VANCOUVER, British Columbia – TheNewswire – May 16, 2023 – Arizona Silver Exploration, Inc. (TSXV:AZS) (OTC: AZASF) is pleased to announce the completion of the first deep core hole to test downdip continuity of high grade gold and silver mineralization at the Philadelphia Gold and Silver Project in Mojave County, Arizona. This release is only a geological description of the borehole, as analytical results are not yet available.
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The PC23-111 hole was completed to a depth of 319.5 meters.
Results confirmed the downward extension of both the hanging wall (HW) and footwall (FW) venous systems.
A third new vein, called the superior vein, was crossed.
Mr Greg Hahn. Vice President of Exploration commented: “We are pleased to be able to continue to attack the major veins in our system as we drill deeper. Calcite and silica increase. The discovery of new upper veins is also interesting as it foreshadows the possible presence of additional veins as we go deeper into the system. ”
Excavation result
Drill hole PC23-111 was drilled from the same drill pad as the previous hole PC22-91 and terminated with calcite-packed quartz vein breccia containing +2 grams per tonne (gpt) gold. Hall PC23-111 was designed to test known HW (suspended wall) and FW (footwall) veins 30-40 meters below the section of Hall PC22-91.
The PC23-111 hole intersected the HW at depths of 230.59-231.59 meters and the FW veins at depths of 275.15-285.12 meters downhole. Additionally, new veins crossed at 187.26 to 190.95 meters.
The new upper vein is composed of calcite-consolidated quartz breccia with a predominant calcite matrix. This is very typical of the blockage of many veins on the higher slopes of the Philadelphia system. No drilling to date has identified this vein, suggesting it may be approaching the source of the vein-forming fluid.
The HW vein intercept is typical of HW vein intercepts in previous drillings. However, FW veins are significantly different from FW vein intercepts in updip holes. The updip of the higher level sections is characterized by a calcite-filled matrix, as observed in the upper vein of this hole. His FW vein in PC23-111 has only a very thin (~10 cm) section of blade-like calcite tissue and virtually no superior calcite. Instead, it consists almost entirely of fine-grained sugar membranes.–Fragments of textured quartz veins, occasionally streaked or dark streaked. The transition from calcite-cement breccia to silica-cement breccia indicates that we are under-representing the rarefaction of the deeper, later barren calcite in the boiling zone. The FW veins crossed higher in the hole than expected and appear to be fairly flattened. On the updip, the vein appears to maintain a stable −70 degree inclination, whereas in PC23-111 the vein is tilted to −55 degrees based on the cross-section and fracture angle and the band relative to the core axis. It looks flat. The FW vein intercept is nominally 35–40 meters downward from the vein intercept of hole PC22-91, showing how quickly the vein characteristics change during the boiling zone transition. A cross-sectional view and photo of his FW vein in the core is posted on the website. https://arizonasilverexploration.com/philadelphia/
On February 7, 2023, the company announced the Red Hills target, a geophysical (CSAMT) anomaly beneath Red Hills, a markedly altered hill just east of a known vein. Philadelphia. The core hole PC23-111 crossed a low-resistivity feature interpreted as a ‘feeder zone’ to the major CSAMT anomaly. This low-resistivity feature is thought to be caused by clay alteration and iron oxide (formerly pyrite) enrichment above the cracks, mimicking the low-resistivity feature trend described above. The FW vein intercept falls within the low resistivity features. However, no fresh pyrite was found in the core except occasionally beneath the FW veins of the underlying Proterozoic granite.
continuous drilling
Core drilling continues to drill a new hole at -45 degrees from the current pad location and is designed to test the western portion of the low resistivity CSAMT anomaly. The CSAMT anomaly is believed to be a clay cap above the boiling and mineralized zones associated with the Red Hills target. This will be the first drill hole into this target area.
QA/QC program
Cores from the PC23-111 hole are shipped to the ALS Sample Preparation Facility in Tucson, Arizona, where the cores are cataloged, sawed, sampled, crushed, and ground. The pulverized splits are sent to his ALS analysis facility in Vancouver, British Columbia for analysis. All materials are handled under strict process control protocols. Gold is determined by refractory analysis with a gravimetrically finished AA finish on samples >10 grams per tonne of gold and silver is determined by ICP-MS methods within a 31 element suite.
In addition to ALS Global’s independent QA/QC protocol, we have a proprietary program to insert reference standards in the form of standards and blanks into the sampling stream prior to shipment to ALS’ preparation facility in Tucson, Arizona. is maintained.
qualified person
Gregory Hahn, Vice President of Exploration and Certified Professional Geologist (#7122), is certified under National Instrument 43-101 (“NI 43-101”) and has reviewed the technical information contained in this news release. ,approved.
About Arizona Silver Exploration, Inc.
Arizona Silver is a young exploration company focused on exploring gold and silver assets in western Arizona and Nevada. The principal asset is a Philadelphia real estate, which is 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 TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements or information. All statements other than statements of historical fact contained in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements regarding timing, costs and other aspects of the 2023 exploration program. Possibility of mineral resource development. Potential mineralization and geological merit of exploration properties. our other future plans, goals or expectations; There can be no assurance that such statements will prove to be accurate and actual results, and future events may differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our plans or expectations include the actual results of current and planned exploration activities, including the results of our 2023 drilling program on our property; includes risks that do not match company expectations. the geology, grade and continuity of mineral deposits and the risk of unexpected fluctuations in mineral resources, grade and/or recovery; Fluctuations in metal prices. Possibility of accidents, equipment failures and delays during exploration. Exceeding exploration costs or unexpected costs or expenses. Uncertainty associated with interpretation of drilling results and geological examination. the availability of capital and funding necessary to continue the preparation of our future exploration programs and geological reports and studies; Delays in the preparation of geological reports and studies. The metallurgical properties of the mineralization included in the exploration properties have not yet been fully determined. general economic, market or business conditions; Competition and loss of key employees. Permits required for exploration activities (including drilling permits) and regulatory changes and restrictions related to environmental responsibility. timeliness of government or regulatory approval; and other risks are detailed in this document and in filings we file with securities regulators from time to time. In connection with the forward-looking information contained in this news release, the Company makes a number of assumptions, including that the 2023 program will proceed as planned and within budget. We expressly disclaim 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 laws.
