(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 9, 2023 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce that it has received final assays from 12 reverse circulation (“RC”) drill holes at thePhiladelphia epithermal gold-silver project in Mohave County, Arizona.The drilling program intersected high grade goldvalues in both footwall (FW) and hanging wall (HW) veins, withmineralized stockwork between.
Five holes were completed on one of three patentedclaims known as the Rising Fawn Zone and seven in the GAP located inthe Perry Zone. All 12 holes intersected goldmineralization in previously undrilled areas.
Highlights include 51 grams per tonne(“gpt”) gold and 16.1 gpt silver in the FW vein from 54.88metres (m) to 56.40m and 18.2 gpt gold and 46.6 gpt silver in the HWvein from 13.72m to 15.24m, in hole PRC23-97. The entire interval from10.67m to 60.98m (50.31m) averages 2.89 gpt gold and 6.74 gptsilver. Complete summary assay results fromthe 12 holes are tabulated below.
Mr. Greg Hahn. VP-Exploration comments, “Our drilling on these previouslyundrilled areas has delivered precisely what we were targeting –continuity of good grade mineralization. On the Rising Fawn Zonebeneath and along strike of mine workings we have demonstratedcontinuity of robust gold mineralization from near surface to depthsof 70-100 metres. In the Perry Zone our successful drilling of the GAPhas been particularly encouraging. We confirmed the continuity ofmineralization in that previously undrilled area. Importantly, thesystem remains open along strike in both directions and downdip”.
Sections available here: https://arizonasilverexploration.com/philadelphia
Q1 2023 RC Drilling Program Summary Assay Results | ||||||
Rising Fawn Zone | Est. True | |||||
Drill Hole | From m | To m | Length m | Au gpt | Ag gpt | Width m |
PRC23-97 | 10.67 | 60.98 | 50.30 | 2.894 | 6.74 | 50 |
including | 13.72 | 15.24 | 1.52 | 18.2 | 46.6 | 1.5 |
and | 54.88 | 56.40 | 1.52 | 51 | 16.1 | 1.5 |
PRC23-98 | 6.10 | 70.12 | 64.02 | 1.093 | 6.31 | 64 |
PRC23-99 | 19.82 | 94.51 | 74.70 | 0.976 | 5.38 | 53 |
PRC23-100 | 0.00 | 65.55 | 65.55 | 0.423 | 1.71 | 65 |
PRC23-101 | 32.01 | 112.80 | 80.79 | 0.734 | 2.01 | 57 |
including | 105.18 | 106.71 | 1.52 | 8.84 | 11.5 | 1.5 |
*holes PRC-102 and PRC-103 were not drilled |
Perry (GAP) Zone | Est. True | |||||
Drill Hole | From m | To m | Length m | Au gpt | Ag gpt | Width m |
PRC23-104 | 62.50 | 88.41 | 25.91 | 1.096 | 9.73 | 24.3 |
including | 70.12 | 74.70 | 4.57 | 3.3 | 27.6 | 3 |
PRC23-105 | 91.46 | 112.80 | 21.34 | 0.789 | 4.04 | 16.4 |
including | 91.46 | 92.99 | 1.52 | 5.65 | 29.1 | 1 |
PRC23-106 | 137.20 | 161.59 | 24.39 | 0.503 | 2.95 | 12.2 |
including | 138.72 | 140.24 | 1.52 | 3.16 | 14.6 | 0.76 |
PRC23-107 | 53.35 | 73.17 | 19.82 | 1.428 | 11.3 | 18.6 |
including | 57.93 | 60.98 | 3.05 | 5.6 | 32.4 | 5.3 |
PRC23-108 | 71.65 | 117.38 | 45.73 | 0.475 | 2.63 | 35 |
including | 77.74 | 79.27 | 1.52 | 4.56 | 30.9 | 1.2 |
PRC23-109 | 54.88 | 86.89 | 32.01 | 0.55 | 4.21 | 24.5 |
PRC23-110 | 80.79 | 97.56 | 16.77 | 0.302 | 1.55 | 12.9 |
Current Drilling
The Company has commenced core drilling to test the thedown-dip extension of the HW and FW Veins and the western edge of therecently identified Red Hill CSAMT geophysical target (see NewsRelease April 22, 2023). Results will be announced as received.
QA/QC Program
All assaying was conducted by ALS Global, anindependent analytical laboratory. Reverse circulation (RC) cuttingswere delivered to the ALS sample preparation facility in Tucson,Arizona, where the samples are catalogued, dried, crushed, andpulverized. Pulverized splits are sent to the ALS analyticalfacility in Vancouver, British Columbia for analyses. All materialhandling is done under a strict chain of custody protocol. Gold isdetermined by fire assay with an AA finish, with a gravimetric finishon samples greater than 10 grams per tonne gold, and silver isdetermined 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 and the subject ofthis news release.
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 2023 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 2023 drilling program(s) on its properties, will notbe consistent with the Company's expectations;the geology, grade and continuity of any mineral deposits and the riskof unexpected variations in mineral resources, grade and/or recoveryrates; 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 2023 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 .
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