(via TheNewswire)
HIGHLIGHTS:
In late March the Company completed a combined helicopter-borne magnetotelluric (”MT”) and magnetic survey flown over the entire property
Rock chip gold samples above 100 ppb across an area 2.5 kilometers by 3 kilometers
Locally strong stibnite-quartz-gold veins in volcanics above the target limestone/dolomite section
2-year extension obtained on drilling permit (Notice of Intent) with the BLM
Carlin-Type Gold Target at
The
Extensive low-grade gold-bearing jasperoid replacement deposits occur primarily at the contact between the carbonates and the overlying volcanics. Jasperoids also occur in the carbonates and volcanics along faults, fractures, and bedding planes. Veins of quartz containing variable amounts of gold, silver and antimony (stibnite) and barite within the overlying volcanics were the primary focus of shallow historic exploration drilling in the late 1980s to early 2000s. No serious exploration has been done to test the altered carbonate package containing the bulk of the gold and trace metal anomalies, or in the carbonates beneath the swarm of quartz-antimony-gold veins. Models of, and data from, deep
A Masters Thesis at the
Helicopter-borne
The company contracted
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Drill Permit Extension
The Company submitted a request to extend the drilling permit for the property (approved and bonded Notice of Intent (NOI)) for two years. The extension was received
The Company will now seek a joint venture or strategic relationship with a large mining or exploration company with expertise in epithermal or carbonate-hosted gold deposits to drill test the property.
Qualified Person
About
Arizona Silver is a young exploration company focused on exploring gold-silver properties in western
On behalf of the Board of Directors:
Phone: (604) 833-4278
Neither the
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2023 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2023 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2023 programs wouldproceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
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