11:33 AM EST - Arian Silver Corporation : announced a progress update on its San Jose custom milling operation. On May 31 May, the Company reported a small operating loss for its San Jose mining and milling operation for the first quarter of 2011. During the period under review several improvements were required as detailed in the May 31 announcement; however, recoveries at the mill were still lower than anticipated. A subsequent investigation revealed the recent theft of approximately eight tonnes of silver-bearing concentrate from the mill and, furthermore, this was not an isolated incident as the ongoing investigation by the Mexican authorities indicates previous thefts occurred during the same quarter. Arian Silver Corporation
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