Vancouver, British Columbia – Newswire – From April 18, 2023 Arizona Silver Exploration Inc. (TSXV:AZS) (Store: AZASF) is pleased to announce that it has secured a core drill to test the western edge of the recently identified Red Hill CSAMT geophysical anomaly at the Philadelphia Gold and Silver Project in Mojave County, Arizona.
Greg Hahn. VP-Survey Comments, “We are thrilled to be contracting a core rig at this time to test this important target soon after its discovery. Both the size and grade parameters of a project can change significantly.”
SAMT is a geophysical survey method for obtaining information about subsurface resistivity. Resistivity values calculated from CSAMT data are related to geology. CSAMT is often used by mining companies to scout larger geographic areas to determine depth to bedrock and identify faults and resistance anomalies that may be associated with deposits.
Arizona Silver contracted Zonge Geophysics to conduct a CSAMT study in late January (see press release dated February 7, 2023). That study showed a distinct resistivity beneath the red hills (see figure below). The anomaly is interpreted as a clay cap to gold-silver mineralization beneath the cap. In addition, the western edge of the anomaly is characterized by a potential ‘feeder zone’, a structural conduit that directs hydrothermal fluids (including gold). Such structures are known to host high levels of mineralization in hydrothermal systems around the world.
We are licensed to drill two core holes totaling 700-750 meters. Steeper holes show both large CSAMT anomalies lying flat from the interpreted ‘feeder’ zone and downtilt projections of high-grade hanging wall veins ‘HW’ intersected by multiple drill holes so far. test. A shallower hole tests the western portion of his CSAMT anomaly near the interpreted feeder zone. Testing of the core of the CSAMT anomaly below Redhill will have to wait until drilling rigs and crews capable of drilling shallow-angle holes become available. The attached section shows the suggested drill hole locations for the CSAMT anomalies.
Alford Drilling of Elko, Nevada is contracted to do the drilling. The core rig is expected to arrive at the site mid-week. The results of the recently completed reverse circulation drilling program are awaited.
qualified person
Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122), is a National Instrument 43-101 (“NI 43-101”) Qualified Person who has reviewed and approved the technical information contained in this news release. Did.
About Arizona Silver Exploration
Arizona Silver is a young exploration company focused on exploring gold and silver assets in western Arizona and Nevada. The flagship property is the Philadelphia property and 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. development potential of mineral resources; potential mineralization and geological merits of exploration properties; Our other future plans, objectives or expectations. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those projected by such statements. or material factors that could cause it to differ materially from expectations, including, but not limited to, actual results of current and planned exploration activities (including the results of our 2023 drilling program on our property); Do not include risks. company expectations; the geology, grade and continuity of deposits and the risk of unexpected fluctuations in mineral resources, grades and/or recoveries; fluctuating metals prices; the potential for accidents, equipment failures and delays during exploration. Exceeding exploration costs or unexpected costs and expenses. Uncertainties associated with interpretation of drilling results and geological tests. the availability of capital and funds necessary to continue our future exploration programs and prepare geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characterization of the mineralization included in the exploration properties has not yet been fully determined; General economic, market, or business conditions. Competition and loss of key employees. Regulatory changes and restrictions, including those related to permits required for exploration activities (including drilling permits) and environmental liability. timeliness of governmental or regulatory approvals; and other risks detailed herein and from time to time in documents we file with securities regulators. In connection with the forward-looking information contained in this news release, we make a number of assumptions, including that our 2023 program will proceed as planned and on 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. increase..
