Arian Silver Corporation
TSX VENTURE : AGQ
AIM : AGQ
FRANKFURT : I3A

Arian Silver Corporation

January 14, 2015 02:00 ET

Arian Silver Operations Update

LONDON, ENGLAND--(Marketwired - Jan. 14, 2015) - Arian Silver Corporation ("Arian Silver" or the "Company"), (TSX VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company focussed on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report the mechanical completion of the lead-silver circuit, and the on-going commissioning of its fully-funded and permitted processing plant (the "Plant") at the Company's wholly-owned San José project.

Highlights:

  • Plant has achieved mechanical completion of the lead-silver circuit and a staged commissioning program is currently underway;
  • Construction of the secondary zinc circuit is progressing well and expected to be completed in February;
  • Plant capex under budget;
  • Water storage facility completed;
  • 4KM dedicated 35kV overhead power line and substation connected to the grid;
  • Siemens mine control centre is installed;
  • Concentrate pads are completed;
  • Weighbridge installation completed;
  • Tailings dam development nearing completion;
  • 30,000 tonnes of run of mine ore on stockpile;
  • Continued mine development at San José, Santa Ana and the Soledad areas;
  • More than 100 personnel now on site; and
  • Images illustrating the progress at San José are available on the Company's website www.ariansilver.com/s/Sanjose.asp

Jim Williams, Chief Executive Officer of Arian Silver, commented:

"Achieving mechanical completion of the lead-silver circuit on time and under budget is a tremendous achievement and bears testament to our strong operating team. Reaching this milestone means that we remain on track for first concentrate production during this month. Construction of the secondary zinc circuit is well underway and progressing toward planned completion in February.

In parallel, we have built up a significant stockpile of run of mine ore and are continuing to make excellent progress with our necessary mine development at the San José, Santa Ana and the Soledad sections of the mine. This will help to ensure that the mine can comfortably sustain production at its design rate of 1,500 tonne per day."

Forward-Looking Information

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. 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 realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, unexpected issues arising during the commissioning process or delays in completing the zinc circuit.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) and no stock exchange, securities commission or other regulatory authority accepts responsibility for the adequacy or accuracy of this release nor approved or disapproved of the information contained herein.

Contact Information

  • Arian Silver Corporation
    Jim Williams, CEO
    (London) +44 (0)20 7887 6599

    Arian Silver Corporation
    David Taylor, Company Secretary
    (London) +44 (0)20 7887 6599

    Arian Silver Corporation
    Fuad Sillem, Head of Corporate Development
    (London) +44 (0)20 7887 6599
    fsillem@ariansilver.com

    Northland Capital Partners Limited
    Gerry Beaney / John Howes
    (London) +44 (0)20 7382 1100

    Grant Thornton UK LLP
    Philip Secrett / Ed Thomas
    (London) +44 (0)20 7383 5100
    philip.j.secrett@uk.gt.com

    Yellow Jersey PR Limited
    Dominic Barretto
    (London) +44 (0)7768 537 739
    dominic@yellowjerseypr.com