Intersects 156 Feet (47.5 Metres) of 32.4 Gpt Silver at Ramsey Silver Project, LA Paz County, Arizona
Arizona Silver Exploration Inc.
Suite 303, 595 Howe Street, Vancouver, B.C. V6C 2T5
Phone: (604) 833-4278 Fax: (604) 718-2808
ARIZONA SILVER EXPLORATION INC.
INTERSECTS 156 FEET (47.5 METRES) OF 32.4 GPT SILVER AT
RAMSEY SILVER PROJECT, LA PAZ COUNTY, ARIZONA
Vancouver, BC, February 14, 201 7 – Arizona Silver Exploration Inc. (the " Company") (TSX-V: AZS) is
pleased to announce the second batch of drill results from the first phase of drilling on the Ramsey Silver
Project located in La Paz County, Arizona.
Drill Results
Drill hole R1605-C intersected 156 feet (47.5 metres with approximate true width of 32 metres )
containing 32.4 g/tonne (gpt) Ag between 250-406 feet (76-124 metres) depth. R1605-C was a vertical
hole. Within this zone is a higher grade grey matrix silica zone 5 feet wide (1.5 metres) containing 280
gpt Ag. The entire intercept is within silicified rhyolite that is hanging-wall to the high -grade vein and
associated footwall silver mineralization that was reported previously from hole R1602-C. Drill rods in
hole R1605-C got stuck in a fault immediately below the intercept reported above , and the hole had to
be abandoned. The lead, zinc, and gold content of the hanging-wall zone are negligible.
This intercept is significant in that it demonstrates that appreciable thicknesses of silver occur in the
rhyolite above the high-grade vein that was the focus of historic production in the old Ramsey Mine
workings and the associated footwall silver intercepts that were reported from holes R1602 -C. Hole
1602-C is located 73 metres to the south of R1605-C. Hole R1602-C intersected 91 feet (27.7 metres
approximate true width) grading 63 gpt Ag. The intercepts in R1602 -C and R1605-C are separated by a
large fault that appears to have moved the hanging-wall zone to the north relative to the footwall zone.
Together, the hanging-wall and footwall zones comprise a package of silver mineralization that appears
to have been 240 feet thick (60 meters true width) averaging 46.4 gpt Ag before it was faulted. The
recognition of this fault explains why the ve in appears to be sheared in the accessible underground
workings.
This mineral system appears to be very large and is wide-open to the north of hole R1605-C, where no
previous drilling or mine development has occurred and where we have detected a large magnetic
anomaly over 0.5 kilometres in diameter that we believe is the faulted extension of the mineralization
intersected in this phase 1 drilling program . There is over 40 meters of hydrothermal magnetite in the
rocks up-hole from the silver-bearing intercept in R1605 -C, which accounts for the magnetic anomaly
over the location of the phase 1 drill holes and the Ramsey Mine workings. The much larger magnetic
anomaly to the north has a stronger signature than that det ected over the phase 1 drill holes and
Ramsey Mine, suggesting it may represent the heart of the hydrothermal system, with R1605-C being on
the periphery of that system. R1605-C is the closest drill hole to this large magnetic anomaly.
Drill hole R1604-C was an inclined hole drilled up-dip and southwest of the intercept s in R1603-C and
R1605-C. R1604-C got stuck in the fault that separates footwall from hanging -wall mineralization, but
drilling was able to proceed by reducing rod size and continuing through the fault. R1604-C penetrated
2
footwall mineralization only from 220-242 feet (67-74 metres with 7 metres true width) grading 51 gpt
Ag, after drilling through extremely faulted ground in the region where the high-grade vein projected.
We believe th e high -grade vein is faulted out along with over 50 feet (15.3 metres) of mineralized
footwall section, which would explain why historical mining was discontinued at the north end of the
deposit.
We are encouraged with the results of the initial drilling programme and have tagged what we think is
the periphery of a much larger silver -bearing hydrothermal system centred on the large magnetic
anomaly to the north. We will post cross sections to the web site after we have finalized them. Please
take a moment to view our web site with images of the geology and core at
www.arizonasilverexploration.com.
QA/QC and Analytical Procedures
All drill core is stored in a locked facility in Quartzsite, Arizona prior to transport under strict chain of
custody by ALS Minerals personnel to the ALS Minerals laboratory in Tucson Arizona. Core is
photographed, sawed, and sampled by ALS Minerals pers onnel in accordance with sample intervals
provided by Arizona Silver, then each interval is crushed to 70% passing 2 mm, a 250 gram split is taken
and pulverized to 85% passing 75 microns, subject to a four-acid digestion, and then analyzed by ICP/MS
for a 48-element package including silver, lead, and zinc. Samples over 100 ppm silver and over 10,000
ppm lead or zinc are re -analyzed using ICP for higher concentration levels. Selected intervals with high
silver values are re-submitted for 1-assay ton fire assays for gold.
Greg Hahn, President and COO and a Certified Professional Geologist (#7122) is the Qualified Person
under NI43-101 responsible for preparing and reviewing the data contained in this press release.
ON BEHALF OF THE BOARD
ARIZONA SILVER EXPLORATION INC.
SIGNED: “Greg Hahn”
Greg Hahn, President and Chief Executive Officer
Contact: Mike Stark, 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, and the TSX Venture
Exchange has in no way passed upon the merits of the transactions herein.
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 2016 program on the Ramsey property; the potential for development of the mineral resources; the potential
mineralization and geological merits of the Ramsey property; 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 statemen ts. Important factors that could cause actual
3
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 2016 drilling pro gram(s) on the Ramsey
property, 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 wit hin the Ramsey property 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 (includ ing 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 2016 programs would proceed as planned and within budget. The Company expressly disclaims any
intention or obligation to update or revise a ny forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by applicable securities legislation.