(TheNewswire)
Vancouver, British Columbia - TheNewswire - September 29, 2020 - Arizona Silver ExplorationInc. (TSXV:AZS) (OTC:AZASF) is pleased to announce that it hasfiled a Notice of Intent with the US Bureau of Land Management toconduct an initial exploration drilling program at the Silvertongold-silver project in Nye Count, Nevada, and the Company has receiveda Record of Decision approving the proposed work.
The Notice of Intent ("NOI") covers an exploration programconsisting of construction of 5,000 feet of road access, two drillpads, and up to eight drill holes to depths of 500 feet each. Totalestimated disturbance is 2.54 acres. A reclamation bond of US$10,248is required to be posted before road construction and drilling cancommence.
The proposed drill holes will test several gold-bearing structuresthat appear to feed stratabound jasperoid units in Paleozoicdolomitized limestone. Much of the limestone and jasperoid isbrecciated. Alteration around the structures consists of argillicalteration peripheral to the jasperoids. The Long Canyonsediment-hosted deposit located in Humboldt County and operated byNewmont Mining is the model for the type of deposit we are exploringat the Silverton property, and is an example of a Carlin-type depositthat is significantly off the Carlin trend. The only previous drillingin the current target area was completed by Western Gold Explorationand Mining in the late 1980s and consisted of shallow vertical reversecirculation holes into the stratabound jasperiods. Those holes allintersected low grade gold values within the jasperiods, but theyfailed to test for near-vertical feeder zones which is what appear tocontain the higher gold values in surface rock samples.
The current target area is at the southwest end of a band of anomaloussurface rock samples from historical data collected over the last +30years by several companies, including Western Gold and NewcrestResources in the late 1980s and early 2000s respectively. The band ofanomalous gold extends for 2 kilometers towards the northeast andincludes multiple zones of brecciated and dolomitized limestones andjasperoids.
QualifiedPerson
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 technicalinformation contained in this news release.
About Arizona SilverExploration Inc.
Arizona Silver is a young explorationcompany focused on exploring underexplored gold-silver properties inwestern Arizona and now Nevada. The Company plans to continue to drilltest the high-grade gold-silver discovery at the Philadelphia Projectnear Kingman, Arizona, and the Ramsey Silver Mine property located ashort distance east of Quartzsite, Arizona, Previous drilling of 20holes to date at the Ramsey Property has demonstrated a +30metre-thick zone of silver mineralization surrounding the oldhigh-grade vein that was mined in the 1920s and 1930s. Also, theCompany has a Plan of Operations submitted to the US Forest Service todrill the initial test holes at the Sycamore Canyon project wheresurface geology, geochemistry, and geophysics has demonstrated thesilver-gold mineral system +600 metres long and up to 100 metres widethat has never been drilled.
Please refer to our web site for allnews and updated property information.
www.arizonasilverexploration.com
On behalf of the Board ofDirectors:
ARIZONA SILVEREXPLORATION INC.
Mike Stark, Presidentand 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 certainforward-looking statements or information. All statements other thanstatements of historical fact included in this release areforward-looking statements that involve various risks anduncertainties. Forward-looking statements in this news release includestatements in relation to the timing, cost and other aspects of the2020 exploration program; the potential for development of the mineralresources; the potential mineralization and geological merits of theexploration properties; and other future plans, objectives orexpectations of the Company. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents 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 2020 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's2020 programs would proceed as planned and within budget. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise, except as otherwise required by applicablesecurities legislation.
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