Arizona Silver Exploration Inc. Reports 2 Ft. Grading 11.1 GPT Gold and 312 GPT Silver at Philadelphia Gold Silver Property
Vancouver, April 26, 2021 - Arizona Silver Exploration Inc. (TSXV:AZS) (OTC:AZASF) wishes to report initial results from core drilling completed in March 2021 at the Company's Philadelphia gold-silver project located in Mohave County, Arizona. A core drill rig has completed a total of 18 holes to date. Results of three of the first seven holes are shown in the table below. Results from four core holes completed in March remain outstanding and results from seven core holes completed in April remain outstanding. Three of those outstanding holes were drilled on the Perry patented claim.--------------------------------------------
|PC21-61 through PC21-63 Results | |
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|Section 100N | | | | |
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|Hole ID|From |To |Feet |Au gpt|Ag gpt|
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|PC21-61|0.8 |3.3 |2.5 |0.76 |132.0 |
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|PC21-61|3.3 |6.5 |3.2 |0.39 |37.3 |
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|PC21-61|6.5 |9.5 |3.0 |0.09 |18.9 |
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|PC21-61|9.5 |12.5 |3.0 |0.17 |15.5 |
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|PC21-61|12.5 |16.5 |4.0 |0.14 |26.3 |
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|PC21-61|16.5 |18.0 |1.5 |0.79 |41.7 |
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|PC21-61|18.0 |23.0 |5.0 |0.05 |13.7 |
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|Total |0.8 |23.0 |22.2 |0.27 |35.53 |
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| | | | | | |
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|PC21-62|1.0 |3.0 |2.0 |11.10 |316.0 |
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|PC21-62|3.0 |6.7 |3.7 |0.66 |57.5 |
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|PC21-62|6.7 |9.7 |3.0 |0.21 |47.7 |
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|PC21-62|9.7 |12.0 |2.3 |0.17 |23.9 |
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|PC21-62|12.0 |17.0 |5.0 |0.15 |38.7 |
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|PC21-62|17.0 |19.3 |2.3 |4.63 |162 |
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|Total |1.0 |19.3 |18.3 |2.03 |87.92 |
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| | | | | | |
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|Section 200N | | | | |
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|PC21-63|23.1 |26.5 |3.4 |0.07 |2.5 |
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|PC21-63|26.5 |29.3 |2.8 |0.25 |0.8 |
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|PC21-63|29.3 |32.2 |2.9 |0.70 |4.1 |
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|PC21-63|32.2 |37.3 |5.1 |0.24 |20.7 |
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|PC21-63|37.3 |42.0 |4.7 |0.05 |11.4 |
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|Total |23.1 |42.0 |18.9 |0.23 |9.62 |
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All drill intercepts are approximately true widths.
The core rig has demobilized to another client's project. A reverse circulation (RC) rig is scheduled to arrive mid to late May to continue drilling the gold-bearing quartz vein on the Perry Patented claim. The Patented Perry claim was tested in three recently completed core holes testing the down dip of a gold-bearing green quartz vein exposed in a shallow pit on the surface. Gold-bearing quartz veins are exposed along much of the strike length (1,250 feet) of the vein on the Perry Patented claim. A total of 5,000 -7,000 feet of RC drilling is planned in 15-20 holes to test approximately 500 feet of strike and dip along the vein. We are funded to complete additional drilling once results are known.
Arizona Silver's Vice President - Exploration, Greg Hahn, commented, "We continue to intersect good gold and silver values in the Philadelphia vein system. We are working on unravelling the structure that has complicated the geology and believe we have identified a faulted extension to the west that should allow us to continue to test the vein system with relatively shallow drill holes."
Results from the three holes drilled at the Perry claim are not in yet, but we did see green quartz and clays in all three holes where anticipated and we are anxiously awaiting the assay results.
QA/QC Program
All assaying was conducted by ALS Global, an independent analytical laboratory. Core boxes and RC cuttings were delivered to the ALS sample preparation facility in Tucson, Arizona, where the core is catalogued, photographed, sawed, and crushed and pulverized. Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol. Gold is determined by fire assay with an AA finish and silver and beryllium are determined by ICP-MS methods within a 31-element suite.
The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.
Qualified Person
Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.
About Arizona Silver Exploration Inc.
Arizona Silver is a young exploration company focused on exploring underexplored gold-silver properties in western Arizona and now Nevada. The Company plans to continue to drill test the Ramsey Silver Mine property located a short distance east of Quartzsite, Arizona as time allows. The Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial eight exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets. Drilling there will be scheduled as time and equipment allow.
Please refer to our web site for all news and updated property information.
www.arizonasilverexploration.com
On behalf of the Board of Directors:
Arizona Silver Exploration Inc.
Mike Stark, President and CEO, Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2020-2021 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2021 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2021 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.