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Arizona Silver Discovers High Grade Gold-Silver Vein Within Thick Mineralized Zone On The Philadelphia Property, Arizona

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Arizona Silver Discovers High Grade Gold-Silver Vein Within Thick Mineralized Zone On The Philadelphia Property, Arizona

 

 

 

 

 

Arizona Silver Exploration Inc. (TSX-V: AZS) (OTCQB: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.

 

Posted July 20, 2021

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