(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 19, 2022 – Arizona Silver ExplorationInc. (TSXV: AZS ) ( OTC:AZASF ) is pleased toannounce assay results from the first three core holes at thePhiladelphia project, Mohave County, Arizona. As anticipated, allthree holes intersected high grades similar to the shallower reversecirculation drill holes. Three additional holes are in process in theassay laboratory. The drill will now move 300 metres along strike tothe south.
Section 1 - Holes PC22-86 throughPC22-88 and PC22-91
Results demonstrate the continuation of the high-gradeupper (“hanging wall”) vein down-dip from the previously reportedreverse circulation (RC) drill holes. Similarly the stockworkmineralization below (footwall) to the HW vein continues. Resultsare reported below.
PC22-86
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High grade HW vein: 32.90 gpt gold, 97 gpt silver from85.73-86.71 metres (0.98 m), within
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High Grade Interval: 10.81 gpt gold, 41.41 gpt silverfrom 82.32-86.71 metres (4.39 m), within
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Total Mineralized Zone: 1.31 gpt gold, 7.29 gpt silverfrom 68.29-118.29 metres (50.0m)
PC22-87
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High Grade HW Vein: 16.25 gpt gold, 66.6 gpt silverfrom 99.39-100.37 metres (0.98 m), within
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High Grade Interval: 6.02 gpt gold, 28.2 gpt silverfrom 96.49-100.37 metres (3.87 m), within
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Total Mineralized Zone: 1.01 gpt gold, 6.5 gpt silverfrom 92.35-133.23 metres (40.9 m)
PC22-88
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High Grade HW vein: 17.35 gpt gold, 46.6 gpt silverfrom 120.64-121.37 metres, (0.73 m), within
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High Grade Interval: 8.7 gpt gold, 21.46 gpt silverfrom 119.36-121.37 metres (2.01 m), within
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Total Mineralized Zone: 1.14 gpt gold, 4.97 gpt silverfrom 113.11-161.61 metres (48.5 m)
PC22-91
Assays are pending. Hole PC22-91 was drilled from thesame pad as the holes reported above to test the down-dip continuationof the mineralization encountered in PC22-88. The hole was drilledafter the two holes were completed on the Shark Fin target.
Mr. Greg Hahn, VP Exploration commented,“ We drilled these holes toconfirm grades from previous, shallower RC drill holes and todetermine the continuity of mineralization to depth. We certainlyaccomplished that. Effectively we have doubled the down dip extent,with another unassayed hole (PC22-91) down dip from these holes beingvisually impressive. In that hole t he HW vein was intercepted whereanticipated. In addition, an impressive and extensive zone ofstockwork mineralization with some visible gold is present. Thestockwork mineralization extends down to the total depth of thehole”.
“I have included the HW vein inour calculation of the Total Mineralized Zone for each hole. I didthis because of the vein’s consistency and the fact that there is 40to 50 metres of low-grade mineralization below it. It is far too earlyto talk about mining, however I have little doubt that thePhiladelphia project has the signature of a bulk tonnage, open pitabletarget rather than merely a narrow vein underground mining scenario.This is supported by the+100 metre thick zone of mineralization wediscovered to the south which will be drilled next”, added Greg Hahn.
Please take a moment and listen to Greg Hahn narrate our latestPowerPoint now available on the website link: and visit ourwebsite at: www.arizonasilverexploration.com
Section 2 - The Shark Fin –Holes PC22-89 andPC22-90
Holes PC22-89 and PC22-90 tested the “Shark Fin”, a prominent outcrop ofcalcite cemented breccia that contains clasts of quartz vein materialand altered Tr2rhyolite . They were drilled from the same drill pad as the three coreholes on Section 1 but on an oblique azimuth of 325 degrees, insteadof 270 degrees. Assays are awaited. See News Release dated March 15,2022.
The drill rig will move to the southern area located300 meters to the south of Section 1 reported above. There we willdrill a fence of core holes as we did on Section 1, and parallel to RChole PRC21-85, which intersected 115.9 metres of 1.34 gpt gold and5.78 gpt silver, our thickest drill intercept reported to date. One of the core holes will bea twin of PRC21-85 to provide a comparison of RC drilling results tocore results where groundwater flow is present.
Updated geologic sections and photos of core from thecompleted holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .
QA/QC Program
All assaying was conducted by ALS Global, anindependent analytical laboratory. Core was trucked to the ALS samplepreparation facility in Tucson, Arizona, where the core isinventoried, photographed, sawed and, dried, crushed and pulverized. Pulverized splits are sent to the ALS analytical facility inVancouver, British Columbia for analyses. All material handling isdone under a strict chain of custody protocol. Gold is determined byfire assay with an AA finish and silver is determined by ICP-MSmethods within a 31-element suite.
The Company maintains its own program of insertingStandard Reference material in the form of standards and blanks to thesampling stream, prior to being shipped to ALS's preparation facilityin Tucson, Arizona, in addition to the independent QA/QC protocols ofALS Global.
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. 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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