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Re: Press Releases - Monday, October 01, 2012
Arian Silver Can Boost Silver Recoveries says Independent
Metallurgical Report
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London, England, Arian Silver Corporation (the "Company" or "Arian"), a
silver exploration, development and production company with a focus on
projects in the silver belt of Mexico, is pleased to announce that it
has received positive results from an independent metallurgical report
as part of its plan to construct and operate a new custom plant and
milling facility at its 100% owned San Jos� operation in Zacatecas,
Mexico.
The report has been compiled by Maelgwyn Mineral Services Limited
("Maelgwyn"), of the United Kingdom, with support from their subsidiary
in the Republic of South Africa. Maelgwyn carried out a series of
detailed metallurgical tests under laboratory conditions from samples
of run of mine ("ROM") material from the current operational mining
areas at San Jos�.
The large (approximately 1 tonne) sample, which was taken from the San
Jos� mine's 110 metre ("m") level (110 m below surface), is
representative of the current working depth, although it was reportedly
partially oxidised in nature. However, recoveries in the order of 80%
were still achieved using a process of "Leach-Ox" (direct leaching of
the ROM material). The report further suggests there is significant
upside potential to improve the recoveries of silver with the addition
of flotation within the mill circuit to process the deeper seated, less
oxidised / more sulphide rich material.
Arian's Chief Executive Officer, Jim Williams, commented today, "We are
very pleased with these detailed, albeit initial, metallurgical results
in support of a planned customised milling facility at San Jos�. Test
work on the partially oxidised sample, which represents quite a
significant portion of the current and past mining plan at San Jos�,
has demonstrated that a recovery of 80% is achievable and there is
further significant upside on this with the addition of flotation for
the more sulphide-rich, deeper seated material."
He further adds, "The permitting process, on the assumption such a
facility will be constructed, is progressing well, and no negative
sentiment in relation to this has so far been received. The proposed
mill site, which has already been purchased, covers some 32 hectares of
land and is located approximately 3 kilometres from the main San Jos�
portal (ramp) entrance. In addition, not only does the test work to
date indicate a substantial improvement in metal recoveries from the
previous toll mill but significant cost savings will be made on
transportation of the ROM material."
As previously reported it is anticipated Arian will resume trial mining
and toll milling very soon at a refurbished toll mill near the City of
Zacatecas which is nearing completion.
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
David Taylor
Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com
OR
Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
(London) +44 (0)20 7383 5100
gerry.d.beaney@uk.gt.com
OR
XCAP Securities PLC
Jon Belliss
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com
OR
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com
OR
CHF Investor Relations
Juliet Heading
(Canada) +1 416 868 1079 x 239
juliet@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) 2012 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 Mon Oct 1, 2012 at 6:42:11 AM Pacific Time
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Arian Silver Corporation
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PRODUCTEUR |
CODE : AGQ.V |
ISIN : VGG0472G1063 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Arian Silver est une société de production minière d'argent basée au Royaume-Uni. Arian Silver est productrice d'argent, d'or, de plomb et de zinc au Mexique, et détient divers projets d'exploration au Mexique. Son principal projet en production est SAN JOSÉ ZACATECAS au Mexique et ses principaux projets en exploration sont SAN CELSO et CALICANTO au Mexique. Arian Silver est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 41,4 millions CA$ (39,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 12 décembre 2008 à 0,03 CA$, et son plus haut niveau récent le 07 janvier 2011 à 8,90 CA$. Arian Silver possède 318 491 926 actions en circulation. |