(TheNewswire)
Highlights:
Highest grades of gold, silver, and beryllium encountered to date inhole PC20-37, as follows:
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- 33.56 grams/tonne (gpt) Au and 54.7gpt Ag over 2.35 metres , within a thickerinterval of 10.76 metrescontaining 9.26 gpt Au , 79.8 gpt Ag, and 344 gpt Be beginning at a depth of 27.96 metres.
- All five of the other core holes from the initial 2020 drillingprogram returned excellent gold and silver and beryllium values in thetarget vein adjacent to and down-dip from previously announcedhigh-grade gold-silver drill results on the Philadelphia vein.
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- 13.3 grams/tonne(gpt) Au and 179 gpt Ag over 1.5 metres, within athicker interval of 9.3 metres containing 3.3 gpt Au and 80.7 gptAg , beginning at a depth of 2.9 metresimmediately below alluvium.
- 11.7 grams/tonne (gpt) Au and 212gpt Ag over 0.76 metres, within a thicker interval of 5.6 metres containing 3.5 gpt Au and 173 gptAg , beginning at a depth of 26.9metres.
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- A follow-up drilling program is planned to continue to pursue thevein along strike and down dip of the intercepts encountered to date.
Vancouver, British Columbia - TheNewswire - October 05, 2020 - Arizona Silver ExplorationInc. (TSXV: AZS ) (OTC:AZASF) is pleased to report continuing high-grade goldand silver assay results from its recently completed core drillingprogram on the Company's Philadelphia gold-silver project located inMohave County, Arizona. The exploration work is focused on thenorthern strike extension from old high-grade underground mineproduction during the first half of the 20 th century where high-gradedrill hole intercepts were reported recently (September 02, 2020).
All six core holes reported here hit the primary vein target eitheralong strike or down dip from the previous high-grade intercepts.
Arizona Silver's Vice President - Exploration, Greg Hahn, commented,"We are excited that these results demonstrate the gold andsilver grades and thicknesses encountered historically to the south ofthis drilling grogram continue to the north and remain wide open bothalong strike and down-dip. We will continue to pursue this high-gradevein with more core drilling to further identify grade and thicknesswithin the plane of the vein."
Summary Table of Core Drill Results
------------------------------------------------------------- |PC20-37A SUMMARY RESULTS | | | | | |-----------------------------------------------------------| |Section 400N, 300 az., -75 incl. | | | | | |-----------------------------------------------------------| | | | | | |Est. True| |-----------------------------------------------------------| | |Thickness |Au |Ag |Be |Thickness| |-----------------------------------------------------------| |MAIN VEIN |feet |ppm |ppm |ppm|feet | |-----------------------------------------------------------| |PC20-37A 91.7-94.3|2.6 |1.58|31.2|13 |2.0 | |-----------------------------------------------------------| |PC20-37A 94.3-98.3|4 |37.4|21.3|32 |3.0 | |-----------------------------------------------------------| |PC20-37A 98.3-102 |3.7 |29.4|90.8|115|2.8 | |-----------------------------------------------------------| |PC20-37A 102-106 |4 |2.55|150 |481|3.0 | |-----------------------------------------------------------| |PC20-37A 106-110 |4 |7.68|150 |913|3.0 | |-----------------------------------------------------------| |PC20-37A 110-114 |4 |4.13|115 |953|3.0 | |-----------------------------------------------------------| |PC20-37A 114-118 |4 |0.77|109 |498|3.0 | |-----------------------------------------------------------| |PC20-37A 118-122.7|4.7 |0.67|34.9|30 |3.6 | |-----------------------------------------------------------| |PC20-37A 122.7-127|4.3 |0.19|13.0|10 |3.3 | |-----------------------------------------------------------| | | | | | | | |-----------------------------------------------------------| |TOTALS 91.7-127 |35.3 |9.26|79.8|344|26.8 | -------------------------------------------------------------
--------------------------------------------------------------------- |PC20-38B SUMMARY RESULTS | | | | | | |-------------------------------------------------------------------| |Section200N, 300 az., -55 incl. | | | | | | |-------------------------------------------------------------------| | | | | | | |EST.TRUE| | |-------------------------------------------------------------------| | |Thickness |Au |Ag |Be | |THICKNESS| | |-------------------------------------------------------------------| |MAIN VEIN |feet |ppm |ppm |ppm | |feet | | |-------------------------------------------------------------------| |PC20-38B 9.5-11.5 |2.0 |0.70 |24.1 |217.0| |1.8 | | |-------------------------------------------------------------------| |PC20-38B 11.5-13 |1.5 |0.28 |27.2 |54.4 | |1.4 | | |-------------------------------------------------------------------| |PC20-38B 13-16 |3.0 |0.27 |70.1 |354.0| |2.7 | | |-------------------------------------------------------------------| |PC20-38B 16-19 |3.0 |4.12 |77.9 |84.7 | |2.7 | | |-------------------------------------------------------------------| |PC20-38B 19-23 |4.0 |3.40 |35.4 |29.7 | |3.6 | | |-------------------------------------------------------------------| |PC20-38B 23-26 |3.0 |0.16 |26.2 |9.1 | |2.7 | | |-------------------------------------------------------------------| |PC20-38B 26-26.8 |0.8 |0.87 |23.9 |27.8 | |0.7 | | |-------------------------------------------------------------------| |PC20-38B 26.8-30 |3.2 |0.06 |29.4 |10.1 | |2.9 | | |-------------------------------------------------------------------| |PC20-38B 30-32 |2.0 |0.88 |97.7 |9.0 | |1.8 | | |-------------------------------------------------------------------| |PC20-38B 32-35 |3.0 |1.16 |168.0|62.5 | |2.7 | | |-------------------------------------------------------------------| |PC20-38B 35-40 |5.0 |13.30 |179.0|119.5| |4.5 | | |-------------------------------------------------------------------| |END OF TWIN OF -38A| | | | | | | | |-------------------------------------------------------------------| |TOTALS 9.5-40 |30.50 |3.33 |80.7 |93.0 | |27.6 | | ---------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------- |PC20-38A SUMMARY RESULTS | | | | | | | |-------------------------------------------------------------------------------------------------------| |Section 200N, 300 az., -55 incl. | | | | | | | |-------------------------------------------------------------------------------------------------------| | | | | | | |EST. | | | | | | | | | |TRUE | | | |-------------------------------------------------------------------------------------------------------| | |Thickness |Au |Ag |Be | |THICKNESS | | | |-------------------------------------------------------------------------------------------------------| |MAIN VEIN |feet |ppm |ppm |ppm | |feet | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |5 |4.52 |37.5 |201 | |4.5 | | | |23-28 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |5 |2.46 |37.0 |73 | |4.5 | | | |28-33 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |3 |0.90 |32.4 |46 | |2.7 | | | |33-36 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |4 |0.19 |51.4 |9 | |3.6 | | | |36-40 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |5 |2.55 |163.0 |37 | |4.5 | | | |40-45 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |3 |7.16 |185.0 |122 | |2.7 | | | |45-48 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |3 |4.23 |171.0 |91 | |2.7 | | | |48-51 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-38A |5 |0.17 |183.0 |6 | |4.5 | | | |51-56 | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |TOTALS 23-56|33 |2.61 |105.3 |72 | |29.9 | | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-39A SUMMARY RESULTS | | | | | | | |-------------------------------------------------------------------------------------------------------| |Section 200N, 310 az., -55 incl. | | | | | | | |-------------------------------------------------------------------------------------------------------| | | | | | | |EST. | | | | | | | | |TRUE | | |-------------------------------------------------------------------------------------------------------| | |Thickness |Au |Ag |Be | |THICKNESS | | |-------------------------------------------------------------------------------------------------------| |HW VEIN or |feet |ppm |ppm |ppm | |feet | | |-------------------------------------------------------------------------------------------------------| |INTERMEDIATE VEIN | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 9-13 |4.0 |1.22 |10.3 |99 | |3.6 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 13-15 |2.0 |0.16 |5.7 |266 | |1.8 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 15-17.5 |2.5 |0.77 |8.7 |385 | |2.3 | | |-------------------------------------------------------------------------------------------------------| |TOTAL 9-17.5 |8.5 |0.84 |8.7 |222 | |7.7 | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |MAIN VEIN | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 88.5-93.5 |5.0 |0.25 |241.0 |94 | |4.5 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 93.5-95.5 |2.0 |4.39 |116.0 |45 | |1.8 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 95.5-98.5 |3.0 |3.17 |111.0 |17 | |2.7 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 98.5-101 |2.5 |11.70 |212.0 |49 | |2.3 | | |-------------------------------------------------------------------------------------------------------| |PC20-39A 101-107 |6.0 |2.67 |150.0 |97 | |5.4 | | |-------------------------------------------------------------------------------------------------------| |TOTAL 88.5-107 |18.5 |3.50 |173.0 |71 | |16.8 | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |PC20-36A SUMMARY RESULTS | | | | | | |-------------------------------------------------------------------------------------------------------| |Section 400N, 300 az., -55 incl. | | | | | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | |-------------------------------------------------------------------------------------------------------| | |Thickness |Au |Ag |Be | |EST. | | | | | | | |TRUE | |-------------------------------------------------------------------------------------------------------| |MAIN VEIN |feet |ppm |ppm |ppm | |THICKNESS | |-------------------------------------------------------------------------------------------------------| |PC20-36A 60.1-65.3 |5.2 |0.65 |19.7 |11.9 | |4.7 | |-------------------------------------------------------------------------------------------------------| |PC20-36A 65.3-68 |2.7 |7.92 |17.2 |80 | |2.4 | |-------------------------------------------------------------------------------------------------------| |PC20-36A 68-71 |3 |1.12 |40.3 |214 | |2.7 | |-------------------------------------------------------------------------------------------------------| |PC20-36A 71-74.5 |3.5 |1.04 |65 |500 | |3.2 | |-------------------------------------------------------------------------------------------------------| |PC20-36A 74.5-78 |3.5 |0.63 |56.4 |315 | |3.2 | |-------------------------------------------------------------------------------------------------------| |PC20-36A 78-81.5 |3.5 |1.34 |37.5 |352 | |3.2 | |-------------------------------------------------------------------------------------------------------| | | | | | | | | |-------------------------------------------------------------------------------------------------------| |TOTALS 60.1-81.5 |21.40 |1.81 |38.59 |233.85 | |19.4 | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A SUMMARY RESULTS | | | | | | | |-------------------------------------------------------------------------------------------------------| |Section 300N, 300 az., -55 incl. | | | | | | | |-------------------------------------------------------------------------------------------------------| | | | | | |EST. | | | | | | | | | |TRUE | | | | |-------------------------------------------------------------------------------------------------------| | |Thickness |Au |Ag |Be |THICKNESS | | | | |-------------------------------------------------------------------------------------------------------| |MAIN VEIN |feet |ppm |ppm |ppm |feet | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 35-42 |7 |3.16 |117 |75.0 |6.3 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 42-44 |2 |1.5 |25.3 |12.9 |1.8 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 44-47 |3 |0.06 |42.4 |9.5 |2.7 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 47-51.3 |4.3 |0.05 |27.8 |7.7 |3.9 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 51.3-56.2 |4.9 |0.75 |29.8 |72.3 |4.4 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 56.2-60.5 |4.3 |0.74 |21.4 |35.6 |3.9 | | | | |-------------------------------------------------------------------------------------------------------| |PC20-34A 60.5-62.3 |1.8 |1.5 |85.7 |24.9 |1.6 | | | | |-------------------------------------------------------------------------------------------------------| | | | | | | | | | | |-------------------------------------------------------------------------------------------------------| |Total 35-62.5 |27.30 |1.28 |55.3 |42.7 |24.7 | | | | ---------------------------------------------------------------------------------------------------------
QA/QC Program for the2019 Exploration Work
All assaying was conducted by ALS Global, an independent analyticallaboratory. Core boxes were delivered to the ALS sample preparationfacility in Tucson, Arizona, where the core is catalogued,photographed, sawed, and crushed and pulverized. Pulverized splitsare sent to the ALS analytical facility in Vancouver, British Columbiafor analyses. All material handling is done under a strict chain ofcustody protocol. Gold is determined by fire assay with an AA finishand silver and beryllium are determined by ICP-MS methods within a31-element suite.
The Company maintains its own program of inserting Standard Referencematerial in the form of standards and blanks to the sampling stream,prior to being shipped to ALS's preparation facility in Tucson,Arizona, in addition to the independent QA/QC protocols of ALS Global.
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 Exploration Inc.
Arizona Silver is a young exploration company focused on exploringunderexplored gold-silver properties in western Arizona and nowNevada. The Company plans to continue to drill test the Ramsey SilverMine property located a short distance east of Quartzsite, Arizona.The Company has recently received a positive Record of Decision on itsNotice of Intent to drill an initial eight exploration holes on itsrecently acquired Silverton gold-silver property with carlin-typetargets.
Please refer to our web site for all news and updated propertyinformation.
www.arizonasilverexploration.com
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark, President and CEO, Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements orinformation. All statements other than statements of historical factincluded in this release are forward-looking statements that involvevarious risks and uncertainties. Forward-looking statements in thisnews release include statements in relation to the timing, cost andother aspects of the 2020 exploration program; the potential fordevelopment of the mineral resources; the potential mineralization andgeological merits of the exploration properties; and other futureplans, objectives or expectations of the Company. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Company's plans orexpectations include the risk that actual results of current andplanned exploration activities, including the results of the Company's2020 drilling program(s) on its properties, will not be consistentwith the Company's expectations; the geology, grade and continuity ofany mineral 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 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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