ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
24 July
2017
Commencement of
Drill Programme
Arian Silver Corporation (“Arian” or the “Company”), the
Mexico focused AIM quoted resource
exploration and development company is pleased to report that it
has commenced an auger drill programme on its lithium projects in
Zacatecas. The drill programme is
designed to test lithium grades and volumes at each of the
Company’s three lithium projects, located in Zacatecas, Mexico.
The drill programme will test down to a vertical depth of
approximately 20 metres and may be extended if warranted by initial
observations.
The drill programme will be conducted by ODB, S.A. de C.V., a
drilling company based in Mexico
City, and overseen by Miguel
Barahona, Arian’s Director of Operations in Mexico. The samples will be analysed by ALS
Global in Zacatecas.
Jim Williams, Chief Executive of
Arian, commented, “Initial test results from surface sampling
indicated lithium anomalies at each of the three projects; this
drill programme is designed to test these anomalies for increased
grades and prevalence.
In addition to our current lithium
projects, our discussions regarding the acquisition of additional
lithium projects in Mexico
continue. I look forward to providing our shareholders with further
updates on both these discussions and the drill results in due
course.”
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 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, and this early sampling work has evidenced the presence
lithium at grades reaching almost 160ppm (parts per
million).
The analysis of the results was performed by the ALS Ltd group
of companies (ALS Global), one of the world's largest and most
diverse analytical testing services providers.
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 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.