Tuesday 21 May 2013

Arian Silver to File Technical Report


FOR:  ARIAN SILVER CORPORATION 
 
TSX VENTURE, AIM SYMBOL:  AGQ 
FRANKFURT SYMBOL:  I3A 
 
May 17, 2013 
 
Arian Silver to File Technical Report 
 
LONDON,   ENGLAND--(Marketwired  -  May  17,  2013)  -  Arian  Silver  Corporation  ("Arian"  or  the  "Company")   (TSX 
VENTURE:AGQ)(AIM:AGQ)(FRANKFURT:I3A)  announces  its intention to  file  a  technical  report  including  a  summary  of 
operational details and economic factors. 
 
The  British Columbia Securities Commission (the "Commission") has reviewed the Company's independent technical  report, 
compiled by CSA Global Limited ("CSA") and dated 23 April 2012 (the "2012 Report"), which was published for the  primary 
purpose  of  updating  investors with the results of the 10,000 metre phase 4 drilling programme  at  Arian's  San  Jose 
property. 
 
The Commission's review of the 2012 Report identified areas of non-compliance with the Canadian standards of disclosure for 
mineral  projects,  ("NI 43-101"). The updated technical report will address these points and will  be  filed  on  SEDAR 
shortly. 
 
The areas of disclosure do not impact the Company's estimated mineral resources or any quarterly production or financial 
results previously reported. 
 
As the Company's independent 2009 preliminary economic assessment report ("PEA") was not current at April 2012, but was cross- 
referenced in the technical report, the document is deemed not to comply with the requirements of NI 43-101; the updated 
economic analysis will correct this. 
 
When the PEA was published in 2009, Arian had not commenced either contract mining or toll milling. The Company's trial mining 
and  milling  operations  since  then, together with internal metallurgical test-works, the  upgraded  mineral  resource 
estimate, and mine development work, enable the economic assessment to be updated with more refined figures. 
 
A further announcement will be made when the technical report is filed. 

No comments:

Post a Comment