Arizona Silver Exploration Inc. announced that it has received final assays from core hole PC23-111 at the Philadelphia epithermal gold-silver project in Mohave County, Arizona. The drill hole was designed to test the down dip and easterly extension of vein and stockwork mineralization intersected some 30 metres away in the deepest previously hole. Core hole PC23-111 intersected 102.15 metres ("m") at 0.716 grams per tonne ("gpt") gold and 4.56 gpt silver from 182.30m to 284.45m.

The total interval includes three intercepts of brecciated vein as follows: 182.3m-185.5m (3.2m) at 6.2 gpt gold and 11.3 gpt silver., 230.6m-231.6m (1.0m) at 4.04 gpt gold and 9.2 gpt silver, and. 275.15m-281.64m (6.49m) at 1.91 gpt gold and 8.77 gpt silver. True thickness of the intercepts is approximately 50% of the drilled thickness.

See cross section below. The three veins are referenced as the HW vein, the intermediate vein, and the FW vein respectively. Readers should refer to the May 16, 2023 News Release for a complete geological description of this drill hole.