(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 25, 2022 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that drilling at the Philadelphia project, Mohave County,Arizona has extended the strike of high grade gold-silvermineralization. Assays have been returned for two holes with twofurther holes in the assay laboratory. Drilling iscontinuing.
Holes PC22-89 and PC22-90 (beneaththe “shark fin”)
These holes extend recently drilled high grademineralization to the north under the “shark fin”, a weaklymineralized breccia. The two holes intersected the target aspredicted, confirming the “boiling zone” model that guides ourexploration. A high-grade vein was intersected 45 metres down-dip fromthe outcrop, with the deeper of the two drill holes yielding the bestthickness and grade as anticipated.
PC22-90 (deeper hole)
-
High grade (hanging wall) vein: 93.84 to 96.10 metresdownhole depth (2.26m) at 11.81 gpt gold, 39.31 gpt silver,within
-
High Grade Vein Interval: 91.68 to 99.70 metres (8.02m)at 7.50 gpt gold, 29.07 gpt silver, within
-
Total Mineralized Zone: 82.41 to 113.41 metres (31.01m)at 2.38 gpt gold, 10.58 gpt silver
PC22-89 (shallower hole)
-
High Grade HW Vein : 72.59 to 73.54 metres (0.95m) at11.20 gpt gold, 27.88 gpt silver, within
-
Total Mineralized Zone: 60.67 to 81.71 metres (21.04m),0.97gpt gold, 1.33 gpt silver
Mr. Greg Hahn, Vice President, Exploration commented,“ All of the assayed holesin this program have intersected potentially economic grademineralization. The two new holes demonstrate how quickly theepithermal vein system changes with depth from no vein at the “sharkfin”, to a narrow vein 45 metres below the outcrop (PC22-89), to athick vein interval 35 metres deeper (PC22-90). The vein continues todepth, with intercepts in holes PC22-88 and PC22-91 (with assaysoutstanding).”
“We followed these holes withPC22-91, a deep test below this mineralization. The rig then moved 300metres to the south to drill PC22-92, a core drill twin of a previousreverse circulation drill hole. That hole has been completed with thedrill rig now sited on PC22-93, 350 metres north of the “sharkfin.” Assays are awaited,” continued GregHahn.
Updated geologic sections and photos of core from thecompleted holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .
Geologically, holes PC22-89 andPC22-90 tested the “shark fin,” a calcitecemented breccia that contains clasts of quartz vein material and altered Tr2rhyolite . They were drilled from the same drill pad as the previouscore holes but on a new azimuth of 325 degrees instead of 270 degrees.See Section 1.
Hole PC-91 tested down-dip of the holes reported herebut was lost at 266 metres in mineralization. The zone started at 173metres with abundant stockwork quartz in Tr2 breccia and quartz veinclasts, followed by the lower vein breccia. The drill rods becameinterminably stuck at 266 metres in the lower vein breccia resultingin the hole being abandoned. We plan to re-drill the hole at a laterdate from a different pad to complete the intercept in the footwallvein and to intersect the Arabian Fault.
The drill rig was moved to our southern access arealocated 300 meters to the south of the Section 1 holes reported above.The intervening 300 metre strike is undrilled to date pending roadconstruction. A core hole, PC22-92 was drilled parallel to RC holePRC21-85, which intersected 115.9 metres of 1.34 gpt gold and 5.78 gptsilver, our thickest drill intercept to date. The core twin isintended to provide a comparison of RC drilling results to coreresults where groundwater flow is present.
Lithologies compared quite favourably between the twodrill holes. The presence of quartz in the footwall granite is readilyexplainable by a unique bi-lithic breccia consisting of quartz veinclasts and granite clasts below the stockwork quartz in Tr2 rhyolite,and by the continuation of stockwork quartz in the granite below thebi-lithic breccia. Both holes PC22-91 and PC22-92 are in thelaboratory.
The drill is currently on hole PC22-93, located 350meters north of the holes reported in this press release, drillingbeneath a prominent hill of stockwork quartz in granite. The hole iscurrently down 54 metres, having intersected brecciated stockworkquartz in the Arabian Fault and in the footwall granite beginning at27 metres depth. The hole is targeted for 180 metres, to test the fullextent of the stockwork quartz system exposed on the hill.
There are no drill holes testing the 350 metre-strikelength between this hole and the two holes reported in this release.Meridian Gold drilled the upper 30 metres of the hill in the early1980s with good results, but they failed to test the down-dippotential due to right-of-way limitations at the time. Those issueswere eliminated in the late 1990’s when the highway was relocated.
QA/QC Program
All assaying was conducted by ALS Global, anindependent analytical laboratory. Core was trucked to the ALS samplepreparation facility in Tucson, Arizona, where the samples areinventoried, dried, crushed and pulverized. Pulverized splits aresent to the ALS analytical facility in Vancouver, British Columbia foranalyses. All material handling is done under a strict chain ofcustody protocol. Gold is determined by fire assay with an AA finishand silver is determined by ICP-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. The company hasrecently received a positive Record of Decision on its Notice ofIntent to drill an initial twelve exploration holes on its recentlyacquired Silverton gold-silver property that hosts Carlin-typetargets. Drilling there will be scheduled as time and equipment allow.
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 2022 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 2022 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 drillingpermits) and environmental liability; timeliness of government orregulatory approvals; and other risks detailed herein and from time totime in the filings made by the Company with securities regulators. Inconnection with the forward-looking information contained in this newsrelease, the Company has made numerous assumptions, including that theCompany's 2022 programs would proceed as planned and within budget.The Company expressly disclaims any intention or obligation to updateor revise any forward-looking statements whether as a result of newinformation, future events or otherwise, except as otherwise requiredby applicable securities legislation.
Copyright (c) 2022 TheNewswire - All rights reserved.