Precious Metals

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - April 26 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) announces that the US Forest Service has issued a positive Decision Memo, with stipulated mitigation measures required, approving the initiation of exploration drilling on the Sycamore Canyon gold-silver project located in Cochise County, Arizona.

Decision Memo

A positive Decision Memo, with stipulations and required mitigation measures, was received in response to the initial Plan of Operations submitted in May 2018 to proceed with initial exploration drilling of the Sycamore Canyon gold-silver project in Cochise County, Arizona. An initial Plan of Operations was submitted in May 2018 and finalized in November 2018.  Public comment was sought in late 2018 and early 2019, but the COVID pandemic and administrative issues caused the permitting of the project to be delayed until respective parties could be available to make their contributions to the NEPA (National Environmental Policy Act) permitting process.

Mitigation measures include:

  • no activity during the golden eagle breeding season (January through July), or non-breeding or non-occupancy within one mile of the drill site must be confirmed,

  • Avoid removal or damage to agave and yucca plants during road and pad construction and use, and salvage and re-planting of any disturbed plants,

  • reclamation immediately upon completion of the proposed drilling activity, among others.

The Company will engage an environmental consulting firm to incorporate these mitigation measures into a final Plan of Operations and a reclamation cost estimate for final submission to the US Forest Service for their consideration in issuing a final Record of Decision.

Meanwhile the Company will entertain joint venture proposals to advance the Sycamore Canyon project through this initial drilling program and beyond. Since submitting the initial Plan of Operations in 2018 the Company has made what it believes is a significant mineral discovery at its Philadelphia project in Mohave County, Arizona, and is electing to focus its resources on advancing the exploration drilling of that project.

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. https://arizonasilverexploration.com/sycamore/

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. In addition to the Philadelphia project, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes for Carlin-type targets on its recently acquired Silverton gold-silver property. Drilling there will be scheduled as time and equipment allow.

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 2022 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 2022 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 2022 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AZS:CA
Arizona Silver Exploration

Arizona Silver Exploration

Overview

Mining in Arizona is flourishing as the demand for metals and minerals soars. Demand for critical metals stems from the consumer electronics, military operations and renewable energy markets. As experts put it, the demand is expected to continuously grow in the 21st century.

Why is Arizona a mining hotspot? Arizona is widely known for its mining-friendly policies and high gold, silver, and copper mineralization outputs. In 2019, Arizona ranked in the top 10 jurisdictions in the world for both the investment attractiveness index and the policy perception index, according to the Fraser Institute. As a result, Arizona has ranked the number one state for exporting metal ores in the United States and has rightfully attracted the attention of major mining companies and investors alike.

Arizona Silver Explorations Inc. (TSXV:AZS,OTCQB:AZASF) is a junior mineral exploration company focused on exploring, identifying, and acquiring high-grade gold and silver in Arizona and Nevada in the United States of America. The company is led by an experienced management team CEO Mike Stark who has over 35 years of experience and worked with Exeter Resources (TSX: XRC,NYSE-MKT: XRA,Frankfurt: EXB), Extorre Gold Mines Ltd. (TSX:XG), and Canamex Gold Corp. (TSXV:CSQ,OTCQX:CNMXF,FSE:CX6).

“We have four very promising properties, we are not a one-property ownership,” said Arizona Silver Explorations CEO Mike Stark.

The company’s flagship Philadelphia project is an early-stage project in Arizona and is strategically located near multiple high-yielding gold and silver mines. Nearby mines in the region include the Moss Mine, which is approximately 6 miles away and owned by Northern Vertex Mining Corp. (TSX.VNEE), which has 4,463,000 ounces of measured and indicated gold as well as 360,000 ounces of measured and indicated silver.

The Gold Road mine owned by Aura Minerals Inc. (TSX:ORA) is 10 miles away and has historically produced 746,000 ounces of gold. In addition to its flagship project, the company has three other projects in its portfolio located in Arizona and Nevada including Ramsey Silver, Silverton Gold and Sycamore Canyon.

Since the company acquired the Philadelphia Property in February of 2019, they have successfully completed multiple drilling campaigns. The property sits on the prolific high-grade Arabian vein fault and has produced gold as high as 41.6 gold per ton (gpt) and silver as high as

97.2 gpt. The company plans to continue drilling to test the continuity of the high-grade vein based on the pending results.

Arizona Silver Exploration fully owns all of its projects. The company also has a strong share structure with 57,839,096 shares issued and outstanding, 6,011,758 warrants outstanding and 5,252,250 options outstanding for a total of 69,103,104 fully diluted shares, as of December 20, 2020. The company’s management team believes in its projects as its ownership includes 42 percent with family and friends, 24 percent with retail, 30 percent with insiders, and 4 percent with institutions.

Company Highlights

  • Arizona Silver Explorations Inc. (TSXV:AZS,OTCQB:AZASF) is a junior mineral exploration company focused on exploring, identifying, and acquiring high grade gold and silver in Arizona and Nevada in the United States of America.
  • The company’s flagship Philadelphia property in Arizona has drill results showing gold as high as 41.6 gpt, silver as high as 97.2 gpt and beryllium as high as 344 gpt and it is strategically located near other gold- and silver-yielding mines.
  • The company has a portfolio consisting of three other early-stage projects in Arizona and Nevada including Ramsey Silver, Silverton Gold and Sycamore Canyon.
  • The company is fully budgeted and fully owns all of its properties.
  • The company has a strong structure with 57,839,096 shares issued and outstanding, 6,011,758 warrants outstanding and 5,252,250 options outstanding for a total of 69,103,104 fully diluted shares, as of July 15th 2021
  • The company’s management team is highly experienced with decades of experience mining and exploration as well as finance.

Key Projects

The Philadelphia Property

The flagship Philadelphia property is located in Mohave County in northwestern Arizona and consists of 20 claims on the prolific high-grade Arabian vein fault. The property is readily accessible as it is less than 100 metres from paved road access. The region is home to the Oatman Mining District which has produced over 2.5 million ounces of gold from high-grade veins from underground mining. The Philadelphia property is approximately six miles from Northern Vertex’s Moss mine and 10 miles from Aura Minerals’ Gold Road mine.

The property has a mining history dating back to 1915 involving the Arabian-Philadelphia mine which produced 44,000 ounces of gold at an average grade of 0.3 to 0.79 opt. Historic silver grades in the production shaft averaged 420 gpt of silver. Arizona Silver Exploration’s October 2019 core drill program produced gold as high as 41.6 gpt and silver as high as 97.2 gpt. The September 2020 core drill program showed 33.56 gpt of gold and 54.7 gpt of silver over 2.35 metres, within a thicker interval of 10.76 metres containing 9.26 gpt of gold, 79.8 gpt of silver, and 344 gpt of beryllium beginning at a depth of 27.96 metres.

In November 2020, Arizona Silver Exploration Inc. announced that it bought out the existing 1 percent NSR on the property. The property is now fully owned and is free of all financial obligations. Currently, there is 1.5 km of strike untested to the north and 2 km of strike untested to the south. The company reported additional drill results of 3.7 ft. grading 6.79 gpt gold and 258 gpt silverfrom after completing its core drilling in April 2021.

The Silverton Gold Project

Silverton Gold is a Carlin-type gold exploration project located in Nye County in Nevada and consists of 77 unpatented lode mining claims on the 1540 acre property. The project is 100 km from the old Silverton Mine property which is northeast of Tonopah in Nevada. The property has brecciated and silicified dolomitic limestone and faults. The company believes the dolomite breccias identified on the property are the primary exploration opportunity which is structurally similar to the gold-rich zones at the Long Canyon gold deposit which has reserves and resources of 3.19 million ounces of gold including measured, probable, and inferred.

The property has had intermittent exploration since the early 1980s with a large gold anomaly identified that contains greater than 100 ppb of gold. In 1988, a few holes were drilled peripheral to the gold anomalies in brecciated dolomites and intersected 40 to 100 feet carrying 300 to 1000 ppb of gold in almost every hole. As such, the company expects that mineralization will be even higher at the heart of the gold mineral system. Past drill results on the property also contained 1 to 16 grams of gold.

The company fully owns the property after previously entering into a lease with the option to purchase an agreement. Arizona Silver Exploration will be doing exploration work in the summer of 2021 pending permits.

The Ramsey Silver Project

The Ramsey Silver project is located two hours west of Phoenix in Arizona. The property’s geology consists of black calcite plus quartz veins in overlying rhyolite at an upward leakage with Ag-Pb-Zn-Ba geochemical signature. Exposure of geology underground found a high-grade vein with open stope and low-grade silver in volcanic breccia.

The property has seen historic production of 1370 gpt of gold and samples of high grade silver at 924.6 gpt. It is also home to 41 existing underground drill holes from the 1960s. Intercepts on the property show up 304 gpt of gold at up to 46 metres. Drill results from 18 holes on the Ramsey mine target completed by Arizona Silver to date show average gold mineralization at 31.5 gpt. The drill results also include a thick zone of disseminated silver and lead and zinc presence of up to 1 percent combined. Silver mineralization is open-pittable at depth. There is a large untested adjacent geophysical anomaly.

The property is fully owned with royalty buy-outs. The upcoming drill program on the property is scheduled to happen later this year when temperatures resume to safe operating levels for the crew. The company believes there is an upside potential for a large deposit size on the property.

Sycamore Canyon Project

The Sycamore Canyon property is located 20 miles northeast of the town of Willcox in southern Graham County in Arizona and consists of 10 unpatented lode mining claims on US Forest Service administered public lands. The property is accessible through gravel roads west of a paved divided highway with two large power lines. Sycamore Canyon contains a prominent silicified breccia body that occurs primarily within Precambrian granite as well as several smaller parallel banded silica veins.

Sampling backed by certified assay certificates from reputable laboratories throughout the silicified breccia demonstrates values up to 31 gpt of gold and 458 gpt of silver. From 42 samples collected from within the silicified breccias, values up to 15.45 gpt of gold and 396 gpt of silver was collected with average values at 0.893 gpt of gold and 82 gpt of silver. Historic samples from prospect pits not on the main breccia zone contained up to 50 percent of lead and 74 opt of gold. The property also has strong vlf-em anomaly across the main breccia identified after the 2018 exploration plan.

Arizona Silver Exploration fully owns the Sycamore Canyon project after previously entering into a lease with the option to purchase. The company has completed staking of an additional 28 unpatented lode mining claims surrounding the core group of leased claims to protect possible extensions of the silicified breccia and future development sites in the surrounding area. The area has yet to be tested with a drill hole but the company plans to begin an initial eight-hole drilling program, with two holes to test the gold-silver bearing silicified breccia on four initial sections pending a permit.

Management Team

Mike Stark - President, CEO and Director

Mike Stark has over 35 years of business experience in the private sector as an owner and operator of two successful companies and 29 years in the public sector. Stark’s background includes corporate financing, investor relations, market support and corporate strategic development. Companies he has worked with in the past includes Exeter Resources and Extorre Resources.

Greg Hahn - VP Exploration and Director

Greg Hahn has over 35 years of experience in exploration and mine development. Hahn has held senior level management positions with several public mining companies. Hahn has taken projects from mine development to financing and through to production, including permitting, engineering, construction and operations.

Dong H. Shim - Chief Financial Officer and Corporate Secretary

Dong H. Shim is a member of the Chartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States. Shim has served as an audit partner on numerous audit engagements with a mid-size firm located in Vancouver, British Columbia, where he audited various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical and high-tech industries. As an audit partner, Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market.

Shim is currently the President of Golden Tree Capital Corp. and SHIM Accounting Corporation with a primary focus on business advisory, corporate consulting and regulatory filings both in the United States and Canada. In addition, Shim teaches accounting as an instructor at a local college in Vancouver and acts as a facilitator at CPA Western School of Business where he mentors CPA candidates enrolled in the CPA Professional Education Program.

Eugene (“Gene”) Spiering - Director

Eugene Spiering is an exploration geologist with over 30 years of international experience in mineral exploration and senior level project management in the Western United States, South America and Europe. As VP Exploration, he participated in the discovery and development of the El Valle and Carles gold mines, and the Aguablanca nickel mine in Spain, along with the discovery of 2 new uranium mineralized breccia pipes in Arizona. He was also responsible for the exploration and definition of two porphyry copper deposits near Yerington, Nevada.

Spiering is a consulting geologist and a Qualified Person (QP) as defined in the National Instrument 42-101. He is a registered member of the Society of Mining, Metallurgy, & Exploration (SME #4164070RM), a fellow member of Australasian Institute of Mining and Metallurgy (FAusIMM #222207) and served as SME 2015-2016 Henry Krumb Guest Lecturer. Spiering is on the Board of Southern Silver Exploration Corp, and acts as Chairman of the audit committee of (“SSV” on the TSX-V), a silver development project in Mexico.

David Vincent, BEng, Dip. FP - Director

David Vincent’s background includes consulting and investment banking, corporate advisory, corporate public relations and capital raising services within the resources sector. Vincent was a senior executive with BAE Systems, a global aerospace company, where he gained significant skills and experience in international business development, feasibility studies, market analysis, business planning, project financing, project management and marketing within the United Kingdom, the Middle East and Europe.

He is a professional engineer and commercial pilot with post graduate academic qualifications in management and financial services. Vincent was a senior commissioned officer (engineer and pilot) in the Royal Australian Air Force. He has worked throughout Europe, the Middle East, Africa and Asia for the last 20 years. He holds a Bachelor of Engineering with Distinction from RMIT, a Diploma in Administrative Studies, an Advanced Diploma in Aviation Studies and a Diploma in Financial Planning from Deakin University in Australia.

Brady Stiles - Director

Brady Stiles is an independent investor with a diverse entrepreneurial background. As co-Founder and CEO, he operated a US federal contracting corporation. During the Deep Horizon oil spill, he co-designed and developed a US patented oil spill containment and recovery system. Stiles served as a designer, crew chief and co-pilot for multiple General Motors Motorsport programs. His 20 years of real-estate experience includes land development and timberland management.

Yale Simpson - Advisor

Yale Simpson has a Bachelor of Applied Science in Geological Engineering from the University of British Columbia in Canada and is a professional geologist. Simpson has more than 30 years of experience as a senior geologist, exploration manager and CEO of companies involved in precious metals projects in Australia, Africa, Eastern Europe and South America. Those companies included Pennzoil Company, Chevron Exploration, Australmin Holdings, Argosy Gold Mines and Black Swan Gold Mines Ltd.

He was co-chairman of Extorre Gold Mines Ltd., a successful spinout from Exeter, which was bought by Yamana Gold Ltd. in 2012 and was co-chairman of Exeter until it was purchased by Goldcorp Inc. in 2017. His particular expertise is in strategic resource planning, financing and corporate communications. In addition to Adamera Minerals Corp., Simpson is currently a director of Rugby Mining Limited.

Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork System Including 2.38 Metres at 6.7 GPT Gold and 22.6 GPT Silver at Philadelphia Gold Project

Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork System Including 2.38 Metres at 6.7 GPT Gold and 22.6 GPT Silver at Philadelphia Gold Project

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - June 21 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce that drilling at the Philadelphia gold project, Mohave County, Arizona has again extended the dip extent of broad stockwork and  high grade vein gold-silver mineralization.  Assays have been returned for hole PC22-91 with assays for two holes awaited.

Core Hole PC-22-91 (Terminated in Mineralization)

Core hole PC-22-91 was a deep test of the Philadelphia vein system, drilling down dip of the high-grade vein encountered in core holes PC-22-86, PC-22-87, PC22-88, and in reverse circulation (RC) holes PRC21-81, PRC21-82, and PRC21-83. The hole successfully intersected the vein 60 metres down dip of PC-22-88.

Drilling has now defined high-grade mineralization over a dip length of +200 metres with the system open at depth. Furthermore, in PC-22-91 the lower grade (mostly footwall stockwork mineralization) extends over a thickness of 78.7 metres, from slightly above the high-grade vein to the bottom of the hole.  The grades and vein breccia textures were improving towards the bottom when the hole was lost at 252.1 metres due to unstable ground conditions. The hole had been designed to potentially continue in mineralization for a further 22 metres.

Details of the uncut drill length intercepts follow:

High grade vein interval : 176.59-178.96 metres, 2.38m, 6.71 gpt gold, 22.6 gpt silver

Total Mineralized Zone : 173.5-252.1 metres (end of hole): 78.7 m, 0.964 gpt gold, 9.20 gpt silver.


Mr. Greg Hahn, Vice President, Exploration commented, "
On the drill section containing hole PC-22-91 the vein continues uninterrupted for +200 metres down dip.  However, based on vein textures, clay mineralogy, and geochemistry we believe we are still above the heart of the boiling zone of the system where the highest grades would be anticipated. In due course deeper drilling is a high priority.

"We have drilled the vein and the adjacent lower grade stockwork mineralization from two drill pads located 300 metres apart with complete success. All holes on these sections intersected gold-silver mineralization as predicted. One of the two un-assayed drill holes (PC-22-92T) is an important confirmation of earlier RC drill holes that intersected +100 metres of mineralization. The second awaited hole (PC-22-93), is located 350 metres to the north of PC-22-91 and intersected good stockwork quartz mineralization. I look forward to drilling this northern extension of mineralization."

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

Program Going Forward

The Northern Extension

From the site of the deep drill hole reported in this release we have no drilling data northward but for recently completed hole PC-22-93 referenced above, other than an area of historic drilling. Click here for historic Meridian drill results. This open extension has both vein and stockwork mineralization over a width of 30-80. metres. Up to 26 RC drill holes (~5000 metres) have been designed to test a target area approximately 500 metres long north of drilling completed recently to a vertical depth of approximately 100 metres.

The Southern Gap

From the deep drill hole reported in this release we have no drilling to the south for a strike length of 300 metres. This southern gap is bounded to the south by an array of drill holes, including the confirmation drill hole PC-22-92T (results awaited ) mentioned above. Given that RC drilling on the northern gap is considerably more cost effective to perform than than the diamond drilling necessary for the southern gap, the RC program will be scheduled first. Rig availability is anticipated in the Fall.

In the meantime, we will compile the results of historic drilling north of the northern gap . That drilling returned potentially economic grade widths of stockwork mineralization in the vicinity of historic mining. Results will be reported.

QA/QC Program

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was 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 gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. 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 that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: 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 2022 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 2022 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 2022 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 .

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Arizona Silver Extends High Grade Zone at Philadelphia Project - Drills 2.26 Metres at 11.81 GPT Gold and 39.31 GPT Silver Within 31.01m at 2.38 GPT Gold, 10.58 GPT Silver

Arizona Silver Extends High Grade Zone at Philadelphia Project - Drills 2.26 Metres at 11.81 GPT Gold and 39.31 GPT Silver Within 31.01m at 2.38 GPT Gold, 10.58 GPT Silver

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - May 25, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce that drilling at the Philadelphia project, Mohave County, Arizona has extended the strike of high grade gold-silver mineralization.  Assays have been returned for two holes with two further holes in the assay laboratory.  Drilling is continuing.

Holes PC22-89 and PC22-90 (beneath the "shark fin")

These holes extend recently drilled high grade mineralization to the north under the "shark fin", a weakly mineralized breccia.  The two holes intersected the target as predicted, confirming the "boiling zone" model that guides our exploration. A high-grade vein was intersected 45 metres down-dip from the outcrop, with the deeper of the two drill holes yielding the best thickness and grade as anticipated.

PC22-90 (deeper hole)

  • High grade (hanging wall) vein: 93.84 to 96.10 metres downhole depth (2.26m) at 11.81 gpt gold, 39.31 gpt silver, within

  • High Grade Vein Interval: 91.68 to 99.70 metres (8.02m) at 7.50 gpt gold, 29.07 gpt silver, within

  • Total Mineralized Zone: 82.41 to 113.41 metres (31.01m) at 2.38 gpt gold, 10.58 gpt silver

PC22-89 (shallower hole)

  • High Grade HW Vein : 72.59 to 73.54 metres (0.95m) at 11.20 gpt gold, 27.88 gpt silver, within

  • Total Mineralized Zone: 60.67 to 81.71 metres (21.04m), 0.97gpt gold, 1.33 gpt silver

Mr. Greg Hahn, Vice President, Exploration commented, " All of the assayed holes in this program have intersected potentially economic grade mineralization.  The two new holes demonstrate how quickly the epithermal vein system changes with depth from no vein at the "shark fin", to a narrow vein 45 metres below the outcrop (PC22-89), to a thick vein interval 35 metres deeper (PC22-90). The vein continues to depth, with intercepts in holes PC22-88 and PC22-91 (with assays outstanding)."

"We followed these holes with PC22-91, a deep test below this mineralization. The rig then moved 300 metres to the south to drill PC22-92, a core drill twin of a previous reverse circulation drill hole. That hole has been completed with the drill rig now sited on PC22-93, 350 metres north of the "shark fin." Assays are awaited," continued Greg Hahn.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

Geologically, holes PC22-89 and PC22-90 tested the "shark fin," a calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the previous core holes but on a new azimuth of 325 degrees instead of 270 degrees. See Section 1.

Hole PC-91 tested down-dip of the holes reported here but was lost at 266 metres in mineralization. The zone started at 173 metres with abundant stockwork quartz in Tr2 breccia and quartz vein clasts, followed by the lower vein breccia.  The drill rods became interminably stuck at 266 metres in the lower vein breccia resulting in the hole being abandoned.  We plan to re-drill the hole at a later date from a different pad to complete the intercept in the footwall vein and to intersect the Arabian Fault.

The drill rig was moved to our southern access area located 300 meters to the south of the Section 1 holes reported above. The intervening 300 metre strike is undrilled to date pending road construction. A core hole, PC22-92 was drilled parallel to RC hole PRC21-85, which intersected 115.9 metres of 1.34 gpt gold and 5.78 gpt silver, our thickest drill intercept to date. The core twin is intended to provide a comparison of RC drilling results to core results where groundwater flow is present.

Lithologies compared quite favourably between the two drill holes. The presence of quartz in the footwall granite is readily explainable by a unique bi-lithic breccia consisting of quartz vein clasts and granite clasts below the stockwork quartz in Tr2 rhyolite, and by the continuation of stockwork quartz in the granite below the bi-lithic breccia. Both holes PC22-91 and PC22-92 are in the laboratory.

The drill is currently on hole PC22-93, located 350 meters north of the holes reported in this press release, drilling beneath a prominent hill of stockwork quartz in granite. The hole is currently down 54 metres, having intersected brecciated stockwork quartz in the Arabian Fault and in the footwall granite beginning at 27 metres depth. The hole is targeted for 180 metres, to test the full extent of the stockwork quartz system exposed on the hill.

There are no drill holes testing the 350 metre-strike length between this hole and the two holes reported in this release. Meridian Gold drilled the upper 30 metres of the hill in the early 1980s with good results, but they failed to test the down-dip potential due to right-of-way limitations at the time. Those issues were eliminated in the late 1990's when the highway was relocated.

QA/QC Program

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was 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 gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. 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 that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: 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 2022 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 2022 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 2022 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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The First Core Holes at the Philadelphia Gold Project Demonstrate the High-Grade Vein and Thick Stockwork Zone Continue Down Dip

The First Core Holes at the Philadelphia Gold Project Demonstrate the High-Grade Vein and Thick Stockwork Zone Continue Down Dip

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - April 19, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce assay results from the first three core holes at the Philadelphia project, Mohave County, Arizona.  As anticipated, all three holes intersected high grades similar to the shallower reverse circulation drill holes. Three additional holes are in process in the assay laboratory.  The drill will now move 300 metres along strike to the south.

Section 1 - Holes PC22-86 through PC22-88 and PC22-91

Results demonstrate the continuation of the high-grade upper ("hanging wall") vein down-dip from the previously reported reverse circulation (RC) drill holes. Similarly the stockwork mineralization below (footwall) to the HW vein continues.  Results are reported below.

PC22-86

  • High grade HW vein: 32.90 gpt gold, 97 gpt silver from 85.73-86.71 metres (0.98 m), within

  • High Grade Interval: 10.81 gpt gold, 41.41 gpt silver from 82.32-86.71 metres (4.39 m), within

  • Total Mineralized Zone: 1.31 gpt gold, 7.29 gpt silver from 68.29-118.29 metres (50.0m)

PC22-87

  • High Grade HW Vein: 16.25 gpt gold, 66.6 gpt silver from 99.39-100.37 metres (0.98 m), within

  • High Grade Interval: 6.02 gpt gold, 28.2 gpt silver from 96.49-100.37 metres (3.87 m), within

  • Total Mineralized Zone: 1.01 gpt gold, 6.5 gpt silver from 92.35-133.23 metres (40.9 m)

PC22-88

  • High Grade HW vein:  17.35 gpt gold, 46.6 gpt silver from 120.64-121.37 metres, (0.73 m), within

  • High Grade Interval: 8.7 gpt gold, 21.46 gpt silver from 119.36-121.37 metres (2.01 m), within

  • Total Mineralized Zone: 1.14 gpt gold, 4.97 gpt silver from 113.11-161.61 metres (48.5 m)

PC22-91

Assays are pending. Hole PC22-91 was drilled from the same pad as the holes reported above to test the down-dip continuation of the mineralization encountered in PC22-88. The hole was drilled after the two holes were completed on the Shark Fin target.

Mr. Greg Hahn, VP Exploration commented, " We drilled these holes to confirm grades from previous, shallower RC drill holes and to determine the continuity of mineralization to depth. We certainly accomplished that. Effectively we have doubled the down dip extent, with another unassayed hole (PC22-91) down dip from these holes being visually impressive. In that hole t he HW vein was intercepted where anticipated. In addition, an impressive and extensive zone of stockwork mineralization with some visible gold is present. The stockwork mineralization extends down to the total depth of the hole".

"I have included the HW vein in our calculation of the Total Mineralized Zone for each hole. I did this because of the vein's consistency and the fact that there is 40 to 50 metres of low-grade mineralization below it. It is far too early to talk about mining, however I have little doubt that the Philadelphia project has the signature of a bulk tonnage, open pitable target rather than merely a narrow vein underground mining scenario. This is supported by the+100 metre thick zone of mineralization we discovered to the south which will be drilled next", added Greg Hahn.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: www.arizonasilverexploration.com

Section 2 - The Shark Fin – Holes PC22-89 and PC22-90

Holes PC22-89 and PC22-90 tested the "Shark Fin", a prominent outcrop of calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the three core holes on Section 1 but on an oblique azimuth of 325 degrees, instead of 270 degrees. Assays are awaited. See News Release dated March 15, 2022.

The drill rig will move to the southern area located 300 meters to the south of Section 1 reported above.  There we will drill a fence of core holes as we did on Section 1, and parallel to RC hole PRC21-85, which intersected 115.9 metres of 1.34 gpt gold and 5.78 gpt silver, our thickest drill intercept reported to date. One of the core holes will be a twin of PRC21-85 to provide a comparison of RC drilling results to core results where groundwater flow is present.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

QA/QC Program

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the core is inventoried, photographed, sawed and, 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 gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. In addition to the Philadelphia project, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes for Carlin-type targets on its recently acquired Silverton gold-silver property. Drilling there will be scheduled as time and equipment allow.

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 2022 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 2022 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 2022 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Arizona Silver Completes Three More Core Holes at The Philadelphia Gold Project, Arizona

Arizona Silver Completes Three More Core Holes at The Philadelphia Gold Project, Arizona

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - March 15, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce it has completed three more core holes at the Philadelphia project, Mohave County, Arizona. This press release provides a geological summary of the latest holes. See the press release of February 15, 2022, for a summary discussion of the first two core holes.  To date three core holes have been delivered to the ALS laboratory for sample preparation and assaying. Two holes on the "shark fin" target will be delivered by the end of the week.

Greg Hahn, VP-Exploration states, "This press release is only to keep the market informed of our progress, so we can discuss the geology openly.  No assay results have been received to date. That said, the core drilling program is progressing very well. We are intersecting our target at anticipated depths and intervals on all holes. Geologically, the mineral system continues to appear stronger in the deeper holes. We will continue to chase the system down dip, particularly as the deepest (vertical) hole is only 219 metres below surface. The two core holes, PC22-89 and PC22-90, into the "shark fin" target is visually remarkable with respect to vein thickness and textures, however the strength of the mineral system will be defined by the assays."

Section 1 below shows 6 drill holes, 3 reverse circulation drill holes from 2021 (prefixed PRC), and 3 of the new and deeper core holes (PC). Two recently complete core holes, PC22-86 and PC22-87 have been described previously. Hole PC22-88 is deeper than both PC22-86 and PC22-87.

A summary of vertical drill hole PC22-88 is provided below.

From (m)

To (m)

Thickness (m)

Description

0

120.64

120.64

Tv-upper volcanics

120.64

123.78

3.14

QvBx- quartz vein breccia

123.78

163.29

39.51

Tr2qtz- rhyolite with stockwork quartz

163.29

164.97

1.68

CcBx- calcite matrix breccia

164.97

194.54

29.57

Tr2qtz-CcBx mixed breccia

194.54

197.10

2.56

Fault gouge

197.10

201.65

4.54

Tad- andesite dike

201.65

218.60

16.95

Ygr- Proterozoic granite

Thicknesses reported are drilled thickness. True thickness is roughly 50% of drilled thickness.


Click Image To View Full Size

The quartz vein breccia (QvBx) consists primarily of yellow-light green chalcedonic to crustiform and crenulated banded quartz. Tr2 rhyolite contains more stockwork quartz, including green and yellow quartz, than in any previous hole. The lower portion of the stockwork rhyolite also contains zones of calcite veining similar to what characterizes the calcite matrix breccia (CcBx), but across a wider zone and not in a discrete vein-like configuration as in previous holes on the drill section. In addition, the stockwork quartz bearing rhyolite is thicker in hole PC22-88 than in any previous hole. Together these characteristics imply the system is strengthening down-dip.

One more core hole will be drilled on this section to test the down-dip continuation of the mineral system below the intercept in hole PC22-88. Total thickness of the visually mineralized interval is 73.90 metres.

Section 2 below is oblique to Section 1.  It shows core holes PC22-89 and PC22-90 which tested the "shark fin", a prominent outcrop of calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the previous core holes but on a new azimuth of 325 degrees instead of 270 degrees.  The geology in the holes looks nothing like the "shark fin", located only 45 metres above the intercept. The holes contain a spectacularly banded yellow-green quartz and white quartz-calcite +/-adularia vein not seen at the surface and a much thinner calcite matrix breccia than is present at the surface. A summary of the drill holes follows.

Hole PC22-89 (-45 degrees)

From (m)

To (m)

Thickness (m)

Description

0.00

67.90

67.90

Tv upper volcanics

67.90

71.34

3.45

Tr2qtz-rhyolite with stockwork quartz

71.34

73.54

2.20

QvBx-quartz vein breccia

73.54

74.39

0.85

CcBx- calcite matrix breccia

74.39

74.79

0.40

Fault gouge

74.79

81.71

6.92

YgrQtz- granite with stockwork quartz

81.71

106.25

24.54

Ygr- granite

Thicknesses reported are drilled thickness. True thickness is roughly equal to drilled thickness.

Hole PC22-90 (-65 degrees)

From (m)

To (m)

Thickness (m)

0.00

33.84

33.84

Tv - upper volcanics

33.84

82.41

48.57

Tvcgl - conglomerate

82.41

83.17

0.76

QvBx quartz vein breccia

83.17

92.07

8.90

Tr2 - Rhyolite

92.07

101.43

9.36

QvBx quartz vein breccia

101.43

102.44

1.01

Tr2 - Rhyolite

102.44

102.74

0.30

Fault zone

102.74

112.80

10.06

YgrQtz granite with quartz stockwork

112.80

124.09

11.28

Ygr - granite

Thicknesses reported are drilled thickness. True thickness is roughly 87% of drilled thickness.


Click Image To View Full Size

Banding in the quartz vein breccia below the "shark fin" is much stronger than in any previous intercept of quartz vein breccia. Breccia textures show multiple periods of re-brecciation of vein material with subsequent quartz overgrowths on quartz vein clasts and possible "ginguro" rinds around clasts.  Stockwork quartz in granite is similar to that which is exposed in a mineralized hilltop 300 metres to the north, and similar to what was interested 300 metres to the south in last summer's RC drilling program. The overall thickness of the visually mineralized interval is 13.81 metres and 30.40 metres respectively, thinner than the deepest intercept in hole PR22-88, again suggesting that the mineral system is stronger with depth, or has been truncated near the surface.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

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. 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 that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: 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 2022 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 2022 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 2022 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Arizona Silver Completes First Two Core Holes at the Philadelphia Gold Project, Arizona

Arizona Silver Completes First Two Core Holes at the Philadelphia Gold Project, Arizona

(TheNewswire)

Arizona Silver Exploration Inc.

Vancouver, British Columbia TheNewswire - February 15, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce that it has completed the first two core holes at the Philadelphia project, Mohave County, Arizona.  Drilling commenced on January 28, 2022. The first hole is in the laboratory with the second hole to be submitted Friday.

Greg Hahn, VP-Exploration states, "From a visual perspective the new drilling is proceeding as anticipated. Intercepts are close to modelled depths and quartz vein breccia thicknesses remain strong.  The presence of visible gold in core in the hanging wall vein is encouraging but must be regarded with caution as to grade. That said, the model of the gold system in the "boiling zone" is holding up and as such I expect the zone will continue deeper."

Current drilling is at the north end of the Perry patented claim testing down dip of three previously drilled reverse circulation drill holes, PRC21-81 thru PRC21-83. The objective of the drilling is twofold: firstly, to determine the grade continuity down dip of previous mineralization, and secondly to recover drill core to compare with RC cuttings.

Earlier holes, PRC21-81 thru PRC21-83 reported two vein breccias separated by a diagnostic rhyolite dike that hosts quartz stockwork veining.  The upper (hanging wall) quartz vein breccia is higher grade than the lower (footwall) calcite-cemented vein breccia. The thickness and grade of the entire mineralized package was increasing with depth.  The upper vein breccia was up to 3 metres thick at 16.9 grams per tonne ("gpt") gold and 51.15 gpt silver. Stockwork mineralization up to 33.5 metres drill thickness was intersected in the mineralized rhyolite dike between the upper and lower vein breccias. The lower vein was characterized by black carbonate-cemented quartz vein and rhyolite fragments.

Current holes PC22-86 and PC22-87 intersected upper and lower vein breccia intercepts as predicted, 30 metres and 60 metres respectively below the earlier drill intercepts. The geology is continuous in both core holes, with the two vein breccias separated by quartz stockwork rhyolite.  A section of the geology to date is posted to the web site at https://arizonasilverexploration.com/philadelphia/ .

In holes PC22-86 and PC22-87 the upper vein breccia carries fine-grained visible gold. The vein breccia is characterized by yellow or green chalcedonic to crustiform quartz, occasionally banded, with clasts of vein and rhyolite within the vein breccia. The thickness of the upper vein breccia is 5.91 metres in the shallower hole, PC22-86 and 3.87 metres in the second hole, PC22-87.  Estimated true thickness of the upper vein breccia in the two holes is 4.85 metres and 2.74 metres respectively.

In holes PC21-86 and PC21-87 the lower vein breccia is 10.33 metres thick and 12.71 metres thick respectively. Estimated true thickness of the vein breccia is 8.5 metres and 9 metres respectively. Quartz in the lower vein is mostly white to gray, not green to yellow as in the upper vein breccia, and locally contains cockade and banded textures. The vein textures suggest the new drill hole intercepts are below the upper level of "boiling" as anticipated.

In the new drilling, the quartz stockwork rhyolite zone between the two vein breccias is 29 metres thick and 39.4 metres thick respectively.  The zone is getting both thicker and stronger with depth.  Some yellow and green quartz is evident in the stockwork zone reflecting a mixture of the quartz present in both the upper and lower vein breccias. Overall thickness of the strongly mineralized interval in the two holes is 45.27 metres, and 56.0 metres respectively. Estimated true thicknesses are 32.0 metres and 45.87 metres.

Two more drill holes are planned to follow the zone further down dip some 30 metres and 60 metres below PC21-87. Drilling is underway on hole PC21-88, but this hole will probably not be completed before February 17 th when the drill crew will break before resuming February 27 th .

See link to core photos on website:

https://arizonasilverexploration.com/philadelphia-slideshow/

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 through 2022 will be the Philadelphia gold property. On its recently acquired Silverton gold-silver property, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on Carlin-type targets.  Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: 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 2022 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.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Peter Krauth, editor of Silver Stock Investor, has a long-term silver price target of US$300 per ounce. But what does he see coming for the white metal in 2022?

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Krauth said he thinks a realistic move for silver this year would be "to at least US$25, or a little bit north of US$25."

In his opinion, industrial demand will create a key price floor, while investment demand will be less predictable.

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Fortuna reports results of Annual General Meeting and announces the appointment of an additional Director to the Board

Fortuna Silver Mines, Inc. (NYSE: FSM | TSX: FVI) hereby announces the voting results at the Company's annual general meeting held on June 27, 2022 and announces the appointment of an additional Director to the Board.

A total of 138,713,814 common shares were represented at the meeting, being 47.48 percent of the Company's issued and outstanding shares as at the record date. Shareholders voted in favor of all matters brought before the meeting including the appointment of auditors and the election of management's nominees as directors.

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Detailed results of the total shares voted at the AGSM are set out below.

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Denarius Announces Completion of the In-Fill Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain

Denarius Announces Completion of the In-Fill Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain

  • Drilling program confirms widths and grades of intersections from previous drilling campaigns.
  • Preliminary results from recently finalized geophysical surveys confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike in two zones to the east.

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today that it has received complete assays for thirty-one additional drill holes, mainly in-fill holes, totaling approximately 8,236 meters, from the ongoing surface diamond drilling program on its polymetallic Lomero-Poyatos Project in southern Spain. To date, Denarius has completed approximately 22,543 meters of drilling in 75 drill holes, including twinning of historical drill holes. The validation and in-fill phases, totaling 66 holes and representing 81% of the initial program, are now complete. There are three drill rigs onsite continuing with the resource expansion portion of the initial program. In addition to the diamond drilling, the Company has received preliminary results from the recently completed geophysical surveys that confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike to the east in two zones as previously announced based on discoveries made during field mapping.

The helicopter-borne time-domain electromagnetic ("TDEM" or "TEM") and ground-based gravimetric surveys were completed in mid-April and early May, respectively.

News Provided by GlobeNewswire via QuoteMedia

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