(TheNewswire)
Vancouver, British Columbia– TheNewswire - April 26, 2021 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) wishes toreport initial results from core drilling completed in March 2021 atthe Company's Philadelphia gold-silver project located in MohaveCounty, Arizona. A core drill rig has completed a total of 18 holes todate. Results of three of the first seven holes are shown in thetable below. Results from four core holes completed in March remainoutstanding and results from seven core holes completed in Aprilremain outstanding. Three of those outstanding holes were drilled onthe Perry patented claim.
PC21-61 through PC21-63 Results | |||||
Section 100N | |||||
Hole ID | From | To | Feet | Au gpt | Ag gpt |
PC21-61 | 0.8 | 3.3 | 2.5 | 0.76 | 132.0 |
PC21-61 | 3.3 | 6.5 | 3.2 | 0.39 | 37.3 |
PC21-61 | 6.5 | 9.5 | 3.0 | 0.09 | 18.9 |
PC21-61 | 9.5 | 12.5 | 3.0 | 0.17 | 15.5 |
PC21-61 | 12.5 | 16.5 | 4.0 | 0.14 | 26.3 |
PC21-61 | 16.5 | 18.0 | 1.5 | 0.79 | 41.7 |
PC21-61 | 18.0 | 23.0 | 5.0 | 0.05 | 13.7 |
Total | 0.8 | 23.0 | 22.2 | 0.27 | 35.53 |
PC21-62 | 1.0 | 3.0 | 2.0 | 11.10 | 316.0 |
PC21-62 | 3.0 | 6.7 | 3.7 | 0.66 | 57.5 |
PC21-62 | 6.7 | 9.7 | 3.0 | 0.21 | 47.7 |
PC21-62 | 9.7 | 12.0 | 2.3 | 0.17 | 23.9 |
PC21-62 | 12.0 | 17.0 | 5.0 | 0.15 | 38.7 |
PC21-62 | 17.0 | 19.3 | 2.3 | 4.63 | 162 |
Total | 1.0 | 19.3 | 18.3 | 2.03 | 87.92 |
Section 200N | |||||
PC21-63 | 23.1 | 26.5 | 3.4 | 0.07 | 2.5 |
PC21-63 | 26.5 | 29.3 | 2.8 | 0.25 | 0.8 |
PC21-63 | 29.3 | 32.2 | 2.9 | 0.70 | 4.1 |
PC21-63 | 32.2 | 37.3 | 5.1 | 0.24 | 20.7 |
PC21-63 | 37.3 | 42.0 | 4.7 | 0.05 | 11.4 |
Total | 23.1 | 42.0 | 18.9 | 0.23 | 9.62 |
All drill intercepts are approximately true widths.
The core rig has demobilized to another client’s project. Areverse circulation (RC) rig is scheduled to arrive mid to late May tocontinue drilling the gold-bearing quartz vein on the Perry Patentedclaim. The Patented Perry claim was tested in three recently completedcore holes testing the down dip of a gold-bearing green quartz veinexposed in a shallow pit on the surface. Gold-bearing quartz veinsare exposed along much of the strike length (1,250 feet) of the veinon the Perry Patented claim. A total of 5,000 -7,000 feet of RCdrilling is planned in 15-20 holes to test approximately 500 feet ofstrike and dip along the vein. We are funded to complete additionaldrilling once results are known.
Arizona Silver’s Vice President – Exploration, Greg Hahn,commented, "We continue to intersect good gold and silver valuesin the Philadelphia vein system. We are working on unravelling thestructure that has complicated the geology and believe we haveidentified a faulted extension to the west that should allow us tocontinue to test the vein system with relatively shallow drillholes.”
Results from the three holes drilled at the Perry claim are not inyet, but we did see green quartz and clays in all three holes whereanticipated and we are anxiously awaiting the assay results.
QA/QC Program
All assaying was conducted by ALS Global, an independent analyticallaboratory. Core boxes and RC cuttings were delivered to the ALSsample preparation facility in Tucson, Arizona, where the core iscatalogued, photographed, sawed, and crushed and pulverized. Pulverized splits are sent to the ALS analytical facility inVancouver, British Columbia for analyses. All material handling isdone under a strict chain of custody protocol. Gold is determined byfire assay with an AA finish and silver and beryllium are determinedby ICP-MS methods within a 31-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 ExplorationInc.
Arizona Silver is a young exploration company focusedon exploring underexplored gold-silver properties in western Arizonaand now Nevada. The Company plans to continue to drill test the RamseySilver Mine property located a short distance east of Quartzsite,Arizona as time allows. The Company has recently received a positiveRecord of Decision on its Notice of Intent to drill an initial eightexploration holes on its recently acquired Silverton gold-silverproperty with carlin-type targets. Drilling there will be scheduled astime and equipment allow.
Please refer to our web site for all news and updatedproperty information.
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 2020-2021exploration program; the potential for development of the mineralresources; the potential mineralization and geological merits of theexploration properties; and other future plans, objectives orexpectations of the Company. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectations include therisk that actual results of current and planned explorationactivities, including the results of the Company's 2021 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's2021 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.
Copyright (c) 2021 TheNewswire - All rights reserved.