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Vancouver, British Columbia, February 22, 2023 – Arizona Silver Exploration Inc. (TSXV: AZS) (OTCQB:AZASF) is pleased to announce the start of 2023 exploration on the Philadelphia gold Project, Arizona. An earthworks contractor is on site building roads and drill pads for the upcoming reverse circulation (RC) drilling campaign. A drilling contract has been signed with Alford Drilling and regulatory permits are in hand for 20 RC drill holes on our patented claims. Drilling is expected to start in February. Mr. Greg Hahn, VP Exploration commented, “We are excited to commence 2023 exploration drilling on the Philadelphia project. To date, due to a lack of access we have been unable to drill the “GAP” between two excellent fences of holes located 300 meters apart. With the completion of the new earthworks we will be in a position to drill this critical segment of the Philadelphia system. “The fences of drill holes on north and south of the GAP contain thick intervals of stockwork quartz with gold mineralization surrounding a high-grade vein internal to the overall mineralized zone. In addition, the untested area of the GAP is a concavity in the Arabian Fault, a fundamental control of mineralization. Such concavities in the controlling fault system within the nearby Oatman gold mining district host the highest grades and thickest vein intercepts.“
Roadwork and drill pad construction is expected to take two weeks. Drilling will comprise three to four fences of holes in the GAP to test the upper 150-200 metres of the gold target. The GAP is on the west end of the newly identified Red Hills target (CSAMT anomaly). Drilling will then test north of the Shark Fin (SF Section). 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 gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property and the subject of this news release.
On behalf of the Board of Directors: ARIZONA SILVER EXPLORATION INC.
Mike Stark, President and CEO, Director
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 2023 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 2023 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 2023 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. |
