Arizona Silver Commences Core Drilling of the Red Hill Target at the Philadelphia Gold-Silver Project, Arizona

2023-04-25 / @thenewswire

(TheNewswire)

Vancouver, British Columbia – TheNewswire - April 25, 2023 – Arizona Silver Exploration Inc. (TSXV:AZS) (OTC:AZASF) is pleased to announce that it has commenced core drilling to test the western edge of the recently identified Red Hill CSAMT geophysical anomaly at the Philadelphia gold-silver project, Mohave County, Arizona, as forecasted on April 22, 2023.

Mr. Greg Hahn. VP-Exploration commented, “We look forward to testing the down dip extension of the HW Vein below the last drill intercept in hole PC22-91, the interpreted feeder zone to the Red Hill CSAMT anomaly and the western edge of the anomaly itself with two core holes”.

Details of the uncut drill length intercepts of PC22-91 were as follows:

High grade vein interval: 176.59-178.96 metres, 2.38m, 6.71 gpt gold, 22.6 gpt silver
Total Mineralized Zone: 173.5-252.1m (end of hole): 78.7m, 0.964 gpt gold, 9.20 gpt silver.

STOCK OPTION GRANT

The Company also wishes to announce that it has granted incentive stock options to purchase a total of 1,425,000 common shares at the price $0.47 per optioned share for a period of five years to its officers, directors, and certain consultants in accordance with the provisions of its stock option plan. Arizona Silver Exploration is pleased to offer these options to our dedicated team who have shown diligence and excellence in their respective roles.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) have approved this release.

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 gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property and 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 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 2023 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 2023 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 2023 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.