Tickers: XTSX:AZS
Tags: #Mining
Vancouver, British Columbia - TheNewswire - May 13, 2020 - Arizona Silver Exploration Inc. (TSXV:AZS) (OTC:AZASF) wishes to provide updates on the current lab operations, the Phase II drill program, and the staking of additional land on our 100% owned Philadelphia property.
Management has decided to test below the old mine workings of Philadelphia's shaft #2 in order to ascertain whether gold and silver continues below the four-hundred-foot level, which is the point where mining ceased previously. We have also staked two additional mining claims to the east of recent drilling to cover possible extensions of the veins in that direction.
Once this hole, or these holes are completed, we will mobilize the rig and drill our 100% owned Ramsey property, an historic silver producer. The program will test the high-grade zone of the Creosote Vein and surrounding low- grade silver mineralization (click here to view Apr 9 2018 news release), as well as further testing the continuity of mineralization below a pronounced Pb-Zn-Ba-Ag soil geochemical anomaly associated with altered and brecciated rhyolite host rocks.
Please refer to our website for information on prior drilling and the size of the target at the Ramsey property.
Due to the extra testing we have requested (metallic screen analyses), and the global slow down due to Covid-19, results have taken far longer than expected. But with safety concerns for lab personnel addressed, testing has continued uninterrupted. In order to continue to collect information and evaluate opportunity, and to take advantage of drill rig and crew availability, we are anxious to be begin drilling again at both the Philadelphia and Ramsey properties.
Our treasury remains healthy in these trying times, as a result of careful spending and low overhead. We look forward to sharing results once they are provided.
Greg Hahn, VP Exploration, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43- 101 responsible for reviewing the data contained in this press release.
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.
On behalf of the Board of Directors: ARIZONA SILVER EXPLORATION INC.
Mike Stark, CEO, President Phone: (604) 833-4278
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 2019 exploration program; 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. Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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