(TheNewswire)
Vancouver, British Columbia - TheNewswire -October 14, 2020 - Arizona Silver Exploration Inc (TSXV: AZS ) (OTC:AZASF) is pleased to reportthat drilling is set to resume at the Company's Philadelphiagold-silver project located in Mohave County, Arizona. A core drillrig is on site and the crew should return from break next week, whilea reverse circulation (RC) drill rig will mobilize to site next week.The continued exploration drilling is focused on testing the down dipextensions of high grade gold-silver mineralization intersected in themost recent round of drilling announced on October 05, 2020. Click here to visit the Philadelphia webpage
Atotal of 10 holes are currently planned in this next round ofdrilling. The RC drill rig will drill pre-collar holes to within 100feet of the target high grade vein, and the core rig will thenre-enter these pre-collar holes to core through the targetedprojection of the vein.
Weare pleased to inform shareholders we have added 2 additional claimsonto the southern end of our now 20 claims. Sampling is underway tofollow up on earlier sampling that indicated the presence of anomalousgold and silver in association with the continuation of the Arabianfault and associated veining. Click here to view claims.
Arizona Silver's Vice President - Exploration, Greg Hahn, commented,"We are excited to continue drilling the main vein target downdip of the previously intersected high grade. The nearby Oatman golddeposits have a depth extent of between 700 and +1000 feet, and veintextures at Philadelphia indicate we have drilled only the very top ofthe boiling zone, so we have great expectations for drilling down thedip of the previously announced high-grade intercepts."
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 wil 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 explorationprogram; the potential for development of the mineral resources; thepotential mineralization and geological meritsof the exploration 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 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 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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