Vancouver, British Columbia / March 09, 2020 – Arizona Silver Exploration Inc. (the “Company” or “Arizona Silver”) (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce that it will recommence drilling at the 100% owned Philadelphia high-grade gold-silver vein property the week of March 9, 2020.
Q1 2020 Drilling Program
Harris Exploration Drilling completed 2160 feet (659 metres) of reverse circulation (“RC”) drilling initially in nine holes on the project. Six of the holes intersected good vein intercepts of 15-60 feet (4.5-18.3) metres, all with demonstrated epithermal vein and “boiling textures”. True widths of the intercepts are estimated to be roughly half the drill lengths given the -60 degree dip of the vein and the vertical nature of the drill holes. Five of these six holes contained visible gold in the RC cuttings within the vein intercepts. Two of the other holes hit the Arabian fault, which hosts the Philadelphia vein, but with no visible vein mineralization along it. One of the holes hit the footwall granite and was terminated at 100 feet. All of the holes were drilled through 20-65 feet (6-20 metres) of unconsolidated alluvial cover which conceals the bedrock geology in the location of the drill holes. Assays of these holes remain pending.
All five of the vein intercepts with visible gold in cuttings lie within the magnetic low and are overlain by strongly clay-altered volcanic units.
A follow-up drilling campaign of 10-20 holes is being initiated to pursue the open strike and dip extensions to the vein intercepts reported herein. Eleven of these holes are already permitted. An additional 20 holes have been permitted with the US Bureau of land Management and the additional bond requirement has been posted. A Notice of Intent has also been submitted to the Arizona Department of Water Resources to cover these additional 20 holes.
Greg Hahn, VP Exploration, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.
Please refer to our web site for additional and complete news and updated images on Philadelphia property. www.arizonasilverexploration.com
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark, President and CEO
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2020 exploration program; objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.