Arizona Silver Completes Three New Core Drill Holes at the Philadelphia GOLD Project, Arizona
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NEWS RELEASE
ARIZONA SILVER COMPLETES THREE NEW CORE DRILL HOLES AT THE
PHILADELPHIA GOLD PROJECT, ARIZONA
Vancouver, British Columbia , December 7, 2022 – Arizona Silver Exploration Inc . (TSXV:
AZS) (OTCQB:AZASF) announces drilling of three core holes, PC22-94, PC22-95 and PC22-96 on the
Philadelphia gold project, Mohave County, Arizona. A core drill had become available from a nearby project
enabling the Company to complete a short program before it was committed elsewhere.
Core hole PC22-94 was drilled 50 metres north of the mineralized intercept encountered in hole PC22 -90,
which intersected 8.02 metres at 7.5 grams per tonne (gpt) gold (Au) and 29.07 gpt silver (Ag) within a total
mineralized intercept of 31.0 metres at 2.38 gpt Au and 10.58 gpt Ag. Hol e PC22 -94 intersected the
mineralized zone high in the hole from 3 2 to 84 metres depth. The upper hanging wall (“HW”) vein breccia
was intersected at 32.5 metres depth. Visible gold was present in the form of fine wires on fractures at a depth
of 47.5 metres.
Core hole PC22 -95 was drilled from the same pad as hole PC22 -95 but oriented south to intersect the
mineralized zone at a greater depth than in PC22-94 It intersected the target from 71 to 122 metres. The upper
HW vein breccia was intersected at 84 .1 metres depth and the lower footwall (“FW”) vein breccia was
intersected at 98.8 metres. The FW vein breccia was 6.1 metres thick and consisted primarily of yellow quartz
clasts in a variably banded and bladed calcite matrix. Minor visible gold was identified in some of the yellow
quartz clasts. The balance of the mineralized intercept is composed of quartz and calcite stockwork in rhyolite
breccia.
Core hole PC22-96, a vertical hole, was collared 225 metres north of holes PC22-94 and PC22-95 to test the
mineralized structure below a 1981 Meridian Gold reverse circulation drill hole. The new hole intersected
strong to intense stockwork quartz with minor calcite from 38.4 metres to 91.8 metres , mostly in rhyolite
breccia. Abundant visible gold was identified in prominent green quartz veins from 81 metres to 83.5 metres
in brecciated andesite.
The three new holes test part of the Northern Extension of the portion of the mineralized system that has been
our 2021-2022 priority. The holes demonstrate the continuity of the mineral system, which remains open down
dip and along strike to the north towards drilling completed in 2019 and 2020 . That drilling was north of
patented claims that weren’t available for drilling until 2021-2022, a distance of over 500 metres. That part of
the deposit is yet to be drilled. Please click here to view the drill plan map.
Assay results will be reported after they become available, along with an appropriate plan map and sections.
Recently completed surface mapping and sampling demonstrates continuity at surface of the quartz stockwork
system with associated anomalous gold and silver values. That is similar to what is evident at surface southward
along the vein structure where drilling demonstrate d increased thickness and grade with depth. Our
interpretation is that we are at the very top of the boiling zone along the entire outcrop horizon of the mineral
system.
QA/QC Program
All core has been delivered to the ALS sample preparation facility in Tucson, Arizona for photographing,
sawing, sampling, and sample preparation. All assaying will be conducted by ALS Global, an independent
analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the
samples are inventoried, dried, 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 is 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 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
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 2022 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 2022 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 co ntinue 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) a nd
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 2022 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.