(TheNewswire)
Vancouver, British Columbia - TheNewswire - November 12, 2020 - Arizona SilverExploration Inc. (the"Company" or "Arizona Silver") (TSXV:AZS)(OTC: AZASF ) is very pleased toannounce that it has bought out the existing NSR on the Philadelphiaproperty.
"We are pleased to continue to build shareholdervalue in Arizona Silver Exploration. This NSR buy-out shows continuedcommitment from management to raise future opportunity for investmentin Arizona Silver Exploration. You simply can't put a value to this 1%NSR until a resource is determined, but the path forward to futuredevelopment has no outstanding encumbrances. We have no future leaseor NSR payments due on our Philadelphia property," stated MikeStark, President and CEO.
Current Drilling Update
Arizona Silver has drilled two RC holes on Section 100Nand one core hole on Section 200N. Samples from all three holes havealready been delivered to ALS's sample prep facility in Tucson, AZ. Inaddition, we have completed six pre-collar RC holes to depths between100-300 ft on Sections 300N and 400N. See link to sections: http://arizonasilverexploration.com/philadelphia-property/
The six remaining holes will be cased and then coredthrough the targeted high-grade vein. The core rig is currentlycompleting the second core hole on Section 200N, and has the sixpre-collar holes yet to drill. The company expects results to startcoming in prior to Christmas and to continue well into the new year.
Greg Hahn, VP Exploration and a Certified ProfessionalGeologist (CPG#7122), and a Qualified Person, has reviewed an approvedthe content of this release.
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATIONINC.
Mike Stark, President, CEO andDirector
Phone: (604) 833-4278
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CAUTION CONCERNING FORWARD-LOOKINGSTATEMENTS
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 2020 explorationprogram; the potential for development of the mineral resources; thepotential mineralization and geological merits of the explorationproperties; and other future plans, objectives or expectations of theCompany. There can be no assurance that such statements will prove tobe accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany's plans or expectations include the risk that actual resultsof current and planned exploration activities, including the resultsof the Company's 2020 drilling program(s) on its properties, will notbe consistent with the Company's expectations;the geology, grade and continuity of any mineral deposits and the riskof unexpected variations in mineral resources, grade and/or recoveryrates; fluctuating metals prices; possibility of accidents, equipmentbreakdowns and delays during exploration; exploration cost overruns orunanticipated costs and expenses; uncertainties involved in theinterpretation of drilling results and geological tests; availabilityof capital and financing required to continue the Company's futureexploration programs and preparation of geological reports andstudies; delays in the preparation of geological reports and studies;the metallurgical characteristics of mineralization contained withinthe exploration properties are yet to be fully determined; generaleconomic, market or business conditions; competition and loss of keyemployees; regulatory changes and restrictions including in relationto required permits for exploration activities (including drillingpermits) and environmental liability; timeliness of government orregulatory approvals; and other risks detailed herein and from time totime in the filings made by the Company with securities regulators. Inconnection with the forward-looking information contained in this newsrelease, the Company has made numerous assumptions, including that theCompany's 2019 programs would proceed as planned and within budget.The Company expressly disclaims any intention or obligation to updateor revise 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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