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Re: Press Releases - Wednesday, June 30, 2010
Arian Silver - San Jos� Production Statement
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LONDON, ENGLAND--(Marketwire - June 30, 2010) - Arian Silver
Corporation ("Arian Silver" or the "Company") (TSX
VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration
and development Company with a focus on projects in the silver belt of
Mexico, updates on the status of production on the San Jos� silver
property in Zacatecas State.
As previously announced, the Company is fully permitted,
infrastructural upgrades are complete, the mining contract agreed upon
and transportation of ore arranged. Arian Silver only requires the
completion of the milling contract ("Contract") to commence production
on the San Jos� property. Finalising the Contract with the proposed
miller ("Miller") is taking longer than anticipated, and therefore in
addition to ongoing negotiations with the Miller, Arian Silver has
initiated dialogue and testwork with other potential custom mills in
the region, to ensure the best operational and financial structure is
reached in a timely manner for the Company and all shareholders.
Jim Williams, CEO and President stated, "It was assumed that the
milling contract would be finalised with time to spare for the end of
Q2 on 30 June 2010. Management remains optimistic that the Miller and
Arian Silver will sign mutually agreeable terms for the milling of our
production from San Jos�. Once finalized, the lead time to commence
production is quite short.
Once in production, it is envisaged that a large part of the revenue
generated will be used to fund further exploration, including drilling
on the remaining strike length, some 12 km, of the San Jos� Vein,
within our concession boundaries."
Although the initial forecast for our production target date has
slipped, management anticipates the final milling contract will reflect
the best deal for the Company and its shareholders.
The Company thanks its shareholders for their continued support and as
it moves forward into production.
About the Company
Arian Silver Corporation is a silver exploration and development
Company and is listed on London's AIM; trades on London's "PLUS"
market; is listed on Toronto's TSX Venture Exchange and on the
Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world's
second largest silver producing country. The Company's main projects
are the Calicanto and San Jos� projects in Zacatecas State and the
Tepal project in Michoac�n State. The Tepal project is currently
subject to an exclusive purchase option to Geologix Explorations Inc.
Part of Arian Silver's forward-looking strategy lies in the envisaged
use of large scale mechanized mining techniques over wider mineralized
structures, which reduces the overall unit operating cost of metals,
and to build up NI 43-101 compliant resources.
For more information, please contact
Arian Silver Corporation
Carlyle House
235-237 Vauxhall Bridge Road
London SW1V 1EJ
England
Arian Silver Corporation
Jim Williams
CEO
(London) +44 (0)20 7963 8670
jwilliams@ariansilver.com
Arian Silver Corporation
Graham Potts
CFO & Corporate Secretary
(London) +44 (0)20 7963 8670
gpotts@ariansilver.com
Grant Thornton Corporate Finance
Gerry Beaney
(London) +44 (0)20 7383 5100
gerry.d.beaney@gtuk.com
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)20 8980 3545
dominic@yellowjerseypr.com
CHF Investor Relations
Alison Tullis
(Canada) +1 416 868 1079 Ext. 233
alison@chfir.com
Forward-Looking Statements
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, funding from the disposal of assets or from other sources,
the mineral resource estimates contained in this press release,
statements regarding exploration results, potential mineralisation,
potential mineral resources, future production and the Company's
exploration and development plans and objectives) 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 risks and uncertainties 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
realised or substantially realised, 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, among other things, failure to
establish estimated mineral reserves, the possibility that future
exploration results will not be consistent with the Company's
expectations, uncertainties relating to the availability and costs of
financing needed in the future, changes in commodity prices, changes in
equity markets, political developments in Mexico, changes to
regulations affecting the Company's activities, delays in obtaining or
failures to obtain required regulatory approvals, the uncertainties
involved in interpreting exploration results and other geological data,
and the other risks involved in the mineral exploration and development
industry. 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
guarantees of future performance and accordingly undue reliance should
not be put on such statements 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.
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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 Wed Jun 30, 2010 at 7:47:41 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. |