Arian Resources Corp. ("Arian" or the "Company") ($ARC:CA) - Mr. Zahir (Zip) Dhanani, CEO and Chairman of Arian, is pleased to announce that, on his visit to China recently, he had detailed discussions with Mr. Wang, the President of Sinomine Resource Exploration Company Ltd. ("Sinomine") and his team on additional projects that Arian should work on acquiring and then developing jointly with Sinomine.
Sinomine laid out their criteria for projects that they would be interested in funding. The countries that they prefer to operate in are China, Indonesia, various countries in Africa, the Balkans and other select jurisdictions.
Sinomine and Arian also agreed to focus on projects containing gold, silver, copper and zinc, ideally on deposits that have near term production potential. Sinomine is looking to generate cash flows from viable production opportunities, and has the internal resources to provide equity financing and the banking relationships to deliver project financing.
Sinomine and Arian also agreed to look opportunistically at any other attractive opportunities that may present themselves. This may include other jurisdictions, and mining properties that are less advanced but which have significant potential to develop into a large resource and/or those that are high grade in nature.
This gives Arian the impetus to be aggressive in its role as a project identifier. Once a project is acquired, a team from Sinomine would travel quickly to conduct due diligence and make a decision on whether Arian should conclude a formal deal with the property vendor.
"Mining is a capital intensive industry and fund raising has become very challenging over the last three years. Valuations are at cyclical lows and this is a good time for Arian to be out looking for projects, in partnership with a well funded and highly technically capable partner. We are confident that, with the advanced Perlat property that we own 100% and the other projects that we will bring into Arian, we will be able to create significant shareholder valuation going forward, particularly when the mining sector rebounds, as it inevitably will" said Mr. Dhanani.
ON BEHALF OF THE BOARD OF DIRECTORS
Zahir ( Zip ) Dhanani, CEO & Chairman
For further information, contact Zahir Dhanani at 604.248.5175 or via email at firstname.lastname@example.org.
About Arian Resources Corp.
Arian Resources Corp. is a junior mining company with an advanced high grade copper-gold deposit in Albania that Sinomine is conducting a feasibility study on, with a view to take it to production.
About Sinomine Resource Exploration Co. Ltd.
Sinomine Resource Exploration Co., Ltd., is the top resource exploration company in the People's Republic of China, and is listed on the Shenzhen Stock Exchange.
This news release may contain forward-looking statements including but not limited to comments in this news release. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Arian undertakes no obligation to update such statements, except as required by law.
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