Arizona Silver Announces a New High-Grade GOLD-Silver Intercept at Philadelphia GOLD Silver Property IN Arizona
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE
UNITED STATES
ARIZONA SILVER ANNOUNCES A NEW HIGH-GRADE GOLD-SILVER
INTERCEPT AT PHILADELPHIA GOLD SILVER PROPERTY IN ARIZONA
Highlights:
The first core hole of 2020 returns high grade gold-silver intercept in the target vein, as follows:
• 23.35 grams/tonne (gpt) Au, 82.3 gpt Ag & 340 ppm of Beryllium over 1.5 metres,
within a thicker interval of 18.45 metres containing 3.81 gpt Au and 49.21 gpt Ag &
113 ppm of Beryllium, beginning at a depth of 5.18 metres immediately below
alluvium.
• Similar looking vein intercepts in three other core holes completed to date that have been
delivered to the lab and are in progress.
• Core drilling continues for an additional 4 holes min.
Vancouver, British Columbia --(September 02, 2020) – Arizona Silver Exploration
Inc (TSXV: AZS) is pleased to report the first assay results from its recently commenced core
drilling program on the Company's Philadel phia gold-silver project located in Mohave County,
Arizona. The exploration work is focused on the northern strike extension from old high -grade
underground mine production during the first half of the 20th century, where high-grade intercepts
were reported previously (November 13, 2019).
The previously reported 2019 diamond drill program intersected the shallow strike extension
30 metres (“m”) to the north of the gold -silver zone identified in initial RC (reverse circulation)
drill holes. Hole PRC19-2 intersected 15.8 gpt Au and 90 gpt Ag over 3.1 m as reported in the
Company's May 15, 2019 news release. Core hole PC19 -2T twinned that hole to eva luate the
detailed distribution of gold in the vein at this location, to confirm veracity of RC sampling and
compare RC and core sampling and assaying results, and to test for any potential for down -hole
contamination in the RC drilling and sampling method s, and intersected similar results. In
addition, the high-grade vein interval of 2.3 m in hole PC19-2T contains 497 gpt Be, the highest
beryllium grades reported from the property to date.
Subsequent step -out drilling to test significant strike and dip e xtensions of these intercepts
encountered gold-silver mineralization in a quartz -calcite vein that was interpreted as a faulted
extension of the vein intersected in the initial RC and core holes. However, these 2019 and 2020
drill holes did not contain comparable gold and silver values, and importantly contained very low
beryllium values. These results did not comport with an interpretation that we were drilling the
down-dip and along strike extension of what we had encountered previously.
A new geologic interpretation suggested that all drill holes from PRC19 -3 through PRC20-
33 drilled into a second vein on the property that is hanging wall to (above) the primary vein
that was intersected in the initial drilling. That hanging wall vein has a different geochemical
signature than the primary vein. A core rig was brought back to the property to revisit the
possibility that the primary vein intersected in our earlier drilling had a steeper dip than the
dip reflected in the historical workings, and the possibi lity that the previous drill holes
completed to test the strike and dip extensions of the primary vein were terminated
prematurely to adequately test the primary vein target.
Four core holes have been completed to date and all four have hit the primary vein target
down dip from the previous high -grade intercepts and below the terminus of some of our
previously completed shallow drill holes. These intercepts indicate the dip of the vein is much
steeper than previously though and reflected in the o ld workings, being closer to 70 -90
degrees eastward rather than the 50-60 degrees eastward reported in the old mine workings.
The results of this first core hole and its beryllium content support that we have intersected
the primary vein target.
Arizona Silver’s Vice President – Exploration, Greg Hahn, commented, "The newest drill results
confirm our suspicions that we had lost the primary vein target and were drilling a second but
lower grade vein in our previous attempt to chase the primary vein along str ike and down dip
under alluvial cover. The results of the current drilling put us back on target to chase the primary
vein with a steeper dip than previously anticipated. The drill hole collar is located in the UTM
Zone 115, 733,476.77E, 3,897,529.66N, bea ring 300 degrees with an inclination of 70 degrees.
The true width is unknown at the time due to insufficient data points. The primary vein target
remains wide open along strike and down dip. Significantly, we now know that the vein crosses
lithology and is not floored by granite everywhere. We have now encountered granite in the
hanging wall of the vein, where previously granite was interpreted to be always footwall to the
vein. This knowledge opens up the extensions to the vein in all directions, especi ally where we
terminated shallow holes in granite, thinking we were below the vein."
Summary Table of Core Drill Results
Hole
ID
From
(ft)
To
(ft)
Thick.
(ft) (metres)
gpt
Au
gpt
Ag
Be
ppm
opt
Au
opt
Ag
PC20-
35 40 45 5 1.5 23.35 82.35 340 0.681 2.40
within 17 77.5 60.5 18.45 3.81 49.21 113 0.110 1.44
QA/QC Program for the 2019 Exploration Work
All assaying was conducted by ALS Global, an independent analytical laboratory. Samples were
delivered to the ALS sample preparation facility in Tucson, Arizona, where the core is catalogued,
photographed, sawed, and crushed and pulverized. Pulverized splits are sent to the ALS analytical
facility in Vancouver, British Columbia for analyses. All material handling is done under a strict
chain of custody protocol. Gold is determined by fire assay with an AA finish and silver and
beryllium are determined by ICP-MS methods within a 31-element suite.
The Company maintains its own program of inserting Standard Reference material in the form of
standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility
in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.
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, were drilling of
20 holes to date to date has demonstrated a +30 metre -thick zone of silver mineralization
surrounding the old high -grade vein that was mined in the 1920s and 1930s. also, the Company
has a Plan of Operations submitted to the US Forest Service to drill the initial test holes at the
Sycamore Canyon project where surface geology, geochemistry, and geophysics has demonstrated
the silver-gold mineral system +600 metres long and up to 100 metres wide that has never been
drilled. The latter permitting process is progressing slowly, and the acquisition of the Arabian -
Philadelphia property will give the Company an excellent exploratio n property to explore while
the permitting process with the US Forest Service at Sycamore Canyon progresses. The Company
is also in the process of submitting a Notice of Intent to perform exploration drilling on its recently
acquired Silverton gold-silver property in Nye County, Nevada.
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 re ports 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 an d 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 2019 programs would proceed as planned and withi n 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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