ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
24 August
2017
Lithium drill
programme update
Arian Silver Corporation (“Arian” or the “Company”), the
Mexico focused AIM quoted resource
exploration and development company, is pleased to report that it
has completed the first phase of its lithium auger drill programme
across the Company’s three lithium projects in Zacatecas.
This drill programme, conducted by OBD SA de CV (a leading
drilling company based in Mexico
City), focused on 28 holes, testing the anomalous lithium
concentrations identified in the Company’s previous surface
sampling, for increased grade and continuation.
The resulting 214 samples will be analysed by ALS Global.
Jim
Williams, Chief Executive of Arian, commented: “The drill
programme progressed well despite initial delays caused by
unseasonably wet weather, which impacted ground conditions for
drilling. The results of the programme should be available within
three to four weeks and I look forward to reporting the results at
that time.”
About Arian’s Lithium Projects
Arian announced on 11 April 2017 that
it has entered into an option agreement to acquire three lithium
projects in the state of Zacatecas. Preliminary independent test
results confirmed the presence of lithium concentrations in all
projects.
Each of the three lithium projects contains ‘salars’, which are
shallow ancient lakes and lagoons. These salars comprise brines
formed by an accumulation of groundwater enriched with dissolved
lithium. Early sampling work by Arian evidenced the presence
lithium concentrations at grades reaching almost 160ppm (parts per
million).
ALS Ltd group of companies (ALS Global), one of the world's
largest and most diverse analytical testing services providers, are
conducting the analysis of samples at their laboratories.
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 PR
Limited
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.