(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 27, 2021 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that recent high grade drilling results have prompted theCompany to stake an additional 10 lode mining claims (200 acres) atthe Philadelphia project in Mohave County, Arizona.
Greg Hahn, VP-Exploration states “ We have staked additional mining claims to coverthe depth extension of the Perry vein system that returned the highgrade gold results announced xxxxx. The new claims cover stronglyaltered and iron oxide-stained flow dome rhyolite that forms thehanging wall of the vein system where drilled. Significantly,alteration in the rhyolite is strong to intense which suggests itoverlies a robust mineral system. In my view it was imperative that wesecure the potential depth extensions of the vein system beneath suchimpressive hydrothermal alteration.”
The Hanging WallRhyolite
The hanging wall rhyolite is now considered a key indicator ofmineralization on the property. The hydrothermally altered rhyolitehas outcrop dimensions of some 600 metres by 1000 metres. Drillingon the Perry vein west of the new claims intersected the rhyolite inall of the holes. Accordingly the vein is projected to continue atdepth beneath the rhyolite body.
The rhyolite is unique within the numerous rhyolite bodies on theproperty in that it has a strong hyperspectral reflectance indicativeof strong hydrothermal alteration, as shown on the USGS Great Basinalteration map. To our knowledge there are no drill holes or mineworkings in this rhyolite, except where the Company has discoveredmineralization near surface.
Potential Waste RockDisposal Site
The eastern portion of the new claims covers a shallow bowl-shapedarea in unmineralized and weakly altered to unaltered volcanics. This is a potential waste rock disposal site for future open pitmining at Philadelphia. South of the new claims the rhyolites aresignificantly less altered. That area was recently staked by NorthernVertex such that they surround the southern portion of the Company’spre-existing claim group.
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 underexplored gold-silver properties in western Arizonaand now Nevada. The Company plans to continue to drill test the RamseySilver Mine property located a short distance east of Quartzsite,Arizona as time allows. The Company has recently received a positiveRecord of Decision on its Notice of Intent to drill an initial twelveexploration holes on its recently acquired Silverton gold-silverproperty with carlin-type targets. Drilling there will be scheduled astime and equipment allow.
Please refer to our web site for all news and updatedproperty information.
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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