Vancouver, British Columbia – TheNewswire - July 20, 2021 – Arizona Silver Exploration Inc. (TSXV:AZS) (OTC:AZASF) is pleased to report high gold-silver grades from drilling completed in May-June 2021 on the Perry vein at the Philadelphia project in Mohave County, Arizona. All 15 holes also intersected thick zones of gold-silver mineralization along the plane of the vein.
Highlights in the Main Vein (6 holes)
|
Hole ID |
From (ft) |
From (m) |
To (ft) |
To (m) |
Width (ft) |
Width (m) |
Au gpt |
Ag gpt |
Est. True Width (m) |
|
PRC21-82 |
95 |
28.96 |
105 |
32.01 |
10 |
3.05 |
16.90 |
51.20 |
2.34 |
|
within |
90 |
27.44 |
240 |
73.17 |
150 |
45.73 |
1.63 |
7.74 |
35.00 |
|
PRC21-79 |
170 |
51.83 |
200 |
60.98 |
30 |
9.15 |
7.82 |
21.00 |
5.53 |
|
within |
165 |
50.30 |
215 |
65.55 |
50 |
15.24 |
1.82 |
5.52 |
10.78 |
|
PRC21-83 |
135 |
41.16 |
145 |
44.21 |
10 |
3.05 |
6.16 |
51.80 |
1.53 |
|
within |
130 |
39.63 |
330 |
100.61 |
200 |
60.98 |
0.84 |
7.11 |
30.50 |
|
PRC21-80 |
335 |
102.13 |
355 |
108.23 |
20 |
6.10 |
6.90 |
44.55 |
2.09 |
|
within+ |
280 |
85.37 |
400 |
121.95 |
120 |
36.59 |
2.73 |
14.40 |
12.51+ |
|
PRC21-85 |
360 |
109.76 |
375 |
114.33 |
15 |
4.57 |
4.86 |
15.40 |
1.56 |
|
within* |
360 |
109.76 |
555 |
169.21 |
195 |
59.45 |
1.49 |
6.66 |
20.33 |
|
PRC21-78 |
130 |
39.63 |
135 |
41.16 |
5 |
1.52 |
9.82 |
29.40 |
1.32 |
|
within |
130 |
39.63 |
195 |
59.45 |
65 |
19.82 |
1.43 |
5.94 |
17.16 |
|
or |
130 |
39.63 |
290 |
88.41 |
160 |
48.78 |
0.69 |
2.93 |
42.24 |
+ results not in yet for the bottom 33.5 metres (110 feet) of hole
gpt = grams per tonne
Mike Stark, President and CEO states “We are delighted that drilling has discovered high grades in a vein that was overlooked historically. Significantly, the high-grade zone is open at depth. The shallow lower grade mineralization is a surprise, a result that represents potentially significant bulk tonnages. Drilling will continue.”
Greg Hahn states “Reverse circulation drilling has confirmed my interpretation that high grades would begin 50-100 metres below the low grade, partially outcropping Perry vein. That interpretation was based on the vein textures at surface compared to textures within ore zones elsewhere. Fortunately for us the productive part of the vein appears to be entirely intact and is open to depth.
“The thick, shallow zone of low-grade mineralization is very significant as it represents a bulk tonnage opportunity. For this reason we are reporting the vein grades and the shallow, bulk tonnage grades separately.”
The High Grade Perry Vein
The weighted average intercept of the above six holes on the high-grade vein is 4.57 metres (15 feet) at 8.06 gpt gold and 32.54 gpt silver. The drilling was accomplished using a reverse circulation drill rig.
The intercepts in holes -82 and -83 are approximately 300 metres (1000 feet) along strike of the intercepts in holes -78 through -80 and -85. No drilling exists between these sites to a depth that could have intersected the productive part of the vein.
These intercepts represent the deepest intercepts along the dip of the Perry vein. Grades increase noticeably down dip, encouraging the continuation of drilling further down dip beneath the above intercepts. The high-grade vein is hosted by an angular clast-bearing multi-lithic breccia. Green and clear quartz and occasional banded textures characterize the vein intercepts.
The Shallow Up-dip Stockwork Intercepts
Drill holes in the shallower portion of the vein intersected broad zones of stockwork gold mineralization as the high-grade vein component is absent.
Intercepts in the Shallower Up Dip Portions of the Vein
|
Hole ID |
From (ft) |
From (m) |
To (ft) |
To (m) |
Width (ft) |
Width (m) |
Au gpt |
Ag gpt |
Est. True Width (m) |
|
PRC21-73 |
160 |
48.78 |
365 |
111.28 |
205 |
62.50 |
0.71 |
2.59 |
47.88 |
|
PRC21-81 |
60 |
18.29 |
185 |
56.40 |
125 |
38.11 |
0.54 |
4.20 |
35.80 |
|
PRC21-75 |
50 |
15.24 |
135 |
41.16 |
85 |
25.91 |
0.40 |
1.65 |
19.85 |
|
PRC21-72 |
145 |
44.21 |
260 |
79.27 |
115 |
35.06 |
0.33 |
1.66 |
26.88 |
|
PRC21-71 |
110 |
33.54 |
210 |
64.02 |
100 |
30.49 |
0.23 |
0.81 |
30.49 |
|
PRC21-76 |
90 |
27.44 |
295 |
89.94 |
205 |
62.50 |
0.23 |
0.99 |
31.25 |
|
PRC21-77 |
40 |
12.20 |
165 |
50.30 |
125 |
38.11 |
0.22 |
0.42 |
38.10 |
|
PRC21-74 |
45 |
13.72 |
160 |
48.78 |
115 |
35.06 |
0.22 |
0.37 |
33.87 |
|
PRC21-84 |
135 |
41.16 |
210 |
64.02 |
75 |
22.87 |
0.41 |
2.28 |
22.75 |
Click here to view drill sections and drill locations on the website.
The weighted average of the lower grade intercepts in the up-dip portions of the mineralized zone is 39 meters (128 feet) at 0.38 gpt gold and 1.68 gpt silver, which does not include any high-grade vein intercepts.
Results from three diamond drill holes drilled on the Perry claim are not yet available. The core had been selectively sampled for analyses based upon our geologic experience to the north on the Philadelphia vein.
The Perry vein system is significantly different to Philadelphia in the sense that gold grades of 0.2-2.0 gpt are present in rock similar to that would not have carried gold at Philadelphia. In light of these results the Company will now assay portions of the core that were not sampled.
QA/QC Program
All assaying was conducted by ALS Global, an independent analytical laboratory. RC cuttings were delivered to the ALS delivery truck on site and trucked to the ALS sample preparation facility in Tucson, Arizona, where the samples are inventoried, dried, crushed and pulverized. Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol. Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.
The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.
Qualified Person
Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 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, Arizona as time allows. The Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets. Drilling there will be scheduled as time and equipment allow.
Please refer to our web site for all news and updated property information.
www.arizonasilverexploration.com
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Mike Stark, President and CEO, 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.
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 2020-2021 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; 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 statements. 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 2021 drilling program(s) on its properties, 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 within the exploration properties 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 (including 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 2021 programs would proceed as planned and within budget. The Company expressly disclaims 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 legislation.
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