Arian Silver Corp Pánfilo Natera Exploration Update
February 24 2017 - 5:00AM
UK Regulatory
TIDMAGQ
Trading Symbols
AIM: AGQ
FWB: I3A
24 February 2017
Pánfilo Natera Exploration Update
Arian Silver Corporation ("Arian Silver" or the "Company") is pleased to
publish its latest set of results from the surface mapping and sampling
programme at its wholly owned La Africana project, as first announced on 23
January 2017.
Grab Sample ID Au Ag Pb Zn
g/t g/t % %
N299601 0.044 196 0.08 0.12
N299602 0.044 315 0.15 0.14
N299603 0.034 842 0.52 0.53
N299604 0.01 78.1 0.17 0.16
N299605 0.038 370 0.18 0.20
N299606 0.046 612 0.06 0.09
N299607 0.043 358 0.13 0.17
N299608 0.016 8.55 0.00 0.00
N299609 <0.005 1.42 0.00 0.00
N299610 0.158 31 1.99 0.01
N299611 0.065 281 4.87 0.47
These assay results support the findings reported in our press release of 23
January 2017, that the Africana vein contains significant zones of high-grade
silver mineralisation over respectable widths. The Company's geologists will
use this data to prioritise projects for potential development and to help
identify optimum areas for future drilling with a view to delineating a
compliant mineral resource.
The La Africana project is a "brownfield" site comprising the small-scale and
past-producing Africana Mine, situated within Pánfilo Natera which is an
emerging mining district known to host several large silver and base metal
deposits, approximately 50 kilometres south of the State capital, Zacatecas.
Arian Silver also reports that, further to the Company's press release dated 19
December 2016 regarding the Company's exclusivity agreement with Tierra Nuevo
Mining Limited ("TNM") over the Noche Buena gold and silver tailings project in
Mexico, the period of exclusivity has been extended by a further 60 days to 26
April 2017 at no additional cost whilst the final results of the metallurgical
testwork are awaited and evaluated.
Jim Williams, Chief Executive Officer of Arian Silver commented: "We remain
excited by the prospects of our existing portfolio of silver projects in Mexico
and are committed to assessing the viability of their development. We are also
keen to reach a definitive conclusion on the advancement of the Noche Buena
tailings project as soon as possible once we have received the final test
results. Meanwhile, we are working to identify new opportunities which we
believe would add shareholder value, and we shall report on further progress in
due course."
Arian Silver owns mineral concessions over approximately 1,500 hectares in the
heart of the Zacatecas mining district, which includes the Company's
wholly-owned San Celso project.
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 Charles Goodwin / Harriet Jackson
Tel: +44 (0)20 7382 8300 Tel: +44 (0)7544 275 882
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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