(TheNewswire)
Vancouver, British Columbia - TheNewswire - February 09, 2021 – Arizona Silver Exploration Inc. (“Arizona” or the“Company”) (TSXV: AZS ) (OTC:AZASF) is reporting results from drilling completed inthe fall 2020 at the Company's Philadelphia gold-silver projectlocated in Mohave County, Arizona. A core drill rig completed 6 holesand an RC drill rig completed 6 pre-collars for the core holes and 2RC holes. The continued exploration drilling is focused on testing thedown dip extensions of high-grade gold-silver mineralizationintersected in the previous round of drilling announced on October 05,2020.
Both RC holes tested the area of historical drilling on Section100N. Hole PRC20-52 intersected a broad zone of gold-silvermineralization surrounding the high-grade vein that was minedhistorically as follow:
PRC20-52 Assay Results | Au gpt | Ag gpt | Thickness ft. |
PRC20-52 95-100 | 0.25 | 2.5 | 5 |
PRC20-52 100-105 | 1.77 | 20.3 | 5 |
PRC20-52 105-110 | 0.6 | 17.2 | 5 |
PRC20-52 110-115 | 0.53 | 23.5 | 5 |
PRC20-52 115-120 | 4.03 | 40.1 | 5 |
PRC20-52 120-125 | 0.61 | 11.6 | 5 |
PRC20-52 125-130** | MINED OUT | 5 | |
PRC20-52 130-135 | 0.13 | 8.1 | 5 |
PRC20-52 135-140 | 0.13 | 16.1 | 5 |
PRC20-52 140-145 | 0.21 | 24.1 | 5 |
PRC20-52 145-150 | 0.18 | 13.4 | 5 |
Mineralized Interval | 0.844 | 17.7 | 55 |
** high grade mined out True Thickness ft. | 27.5 ft. |
Hole PRC20-50 drilled below the high-grade vein mine historicallyup-dip from hole PRC20-52 and hit only low-grade gold-silver values inthe footwall of the vein. Hole PRC20-51 was abandoned at less than 100feet depth due to caving of alluvium into the hole beforemineralization was encountered.
Core hole PC20-21T was a twin of previously drilled RC hole PRC20-21which encountered a 40 ft. thick interval of the hanging wall veincarrying gold and silver values, but which also encountered high waterflows which our geologists felt compromised sample collection. Thecore hole twin intersected the same 40 ft. interval but with about 50%higher gold values and over 240% higher silver values than encounteredin the RC drill hole as shown below:
Assays for Vein Intercept PRC20-21vs. PC20-21T(core twin)
RC Hole | Au gpt | Ag gpt | Thickness ft. | Core Hole | Au ppm | Ag ppm | Thickness ft. | Delta Au | Delta Ag |
PRC20-21 130-135 | 0.745 | 1.2 | 5 | PC20-21T 137.7-140.2 | 0.53 | 4.9 | 2.5 | ||
PRC20-21 135-140 | 3.103 | 16.2 | 5 | PC20-21T 140.2-143.3 | 4.41 | 6.9 | 3.1 | ||
PRC20-21 140-145 | 0.415 | 2.2 | 5 | PC20-21T 143.3-147.7 | 1.06 | 8.3 | 4.4 | ||
PRC20-21 145-150 | 0.693 | 3.6 | 5 | PC20-21T 147.7-149.55 | 2.76 | 6.7 | 1.85 | ||
PRC20-21 150-155 | 0.797 | 2.6 | 5 | PC20-21T 149.55-153.0 | 0.37 | 4.4 | 3.45 | ||
PRC20-21 155-160 | 0.243 | 2.2 | 5 | PC20-21T 153.0-156.5 | 0.18 | 3.3 | 3.5 | ||
PRC20-21 160-165 | 0.15 | 1.2 | 5 | PC20-21T 156.5-158.1 | 0.17 | 1.6 | 1.6 | ||
PRC20-21 165-170 | 0.283 | 10 | 5 | PC20-21T 158.1-160.6 | 0.07 | 2.8 | 2.5 | ||
PRC20-21 170-175 | 0.169 | 1.2 | 5 | PC20-21T 160.6-163.3 | 0.09 | 3.8 | 2.7 | ||
PC20-21T 163.3-167.5 | 0.27 | 18 | 4.2 | ||||||
PC20-21T 167.5-172.5 | 2.6 | 34.6 | 5 | ||||||
PC20-21T 172.5-177.8 | 0.75 | 11.8 | 5.3 | ||||||
Total 130-175 feet | 0.733 | 4.5 | 45 | Total 137.7-177.8 feet | 1.134 | 11.0 | 40.1 | 54.7% | 244.6% |
True Thickness Estimate at 50% | 22.5 | 20.1 |
The above results argue for core drilling over RC drilling in knownmineralized areas. RC drilling will continue to be used forcost-effective exploration in previously undrilledareas.
RC/core holes PC-20-40A/B, PC20-42A/B, PC20-43A/B, PC20-44A/B wereall drilled to intersect the down-dip projection of the high-grademineralization encountered in previous core drilling on the property.These four holes failed to intersect any vein mineralization. HolePC20-45A/B intersected 1.9 ft. of brecciated vein mineralizationcarrying 0.49 gpt Au and 15.5 gpt Ag before crossing a fault andcontinuing into footwall andesite. We interpret these results toindicate the vein has been faulted off at depth, and we are currentlyevaluating where the offset portion of the high-grade vein lies. Evidence collected to date suggest the fault is possibly a reversefault and the continuation of the vein lies to the west beneath thecliffs of silicified and veined rhyolite and granite that has not yetbeen tested by drilling. Hole -46, -47, -48, and -49 were notdrilled.
Arizona Silver’s Vice President – Exploration, Greg Hahn,commented, "We continue to believe we are on the trail of thecontinuation of the high-grade vein, even though we were interruptedby a fault going down dip. The vein remains open along strike of thehigh-grade intercept in hole PC20-39A which intersected 10.76 metres (35.3 ft.) containing 9.26 gpt Au, 79.8 gpt Ag,and 344 gpt Be beginning at a depth of 27.96 metres (91.7 ft.)on section 400N, and which we intend to pursue in the next round ofdrilling on sections 500N thru 800N. We will also test thesilicified and veined exposures to the west of our previous drillingto see if we can intersect the faulted extension of the down-dipcontinuation of the main vein. The significantly higher gold grades incore hole -21T then were intersected in RC hole -20 indicate we haveto drill core where we encounter high groundwater flows that hampergood sampling protocols with RC drilling methods.”
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.
UAV Aerial Photogrammetry andTopographic Mapping
The Company has completed a detailed photogrammetric aerial survey andtopographic mapping to provide a detailed base map over the portion ofthe property currently being drilled with which to plan furtherdrilling programs and engineering for exploration road access.
Drilling Q1 2021
The Company has signed a new core drilling contract for delivery of acore drill to the property beginning in mid-February for a minimum of4000 feet of core drilling in at least 12 holes to further test thestrike extension of the high-grade vein which remains open to thenorth and to test for the faulted down-dip extension of the high-gradevein to the west.
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 2020-2021 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's2020-2021 programs would proceed as planned and within budget. TheCompany expressly disclaims any intention or obligation to update orrevise any forward-looking statements whether asa result of new information, future events or otherwise, except asotherwise required by applicable securities legislation.
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