Arizona Silver Exploration Inc. announced drilling of three core holes, PC22-94, PC22-95 and PC22-96 on the Philadelphia gold project, Mohave County, Arizona. A core drill had become available from a nearby project enabling the Company to complete a short program before it was committed elsewhere. Core hole PC22-94 was drilled 50 metres north of the mineralized intercept encountered in hole PC22-90, which intersected 8.02 metres at 7.5 grams per tonne (gpt) gold (Au) and 29.07 gpt silver (Ag) within a total mineralized intercept of 31.0 metres at 2.38 gpt Au and 10.58 gpt Ag.

Hole PC22-94 intersected the mineralized zone high in the hole from 32 to 84 metres depth. The upper hanging wall vein breccia was intersected at 32.5 metres depth. Visible gold was present in the form of fine wires on fractures at a depth of 47.5 metres.

Core hole PC22-95 was drilled from the same pad as hole PC22-95 but oriented south to intersect the mineralized zone at a greater depth than in PC22-94 It intersected the target from 71 to 122 metres. The upperHW vein breccia was intersected at 84.1 metres depth and the lower footwall ("FW") vein breccia was intersected at 98.8 metres. The FW vein breccia was 6.1 metres thick and consisted primarily of yellow quartz clasts in a variably banded and bladed calcite matrix.

Minor visible gold was identified in some of the yellow quartz clasts. The balance of the mineralized intercept is composed of quartz and calcite stockwork in rhyolite breccia. Core hole PC22-96, a vertical hole, was collared 225 metres north of holes PC22-94 and PC22-95 to test the mineralized structure below a 1981 Meridian Gold reverse circulation drill hole.

The new hole intersected strong to intense stockwork quartz with minor calcite from 38.4 metres to 91.8 metres, mostly in rhyolite breccia. Abundant visible gold was identified in prominent green quartz veins from 81 metres to 83.5 metres in brecciated andesite. The three new holes test part of the Northern Extension of the portion of the mineralized system that has been our 2021-2022 priority.

The holes demonstrate the continuity of the mineral system, which remains open down dip and along strike to the north towards drilling completed in 2019 and 2020. That drilling was north of patented claims that weren't available for drilling until 2021-2022, a distance of over 500 metres. That part of the deposit is yet to be drilled.