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Re: Press Releases - Thursday, October 28, 2010
Arian Silver Reports Commencement of Commercial Production at San
Jos�
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London,England,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,reports that commercial
production has commenced at the Company's 100%-owned San Jos�
mine,Zacatecas,Mexico with ore being stockpiled for delivery to the
mill.
Progress at San Jos� - Santa Ana block
New underground development to reach the Santa Ana block,the first of
three target blocks identified forthe contract mining programme,is
currently progressing well and to the mining plan. The development work
is extracting a combination of payable and non-payable material.Payable
Run-of-Mine ("ROM") material is being deposited on the stockpile
pad,which is located a short distance outside the main San Jos� ramp.
The accumulation of this ROM material on the stockpile pad is designed
to ensure a smooth and constant supply of material to the mill. It is
anticipated that the first transportation of the Santa Ana ROM material
to the mill will take place in approximately three weeks. Minor
improvements to the mill are also progressing well with a view to
increasing the mill efficiency.
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 contract mining and milling
operation at San Jos�) 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:
Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England
Jim Williams - CEO
(London) +44 (0)20 7963 8670 / email: jwilliams@ariansilver.com
Graham Potts -- CFO & Corporate Secretary
(London) +44 (0)20 7963 8670 / email: gpotts@ariansilver.com
Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100 / email: gerry.d.beaney@gtuk.com
XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070 / email: John.Grant@xcapgroup.com
/Karen.Kelly@xcapgroup.com
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545 / email: dominic@yellowjerseypr.com
CHF Investor Relations
Cathy Hume
(Canada) +1 416 868 1079 / email: cathy@chfir.com
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.
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Copyright (c) 2010 ARIAN SILVER CORPORATION (AGQ) All rights reserved.
For more information visit our website at http://www.ariansilver.com/
or send mailto:info@ariansilver.com
Message sent on Thu Oct 28, 2010 at 6:40:27 AM Pacific Time
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Arian Silver Corporation
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PRODUCER |
CODE : AGQ.V |
ISIN : VGG0472G1063 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arian Silver is a silver producing company based in United kingdom. Arian Silver produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Mexico. Its main asset in production is SAN JOSÉ ZACATECAS in Mexico and its main exploration properties are SAN CELSO and CALICANTO in Mexico. Arian Silver is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is CA$ 41.4 millions as of today (€ 39.0 millions). Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.03, and its highest recent level on January 07, 2011 at CA$ 8.90. Arian Silver has 318 491 926 shares outstanding. |