Arizona Silver samples 1.2g/t Au, 156g/t Ag at Sycamore

Jun 5, 2018

2018-06-05 11:27 ET – News Release

Mr. Greg Hahn reports

ARIZONA SILVER ANNOUNCES SAMPLING CONTINUES TO WIDEN TARGET ZONE AT SYCAMORE CANYON GOLD-SILVER PROJECT AND ANNOUNCES A PRIVATE PLACEMENT

Arizona Silver Exploration Inc. has released the results of its continuing rock chip sampling on the Sycamore Canyon gold-silver epithermal property located in Graham county, Arizona.

Sampling surrounding the south silicified breccia has added to the width of the gold-silver target at Sycamore Canyon.

Highlights include:

Five samples from outside the breccia zone returned values greater than 0.1 gpt Au with a high of 1.2 gpt Au.
Eight of 52 samples returned values in excess of 30 grams per tonne (gpt) Ag, with a high of 156 gpt Ag, while another 6 samples returned values between 10-30 gpt Ag.

These samples are all from outside of the silicified breccias and primarily in silicified granite containing stockwork quartz veining. Most of the sampling was done in residual rocky soils by aggregating rocks from within a 5-metre area on a 25-metre grid where there is no outcrop. As such they are not in-situ samples. However, the presence of stockwork and quartz-veined silicified granite in the residual soils suggests bedrock is not far below the surface, and the presence of a silver-mineralized halo around the stronger gold and silver mineralized silicified breccias which are exposed central to the zone of silicified granite with stockwork quartz.

Mike Stark, Chairman, said, “We are very pleased with these most recent results, which exceed our expectations. The results demonstrate Sycamore Canyon has even greater potential than previously thought. These surface results bode well for a targeted drill program, which we are actively planning now for the near term.”

The Company has applied for a 10-year right of way to upgrade and maintain commercial access across State of Arizona lands to the Sycamore Canyon property and has submitted a Plan of Operations to the US Forest Service for an initial drilling program on the north breccia zone along existing road access.

The outline of the gold and silver anomalous samples at the south breccia zone has expanded in places to a width of over 100 metres, and is consistently greater than 50 metres wide. Maps of contoured gold and silver values and VLF-EM pseudo-sections have been posted to the website via these direct links:

VLF-EM survey results

Gold and Silver Grade Contours

SC Drill Hole Planning

Private Placement

Additionally, Arizona Silver Exploration is pleased to announce a non-brokered private placement up to 3.4 million shares at a price of 13 cents per share for gross proceeds of up to $442,000. No warrants are being issued with this financing. Management and Directors are participating for a minimum of $60,000 of the placement.

All securities will be subject to a four-month hold period from the closing date. The private placement is subject to TSX Venture Exchange approval.

QA/QC and Analytical Procedures

All rock samples were transported under strict chain of custody to the ALS Minerals sample preparation facility in Tucson, Arizona. Each sample was 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 33-element package including silver, lead, zinc, and copper, and for atomic absorption gold analyses. Samples over 100 ppm silver and over 10,000 ppm lead, zinc, or copper are re-analyzed using ICP for higher concentration levels. Samples over 10 ppm Au are re-assayed using 1-assay ton fire assay methods. 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.

Greg Hahn, President and CEO

Contact: Mike Stark, Chairman and Director

We seek Safe Harbor.

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