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Vancouver, British Columbia--(October 14, 2020) – Arizona Silver Exploration Inc (TSXV: AZS) (OTCQB: AZASF) is pleased to report that drilling is set to resume at the Company's Philadelphia gold-silver project located in Mohave County, Arizona. A core drill rig is on site and the crew should return from break next week, while a reverse circulation (RC) drill rig will mobilize to site next week. The continued exploration drilling is focused on testing the down dip extensions of high grade gold-silver mineralization intersected in the most recent round of drilling announced on October 05, 2020. Click here to visit the Philadelphia webpage.
A total of 10 holes are currently planned in this next round of drilling. The RC drill rig will drill pre-collar holes to within 100 feet of the target high grade vein, and the core rig will then re-enter these pre-collar holes to core through the targeted projection of the vein.
We are pleased to inform shareholders we have added 2 additional claims onto the southern end of our now 20 claims. Sampling is underway to follow up on earlier sampling that indicated the presence of anomalous gold and silver in association with the continuation of the Arabian fault and associated veining.Click here to view claims.
Arizona Silver’s Vice President – Exploration, Greg Hahn, commented, "We are excited to continue drilling the main vein target down dip of the previously intersected high grade. The nearby Oatman gold deposits have a depth extent of between 700 and +1000 feet, and vein textures at Philadelphia indicate we have drilled only the very top of the boiling zone, so we have great expectations for drilling down the dip of the previously announced high-grade intercepts.”
Qualified Person
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 wil 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 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; 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 2020 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 2020 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.
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