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
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital
Partners Limited
Gerry Beaney / David Hignell / Jamie Spotswood
Tel: +44 (0)203 861 6625 |
OR |
OR |
Beaufort Securities
Limited
Jon Belliss
Tel: +44 (0)20 7382 8300 |
Yellow Jersey
Charles Goodwin / Harriet Jackson
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.