Re: 60 Days The noteworthy "bit" are that the vast amount of exploration will entail Williams remaining in office to follow through and, hopefully, the $400,000 "consideration" for Calicanto will keep that smile we got used to seeing on his face while he laps up a goodly salary . Enjoy the ride Domayoil.The other interesting bit is that the share price has just tumbled nearly 10% on this "breaking news". Imho that should be telling ya'all something about what you can expect casa Williams.
Re: 60 Days This is the bit I likeThe Company is engaged in preliminary discussions with a view to acquiring advanced stage exploration projects. One such asset is located in the Southern part of the USA and has been extensively drilled in the past; it has a non-compliant mineral resource reported to have been in excess of 100 million ounces of silver, and it is expected that the historical data held would allow a new drill programme to rapidly delineate a compliant resource with a view to near-term production.100 million ounces!!!!!
60 Days Oh dear, dragged out again.27 October 2016Extension of Exclusive Option and Exploration UpdateArian Silver Corporation (?Arian Silver? or the ?Company?) is pleased to report on progress during the year to date.Jim Williams, Chief Executive Officer of Arian commented: ?Arian Silver is advancing two routes to becoming a precious metal producer through the potential participation in the development of the Noche Buena tailings project as well as the potential participation in the development of an advanced stage exploration project in the Southern part of the USA. Simultaneously, we have been reviewing our existing portfolio of mineral concessions with a view to delineating a compliant mineral resource on a number of these assets. These are powerful drivers for regrowth and we look forward to providing our shareholders with further updates as these matters progress over the coming months.?Exclusive option over tailings projectFurther to the Company?s press releases on 4 May and 24 August 2016 which announced that the Company had secured the exclusive right to evaluate the Noche Buena gold and silver tailings project in Mexico, held by Tierra Nuevo Mining Ltd (?TNM?), the period of exclusivity has been extended by 60 days to 27 December 2016 at no additional cost.During this period, the final results of metallurgical testworks are expected to be received, which will indicate the extent to which the gold recoveries can be optimised. To date, we have achieved commercial gold grades in the concentrate but at the expense of recoveries. The additional testwork is to ascertain whether a commercial gold recovery rate can be achieved.The Company is also discussing with TNM, the potential for participation in their other portfolio projects; these projects are either brownfield sites and/or highly prospective and all are located within 20 km of Goldcorp?s Pe?asquito project.Advanced stage exploration projectsThe Company is engaged in preliminary discussions with a view to acquiring advanced stage exploration projects. One such asset is located in the Southern part of the USA and has been extensively drilled in the past; it has a non-compliant mineral resource reported to have been in excess of 100 million ounces of silver, and it is expected that the historical data held would allow a new drill programme to rapidly delineate a compliant resource with a view to near-term production.Exploration activitiesArian Silver possesses almost 1,500 hectares of mineral concessions within central Zacatecas, Mexico, which includes brownfield sites and past-producing mines. These mineral concessions have been reviewed by Arian Silver?s geologists and a low cost work programme to advance targeted exploration is underway.Disposal of CalicantoThe Company announced on 1 August 2016 that it has executed a binding agreement with Minera Oro Silver de Mexico SA de CV (?Minera Oro Silver?), a subsidiary of Endeavour Silver Corporation, to sell the Company?s 75 hectare Calicanto Project in the State of Zacatecas, for a cash consideration of US$400,000. The sale proceeds will be received upon the execution and ratification of the assignment agreement in respect of the relevant mineral concessions. The assignment agreement will be concluded upon the completion of registrations by the Ministry of Mines in Mexico, which is expected in the coming weeks.
Re: Five Days The Arian cat has nine lives so anything is possible. However, even if a deal is done there is the issue of a diluted equity base and the liklihood that salaries will revert from their current 'survival' levels to before they sold off SJ. We also have no news of any kind to deal with; no numbers. Until something actually happens it will remain valued as a shell and I also sense that the next release is as likely to announce another dilutive fund raising as something operational.Or maybe something as momentus as a name change to Aur Gold! (Our Gold........not yours).I've lost a couple of investments completely in the last ten years so in that sense Arian still remains on the radar. It's a struggle though to see much value in it even if they do pull off a deal. I'll stick with the remnants of my shares but will struggle to buy-in further to this particular dream.I'm doing a lot better with the main board stuff at the moment so why take the risk..
Five Days Within the next five working days we should get some news relating to the tailings project.In my opinion, the grades look rather good, if a deal is done the Sp could take off and be multiples of where we are now.20,000 Oz's Gold Per Annum for five years, what is that worth? A cheap opperation as they don't even need to dig it out of the ground.Plus the bonus of the Silver, Copper, Lead and ZincComplete no Brainer DYOR
Northland Capital Partners put out a note on research tree: "2015 was a difficult year for Arian Silver Corporation with the development issues at San Jose combined with the low silver prices meant that it was unable to make its debt repayments to Quintana. As a result of these issues, the Company had an orderly foreclosure and concluded a settlement deed with Quintana that resulted in the disposal of the San Jose Project, removal of the Quintana debt and associated finance, along with a cash injection in to Arian of US$700,000 from Quintana. Since this period the Company has reduced its corporate overheads by two-thirds and secured an exclusive option on the Noche Buena gold and silver tailings project. This project has a historic NI 43- 101 mineral resource estimate of 100,000oz Au at a grade of 3g/t Au and 1.7moz Ag at a grade of 55g/t Ag and represents an attractive low cost near-term production opportunity."
No Placing Yet- In talks with Capstone
AGQ = RNS= placing is coming, at what price?
But at moment silver prices so low. Can Arian survive until price rises?
so at 14 dollars an ounce mine is definitely not profitable. Fingers crossed that silver rises.
rab, I am in similar position, I am long in minor oil and mining companies. For past few years. Low oil prices have hit e hard. I think I am just hanging on and hoping the market will change. I don't have the courage to sell at a loss.
yes that looks a bit bigger
I think I will look at the US debt clock, to cheer my self up.
Delayed buy @ 39.5p. Could well do 50p imminently. This beauty has a habit of major moves in double time and 40p is now broken.