Arian Silver Corp Extension of Exclusive Option over Tailings Project
August 24 2016 - 2:00AM
UK Regulatory
TIDMAGQ
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 Northland Capital Partners Limited
Jim Williams, CEO Gerry Beaney / David Hignell
David Taylor, Company Secretary Tel: +44 (0)203 861 6625
Tel: +44 (0)20 7887 6599
OR
OR
Beaufort Securities Limited Yellow Jersey PR Limited
Jon Belliss Dominic Barretto
Tel: +44 (0)20 7382 8300 Tel: +44 (0)7768 537 739
END
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