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
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)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.