(TheNewswire)
Vancouver, British Columbia – TheNewswire - February 22, 2023 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce the start of 2023 exploration on the Philadelphia goldProject, Arizona. An earthworks contractor is on site building roadsand drill pads for the upcoming reverse circulation (RC) drillingcampaign. A drilling contract has been signed with Alford Drillingand regulatory permits are in hand for 20 RC drill holes on ourpatented claims. Drilling is expected to start in February.
Mr. Greg Hahn, VP Exploration commented, “We are excited to commence 2023exploration drilling on the Philadelphia project. To date, due to alack of access we have been unable to drill the “GAP” between twoexcellent fences of holes located 300 meters apart. With thecompletion of the new earthworks we will be in a position to drillthis critical segment of the Philadelphia system.
“The fences of drill holes onnorth and south of the GAP contain thick intervals of stockwork quartzwith gold mineralization surrounding a high-grade vein internal to theoverall mineralized zone. In addition, the untested area of the GAPis a concavity in the Arabian Fault, a fundamental control ofmineralization. Such concavities in the controlling fault systemwithin the nearby Oatman gold mining district host the highest gradesand thickest vein intercepts.“
Roadwork and drill pad construction is expected to taketwo weeks. Drilling will comprise three to four fences of holes in theGAP to test the upper 150-200 metres of the gold target. The GAP is onthe west end of the newly identified Red Hills target (CSAMT anomaly).Drilling will then test north of the Shark Fin (SF Section).
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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