Arizona Silver Exploration – The Philadelphia Property

Oct 30, 2020

Summer 2020 Drill Program

Highest grades of gold, silver, and beryllium encountered to date in hole PC20-37, as follows:

33.56 grams/tonne (gpt) Au and 54.7 gpt Ag over 2.35 metres, within a thicker interval of 10.76 metres containing,
9.26 gpt Au , 79.8 gpt Ag, and 344 gpt Be beginning at a depth of 27.96 metres.

All five of the other core holes from the initial 2020 drilling program returned excellent gold and silver and beryllium values in the target vein adjacent to and down-dip from previously announced high-grade gold-silver drill results on the Philadelphia vein.

13.3 grams/tonne (gpt) Au and 179 gpt Ag over 1.5 metres, within a thicker interval of 9.3 metres containing,
3.3 gpt Au and 80.7 gpt Ag, beginning at a depth of 2.9 metres immediately below alluvium.
11.7 grams/tonne (gpt) Au and 212 gpt Ag over 0.76 metres, within a thicker interval of 5.6 metres containing,
3.5 gpt Au and 173 gpt Ag, beginning at a depth of 26.9 metres.

2019 Drill Program – Results from the Autumn Exploration Program Core drilling continues to intersect high grades of gold-silver mineralization along strike to the north from historic high-grade underground production on the Philadelphia vein as follows:

41.6 grams/tonne Au and 94.4 gpt Ag across 0.76 metres, from 10-10.76 metres,
23.47 grams/tonne Au and 97.2 gpt Ag over 2.3 metres, from 8.5-10.76 metres,
6.11 gpt Au and 81.9 gpt Ag from 4-17.4 metres,
followed by 1.12 gpt Au and 20.3 gpt Ag from 22.9- 32.9 metres,
total intercept of 3.97 gpt Au and 55.4 gpt Ag from 4-32.9 metres in core hole PC19-2T.
5.75 g/t Au and 54.2 gpt Ag over 1.2 metres in core hole PC19-7.
Target gold-silver mineralization was also intersected in the third core hole

https://ca.proactiveinvestors.com/companies/news/931592/arizona-silver-exploration-prepares-to-start-another-drill-program-at-philadelphia-931592.html

Arizona Silver Exploration acquires lease to historic Silverton property in Nevada

Silverton is near the old Silverton Mine property around 100 kilometres northeast of the town of Tonopah and consists of 77 claims totaling around 1,540 acres of land
Arizona Silver is leasing Silverton in exchange for US$70,000 in staged payments up until October 2022 and $25,000 annually thereafter
Arizona Silver Exploration (CVE:AZS) (OTMKTS:AZASF) is acquiring new ground near a historic mine in Nevada known as the Silverton property, it announced Wednesday.
Silverton, which is near the old Silverton Mine property around 100 kilometres northeast of the town of Tonopah, consists of 77 claims totaling around 1,540 acres of land.
The new project saw limited exploration since the early 1980s, when extensive rock chip sampling identified a large gold anomaly spanning nearly 2.5-by-3 kilometres that contained more than 100 parts per billion (ppb) gold
Previous operators sank a total of 66 holes on the property, most of which were focused a separate gold-silver anomaly. While some of these holes hit gold values over modest intervals, the veins within the volcanic rocks overlying the dolomitized limestone are not what Arizona Silver sees as the primary exploration opportunity at the Silverton property, it said in a release. The firm told shareholders it believes the dolomite breccias are the primary exploration opportunity.
“The Silverton property represents an excellent opportunity for Arizona Silver to expand and increase shareholder value, with a large property containing demonstrated, extensive gold distribution and a number of drill holes that can help guide further exploration,” CEO Mike Stark said in a statement.
“We welcome Silverton to our already strong portfolio of properties with fantastic opportunities and sizable material resources.”
The Vancouver-based firm also has the right to buy out the royalty interest completely for US$1.25 million and US$500,000 respectively. There is no annual work commitment.
Arizona Silver owns 100% of the previously producing Philadelphia property in Mohave County, Arizona, where past production ranged from 10 to 27 grams per tonne (g/t) gold with historic silver grades in the production shaft averaging 420 g/t silver.
The firm also boasts the Ramsey asset, which lies two hours west of the city of Phoenix, and saw historic high-grade production of 1,370 g/t of silver, and the Sycamore Canyon project, where 31 g/t gold and 553 g/t silver have been encountered at surface.