Arian Silver Corporation
Operations Update - Seite 2
The offices and associated buildings at the plant site have been refurbished and are ready for use.
San José mine
Mine development continues in the San José and Santa Ana sections of the mine. Construction has commenced on an additional 4x5m ramp at the Soledad section of the mine, which is approximately 1km west of the existing San José ramp. These works will support the required increase in mine production capacity to approximately 1,500 tpd within 18 to 24 months.
The mine has been dewatered to the 180m level (180m below the surface), enabling access to new areas, and significant further development has occurred at these deeper levels.
Financing
In August 2013, the Company entered a 12 month US$15.6 million loan facility, convertible at the lender's option at C$1.10 per share. The Company is negotiating the refinancing of this loan note, and these financing activities are now advancing positively.
Notes to editors
Lesen Sie auch
Arian Silver is a silver exploration, development and production company with a focus on projects in Zacatecas, within the silver belt of Mexico, the world's most productive silver district.
Arian Silver's flagship San José silver project comprises the San José underground mine (Ag, Pb, Zn) and the El Bote custom processing plant. The Company is in the process of refurbishing, transporting and constructing the plant, which is expected to be commissioned by the end of 2014.
Full details of the Company's NI 43-101 compliant mineral resource estimate are available from www.ariansilver.com/s/Sanjose.asp.
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.
Jim Williams, CEO
David Taylor, Company Secretary
(London) +44 (0)20 7887 6599
dtaylor@ariansilver.com
www.ariansilver.com
Hume Capital, Broker
Jon Belliss / Abigail Wayne
(London) +44 (0)20 7101 7070
jon.belliss@xcapgroup.com
Grant Thornton UK LLP
Philip Secrett / David Hignell
(London) +44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
Yellow Jersey PR Limited
Dominic Barretto
(London) +44 (0)7768537739
dominic@yellowjerseypr.com