Concentrate Grade and New Laboratory Now Operational
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LONDON, ENGLAND--(Marketwire - April 11, 2011) - Arian Silver Corporation
("Arian" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report an update on operational activities at its 100%-owned San Jose Property in Zacatecas State, Mexico.
Highlights:
Laboratory installed and operational at San Jose;
Increase in milling efficiency due to addition of impact crusher;
Recent increase in concentrate grade;
Approximately 200 tonnes of silver bearing concentrate with a composite grade of around 550 ounces per tonne produced so far; and
Further development work to access additional mining areas under way.
Commenting on today's operations update, Arian's Chief Executive Officer, Jim Williams, said:
"We are pleased to report further progressive news with the installation and commissioning, on-site at San Jose, of our fully equipped semi-mobile laboratory, comprising sample preparation, wet-chemistry and fire-assay facilities. Our laboratory, which will be independently managed by personnel from the Stewart Group, will significantly speed up the analysis of our exploration samples.
"Furthermore, fine-tuning of both the mining and milling operations is progressing well. Approximately 200 tonnes of silver concentrate have been produced to date at a concentrate grade of well over 500 ounces of silver per tonne. Recent mill improvements have started to significantly improve the grade of the concentrate we produce and the additional mine development work we are now undertaking will allow access to more mining areas in due course."
The laboratory comprises a comprehensive sample preparation facility, a fire assay laboratory and a wet-chemistry laboratory with Atomic Absorption Spectrometry ("AAS"). The laboratory, 100% owned by Arian, will be under the sole control and operational management of professional personnel from the Stewart Group* in order that results are fully compliant with Arian's strict quality assurance and quality control (QA/QC) programme.
* Stewart Group Geochemical & Assay Division (the "Stewart Group")
An impact crusher has successfully been added to the crushing circuit of our custom mill, to enable finer grinding of material prior to flotation; this has significantly increased the grade of concentrate produced in recent weeks. Tests continue with various reagents to further improve recoveries, which currently are in the order of 80%.
Qualified Person
Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, D.I.C., FIMMM, the Chief Executive Officer of Arian, is a "Qualified Person" as defined in the AIM guidelines of the London Stock Exchange, and a "Qualified Person" as such term is defined in Canadian National Instrument 43-101 ("NI 43-101"). This press release has been prepared under Mr. Williams' supervision. Mr. Williams has verified the data disclosed by this release.
Forward- Looking Information
This press release contains certain "forward-looking statements". 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 (including, without limitation, statements relating to the laboratory sited at San
Jose
as well as results from fine-tuning and upgrades to the mining and custom milling operation at San
Jose
) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are 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 statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement 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 statement, 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 statements are reasonable, forward-looking statements are not guaranteed of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
FOR FURTHER INFORMATION PLEASE CONTACT: Berkeley Square House
Arian Silver Corporation
Berkeley Square
London
W1J 6BD
England
ORJim Williams
Arian Silver Corporation
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com
ORGraham Potts
Arian Silver Corporation
Corporate Secretary
(London) +44 (0)20 7887 6599
gpotts@ariansilver.com
ORGerry Beaney
Grant Thornton Corporate Finance
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com
ORJohn Grant
XCAP Securities PLC
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com
ORKaren Kelly
XCAP Securities PLC
(London) +44 (0)20 7101 7070
Karen.Kelly@xcapgroup.com
ORDominic Barretto
Yellow Jersey PR Limited
(London) +44 (0)7768537739
dominic@yellowjerseypr.com
ORCathy Hume
CHF Investor Relations
(Canada) +1 416 868 1079 x 231
cathy@chfir.com
