(TheNewswire)
Vancouver, BritishColumbia – TheNewswire - November 21, 2023 – Arizona Gold &Silver Inc. (TSXV: AZS ) ( OTC:AZASF ) ispleased to announce it has released a non-resource Technical Report on the Philadelphia Gold-Silver Property, located in Mohave County,Arizona. The Technical Report has an effective date of October 31,2023, and provides a detailed summary of the property status and allof the historical exploration activity on the property prior toArizona Gold & Silver’s tenure on the property, as well as aup-to-date summary of the exploration activities undertaken by ArizonaGold & Silver, including a summary of the 141 drill holescompleted on the property to date.
Mr. Greg Hahn, VP Explorationcommented, “ This Technical Report provides the investment community andpotential strategic partners with a complete summary of the history ofthe Philadelphia Project and the significant work completed by ArizonaGold & Silver to date, and includes a recommendation on a workplan to complete sufficient drilling to advance the project to thelevel where a maiden NI43-101 report can be commissioned.”
Report can be viewed here: https://arizonagoldsilver.com/philadelphia/
The recommended work planincludes 25,000 feet (+7,600 metres) of both RC and core drillingalong the strike and dip of the mineralized target identified bydrilling to date, mostly confined to “gaps” within the existingdrilling database to provide sufficient drilling density to commissiona NI43-101 maiden resource report at the end of the proposed drillingcampaign. The Technical Report also recommends additionalmetallurgical test work to quantify the heap leach characteristics ofthe mineralized material, and the ideal crush size to optimizeextraction of gold and silver under both heap leach and agitationleach conditions.
QualifiedPerson
Gregory Hahn, VP-Exploration and aCertified Professional Geologist (#7122) is a Qualified Person underNational Instrument 43-101 ("NI 43-101") and has reviewedand approved the technical information contained in this newsrelease.
About Arizona Gold & Silver Inc.
Arizona Gold & Silver Inc. is a youngexploration company focused on exploring gold-silver properties inwestern Arizona and Nevada. The flagship asset is the Philadelphiagold-silver property where the Company is drilling off an epithermalgold-silver system.
On behalf of the Board of Directors:
ARIZONA GOLD & SILVER INC.
Mike Stark, President and CEO,Director
Phone: (604) 833-4278
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
CAUTION CONCERNINGFORWARD-LOOKING STATEMENTS
This news release includes certain forward-lookingstatements or information. All statements other than statements ofhistorical fact included in this release are forward-lookingstatements that involve various risks and uncertainties.Forward-looking statements in this news release include statements inrelation to the timing, cost and other aspects of the 2023-2024exploration program; the potential for development of the mineralresources; the potential mineralization and geological merits of theexploration properties; and other future plans,objectives or expectations of the Company. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectations include therisk that actual results of current and planned explorationactivities, including the results of the Company's 2023-2024 drillingprogram(s) on its properties, will not be consistent with theCompany's expectations; the geology, grade and continuity of anymineral deposits and the risk of unexpected variations in mineralresources, grade and/or recovery rates; fluctuating metals prices;possibility of accidents, equipment breakdowns and delays duringexploration; exploration cost overruns or unanticipated costs andexpenses; uncertainties involved in the interpretation of drillingresults and geological tests; availability of capital and financingrequired to continue the Company's future exploration programs andpreparation of geological reports and studies; delays in thepreparation of geological reports and studies; the metallurgicalcharacteristics of mineralization contained within the explorationproperties are yet to be fully determined; general economic, market orbusiness conditions; competition and loss of key employees; regulatorychanges and restrictions including in relation to required permits forexploration activities (including drilling permits) and environmentalliability; timeliness of government or regulatory approvals; and otherrisks detailed herein and from time to time in the filings made by theCompany with securities regulators. In connection with theforward-looking information contained in this news release, theCompany has made numerous assumptions, including that the Company's2023-2024 programs would proceed as planned and within budget. TheCompany expressly disclaims any intention or obligation to update orrevise any forward-looking statements whether as a result of newinformation, future events or otherwise, except as otherwise requiredby applicable securities legislation .
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