(TheNewswire)
Vancouver, B C - TheNewswire - June 21, 2023 - ArizonaSilver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that it has received final assays from core hole PC23-111 at the Philadelphia epithermal gold-silverproject in Mohave County, Arizona. The drill hole was designed to testthe down dip and easterly extension of vein and stockwork mineralization intersected some 30 metres away inthe deepest previously hole.
Core hole PC23-111 intersected 102.15metres (“m”) at 0.716 grams per tonne (“gpt”) gol d and 4.56 gpt silverfrom 182.30m to 284.45m.
The total interval includes three intercepts ofbrecciated vein as follows:
182.3m-185.5m (3.2m) at 6.2 gpt gold and 11.3 gptsilver,
230.6m-231.6m (1.0m) at 4.04 gpt gold and 9.2 gptsilver, and
275.15m-281.64m (6.49m) at 1.91 gpt gold and 8.77 gptsilver.
True thickness of the intercepts is approximately 50%of the drilled thickness. Seecross section below .
The three veins are referenced as the HW vein, theintermediate vein, and the FW vein respectively. Readers should referto the May 16, 2023 News Release for a complete geological descriptionof this drill hole.
Mr. Greg Hahn. VP-Explorationcomments, “As anticipated, PC23-111 confirms the down-dip andeastward continuation of the mineral system. We now await results from PC23-112, a new -45 degreehole from the same pad location as PC23-111. That hole is testing thewestern portion of a low resistivity CSAMT anomaly that is believed tobe a clay cap above the boiling zone at the Red Hills target. Samples are in the lab andresults will be announced when received.”
QA/QC Program
All assaying was conducted by ALS Global, anindependent analytical laboratory. Complete core was delivered to theALS sample preparation facility in Tucson, Arizona, where the samplesare catalogued, photographed, sawed and sampled according toCompany-selected intervals. Samples are then crushed and pulverized. Pulverized splits are sent to the ALS analytical facility inVancouver, British Columbia for analyses. All material handling isdone under a strict chain of custody protocol. Gold is determined byfire assay with an AA finish, with a gravimetric finish on samplesgreater than 10 grams per tonne gold, and silver is determined byICP-MS methods within a 31-element suite.
The Company 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 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 and the subject ofthis news release.
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 2023 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 2023 drilling program(s) on its properties, will notbe consistent with the Company's expectations; the geology, grade andcontinuity of any mineral deposits and the risk of unexpectedvariations in mineral resources, grade and/or recovery rates;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 drilling permits) and environmental liability; timelinessof government or regulatory approvals; and other risks detailed hereinand from time to time in the filings made by the Company withsecurities regulators. In connection with the forward-lookinginformation contained in this news release, the Company has madenumerous assumptions, including that the Company's 2023 programs wouldproceed as planned and within budget. The Company expressly disclaimsany intention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise, except as otherwise required by applicable securitieslegislation.
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