Arizona Silver Exploration Inc. Reports on Q1 Drilling Results at the Ramsey Silver Project in La Paz County, Arizona
VANCOUVER, British Columbia, April 09, 2018 (GLOBE NEWSWIRE) -- Arizona Silver Exploration Inc. (the "Company") (TSX-V:AZS) announces results of the first quarter drilling program at its 100% 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 gpt | Ag 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.
ON BEHALF OF THE BOARD
ARIZONA SILVER EXPLORATION INC.
Greg Hahn, President and Chief Executive Officer
Contact: Mike Stark, Chairman and Director
Phone: 604-833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the TSX Venture Exchange has in no way passed upon the merits of the transactions herein.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release.