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Arizona Silver Exploration Inc
Symbol AZS
Shares Issued 57,864,096
Close 2021-07-06 C$ 0.175
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Arizona Silver receives drill permits for Silverton

2021-07-07 12:29 ET - News Release

Mr. Mike Stark reports


Arizona Silver Exploration Inc. has received permits to drill up to 12 holes on the Silverton project located in Nye county, Nevada. The final permit is by way of a positive record of decision for an amendment to its notice of intent to drill an additional four holes on the property.

The Silverton project is a Carlin-type gold system located primarily in carbonaceous dolomitized limestone breccias. Gold is localized along high-angle structures which feed flat-lying jasperoid replacement bodies. In the 1980s, short vertical holes tested flat-lying jasperoid bodies. All of the holes intersected low-grade gold in and adjacent to the jasperoids, but no holes were drilled to test the high-angle feeder structures. Furthermore, no holes were drilled to test deeper in the section for Carlin-type replacement gold deposits.

The trace element geochemistry is typical of Carlin-type systems and hydrothermal textures evident at the surface indicate exposures at the boiling zone, above the level where Carlin-type mineralization typically occurs. Arizona Silver's technical team believes the features present at Silverton are similar to the gold mineral system at the Long Canyon deposit, where gold occurs primarily along steeply dipping structures that lead down into flat-lying deposits locally.

The proposed drilling program with test three of the steeply dipping structures with hydrothermal breccias and silicification that appear to feed the adjacent jasperoid bodies. Surface samples from these breccias contain up to nine grams per tonne gold.

The company is currently seeking to arrange roadwork and site preparation in late July ahead of drilling. The company will announce the securing of a driller and a start date when arrangements are in place.

Separately, samples from the recently completed drilling program at the Perry vein on the Philadelphia project are through sample preparation and representative pulps have been forward to the analytical lab for assaying.

Qualified person

Gregory Hahn, vice-president of exploration and a certified professional geologist, is a qualified person under National Instrument 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 underexplored gold-silver properties in western Arizona and now Nevada. The company plans to continue to drill test the Ramsey silver mine property located a short distance east of Quartzsite, Ariz., as time allows. The company has recently received a positive record of decision on its notice of intent to drill an initial eight exploration holes on its recently acquired Silverton gold-silver property with Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

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