Arizona receives OK for 24 drill holes at Philadelphia

Jul 8, 2019

2019-07-08 11:11 ET – News Release

Mr. Mike Stark reports

PERMITS RECEIVED FOR DRILLING THE NEXT 24 HOLES AT THE PHILADELPHIA GOLD-SILVER PROJECT IN MOHAVE COUNTY, ARIZONA; OPTIONS GRANTED

Arizona Silver Exploration Inc. has received approval of its amended notice of intent from the U.S. Bureau of Land Management and from the Arizona Department of Water Resources for the drilling of the next 24 drill holes at the Philadelphia gold-silver project in Mohave county, Arizona. The incremental bond amount to cover the additional drilling has been posted. Drilling is expected to begin in July.

The planned 24-hole program will cover the northward strike extension along 500 feet (150 metres) of strike and 300 feet (100 metres) of shallow dip extensions to the high-grade vein intercept in drill hole PRC19-2, which intersected 10 feet grading 0.46 ounce per ton gold and 2.62 ounces per ton silver (3.05 metres grading 15.8 grams per tonne Au and 89.8 g/t Ag) from 25 feet to 35 feet (7.6 m to 10.7 m) down the hole.

Also, the company has issued 1.05 million options to directors, management and a consultant to purchase 1.05 million common shares with a strike price of 12 cents and a maturity date five years from the date of issue.

Greg Hahn, vice-president of exploration and a certified professional geologist (No. 7122), is the qualified person under National Instrument 43-101 responsible for preparing and reviewing the data contained in this press release.

We seek Safe Harbor.

http://arizonasilverexploration.com/