Vancouver, British Columbia, July 07, 2021 – Arizona Silver Exploration Inc. (TSX- AZS) (OTCQB- AZASF) (“Arizona Silver Exploration” or the “Corporation”) is pleased to announce it has received permits to drill up to 12 holes on the Silverton project located in Nye County, Nevada. The final permit is by way of a positive Record of Decision for an amendment to its Notice of Intent to drill an additional four holes on the property.
The Silverton Project is a Carlin-type gold system located primarily in carbonaceous dolomitized limestone breccias. Gold is localized along high-angle structures which feed flat-lying jasperoid replacement bodies. In the 1980’s short vertical holes tested flat-lying jasperoid bodies. All of the holes intersected low grade gold in and adjacent to the jasperoids, but no holes were drilled to test the high-angle feeder structures. Furthermore, no holes were drilled to test deeper in the section for Carlin-type replacement gold deposits.
The trace element geochemistry is typical of Carlin-type systems and hydrothermal textures evident at the surface indicate exposures at the boiling zone, above the level where Carlin-type mineralization typically occurs. Arizona Silver’s technical team believes the features present at Silverton are similar to the gold mineral system at the Long Canyon deposit, where gold occurs primarily along steeply dipping structures that lead down into flat-lying deposits locally.
The proposed drilling program with test three of the steeply dipping structures with hydrothermal breccias and silicification that appear to feed the adjacent jasperoid bodies. Surface samples from these breccias contain up to 9 gpt gold.
The Company is currently seeking to arrange roadwork and site preparation in late July ahead of drilling. The Company will announce the securing of a driller and a start date when arrangements are in place.
Separately, samples from the recently completed drilling program at the Perry vein on the Philadelphia project are through sample preparation and representative pulps have been forward to the analytical lab for assaying.
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 technical information contained in this news release.
About Arizona Silver Exploration Inc.
Arizona Silver is a young exploration company focused on exploring underexplored gold-silver properties in western Arizona and now Nevada. The Company plans to continue to drill test the Ramsey Silver Mine property located a short distance east of Quartzsite, Arizona as time allows. The Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial eight exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets. Drilling there will be scheduled as time and equipment allow.
Please refer to our web site for all news and updated property information. www.arizonasilverexploration.com
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark, President and CEO, Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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 2020-2021 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, 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. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2021 drilling program(s) on its properties, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2021 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.