(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 26 ,2022 – Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) announcesthat the US Forest Service has issued a positive Decision Memo, withstipulated mitigation measures required, approving the initiation ofexploration drilling on the Sycamore Canyon gold-silver projectlocated in Cochise County, Arizona.
DecisionMemo
Apositive Decision Memo, with stipulations and required mitigationmeasures, was received in response to the initial Plan of Operationssubmitted in May 2018 to proceed with initial exploration drilling ofthe Sycamore Canyon gold-silver project in Cochise County, Arizona. Aninitial Plan of Operations was submitted in May 2018 and finalized inNovember 2018. Public comment was sought in late 2018 and early2019, but the COVID pandemic and administrative issues caused thepermitting of the project to be delayed until respective parties couldbe available to make their contributions to the NEPA (NationalEnvironmental Policy Act) permitting process.
Mitigation measures include:
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noactivity during the golden eagle breeding season (January throughJuly), or non-breeding or non-occupancy within one mile of the drillsite must be confirmed,
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Avoid removal or damage to agave and yucca plants during road andpad construction and use, and salvage and re-planting of any disturbedplants,
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reclamation immediately upon completion of the proposed drillingactivity, among others.
The Company will engage an environmental consulting firm toincorporate these mitigation measures into a final Plan of Operationsand a reclamation cost estimate for final submission to the US ForestService for their consideration in issuing a final Record ofDecision.
Meanwhile the Company will entertain joint venture proposals toadvance the Sycamore Canyon project through this initial drillingprogram and beyond. Since submitting the initial Plan of Operations in2018 the Company has made what it believes is a significant mineraldiscovery at its Philadelphia project in Mohave County, Arizona, andis electing to focus its resources on advancing the explorationdrilling of that project.
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. https://arizonasilverexploration.com/sycamore/
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. In addition to thePhiladelphia project, the Company recently received a positive Recordof Decision on its Notice of Intent to drill an initial twelveexploration holes for Carlin-type targets on its recently acquiredSilverton gold-silver property. Drilling there will be scheduled astime and equipment allow.
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 2022 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 2022 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 2022 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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