(TheNewswire)
Vancouver, British Columbia – TheNewswire - February 15, 2022 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that it has completed the first two core holes at thePhiladelphia project, Mohave County, Arizona. Drilling commenced onJanuary 28, 2022. The first hole is in the laboratory with the secondhole to be submitted Friday.
Greg Hahn, VP-Exploration states, “From a visualperspective the new drilling is proceeding as anticipated. Interceptsare close to modelled depths and quartz vein breccia thicknessesremain strong. The presence of visible gold in core in the hangingwall vein is encouraging but must be regarded with caution as tograde. That said, the model of the gold system in the “boilingzone” is holding up and as such I expect the zone will continuedeeper.”
Current drilling is at the north end of the Perrypatented claim testing down dip of three previously drilled reversecirculation drill holes, PRC21-81 thru PRC21-83. The objective of thedrilling is twofold: firstly, to determine the grade continuity downdip of previous mineralization, and secondly to recover drill core tocompare with RC cuttings.
Earlier holes, PRC21-81 thru PRC21-83 reported two veinbreccias separated by a diagnostic rhyolite dike that hosts quartzstockwork veining. The upper (hanging wall) quartz vein breccia ishigher grade than the lower (footwall) calcite-cemented vein breccia.The thickness and grade of the entire mineralized package wasincreasing with depth. The upper vein breccia was up to 3 metresthick at 16.9 grams per tonne (“gpt”) gold and 51.15 gpt silver.Stockwork mineralization up to 33.5 metres drill thickness wasintersected in the mineralized rhyolite dike between the upper andlower vein breccias. The lower vein was characterized by blackcarbonate-cemented quartz vein and rhyolite fragments.
Current holes PC22-86 and PC22-87 intersected upper andlower vein breccia intercepts as predicted, 30 metres and 60 metresrespectively below the earlier drill intercepts. The geology iscontinuous in both core holes, with the two vein breccias separated byquartz stockwork rhyolite. A section of the geology to date isposted to the web site at https://arizonasilverexploration.com/philadelphia/ .
In holes PC22-86 and PC22-87 the upper vein brecciacarries fine-grained visible gold. The vein breccia is characterizedby yellow or green chalcedonic to crustiform quartz, occasionallybanded, with clasts of vein and rhyolite within the vein breccia. Thethickness of the upper vein breccia is 5.91 metres in the shallowerhole, PC22-86 and 3.87 metres in the second hole, PC22-87. Estimatedtrue thickness of the upper vein breccia in the two holes is 4.85metres and 2.74 metres respectively.
In holes PC21-86 and PC21-87 the lower vein breccia is10.33 metres thick and 12.71 metres thick respectively. Estimated truethickness of the vein breccia is 8.5 metres and 9 metres respectively.Quartz in the lower vein is mostly white to gray, not green to yellowas in the upper vein breccia, and locally contains cockade and bandedtextures. The vein textures suggest the new drill hole intercepts arebelow the upper level of “boiling” as anticipated.
In the new drilling, the quartz stockwork rhyolite zonebetween the two vein breccias is 29 metres thick and 39.4 metres thickrespectively. The zone is getting both thicker and stronger withdepth. Some yellow and green quartz is evident in the stockwork zonereflecting a mixture of the quartz present in both the upper and lowervein breccias. Overall thickness of the strongly mineralized intervalin the two holes is 45.27 metres, and 56.0 metres respectively.Estimated true thicknesses are 32.0 metres and 45.87 metres.
Two more drill holes are planned to follow the zonefurther down dip some 30 metres and 60 metres below PC21-87. Drillingis underway on hole PC21-88, but this hole will probably not becompleted before February 17 th when the drill crew will break beforeresuming February 27 th .
See link to core photos on website:
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 through 2022 will be the Philadelphia goldproperty. On its recently acquired Silverton gold-silver property, theCompany recently received a positive Record of Decision on its Noticeof Intent to drill an initial twelve exploration holes on Carlin-typetargets. Drilling there will be scheduled as time and equipmentallow.
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 2020-2021exploration 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 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's2021 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.
Copyright (c) 2022 TheNewswire - All rights reserved.