Arian Silver Corp Expiry of Option Over Tailings Project
April 26 2017 - 2:00AM
UK Regulatory
TIDMAGQ
ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
26 April 2017
Expiry of Option Over Tailings Project
Arian Silver Corporation ("Arian" or the "Company"), the Mexico focused AIM
quoted resource development company, announces that it will allow its option
with Tierra Nuevo Mining Ltd over the Noche Buena gold and silver tailings
project, to lapse unexercised. The Company will instead continue to focus on
its lithium projects in Zacatecas State, Mexico, as detailed in the
announcement of 11 April 2017.
In respect of the gold and silver tailings project, the metallurgical testwork
undertaken by Resource Development Inc (RDi) of Denver, Colorado, in the USA,
demonstrated that the tailings are highly refractory and include various gangue
minerals that would not only inhibit extraction of the silver and gold, but
also lead to significant penalties levied by any purchasers of any concentrate
produced.
Jim Williams, Chief Executive Officer of Arian commented: "It is helpful to
have come to a conclusion on the Noche Buena tailings project. In drawing a
line under this project, we can focus on our lithium interests where we see the
greatest upside potential. We expect to announce the first set of assay results
from our recently acquired lithium projects imminently, and a preliminary
technical report is scheduled to be completed soon thereafter.
We are also in discussions over the potential acquisition of additional lithium
projects in Mexico, which we believe will add significant value to the group.
We will provide a further update on these potential acquisitions in due course,
provided we are successful in negotiating acceptable terms."
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)7747 788 221
Further Information
The growth in demand for electric vehicles and energy storage is the largest
contributor to the increased demand for lithium we have witnessed in recent
years. The increasing popularity of renewable energy has created an additional,
emerging market in energy storage which management believe will require further
supplies of lithium, and this can be illustrated through the recent unveiling
of the world's largest lithium-ion energy storage facility in San Diego.
Global demand for renewable energy projects continues to grow, driving the
price of lithium in recent years. We believe that as governments begin to take
action to tackle pollution and control air quality, the demand for lithium
through the expanding production of electric vehicles and lithium-ion energy
storage facilities, will continue to increase.
Mexico is an emerging lithium producing country and is attracting increasing
levels of international interest and investment. Zacatecas in particular hosts
some very large salars (ancient lakes and lagoons), which are known to host
some of the largest lithium resources in the world.
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
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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April 26, 2017 02:00 ET (06:00 GMT)
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