow Jersey
Jon Belliss Charles Goodwin / Harriet Jackson
Tel: +44 (0)20 7382 8300 Tel: +44 (0)7747 788 221
Forward Looking Statement
This press release contains certain "forward-looking information". All
statements, other than statements of historical fact that address activities,
events or developments that the Company believes, expects or anticipates will
or may occur in the future are deemed forward-looking information.
This forward-looking information reflects the current expectations or beliefs
of the Company based on information currently available to the Company as well
as certain assumptions. Forward-looking information is subject to a number of
significant risks and uncertainties and other factors that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking information, and even if such actual results are realised or
substantially realised, there can be no assurance that they will have the
expected consequences to, or effects on the Company.
Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking information is not
a guarantee of future performance and accordingly undue reliance should not be
put on such information due to the inherent uncertainty therein.
END
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September 29, 2017 02:00 ET (06:00 GMT)
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