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| Mon Jul 16, 2012 Operations Update | |
| London, England, Arian Silver Corporation (the "Company") 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 José 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 José 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. Further announcements will be made in due course. For further information please contact: Arian Silver Corporation Berkeley Square House Berkeley Square London W1J 6BD England OR Arian Silver Corporation Jim Williams CEO (London) +44 (0)20 7887 6599 jwilliams@ariansilver.com OR Arian Silver Corporation David Taylor Company Secretary (London) +44 (0)20 7887 6599 dtaylor@ariansilver.com OR Grant Thornton Corporate Finance Gerry Beaney / David Hignell (London) +44 (0)20 7383 5100 gerry.d.beaney@gtuk.com OR XCAP Securities PLC Karen Kelly (London) +44 (0)20 7101 7070 Karen.Kelly@xcapgroup.com OR Yellow Jersey PR Limited Dominic Barretto (London) +44 (0)7768537739 dominic@yellowjerseypr.com OR CHF Investor Relations Juliet Heading (Canada) +1 416 868 1079 x 231 juliet@chfir.com 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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