Arian Silver
Trading Symbols
AIM: AGQ
FWB: I3A
12 May
2017
Positive lithium
results from initial sampling
Arian Silver Corporation (“Arian” or the “Company”), the
Mexico focused AIM quoted resource
exploration and development company, is pleased to report that,
further to its announcement dated 11 April
2017 regarding the option agreement to acquire three lithium
projects, the test results of its preliminary sampling programme
have confirmed the presence of lithium concentrations.
Highlights
- Sampling programme returned lithium concentrations in all soil
samples
- Samples returned lithium grades reaching approximately 0.016%
(160 parts per million)
- There will be further exploration to determine the full extent
of mineralisation
Jim Williams, Chief Executive
Officer of Arian commented, “I am pleased to report on these
positive initial results, which confirm the presence of lithium. We
now look ahead to advancing further exploration of these assets
with deeper sampling techniques, geophysical methods and detailed
mineralogical test work to assess the full extent of
mineralisation.
Meanwhile, our discussions regarding
the potential acquisition of additional lithium projects in
Mexico continue to progress. We
believe these additional projects would add significant value to
Arian and we will provide a further update on these potential
acquisitions in due course, provided we are successful in
negotiating acceptable terms.”
Full sampling results are available at
http://www.ariansilver.com/assets/docs/170510-prelim-sample-results.pdf.
An extract of the lithium results is set out in the table
below:
Sample |
% |
ppm |
Columpio M-1 |
0.005 |
50.6 |
Columpio 02 |
0.011 |
112 |
Columpio 03 |
0.012 |
120 |
Pozo Hondo M-01 |
0.004 |
37.7 |
Pozo Hondo M-02 |
0.004 |
43.1 |
Pozo Hondo M-03 |
0.009 |
87.9 |
La Abundancia M-01 |
0.002 |
18.8 |
La Abundancia M-02 |
0.016 |
158.5 |
La Abundancia M-03 |
0.006 |
62.1 |
Arian announced on 11 April 2017,
that the Company had entered into an option agreement to acquire
three prospective lithium projects which cover an area of 1,600
hectares in a prospective region of Zacatecas State, Mexico. Each of the projects contains
‘salars’, which are shallow ancient lakes and lagoons. These salars
comprise brines formed by an accumulation of groundwater enriched
with dissolved lithium, and this early sampling work has evidenced
the presence of lithium concentrations at grades reaching
approximately 0.016% (160ppm (parts per million)).
The analysis of the initial sampling results was performed
independently by the ALS Ltd group of companies, a world leader in
metallurgical testing.
Exploration work will continue to determine the depth of the
salars, and a mineralogical study of the associated minerals will
determine the metallurgical recoveries of lithium. The Company will
make further announcements regarding this work programme as
appropriate.
Further Information
The growth in demand for electric vehicles and energy storage is
the largest contributor to the increased demand for lithium we have
witnessed in recent years. The increasing popularity of renewable
energy has created an additional, emerging market in energy storage
which management believe will require further supplies of lithium,
and this can be illustrated through the recent unveiling of the
world’s largest lithium-ion energy storage facility in San Diego.
Global demand for renewable energy projects continues to grow,
driving the price of lithium in recent years. We believe that as
governments begin to take action to tackle pollution and control
air quality, the demand for lithium through the expanding
production of electric vehicles and lithium-ion energy storage
facilities, will continue to increase.
Mexico is an emerging lithium
producing country and is attracting increasing levels of
international interest and investment. Zacatecas in particular hosts some very large
salars (ancient lakes and lagoons), which are known to host some of
the largest lithium resources in the world.
This announcement contains inside
information for the purposes of Article 7 of Regulation (EU)
596/2014.
For further information please contact:
Arian Silver
Corporation
Jim Williams, CEO
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Northland Capital
Partners Limited
Gerry Beaney / David Hignell
Tel: +44 (0)203 861 6625 |
OR |
OR |
Beaufort Securities
Limited
Jon Belliss
Tel: +44 (0)20 7382 8300 |
Yellow Jersey PR
Limited
Charles Goodwin / Harriet Jackson
Tel: +44 (0)7747 788 221 |
Forward Looking Statement
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 are deemed forward-looking information.
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 realised or substantially realised, there can be no assurance
that they will have the expected consequences to, or effects on the
Company.
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.