Release date- 16072012 – London, England – Arian Silver Corporation a silver exploration, development and production company with a focus of projects in the silver belt of Mexico announces its wholly owned subsidiary, Arian Silver de Mexico SA de CV is in dispute with the owner of the toll mill which is contracted to process ore from the trial mining operation at the San Jose mine in Zacatecas State in Mexico; this has resulted in the suspension of milling operations.
Detailed discussions to resolve the dispute are under way.
As previously announced, the toll milling operation is only designed to be a pilot operation to test the potential for a larger scale commercial operation.
As reported in February 2012 the Company has engaged an independent metallurgical and mill consultant to conduct a study for a bespoke milling plant for the San Jose project. This study is evaluating, amongst other things, the viability of such a plant for future mining operations and is expected to significantly increase efficiencies, including recoveries, of silver, lead and zinc at a significantly reduced cost. The results of this study are expected to be received within the current reporting quarter.
Contact:
Arian Silver Corporation
Jim Williams
CEO
Tel: +44 (0)20 7887 6599
Email: [email protected]
David Taylor
Company Secretary
Tel: +44 (0)20 7887 6599
Email: [email protected]
Grant Thornton Corporate Finance
Gerry Beaney
David Hignell
Tel: +44 (0)20 7383 5100
Email: [email protected]
XCAP Securities PLC
Karen Kelly
Tel: +44 (0)20 7101 7070
Email: [email protected]
Yellow Jersey PR Limited
Dominic Barretto
Tel: +44 (0)7768537739
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CHF Investor Relations
Juliet Heading
Tel: +1 416 868 1079
Email: [email protected]
