Expiry of Option Over Tailings Project

Click to access nr-2017-04-26-tnm-termination.pdf

Arian Silver Corporation (“Arian” or the “Company”), the Mexico focused AIM quoted resource development company, announces that it will allow its option with Tierra Nuevo Mining Ltd over the Noche Buena gold and silver tailings project, to lapse unexercised. The Company will instead continue to focus on its lithium projects in Zacatecas State, Mexico, as detailed in the announcement of 11 April 2017. In respect of the gold and silver tailings project, the metallurgical testwork undertaken by Resource Development Inc (RDi) of Denver, Colorado, in the USA, demonstrated that the tailings are highly refractory and include various gangue minerals that would not only inhibit extraction of the silver and gold, but also lead to significant penalties levied by any purchasers of any concentrate produced.

Leave a Reply