VANCOUVER, British Columbia, May 09, 2018 (GLOBE NEWSWIRE) -- Arizona Silver Exploration Inc. (the "Company" or “Arizona Silver”) (TSX-V:AZS) (AZASF, Financial) is pleased to announce the results of its rock chip sampling on the Sycamore Canyon gold-silver epithermal property located in Graham County, Arizona.
Sampling in and surrounding the target silicified breccias has expanded the gold-silver target at Sycamore Canyon, to twice its previous width.
Highlights include:
- Values up to 15.45 gpt (0.45 opt) Au, and 396 gpt (11.55 opt) Ag, which was collected from a 1-metre wide channel in a prospect pit, from a total of 42 samples collected from within the silicified breccias.
- An average value of 0.893 gpt (0.025 opt) Au, and 82 gpt (2.34 opt) Ag, from these 42 samples.
- Highest gold and silver values occur at southern end of the outcrop area, where shallow alluvium covers the extension as it dips beneath cover. Previously released geophysical results suggest the mineralized breccia target continues for at least 200 metres south of the high-grade sample in the last outcrop.
"We are very pleased with current results showing Sycamore Canyon is expanding. The Company is pursuing permits for access roads and drill pad locations, and is currently conducting additional sampling on the property. We look forward to very busy times ahead," stated Mike Stark, Chairman.
A total of 73 samples that pre-date Arizona Silver define the gold and silver-bearing breccias with average values of 0.926 gpt (0.027 opt) Au, and 84.34 gpt (2.46 opt) Ag, with values up to 31 gpt (0.90 opt) Au, and 458 gpt (13.36 opt) Ag. We now have 115 samples from within the silicified breccia zones with approximately the same average gold and silver content as the original 31 samples reported in the March 28, 2018 press release. (March 28, 2018 press release http://arizonasilverexploration.com/home-page/arizona-silver-acquires-new-gold-silver-exploration-property-in-southeastern-arizona/)
The outline of the gold and silver anomalous samples at the south breccia zone has expanded in places to twice the width, or +100 metres in places. Arizona Silver completed channel and rock sampling both within the silicified breccia target area and in silicified granite outside of the silicified breccias as defined by outcrop and previous channel and rock chip sampling. Samples are mostly from channels 0.5-5 metres in length, but some are grab samples to evaluate specific rock or alteration types. Grab samples are not representative of the mineralization hosted on the property. The Company has received results from 98 samples collected across the property. Roughly half of the samples were from within and immediately peripheral to the silicified breccias, and the other half of the samples were from elsewhere on the property. A map showing all sample locations and relative strengths of gold and silver values in the immediate vicinity of the south breccia target has been posted to the website at www.arizonasilverexploration.com.
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.
Please refer to our web site for all news and updated 2018 drill campaign locations. www.arizonasilverexploration.com.
On behalf of the Board of Directors:
ARIZONA SILVER EXPLORATION INC.
Greg Hahn, President and CEO
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.
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, and 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.
