Arizona Silver Exploration Inc. announced very positive results from re-assays by the metallic screen procedure on selected drill hole intervals on the Philadelphia epithermal gold project. The highest-grade interval to be re-assayed showed the largest grade increase, 42.2% (51 gpt to 72.5 gpt) gold. A total of 24 samples of both high and low-grade material were re-assayed if they contained visible gold.

The samples were all from the spring 2023 reverse circulation ("RC") drilling campaign. Re-assaying of samples with coarse gold is a normal industry practice to gauge if grades are being underestimated simply because a standard 30-gram sample for fire assay can miss coarse gold that might not be represented in a 30-gram split. Re-assaying on 24 samples is considered statistically meaningful as assayed both higher and lower grade material.

For all 24 samples the average grade increased by 25.9%.