Arian Silver Corp Positive Lithium Results from Initial Sampling

 
TIDMAGQ 
 
Arian Silver 
 
                                                                Trading Symbols 
                                                                       AIM: AGQ 
                                                                       FWB: I3A 
 
12 May 2017 
 
                Positive lithium results from initial sampling 
 
Arian Silver Corporation ("Arian" or the "Company"), the Mexico focused AIM 
quoted resource exploration and development company, is pleased to report that, 
further to its announcement dated 11 April 2017 regarding the option agreement 
to acquire three lithium projects, the test results of its preliminary sampling 
programme have confirmed the presence of lithium concentrations. 
 
Highlights 
 
  * Sampling programme returned lithium concentrations in all soil samples 
  * Samples returned lithium grades reaching approximately 0.016% (160 parts 
    per million) 
  * There will be further exploration to determine the full extent of 
    mineralisation 
 
Jim Williams, Chief Executive Officer of Arian commented, "I am pleased to 
report on these positive initial results, which confirm the presence of 
lithium. We now look ahead to advancing further exploration of these assets 
with deeper sampling techniques, geophysical methods and detailed mineralogical 
test work to assess the full extent of mineralisation. 
 
Meanwhile, our discussions regarding the potential acquisition of additional 
lithium projects in Mexico continue to progress. We believe these additional 
projects would add significant value to Arian and we will provide a further 
update on these potential acquisitions in due course, provided we are 
successful in negotiating acceptable terms." 
 
Full sampling results are available at http://www.ariansilver.com/assets/docs/ 
170510-prelim-sample-results.pdf. An extract of the lithium results is set out 
in the table below: 
 
Sample                                %           ppm 
 
Columpio M-1                      0.005          50.6 
 
Columpio 02                       0.011           112 
 
Columpio 03                       0.012           120 
 
Pozo Hondo M-01                   0.004          37.7 
 
Pozo Hondo M-02                   0.004          43.1 
 
Pozo Hondo M-03                   0.009          87.9 
 
La Abundancia M-01                0.002          18.8 
 
La Abundancia M-02                0.016         158.5 
 
La Abundancia M-03                0.006          62.1 
 
Arian announced on 11 April 2017, that the Company had entered into an option 
agreement to acquire three prospective lithium projects which cover an area of 
1,600 hectares in a prospective region of Zacatecas State, Mexico. Each of the 
projects contains 'salars', which are shallow ancient lakes and lagoons. These 
salars comprise brines formed by an accumulation of groundwater enriched with 
dissolved lithium, and this early sampling work has evidenced the presence of 
lithium concentrations at grades reaching approximately 0.016% (160ppm (parts 
per million)). 
 
The analysis of the initial sampling results was performed independently by the 
ALS Ltd group of companies, a world leader in metallurgical testing. 
 
Exploration work will continue to determine the depth of the salars, and a 
mineralogical study of the associated minerals will determine the metallurgical 
recoveries of lithium. The Company will make further announcements regarding 
this work programme as appropriate. 
 
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. 
 
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] 
 
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

May 12, 2017 02:00 ET (06:00 GMT)