(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 20, 2021 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toreport high gold-silver grades from drilling completed in May-June2021 on the Perry vein at the Philadelphia project in Mohave County,Arizona. All 15 holes also intersected thick zones of gold-silvermineralization along the plane of the vein.
Highlights in the MainVein (6 holes)
Hole ID | From (ft) | From (m) | To (ft) | To (m) | Width (ft) | Width (m) | Au gpt | Ag gpt | Est. True Width (m) |
PRC21-82 | 95 | 28.96 | 105 | 32.01 | 10 | 3.05 | 16.90 | 51.20 | 2.34 |
within | 90 | 27.44 | 240 | 73.17 | 150 | 45.73 | 1.63 | 7.74 | 35.00 |
PRC21-79 | 170 | 51.83 | 200 | 60.98 | 30 | 9.15 | 7.82 | 21.00 | 5.53 |
within | 165 | 50.30 | 215 | 65.55 | 50 | 15.24 | 1.82 | 5.52 | 10.78 |
PRC21-83 | 135 | 41.16 | 145 | 44.21 | 10 | 3.05 | 6.16 | 51.80 | 1.53 |
within | 130 | 39.63 | 330 | 100.61 | 200 | 60.98 | 0.84 | 7.11 | 30.50 |
PRC21-80 | 335 | 102.13 | 355 | 108.23 | 20 | 6.10 | 6.90 | 44.55 | 2.09 |
within+ | 280 | 85.37 | 400 | 121.95 | 120 | 36.59 | 2.73 | 14.40 | 12.51+ |
PRC21-85 | 360 | 109.76 | 375 | 114.33 | 15 | 4.57 | 4.86 | 15.40 | 1.56 |
within* | 360 | 109.76 | 555 | 169.21 | 195 | 59.45 | 1.49 | 6.66 | 20.33 |
PRC21-78 | 130 | 39.63 | 135 | 41.16 | 5 | 1.52 | 9.82 | 29.40 | 1.32 |
within | 130 | 39.63 | 195 | 59.45 | 65 | 19.82 | 1.43 | 5.94 | 17.16 |
or | 130 | 39.63 | 290 | 88.41 | 160 | 48.78 | 0.69 | 2.93 | 42.24 |
+ results not in yetfor the bottom 33.5 metres (110 feet) of hole
gpt = grams pertonne
Mike Stark, President and CEO states “We are delighted thatdrilling has discovered high grades in a vein that was overlookedhistorically. Significantly, the high-grade zone is open at depth. Theshallow lower grade mineralization is a surprise, a result thatrepresents potentially significant bulk tonnages. Drilling willcontinue.”
Greg Hahn states “Reverse circulation drilling has confirmed myinterpretation that high grades would begin 50-100 metres below thelow grade, partially outcropping Perry vein. That interpretation wasbased on the vein textures at surface compared to textures within orezones elsewhere. Fortunately for us the productive part of the veinappears to be entirely intact and is open to depth.
“The thick, shallow zone of low-grade mineralization is verysignificant as it represents a bulk tonnage opportunity. For thisreason we are reporting the vein grades and the shallow, bulk tonnagegrades separately.”
The High Grade PerryVein
The weighted average intercept of the above six holes on thehigh-grade vein is 4.57 metres (15 feet) at 8.06 gpt gold and 32.54gpt silver. The drilling was accomplished using a reverse circulationdrill rig.
The intercepts in holes -82 and -83 are approximately 300 metres(1000 feet) along strike of the intercepts in holes -78 through -80and -85. No drilling exists between these sites to a depth that couldhave intersected the productive part of the vein.
These intercepts represent the deepest intercepts along the dip ofthe Perry vein. Grades increase noticeably down dip, encouraging thecontinuation of drilling further down dip beneath the aboveintercepts. The high-grade vein is hosted by an angular clast-bearingmulti-lithic breccia. Green and clear quartz and occasional bandedtextures characterize the vein intercepts .
The Shallow Up-dipStockwork Intercepts
Drill holes in the shallower portion of the vein intersected broadzones of stockwork gold mineralization as the high-grade veincomponent is absent.
Intercepts in theShallower Up Dip Portions of the Vein
Hole ID | From (ft) | From (m) | To (ft) | To (m) | Width (ft) | Width (m) | Au gpt | Ag gpt | Est. True Width (m) |
PRC21-73 | 160 | 48.78 | 365 | 111.28 | 205 | 62.50 | 0.71 | 2.59 | 47.88 |
PRC21-81 | 60 | 18.29 | 185 | 56.40 | 125 | 38.11 | 0.54 | 4.20 | 35.80 |
PRC21-75 | 50 | 15.24 | 135 | 41.16 | 85 | 25.91 | 0.40 | 1.65 | 19.85 |
PRC21-72 | 145 | 44.21 | 260 | 79.27 | 115 | 35.06 | 0.33 | 1.66 | 26.88 |
PRC21-71 | 110 | 33.54 | 210 | 64.02 | 100 | 30.49 | 0.23 | 0.81 | 30.49 |
PRC21-76 | 90 | 27.44 | 295 | 89.94 | 205 | 62.50 | 0.23 | 0.99 | 31.25 |
PRC21-77 | 40 | 12.20 | 165 | 50.30 | 125 | 38.11 | 0.22 | 0.42 | 38.10 |
PRC21-74 | 45 | 13.72 | 160 | 48.78 | 115 | 35.06 | 0.22 | 0.37 | 33.87 |
PRC21-84 | 135 | 41.16 | 210 | 64.02 | 75 | 22.87 | 0.41 | 2.28 | 22.75 |
Click here to view drillsections and drill locations on the website.
The weighted average of the lower grade intercepts in the up-dipportions of the mineralized zone is 39 meters (128 feet) at 0.38 gptgold and 1.68 gpt silver, which does not include any high-grade veinintercepts.
Results from three diamond drill holes drilled on the Perry claim arenot yet available. The core had been selectively sampled for analysesbased upon our geologic experience to the north on the Philadelphiavein.
The Perry vein system is significantly different to Philadelphia inthe sense that gold grades of 0.2-2.0 gpt are present in rock similarto that would not have carried gold at Philadelphia. In light ofthese results the Company will now assay portions of the core thatwere not sampled.
QA/QC Program
All assaying was conducted by ALS Global, an independent analyticallaboratory. RC cuttings were delivered to the ALS delivery truck onsite and trucked to the ALS sample preparation facility in Tucson,Arizona, where the samples are inventoried, dried, crushed andpulverized. Pulverized splits are sent to the ALS analyticalfacility in Vancouver, British Columbia for analyses. All materialhandling is done under a strict chain of custody protocol. Gold isdetermined by fire assay with an AA finish and silver is determined byICP-MS methods within a 31-element suite.
The Company maintains its own program of inserting Standard Referencematerial in the form of standards and blanks to the sampling stream,prior to being shipped to ALS's preparation facility in Tucson,Arizona, in addition to the independent QA/QC protocols of ALS Global.
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 twelveexploration holes on its recently acquired Silverton gold-silverproperty with carlin-type targets. Drilling there will 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 2020-2021exploration 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 2021 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's2021 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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