Arizona Silver Completes First TWO Core Holes at the Philadelphia GOLD Project, Arizona
NEWS RELEASE
ARIZONA SILVER COMPLETES FIRST TWO CORE HOLES
AT THE PHILADELPHIA GOLD PROJECT, ARIZONA
Vancouver, British Columbia , February 15 , 2022 – Arizona Silver Exploration Inc . (TSXV:
AZS) (OTCQB:AZASF) is pleased to announce that it has completed the first two core holes at the
Philadelphia project, Mohave County, Arizona. Drilling commenced on January 28, 2022. The first hole is in
the laboratory with the second hole to be submitted Friday.
Greg Hahn, VP-Exploration states, “From a visual perspective the new drilling is proceeding as anticipated.
Intercepts are close to modelled depths and quart z vein breccia thicknesses remain strong. The presence of
visible gold in core in the hanging wall vein is encouraging but must be regarded with caution as to grade. That
said, the model of the gold system in the “boiling zone” is holding up and as such I expect the zone will
continue deeper.”
Current drilling is at the north end of the Perry patented claim testing down dip of three previously drilled
reverse circulation drill holes, PRC21-81 thru PRC21-83. The objective of the drilling is twofold: firstly, to
determine the grade continuity down dip of previous mineralization, and secondly to recover drill core to
compare with RC cuttings.
Earlier holes, PRC21-81 thru PRC21-83 reported two vein breccias separated by a diagnostic rhyolite dike that
hosts quartz stockwork veining. The upper (hanging wall) quartz vein breccia is higher grade than the lower
(footwall) calcite-cemented vein breccia . The thickness and grade of the entire mineralized package was
increasing with depth. The upper vein breccia was up to 3 metres thick at 16.9 grams per tonne (“gpt”) gold
and 51.15 gpt silver . Stockwork mineralization up to 33.5 metres drill thickness was intersected in the
mineralized rhyolite dike between the upper and lower vein breccias. The lower vein was characterized by
black carbonate-cemented quartz vein and rhyolite fragments.
Current holes PC22-86 and PC22-87 intersected upper and lower vein breccia intercepts as predicted, 30 metres
and 60 metres respectively below the earlier drill intercepts. The geology is continuous in both core holes, with
the two vein breccias separated by quartz stockwork rhyolite. A section of the geology to date is posted to the
web site at https://arizonasilverexploration.com/philadelphia/.
In holes PC22 -86 and PC22 -87 the upper vein breccia carries fine-grained visible gold. The vein breccia is
characterized by yellow or green chalcedonic to crustiform quartz, occasionally banded, with clasts of vein
and rhyolite within the vein breccia. The thickness of the upper vein brecci a is 5.91 metres in the shallower
hole, PC22-86 and 3.87 metres in the second hole, PC22-87. Estimated true thickness of the upper vein breccia
in the two holes is 4.85 metres and 2.74 metres respectively.
In holes PC21-86 and PC21-87 the lower vein breccia is 10.33 metres thick and 12.71 metres thick respectively.
Estimated true thickness of the vein breccia is 8.5 metres and 9 metres respectively. Quartz in the lower vein
is mostly white to gray, not green to yellow as in the upper vein bre ccia, and locally c ontains cockade an d
banded textures. The vein textures suggest the new drill hole intercepts are below the upper level of “boiling”
as anticipated.
In the new drilling, t he quartz stockwork rhyolite zone between the two vein breccias is 29 metres thick and
39.4 metres thick respectively. The zone is getting both thicker and stronger with depth. Some yellow and
green quartz is evident in the stockwork zone reflecting a mixture of the quartz present i n both the upper and
lower vein breccias. Overall thickness of the strongly mineralized interval in the two holes is 45.27 metres ,
and 56.0 metres respectively. Estimated true thicknesses are 32.0 metres and 45.87 metres.
Two more drill holes are planned to follow the zone further down dip some 30 metres and 60 metr es below
PC21-87. Drilling is underway on hole PC21-88, but this hole will probably not be completed before February
17th when the drill crew will break before resuming February 27th.
See link to core photos on website:
https://arizonasilverexploration.com/philadelphia-slideshow/
Qualified Person
Gregory Hahn, VP -Exploration, and a Certified Professional Geologist (#7122) is a Qualified Person unde r
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 through 2022 will be the Philadelphia gold property. On its recently acquired
Silverton gold-silver property, the Company recently received a positive Record of Decision on its Notice of
Intent to drill an initial twelve exploration holes on Carlin-type targets. Drilling there will be scheduled as
time and equipment allow.
Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website
link: https://youtu.be/W2CHsoW3P3w and visit our website at: 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
2020-2021 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 wi ll 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 2022 drilling program(s) on its pro perties, 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 k ey 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 here in 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.