Arizona Silver drills 25 feet of 14.5 g/t Ag

Jun 2, 2020

2020-06-02 11:39 ET – News Release

Mr. Mike Stark reports

ARIZONA SILVER EXPLORATION PROVIDES EXPLORATION UPDATE

Arizona Silver Exploration Inc. has provided an update on its 100-per-cent-owned Philadelphia property.

Drilling Results

The Company completed 21 reverse circulation (“RC”) drill holes to date in 2020. Of the 21 holes 15 of the holes intersected the target vein and contained isolated visible gold grains up to 1.25 mm across in the vein and immediately footwall to the vein. Fire assays were conducted on all drill samples, returning values up to +3 gpt Au across a minimum sampling width of 5 feet. A summary of results are included below.

These numbers do not reflect the expectations based upon the presence of visible gold, so metallic screen analyses were performed on the samples of the vein containing visible gold. The results from metallic screen analyses did not vary appreciably from the results by fire assay. In an attempt to further evaluate the presence of coarse gold, and to address sampling issues attendant to coarse gold, the Company has made arrangements to evaluate an initial seven samples by total consumption metallurgical tests. Approximately 20 kilograms of each drill sample will be subject to gravity concentration, cyanidation bottle roll tests, and tail analyses, with all fractions analyzed and assay results combined to determine a calculated head grade of each sample interval.

                                                                               Recommended
Hole No.   From (ft.)  To (ft.)  Thick (ft.)  Au (gpt)  Ag (gpt)  Geology  VG     Met Test   
PRC20-17          230       245           15     0.185      4.40     Vein   x            
PRC20-18          230       265           35     0.463      5.40     Vein   x            
including         235       245           10     1.023      0.84     Vein   x            
PRC20-19          110       135           25     0.492     14.50     Vein   x            
PRC20-20                                                         no significant intercepts
PRC20-21          130       170           40     0.800      4.90     Vein   x            
including         135       140            5     3.103     16.20     Vein   x            x          
PRC20-22          100       125           25     0.779      4.70     Vein   x            
including         100       105            5     2.454      4.00     Vein   x            x          
PRC20-23          150       175           25     0.973      5.10     Vein   x            
including         150       160           10     1.454      2.70     Vein   x            x          
PRC20-24          100       110           10     0.594      2.80     Vein   x            
PRC20-25          320       325            5     0.341      1.20     Vein   x            
PRC20-26          385       395           10     0.910      4.10     Vein   x            x          
including         390       395            5     1.242      4.20     Vein   x            
PRC20-27          400       415           15     0.468      3.60     Vein   x            
including         400       405            5     1.021      3.80     Vein   x            x          

True thicknesses are approximately half the drilled intervals.

Meanwhile the Company drilled two holes down the dip of the vein and beneath the old underground workings where mining stopped at the 400 ft. level down the dip of the vein. Both holes intersected the vein, and we await complete assay results from these two holes.

In addition the Company will mobilize a core rig to 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 (please refer to news release – http://arizonasilverexploration.com/home-page/arizona-silver-exploration-inc-drilling-continues-to-intersect-silver-zone-at-ramsey-silver-project-la-paz- county-arizona/ ) 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.

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.

QA/QC Program for the 2020 Exploration Work

The Company maintains its own program of inserting Standard Reference material in the form of certified standards and blanks into the sampling stream, prior to being shipped to Skyline Laboratory’s sample preparation and analytical facility in Tucson, Arizona, in addition to the QA/QC protocols of provided by Skyline Labs. All standards and blanks returned values consistent with their certified values. Duplicate analyses are also performed on a regular basis and all duplicate analyses reconciled within analytical precision.

Greg Hahn, VP Exploration, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for supervising and reviewing the analytical procedures and results and reviewing the data contained in this press release.

We seek Safe Harbor.

http://arizonasilverexploration.com/