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Arian Silver Announces Progress Update at San
Jose; Increase in
Concentrate Grade and New Laboratory Operational
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Trading Symbols
AIM: AGQ
TSX-V: AGQ
"PLUS": AGQ
FWB: I3A
11 April 2011
Arian Silver Announces Progress Update at San Jose; Increase in
Concentrate Grade and New Laboratory Now Operational
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(i) in order that results
are fully compliant with Arian's strict quality assurance and quality
control (QA/QC) programme.
(i) 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:
Arian Silver Corporation
Berkeley Square House
Berkeley Square
London
W1J 6BD
England
OR
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7887 6599
jwilliams@ariansilver.com
OR
Arian Silver Corporation
Graham Potts
Corporate Secretary
(London) +44 (0)20 7887 6599
gpotts@ariansilver.com
OR
Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com
OR
XCAP Securities PLC
John Grant / Karen Kelly
(London) +44 (0)20 7101 7070
John.Grant@xcapgroup.com / Karen.Kelly@xcapgroup.com
OR
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com
OR
CHF Investor Relations
Cathy Hume
(Canada) +1 416 868 1079 x 231
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.