(TheNewswire)
Vancouver, British Columbia – TheNewswire - January 31, 2022 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) announcesthat core drilling has started on the Philadelphia gold project,Mohave County, Arizona. The objective is to further demonstrate thecontinuity and extent of both high grade and stockwork gold targets onthe property.
The drilling contract provides for a minimum of 3,000metres (10,000 feet) of core drilling 12 hours/day, on a 20-day on,10-day off schedule. This press release deals with the first 6 holesof the program.
North Perry – Shark Fin TargetArea
The map below is an overview of the property with theNorth Perry – Shark Fin Target shown. This is a priority target asprevious drilling has demonstrated the presence of both a highgradevein and stockwork mineralization. This drilling will demonstratecontinuity to depth and strike continuity to the “Shark Fin” – aprominent cliff of quartz breccia mineralization.
Drilling will commence at the north end of the Perrypatented claim where drill holes PRC21-81 thru PRC21-83 intersectedhigh grades in a hanging wall vein up to 3.3 metres thick at 16.9grams per tonne (“gpt”) gold and 51.15 gpt silver. Stockworkmineralization up to 47.3 metres thick at 1.63 gpt gold and 7.74 gptsilver was intersected between the vein and a footwallcalcite-cemented quartz vein breccia.
Four core holes will be drilled on one section line,immediately down dip from previous reverse circulation drill holes totest:
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The down-dip continuation of the high-gradevein
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Mineralization in the hanging wall (above) of thehigh-grade vein intersected further to the south,
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Stockwork mineralization footwall (below) to thehigh-grade vein, and
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Increasing gold content with depth in thecalcite-cemented quartz vein breccia below previous gold-bearingintercepts.
The Shark Fin outcrops 50 metres north of the fourholes described above on a patented claim named the Rising Fawn. TheShark Fin is interpreted to be the same footwall calcite-cementedquartz vein breccia as we will drill to the south. The feature will betested by two angle holes collared from the first drill pad to thesouth.
Once the drilling at the north end of the Perry claimis completed the drill rig will move some 300 metres to the south endof the Perry claim to test the down-dip and immediate strikeextensions of mineralization in that area. The untested area betweenthese two targets is referred to as the “GAP” where drill roadsmust first be established.
Greg Hahn, VP Exploration states “ I am delighted to resume drilling on theproperty. This program is designed to demonstrate the real upside ofthe system, showing that we have continuity to depth and the potentialto develop significant ounces. I expect some exciting results.”
Proposed drill holes vary in length from 150 to 300metres (500 to 1000 feet) with various angles of inclination. Drillcore will be delivered to the ALS sample preparation facility inTucson, Arizona for photographing, sawing, and sampling. We intend todeliver all available sample material to the lab after each 20 daydrilling stretch. Results will be announced regularly to provide goodnews flow to investors.
Proposed drill sections and r evised assay sections and summary intervalsections for these drill sites have been posted to the web https://arizonasilverexploration.com/philadelphia/ .
See Drill Photo’s Link: https://arizonasilverexploration.com/philadelphia-slideshow/
QualifiedPerson
Gregory Hahn, VP-Exploration, and a CertifiedProfessional Geologist (#7122) is a Qualified Person under NationalInstrument 43-101 ("NI 43-101") and has reviewed andapproved the technical information contained in this newsrelease.
About Arizona Silver ExplorationInc.
Arizona Silver is a young exploration company focusedon exploring gold-silver properties in western Arizona and Nevada.The flagship asset is the Philadelphia property, but the company plansto continue to drill test the Ramsey Silver Mine property located ashort distance east of Quartzsite, Arizona. The company has recentlyreceived a positive Record of Decision on its Notice of Intent todrill an initial twelve exploration holes on its recently acquiredSilverton gold-silver property that hosts Carlin-type targets.Drilling there will be scheduled as time and equipment allow.
Please take a moment and listen to Greg Hahn narrateour latest PowerPoint now available on the website link: andvisit our website at: www.arizonasilverexploration.com
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATIONINC.
Mike Stark, President and CEO,Director
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 2021-2022exploration 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 2022 drillingprogram(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 ofunexpected 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 2022 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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