LONDON, March 30, 2015 /PRNewswire/ --
Arian Silver Corporation ("Arian Silver" or the "Company"), (AIM:AGQ, TSXV:AGQ), a silver exploration, development and mining company focused on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report that first concentrate production has been achieved at its wholly-owned San José project.
(Logo: http://photos.prnewswire.com/prnh/20150330/736478 )
The Company has produced its first silver-lead concentrate from its recently constructed processing plant and has started the commissioning of the zinc flotation circuit. The Company anticipates first zinc concentrate production early in the second quarter of 2015.
It is anticipated that the throughput of the plant will be increased over the coming months until the maximum throughput of 1,500 tonnes per day is achieved.
Jim Williams, Chief Executive Officer of Arian Silver, commented:
"Our team has done a tremendous job in bringing this operation into production safely within a very short time period. I would like to take this opportunity to thank our staff in Mexico and London for their hard work and dedication in achieving this important milestone. I would also like to thank our shareholders for their continued support during this transitional period for the Company.
"We have successfully optimized the crushing circuit to produce a smaller than expected particle size which will be more beneficial during the milling stage. We have also commenced commissioning of the zinc circuit and expect to produce our first zinc concentrate early in the second quarter.
"Achieving first concentrate production is a major milestone for our Company and marks the transition to a new silver mining company."
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.
For further information please contact:
Arian Silver Corporation
Jim Williams, CEO
David Taylor, Company Secretary
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 / Richard Tonthat / 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
Share this article