Day: October 27, 2016

“This quarter marked an important turn in the Company’s operations, with momentum now building towards the completion of our ongoing optimization program in the first quarter of 2017 and our goal of a completely dry Platosa by spring,” stated Brendan Cahill, President and Chief Executive Officer. “Additionally, recent highigrade drill results immediately adjacent to existing resources and infrastructure are a promising early indicator of the opportunity to efficiently increase high-grade tonnage at Platosa. During Q3, we effectively completed all civil works required for the optimization program and developed into the next level of the Rodilla Manto. This increased development affected production during the quarter, but we are looking forward to the quarters ahead as mining conditions continue to improve. The first major return from the optimization program is scheduled for the coming weeks, with the primary booster pump array and an additional four wells coming online, which are expected to increase the mine-drying rate by over 150%.”

Jim Williams, Chief Executive Officer of Arian commented: “Arian Silver is advancing two routes to becoming a precious metal producer through the potential participation in the development of the Noche Buena tailings project as well as the potential participation in the development of an advanced stage exploration project in the Southern part of the USA. Simultaneously, we have been reviewing our existing portfolio of mineral concessions with a view to delineating a compliant mineral resource on a number of these assets. These are powerful drivers for regrowth and we look forward to providing our shareholders with further updates as these matters progress over the coming months.”