(TheNewswire)
Vancouver, BritishColumbia – TheNewswire - June 05, 2024– Arizona Gold & Silver Inc. (TSXV: AZS) ( OTCQB:AZASF ) is happy to announce that the US Bureau ofLand Management (BLM) has provided the requisite approval for theCompany to proceed with exploration drilling on the Red Hills goldtarget on the Philadelphia Gold-Silver property, Arizona. TheCompany had been awaiting a BLM Record of Decision (ROD) and Findingof No Significant Impacts (FONSI).
The approval of the proposed explorationplan will allow the Company to upgrade two access roads and build twodrill pads and sumps for drilling up to 40 exploration holes to testthe continuity of mineralized rock that was intersected on patentedclaims on the western edge of the Red Hills target. Investors can refer to press releasesdated January 24, 2023, and February 7, 2023, available on theCompany’s website.
Mr. Greg Hahn, VP Exploration commented, “Theapproval of the proposed drilling plan pave s the way for the Company to pursueextensions to significant drill intercepts encountered in 2021-2022 on theCompany’s immediately adjacent Rising Fawn and Perrypatented claims.”
The Company has agreed to severalenvironmental mitigation measures both prior to and during drillingthat will help protect sensitive species known to be present in thegeneral area, as a demonstration of its commitment to operating in anenvironmentally responsible manner. All disturbances will bereclaimed as soon after completion of drilling as is practicable,including regrading and reseeding of the disturbances upon completionof the drilling program. An appropriate bond will be posted toinsure completion of site reclamation.
The Plan of Operations, EnvironmentalAssessment, ROD, and FONSI documents can be reviewed at the followingweb site: https://eplanning.blm.gov/eplanning-ui/project/2026252/510
View Press releases dated January 24,2023 , and February 7,2023 .
QualifiedPerson
Gregory Hahn, VP-Exploration and aCertified Professional Geologist (#7122) is a Qualified Person underNational Instrument 43-101 ("NI 43-101") and has reviewedand approved the technical information contained in this newsrelease.
About Arizona Gold& Silver Inc.
Arizona Gold & Silver Inc. is aleading exploration company focused on uncovering precious metalresources in Arizona and Nevada. With a commitment to sustainablepractices and innovative exploration techniques, the company aims todrive value for stakeholders while prioritizing environmentalstewardship. The flagshipasset is the Philadelphia gold-silver property where the Company isdrilling off an epithermal gold-silver system ahead of an initialresource calculation.
On behalf of the Board ofDirectors:
ARIZONA GOLD &SILVER INC.
Mike Stark, Presidentand CEO, Director
Phone: (604) 833-4278
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.
CAUTION CONCERNINGFORWARD-LOOKING STATEMENTS
This news release includes certainforward-looking statements or information. All statements other thanstatements of historical fact included in this release areforward-looking statements that involve various risks anduncertainties. Forward-looking statements in this news release includestatements in relation to the timing, cost and other aspects of the2024 exploration 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 2024 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 mineral resources,grade and/or recovery rates; fluctuating metals prices; possibility ofaccidents, equipment breakdowns and delays during exploration;exploration cost overruns or unanticipated costs and expenses;uncertainties involved in the interpretation of drilling results andgeological tests; availability of capital and financing required tocontinue the Company's future exploration programs and preparation ofgeological reports and studies; delays in the preparation ofgeological reports and studies; the metallurgical characteristics ofmineralization contained within the exploration properties are yet tobe fully determined; general economic, market or business conditions;competition and loss of key employees; regulatory changes andrestrictions including in relation to required permits for explorationactivities (including drilling permits) and environmental liability;timeliness of government or regulatory approvals; and other risksdetailed 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's2024 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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