Arian Silver Corp Expiry of Option Over Tailings Project

 
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: [phone] 
Tel: [phone] 
 
                                      OR 
OR 
 
Beaufort Securities Limited           Yellow Jersey PR Limited 
Jon Belliss                           Charles Goodwin / Harriet Jackson 
Tel: [phone]              Tel: [phone] 
 
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 
 

(END) Dow Jones Newswires

April 26, 2017 02:00 ET (06:00 GMT)