Arian Resources Corp. (ARC:CA) ("Arian") - Mr. Zahir Dhanani, Chairman & CEO of Arian, is pleased to announce that its partner at the high-grade copper-gold project, Perlat in Albania, Sinomine Resource Exploration Co., Ltd. ("Sinomine") has signed an MOU with Tirex Resources Ltd. ("Tirex") ($TXX:CA) regarding collaboration on Tirex's projects in Albania (see Tirex news release dated Aug 25, 2015). Tirex has been in Albania since 2007. The European Bank for Construction and Development (EBRD) is a major investor in Tirex.
The two companies will work on developing Tirex's Koshaj project and Rehova projects, with Sinomine agreeing to purchase mineralised materials from the Koshaj project when it is in production. Sinomine is also committed to providing the funding for further exploration work. All funds advanced will be treated as advance payment for material purchases. Arian is waiting for the feasibility study on Perlat. "We are pleased to see Sinomine committing to develop assets in Albania. Arian's Perlat project has a NI 43 -101 resource estimate of 4.66 million tonnes at 2.12% copper, with gold, silver and zinc credits. Tirex's Koshaj has a historic resource of just 707,592 tonnes at 0.98% copper and Rehova has a historic resource of 2.87 million tonnes at 2.14% copper. Thus, we feel Perlat is an asset that Sinomine is very interested in taking to production," said
Zip Dhanani, Chairman & CEO of Arian Resources.
For further information, contact Zahir Dhanani at 604.248.5175 or via email at email@example.com.
We seek Safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS
"Zahir Dhanani, Chairman & CEO"
Arian Resources Corp.
About Arian Resources Corp.
Arian Resources Corp. is a junior mineral exploration company with a focus on the development of the high grade
copper-gold Perlat project in Albania.
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 regarding the
timing and content of upcoming work programs and the enhancement and expansion of operations. 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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