(TheNewswire)
Vancouver, B C - TheNewswire - February 7, 2023 - ArizonaSilver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is happy toannounce very positive results from a test CSAMT survey on thePhiladelphia gold-silver project, Arizona. The survey identified alarge low resistivity layer at a depth of 100-200 metres below the topof a hydrothermally altered flow dome complex. The layer ispotentially a mineralized body that extends for +500 metres east ofexisting mineralized drill holes.
Mr. Greg Hahn, VP Exploration commented, “Buildingounces in a low sulfidation epithermal system takes a lot of drillingif the target is simply the veins themselves. Grades in the veinscan be spectacular but a gold inventory that includes low gradedisseminated style mineralization is potentially a big win. We haveintersected considerable widths of low-grade material on the flanks ofthe flow dome. This survey indicates an extensive target lies belowthe flow dome hill.“
The company’s geologic model had predicted a goldtarget area beneath the altered flow dome and immediately below a“clay cap” identified by hyperspectral analyses of core holePC22-88, located on the flank of the altered flow dome. The CSAMTanomaly represents a sizeable bulk mining target to the east of ourdrill holes.
Figure 1 shows the conceptual target based uponairborne hyperspectral data and analogies with large flow dome hostedgold-silver deposits internationally. It also shows an array of drillholes that can test the target.
Figure 1
Figure 2 shows the hyperspectral data from core holePC22-88 and identifies the “clay cap” and transition frommontmorillonite to smectite, which is universally recognized as the150C isotherm in geothermal systems. This is commonly referred to asthe “top of the boiling zone”. Gold and silver in core holePC22-88 appears to have accumulated immediately beneath thistransition in the hanging wall vein. It continues at depth in abrecciated rhyolite dike and further into the underlying footwallgranite, where it diminishes.
Figure 2
Figure 3 shows the inversion model for the CSAMTgeophysical survey line completed by Zonge International Inc.
Figure 3
Figure 4 is our geologic interpretation of thegeoelectric section, highlighting the “clay cap” of the lowresistivity layer and our adjacent fence of holes.
Figure 4
The large low resistivity layer lies at a depth between100-200 metres beneath the top of the flow dome and extends for +500meters east of our fence of drill holes. This west end of thistarget (the Red Hills Target) can be readily tested from drill pads onthe patented claims. The heart of the Red Hills target can bedrilled from pads currently being permitting with the US BLM under aPlan of Operations (POO).
It should be noted that there appears to be a prominent“feeder zone” on the west side of the low resistivity anomaly.Drill hole PC22-91, the easternmost hole on the above section,intersected a prominent hydrothermal breccia (Figure 5) immediatelybefore the hole was lost when the rods became stuck. This brecciacould be the outer portion of the “feeder zone”. This last box ofdrill core in Figure 5 assays 2 gpt gold. The objective goingforward is to drill the low resistivity layer and the interpreted“feeder zone” from the BLM pads currently being permitted oncepermits are received.
Figure 5
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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