LONDON (ShareCast) - (ShareCast News) - Arian Silver completed the first phase of its auger drill programme across the company's three lithium projects in Mexico, after initial delays caused by unreasonably wet weather.


The report followed the AIM listed company's announcement on 11 April 2017, that it had entered into an option agreement to acquire three lithium projects in the state of Zacatecas, with earlier sampling work having confirmed the presence of lithium concentrations in all the projects that reached almost 160 parts per million.

The drill programme retrieved 214 samples from 28 holes after testing the anomalous lithium concentrations identified in the outfit's previous surface sampling for increased grade and continuation.

The results would be analysed by ALS Global and were expected to be available in just under a month.

Jim Williams, chief executive of Arian, commented: "the drill programme progressed well despite initial delays caused by unseasonably wet weather, which impacted ground conditions for drilling. The results of the programme should be available within three to four weeks and I look forward to reporting the results at that time".

The company's shares were down -5.93% to 0.55p.

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