Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(
The toll mill is located 50 km from the Company's San Jose mine in Zacatecas State in Mexico and is privately owned and operated by Beneficiadora de Jales y Minerales Juan Reyes SA de CV ("Juan Reyes").
The Juan Reyes mill is newly refurbished, has a maximum capacity of 500 tonnes per day, and benefits from two separate flotation streams to extract zinc in addition to lead and silver concentrate. The contract with Juan Reyes gives exclusive use of the mill to Arian, is renewable by mutual consent and is initially for the processing of 90,000 tonnes of Run-of-Mine material from the San Jose mine; this should take approximately six months once the maximum daily throughput rate is achieved and maintained.
The Juan Reyes mill commenced processing on 16 February 2013 with supervisory assistance from Arian personnel to help optimise processing to maximise material throughput and silver, lead and zinc recoveries.
MRI Trading AG, who previously provided partial off-take services while Arian was using a previous toll mill ("Contracuna Mill"), will now provide 100% off-take services.