(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 21 , 2022 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that drilling at the Philadelphia gold project, MohaveCounty, Arizona has again extended the dip extent of broad stockworkand high grade vein gold-silver mineralization. Assays have beenreturned for hole PC22-91 with assays for two holes awaited.
Core Hole PC-22-91 (Terminated inMineralization)
Core hole PC-22-91 was a deep test of thePhiladelphia vein system, drilling down dip of the high-grade veinencountered in core holes PC-22-86, PC-22-87, PC22-88, and in reversecirculation (RC) holes PRC21-81, PRC21-82, and PRC21-83. The holesuccessfully intersected the vein 60 metres down dip of PC-22-88.
Drilling has now defined high-grade mineralization overa dip length of +200 metres with the system open at depth.Furthermore, in PC-22-91 the lower grade (mostly footwall stockworkmineralization) extends over a thickness of 78.7 metres, from slightlyabove the high-grade vein to the bottom of the hole. The grades andvein breccia textures were improving towards the bottom when the holewas lost at 252.1 metres due to unstable ground conditions. The holehad been designed to potentially continue in mineralization for afurther 22 metres.
Details of the uncut drill length interceptsfollow:
High grade vein interval : 176.59-178.96 metres, 2.38m, 6.71 gpt gold, 22.6 gptsilver
Total Mineralized Zone : 173.5-252.1 metres (end of hole): 78.7 m, 0.964 gpt gold,9.20 gpt silver.
Mr. Greg Hahn, Vice President, Exploration commented, ” On the drill section containing holePC-22-91 the vein continuesuninterrupted for +200 metres down dip. However, based on veintextures, clay mineralogy, and geochemistry we believe we are stillabove the heart of the boiling zone of the system where the highestgrades would be anticipated. In due course deeper drilling is a highpriority.
“We have drilled the vein and theadjacent lower grade stockwork mineralization from two drill padslocated 300 metres apart with complete success. All holes on thesesections intersected gold-silver mineralization as predicted. One ofthe two un-assayed drill holes (PC-22-92T) is an importantconfirmation of earlier RC drill holes that intersected +100 metres ofmineralization. The second awaited hole (PC-22-93), is located 350metres to the north of PC-22-91 and intersected good stockwork quartzmineralization. I look forward to drilling this northern extension ofmineralization.”
Updated geologic sections and photos of core from thecompleted holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .
Program Going Forward
The Northern Extension
From the site of the deep drill hole reported in thisrelease we have no drilling data northward but for recently completedhole PC-22-93 referenced above, other than an area of historicdrilling. Click here for historicMeridian drill results. This openextension has both vein and stockwork mineralization over a width of30-80. metres. Up to 26 RC drill holes (~5000 metres) have beendesigned to test a target area approximately 500 metres long north ofdrilling completed recently to a vertical depth of approximately 100metres.
The Southern Gap
From the deep drill hole reported in this release wehave no drilling to the south for a strike length of 300 metres. This southern gap is bounded to the south by an array of drill holes,including the confirmation drill hole PC-22-92T (resultsawaited ) mentioned above. Given that RC drillingon the northerngap is considerably more cost effective toperform than than the diamond drilling necessary for the southern gap, the RCprogram will be scheduled first. Rig availability is anticipated inthe Fall.
In the meantime, we will compile the results ofhistoric drilling north of the northern gap . That drilling returnedpotentially economic grade widths of stockwork mineralization in thevicinity of historic mining. Results will be reported.
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. Important factors that could cause actual resultsto differ materially from the Company's plans or expectations includethe risk that actual results of current and planned explorationactivities, including the results of the Company's 2022 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's2022 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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