Arian Silver posts positive test results on lithium purchase options

Mexico-focussed resource exploration and development company Arian Silver Corporation reported on Friday that, further to its announcement on 11 April regarding the option agreement to acquire three lithium projects, the test results of its preliminary sampling programme had confirmed the presence of lithium concentrations.

The AIM-traded firm said the sampling programme returned lithium concentrations in all soil samples.

It explained that the samples returned lithium grades reaching approximately 0.016%, or 160 parts per million.

There would be further exploration to determine the full extent of mineralisation, the board confirmed.

“I am pleased to report on these positive initial results, which confirm the presence of lithium,” said chief executive officer Jim Williams.

“We now look ahead to advancing further exploration of these assets with deeper sampling techniques, geophysical methods and detailed mineralogical testwork to assess the full extent of mineralisation.”

Meanwhile, Williams said Arian’s discussions regarding the potential acquisition of additional lithium projects in Mexico continued to progress.

“We believe these additional projects would add significant value to Arian and we will provide a further update on these potential acquisitions in due course, provided we are successful in negotiating acceptable terms.”