(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 07, 2021 – Arizona SilverExploration Inc. (TSXV:AZS) (OTC:AZASF) ispleased to report that it has completed its Q2 reverse circulation(“RC”) drilling program at the Company’s Philadelphiagold-silver project located in Mohave County, Arizona. The Companycompleted a total of 6,270 feet in 15 holes on the recently acquiredPerry Claim. Exploration drilling focused on testing along the strikeand shallow dip of +1400 feet of the Perry vein, visible in outcrop atsurface.
In reference, we are 4,000-5,000 lineal feet away fromthe Philadelphia mine/vein area where we last intersected thehigh-grade vein. Click here to view newsrelease .
A total of 15 RC holes were drilled on five sectionsand tested the shallow levels of the Perry vein exposed on thesurface. All 15 holes intersected the vein. Vein thicknesses generallyincrease with depth as do vein textures. The deepest interceptslooked the best in terms of thickness and boiling zone textures. Itis apparent from the results of this drilling program that we appearto have the complete boiling zone preserved intact beneath thesurface. Also, the host geology is relatively uninterrupted bypost-mineral faulting that confounds the exploration of the down-dippursuit of the Philadelphia vein to the north.
Drilling samples from the RC drilling campaign arebeing sent to ALS Minerals sample preparation facility in Tucson,Arizona under strict chain of custody.
We have 4,500 feet of strike, south of the Perry claim,that remain untested. Our district level analysis interprets that theentire +11,000 feet of the vein system is tilted to the south. Thefurther south along the vein system we go the higher we appear to bein the vein system, and the better preserved the boiling zone is.Conversely, the further north we go the deeper we appear to be in thevein system. Erosion appears to have removed (a significant) part ofthe vein system in the north. Sampling is underway to follow up onearlier sampling that indicated the presence of anomalous gold andsilver in association with the continuation of the Arabian fault andassociated veining within and south of the Perry claim. Click here to viewclaims .
Arizona Silver’s Vice President – Exploration, GregHahn, commented, “We are excited to be the first to test the Perryvein with drilling. Surface samples indicate the presence of visiblegold. The vein as exposed on the surface is consistently 20-30 feetwide and consists of green and white quartz with locally blackcalcite. Drilling supports the continuity of these characteristicswith depth. Panning of cuttings periodically reveals the presence offine-grained gold in the drill cuttings. While this is no indicationof the grade of the intervals drilled, it does substantiate that thereis gold in the system, and we are encouraged that the improvement inthickness and vein quality with depth bodes well for success in thiscampaign and the potential to chase this system not only further downdip but also along strike.” Our deepest hole on this program hasbeen 350 feet down dip, so far. A lot of open potential remains downdip.
Qualified Person
Gregory Hahn, VP-Exploration and a CertifiedProfessional Geologist (#7122) is a Qualified Person under NationalInstrument 43-101 (“NI 43-101”) and has reviewed and approved thetechnical information contained in this news release.
About Arizona Silver Exploration Inc.
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 eightexploration 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 ofDirectors:
ARIZONA SILVER EXPLORATION INC.
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-LOOKING STATEMENTS
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 2020-2021 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's2020-2021 programs would proceed as planned and within budget. TheCompany expressly disclaims any intention or obligation to update orrevise 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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