Intersects 50 Feet (15.3 Metres) of 102 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) 336-8619 Fax: (604) 718-2808
www.arizonasilverexploration.com
ARIZONA SILVER EXPLORATION INC.
INTERSECTS 50 FEET (15.3 METRES) OF 102 GPT SILVER AT RAMSEY SILVER
PROJECT, LA PAZ COUNTY, ARIZONA
Vancouver, BC, January 31, 2017 – Arizona Silver Exploration Inc. (the "Company") (TSX-V: AZS)
is pleased to announce initial drill results from the first phase of drilling on the Ramsey Mine silver
project located in La Paz County, Arizona.
Initial Drill Results
Drill hole R1602- C intersected 5 0 feet (15.3 metres approximate true width) containing 102 gpt Ag ,
0.12% Pb and 0.35% Zn. Within this zone is a higher grade banded amethystine quartz vein 5 feet wide
(1.5 metres) of 276 g/tonne (gpt) Ag and 0.5 gpt Au that appears to be the southern extension of the
Ramsey vein that was mined historically. The gold content is noteworthy and much to our surprise, in that
gold was not previously reported from mine shipments or rock samples from the Ramsey vein. The vein
occurs within and near the top of the more extensive lower grade silver zone beneath it. The silver zone is
contained within a much thicker section of low grade mineralization that is 91 feet (27.7 metres
approximate true width) and grades 63 gpt Ag, 0.09% Pb, and 0.25% Zn. These results confirm t he
presence of a thick interval of silver, lead, and zinc, as identified by historic long hole drill holes, with
newly identified locally elevated gold . This mineral system appears to be large and wide -open to the
south of hole R1602-C, where no previous drilling or mine development has occurred.
Drill hole R1603-C was drilled beyond the northern extent of the old underground workings where it was
unclear why historic mining was discontinued. R1603- C interested footwall mineralization only, grading
31.3 gpt Ag, 0.08% Pb, and 0.32% Zn with intervals of 0.1- 0.2 gpt Au, across 4 7 feet ( 14.3 metres
approximate true width) after drilling through extremely faulted ground in the region where the high -
grade vein projected. We believe the high -grade vein is faulted out, which explains why mining was
discontinued historically, along with about 50 feet (15.3 metres) of mineralized section. W e interpret the
large magnetic anomaly located north of this drill site to represent the faulted extension (see discussion on
hydrothermal magnetite below).
Drill hole R1601-C was drilled from the same site at R1602-C, but at a steeper inclination, and intersected
a mine working where we projected the high -grade vein. This mine working was not on the historical
stope maps that predate the MM Sundt Company’s underground activity at the Ramsey Mine in the late
1960s, and probably represents a portion of the high-grade vein that they mined during their tenure on the
property. The core drillers were unable to drill past this 7- ft wide mine working, and the hole was
abandoned.
Drill holes R1604-C and R1605- C were drilled from the same site as R1603 -C, and are currently in the
laboratory for sample preparation and analyses, and the r esults will be reported after they have been
received and reviewed.
Magnetic Anomaly
Drilling simultaneously tested the ground magnetic anomaly that is coincident with the old Ramsey Mine
workings, in order to understand the source of the magnetic anomaly and to be able to better interpret the
much larger (500-meter diameter) ground magnetic anomaly to the north. There is a distinct hydrothermal
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magnetite zone in the volcanic rocks above the silver target zone in all five holes, explaining the source of
the magnetic anomaly and reinforcing the significance of the larger magnetic anomaly to the north. Lab
physical property tests also show this rock type is very resistive, probably due to silicificatio n. Magnetic
pyrrhotite is also present in the volcanic rocks above and in the silver target zone. Rock physical property
tests were performed on representative samples from this magnetite- pyrrhotite zone and confirm a
magnetic susceptibility 20- 100 times t hat of the mineralized rocks below the high -grade vein, which
explains the ground magnetic anomaly.
The magnetic anomaly to the north of the Ramsey Mine area is significantly stronger and larger than that
at the Ramsey Mine. It is located across an inferred fault intersected in drill hole R1603-C and is believed
to lie beneath an estimated 30-60 meters of alluvial cover. Silver-mineralized footwall rocks have a higher
conductivity and polarization effect than the hanging wall rocks. The lab physical property tests suggest
an electrical survey over the large untested magnetite anomaly should help define the geometry of the
mineral system in the sub -surface and the locus of any disseminated sulphide minerals. An IP (induced
polarization) geophysical survey is being planned to measure the electrical properties of the Ramsey mine
are and the larger northern magnetic anomaly. We are encouraged with the results of the programme and
have gained further knowledge of the system. Please take a moment to view our web site with images of
the 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 personnel in accord ance 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: Greg Hahn (720) 244-2022
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
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mineralization and geological merits of the R amsey 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
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.