Arizona Silver drills 51.83 m of 19.4 g/t Ag at Ramsey

Apr 9, 2018

2018-04-09 08:06 ET – News Release

Mr. Greg Hahn reports

ARIZONA SILVER EXPLORATION INC. REPORTS ON Q1 DRILLING RESULTS AT THE RAMSEY SILVER PROJECT IN LA PAZ COUNTY, ARIZONA

Arizona Silver Exploration Inc. has released results of the first quarter drilling program at its 100-per-cent-owned Ramsey silver project located in La Paz county, Arizona.

Q1 2018 Drilling Results

Arizona Silver Exploration Inc. completed seven reverse circulation (RC) exploration drill holes at its Ramsey Silver Project in February and March, 2018. All holes intersected intervals of mineralization within a package of altered rhyolite and quartz latite peripheral to higher grade mineralized intervals reported previously. Assay results are summarized in the table below. “The seventh hole was drilled at an angle to the northwest to test the potential northward strike extension to the Ramsey Mine silver system, and also appears to have intersected the low-grade margin of the higher-grade silver system,” stated Greg Hahn, President and CEO. These holes all appear to represent the true thickness of the mineral system at these locations.

Ramsey Silver Project                                 
Summary Drill Results                                 
2018 Phase 1 Program                                  
                                                      
Hole   From (ft)To (ft)Thick (ft)Thick (m)Ag gptAg opt
R1801  570      585    15        4.57     18.6  0.54  
R1802  440      500    60        18.29    15.5  0.45  
R1803  370      485    115       35.06    16.3  0.48  
R1804  335      505    170       51.83    19.4  0.57  
R1805  385      435    50        15.24    15.3  0.45  
R1806  445      470    25        7.62     25.7  0.75  
R1807  510      590    80        24.39    18.6  0.54  
                                                      
AVERAGE                73.6      22.43    18.0  0.53

Subsequent targets

A zone southeast of the Ramsey Mine is characterized by surface samples with elevated Ag-Pb-Zn-Ba geochemistry within which the Creosote Vein is located. This zone remains to be tested with drilling. The Creosote Vein had limited historic production of ~10 opt Ag. Sampling by Arizona Silver returned values of up to 877 gpt Ag in outcrops of what might be the extension to the Creosote Vein. A similar-sized area north of the Creosote Vein contains a strong Ag-Pb-Zn-Ba surface geochemical anomaly associated with strong argillic and silicic alteration and brecciated rhyolite (see April 18, 2017 news release http://arizonasilverexploration.com/home-page/arizona-silver-exploration-inc-assays-up-to-877-grams-per-tonne-silver-at-ramsey-silver-project-la-paz-county-arizona/ ). Drilling beyond the geochemical anomaly locations will penetrate alluvial cover, which is prominent to the east and north of the areas around the Creosote Vein. Ten additional holes have been permitted and are tentatively planned for Q2 2018 to test the areas featuring the surface geochemical anomalies. Please visit the Company’s website for drill hole locations and drilling program updates: www.arizonasilverexploration.com.

QA/QC and Analytical Procedures

All drill cuttings were transported under strict chain of custody by ALS Minerals personnel to the ALS Minerals laboratory in Tucson, Arizona, where samples were dried and crushed to 70% passing 2 mm, a 250 gram split is taken and pulverized to 85% passing 75 microns, subject to a four-acid digestion, and then analyzed by ICP/MS for a 48-element package including silver, lead, and zinc. Samples over 100 ppm silver and over 10,000 ppm lead or zinc are re-analyzed using ICP for higher concentration levels. Selected intervals with high silver values will be re-submitted for 1-assay ton fire assays for gold.

Greg Hahn, President and CEO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the data contained in this press release.

We seek Safe Harbor.

http://arizonasilverexploration.com/news-releases/