(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 06, 2023 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is releasingthe geological sections from the March 2023 reverse circulation(“RC”) drilling program at the Philadelphia epithermal gold-silverproject in Mohave County, Arizona. The program consisted of 12 holesfor a total of 1256 metres. Assay results are awaited.
Six sections present the new drill holes. Threesections are from the Rising Fawn Zone and three sections are from thePerry Zone. These drill holes fill two gaps that existed previouslyin the drill hole density and straddle the fences of hole completed in2021-2022 at the north end of the Perry Zone.
Drill thicknesses of “visibly mineralizedintervals” range from 55-82 metres in the Rising Fawn Zone with anestimated true thickness of 50-60 metres (See Sections RF2, 3 and 4). In the Perry Zone the drill thickness ranges from 30-76 metres withan estimated true thickness of 30-45 metres (See Sections MP_260, 300and 330) . The HW vein is primarily present in the holes completedin the Perry Zone and in one hole completed in the Rising Fawn Zone.Where it is absent the drill rig may have been positioned on top ofthe HW vein in several drill holes, concealed by surfacematerial.
Mr Greg Hahn. VP-Exploration comments, “These geologic sections demonstrate excellent continuity of the host geology and stockworkmineralization from two areas separated by +300 metres of strike. Theyform part of a continuously mineralized system with a total strikelength drilled over at least 1.7 kilometers. Continuity ofmineralization down dip is impressive to date, with a dip length of atleast 200 metres demonstrated. Mineralizatian continues to remain opendown-dip and along strike”
Click here toview the Q1-2023 Geological Drill Sections.
Visibly mineralized intervals are defined by thepresence of stockwork quartz with or without a pronounced hanging wallvein (the HW vein). Occasionally visible gold(“VG”) is present in panned concentrates from the drill rejects. Gold may or may not be present throughout ‘visibly mineralizedintervals” and gold may be present above and/or below the “visiblymineralized intervals’ where no quartz is visible.
The geological sections represent three major rockunits on the property: Upper Volcanics, Tr2 Rhyolite Dike, andGranite. All three rock units can contain gold elsewhere on theproperty. Quartz stockwork and/or silicification is replete throughoutthe Tr2 rhyolite dike and extends into the underlying granite forvariable distances. Quartz stockwork is not evident in the uppervolcanics. Mineralization at the Rising Fawn zone is dominantlywithin the granite and is consistent with mineralization evident onsurface. Mineralization in the Perry Zone is dominantly in the Tr2rhyolite with increasing amounts of mineralized granite in the deeperdrill holes. The zone is only exposed on surface in one old prospecttrench.
QA/QC Program
All drill samples have been delivered to the ALS samplepreparation facility in Tucson, Arizona for sample preparation under astrict chain of custody. All assaying will beconducted by ALS Global, an independent analytical laboratory. At theALS sample preparation facility in Tucson, Arizona the samples areinventoried, dried, crushed and pulverized. Pulverized splits aresent to the ALS analytical facility in Vancouver, British Columbia foranalyses. Gold is determined by fire assay with an AA finish andsilver 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 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 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 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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