(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 09 2021 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce drilling results that extend the thickness of the bulktonnage target at the Philadelphia Project, Arizona. The assay resultsare from previously un-assayed drill samples from the upper portionsof two recently completed RC holes. Drilling is scheduled to resume assoon as a rig can be delivered to the property.
HIGHLIGHTS
PRC21-85, the last hole drilled inthe summer drilling campaign, intersected a total of 115.9 metres at1.34 grams per tonne (“g/t”) gold and 5.78 g/t silver from 60.9metres to 176.8 metres depth downhole.
PRC21-80 intersected a total of 103.7metres at 1.57 g/t gold and 7.64 g/t silver from 51.8 metres to 155.5metres depth (103.7 metres) downhole.
On July 20, 2021 Arizona Silver reported drillingresults on the above drill holes. Those holes reported 59.5 metres and37 metre widths of mineralization from holes PRC21-85 and PRC21-80respectively. Significantly, the latest results expand the width ofthat lower grade mineralization to 115.9 metres and 103.7 metresrespectively. The samples represent intervals primarily from thehanging wall of the high-grade vein intercepts that were not submittedinitially as they were not expected to contain appreciable gold.
Greg Hahn, VP-Exploration states “ The assay results from altered volcanics in thehanging wall (upper portion) of the high-grade vein surprised us,carrying substantial gold where quartz veins are mostly absent. Thegold appears to be associated with strong hydrothermal alterationcomprising iron staining and clays, mostly green, not vein quartz thattypifies the remainder of the mineralized intercepts. This associationis new for the Philadelphia property and suggests we are on to alarger mineral system than just the high-grade vein that characterizedhistorical production and our earlier exploration focus on theproperty”.
“I am anxious to resume drilling using adiamond drill as follow up. The recently completed financing willprovide us the budget to drill step-out holes to further extend thegold mineralization of Philadelphia”, adds Greg Hahn.”
Unsampled intervals from adjacentholes PRC21-78 and PRC21-79 will now be submitted for assay toevaluate the hanging wall volcanics in those drillholes.
Revised assay sections and summary intervalsections for these two drill holes will be posted to the web link here for sections . Truethicknesses of the reported assay intervals are estimated to beapproximately 72 metres.
QA/QC Program
Samples were delivered to the ALS sample preparation facility inTucson, Arizona, where the samples are inventoried, dried, crushed andpulverized. Pulverized splits are sent to the ALS analyticalfacility in Vancouver, British Columbia for analyses. All materialhandling is done under a strict chain of custody protocol. Gold isdetermined by fire assay with an AA finish and silver is determined byICP-MS methods within a 31-element suite.
The Company traditionally maintains its own program of insertingStandard Reference material in the form of standards and blanks to thesampling stream, prior to being shipped to ALS's preparation facilityin Tucson, Arizona, in addition to the independent QA/QC protocols ofALS Global.
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 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 narrate our latestPowerPoint now available on the website link: : youtu.be/W2CHsoW3P3w 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 2021 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.
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