Arizona Silver Reports ON Geophysical Survey ON Silverton Carlin- Type GOLD Exploration Property, Nye County, Nevada
NEWS RELEASE
ARIZONA SILVER REPORTS ON GEOPHYSICAL SURVEY ON SILVERTON CARLIN-
TYPE GOLD EXPLORATION PROPERTY, NYE COUNTY, NEVADA
Vancouver, British Columbia, July 25, 2023 – Arizona Silver Exploration Inc. (TSXV: AZS)
(OTCQB:AZASF) is pleased to provide this update on the Silverton carbonate-hosted gold exploration
property located in Nye County, Nevada.
HIGHLIGHTS:
• In late March the Company completed a combined helicopter-borne magnetotelluric (”MT”) and
magnetic survey flown over the entire property
• Rock chip gold samples above 100 ppb across an area 2.5 kilometers by 3 kilometers
• Locally strong stibnite-quartz-gold veins in volcanics above the target limestone/dolomite section
• 2-year extension obtained on drilling permit (Notice of Intent) with the BLM
Carlin-Type Gold Target at Silverton
The Silverton property is a large claim block of 1860 acres containing anomalous gold above 100 ppb in rock
chip samples across an area 2.5 k ms by 3 k ms. The gold is accompanied by strongly anomalous arsenic,
antimony, mercury and other metals (the classic Carlin-type or intermediate sulfidation metal suite). Most of
this area has exposures of Paleozoic carbonate rocks that are variably altered to dolomite. In both the eastern
and the western ends of the property the carbonates are overlain and intruded by Tertiary volcanics dated at
late Eocene to early Oligocene in age . The central area of exposed carbonat e rocks appears to be a shallow
anticline or complex dome.
Extensive low-grade gold-bearing jasperoid replacement deposits occur primarily at the contact between the
carbonates and the overlying volcanics . Jasperoids also occur in the carbonates and volcanics along faults,
fractures, and bedding planes. Veins of quartz containing variable amounts of gold, silver and antimony
(stibnite) and barite within the overlying volcanics were the primary focus of shallow historic exploratio n
drilling in the late 1980s to early 2000s. No serious exploration has been done to test the altered carbonate
package containing the bulk of the gold and trace metal anomalies, or in the carbonates beneath the swarm of
quartz-antimony-gold veins. Models of, and data from, deep Carlin-type deposits suggest a subtle geochemical
halo occurs up to thousands of feet above the high-grade deposits, occurring mostly along faults, fractures, and
bedding planes.
A Masters Thesis at the University of Nevada-Reno completed by Robert Smallwood, sponsored in part by the
Company, recognized the surface mineralization as exhibit ing boiling zone textures indicative of epithermal
mineralization situated well above the level where Carlin-type systems form. This is the exploration model we
are using to explore the Silverton property.
Helicopter-borne MT Survey
The company contracted Expert Geophysics Ltd. out of Toronto, Ontario to fly the MT survey over the entire
claim block as property-wide geophysics ha d not been previously done. MT measures the resistivity of the
rocks to a depth of +1 kilometre, especially in resistive rocks like massive carbonates. The survey has provided
a 3D data set to aid in mapping resistivity changes and structures down to the depth limit of the survey. Our
objective was to identify the signature features that characterize Carlin-type deposits described above. Such
features outcrop but the shallow historic drilling provides no information on the sub-surface below about 150
metres. The survey has revealed several obvious low resistivity anomalies beneath the surface features
referenced above. The Company has staked an additional 16 claims (320 acres) to cover the eastern margins
of the large resistivity anomaly, which is included in the total acreage above.
Gregory Hahn, V P Exploration states “ Our interpretation of the survey results are as follow s. One very
prominent low resistivity zone, interpreted as alteration, occurs along a strike length of +1.5 kms and a width
of 0.5 kms, beneath a strongly silicified (resistive) volcanic cap. No historic drill holes test this anomaly,
although several historic drill holes drilled along the western (up-dip) flank of the anomaly intersected good
intervals of low-grade gold and jasperoid. We interpret these intercepts as the distal fringe of the heart of the
anomaly which may represent a source for the lo w-grade intercepts. Se veral other weaker and shorte r
anomalies also are identified with low -grade gold intercepts in their vicinity. Importantly, the air magnetic
survey shows a large intrusion at depth . A prominent deep thick property-wide low resistivit y layer has
unknown origins. It could be extensive alteration, a package of carbonaceous sediments within the resistive
carbonate sequence, or a large sill-like altered intrusion. No existing drill holes went deep enough to penetrate
and test this large low-resistivity layer.”
Drill Permit Extension
The Company submitted a request to extend the drilling permit for the property (approved and bonded Notice
of Intent (NOI)) for two years. The extension was received May 17, 2023 and the additional bond was
approved on May 24, 2023 . The extension will allow geologists time to review the results of the MT survey
and amend the NOI as appropriate to test targets highlighted by the MT survey.
The Company will now seek a joint venture or strategic relationship with a large mining or exploration
company with expertise in epithermal or carbonate-hosted gold deposits to drill test the property.
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.
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 2023 exploration program; the potential for development of the mineral resources; the potential mineralization
and geological merits of the exploration properties; a nd 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 fac tors 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) 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 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.