(TheNewswire)
Vancouver, British Columbia - TheNewswire - May18, 2021 – ArizonaSilver Exploration Inc. (TSXV: AZS ) (OTCQB:AZASF) is pleased to announce that ithas staked three placer mining claims at the Company's Philadelphiagold-silver project located in Mohave County, Arizona. The threeplacer claims cover 4500 feet of a dry stream bed that drainsapproximately 6000 feet of strike on the exposed Philadelphia Arabiangold-silver vein system. Historic maps dating from the 1920s referto “rich float” in the alluvium draining the vein system. Theclaims cover the potential that a significant portion of the veinsystem has been eroded away, which may have occurred over the past 4million years when the region first experienced uplift and erosion. If the vein has been significantly eroded over time virtually allthe eroded material was washed down this single drainage, which wouldhave acted as a sluice for entrapment of any contained gold. Bedrockbeneath the drainage is composed of granite and volcanic unist whichhave a fabric that crosses the drainage at a high-angle, and whichwould act as natural riffles to entrap any gold transported in thedrainage.
Arizona Silver’s Vice President – Exploration, Greg Hahn,commented, "We have staked these claims to cover the possibilitythat there may be significant placer gold trapped in the drainage dueto erosion of the vein, which is currently exposed across the entire6000 feet of strike length that this drainage captures. We arecurrently considering how best to evaluate the placer gold potentialon these claims.”
Results from the last round of core drilling on the Philadelphia veinand the vein exposed on the Perry claim remain outstanding, and weexpect those results shortly.
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.
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