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
g/t |
Ag
g/t |
Pb
% |
Zn
% |
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
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital
Partners Limited
Gerry Beaney / David Hignell
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)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.