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    AZS   CA0405821087

ARIZONA SILVER EXPLORATION INC.

(AZS)
Delayed Bourse de Toronto  -  03:39 2022-09-30 pm EDT
0.2550 CAD   +13.33%
08/18Arizona Silver Exploration Inc. Announces Resignation of Mr. David Vincent from Board of Directors
CI
08/18Arizona Silver Exploration Announces AGM Results
AQ
08/10Arizona Silver Exploration Reports New Drill Results from Core Drilling at the Philadelphia Gold Project
AQ
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Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork System Together with 2.38 Metres at 6.7 GPT Gold and 22.6 GPT Silver at Philadelphia Gold Mission

06/22/2022 | 10:07am EDT

Vancouver - Arizona Silver Exploration Inc. (TSXV: AZS) (OTC: AZASF) is pleased to announce that drilling at the Philadelphia gold project, Mohave County, Arizona has again extended the dip extent of broad stockwork and high grade vein gold-silver mineralization.

Assays have been returned for hole PC22-91 with assays for two holes awaited.

Core Hole PC-22-91 (Terminated in Mineralization)

Core hole PC-22-91 was a deep test of the Philadelphia vein system, drilling down dip of the high-grade vein encountered in core holes PC-22-86, PC-22-87, PC22-88, and in reverse circulation (RC) holes PRC21-81, PRC21-82, and PRC21-83. The hole successfully intersected the vein 60 metres down dip of PC-22-88.

Drilling has now defined high-grade mineralization over a dip length of +200 metres with the system open at depth. Furthermore, in PC-22-91 the lower grade (mostly footwall stockwork mineralization) extends over a thickness of 78.7 metres, from slightly above the high-grade vein to the bottom of the hole. The grades and vein breccia textures were improving towards the bottom when the hole was lost at 252.1 metres due to unstable ground conditions. The hole had been designed to potentially continue in mineralization for a further 22 metres.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. The company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Contact:

Mike Stark

Tel: (604) 833-4278

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 2022 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 2022 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 2022 programs would proceed 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.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about ARIZONA SILVER EXPLORATION INC.
08/18Arizona Silver Exploration Inc. Announces Resignation of Mr. David Vincent from Board o..
CI
08/18Arizona Silver Exploration Announces AGM Results
AQ
08/10Arizona Silver Exploration Reports New Drill Results from Core Drilling at the Philadel..
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08/09Arizona Silver Exploration Inc. Announces Drill Results from Two Core Holes, Pc22-93 an..
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08/09Arizona Silver Reports New Drill Results from Core Drilling at the Philadelphia Gold Pr..
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07/29Arizona Silver Exploration Inc. Reports Earnings Results for the Third Quarter and Nine..
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06/22Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork Syst..
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06/21Arizona Silver Exploration Inc. Announces Drilling at Philadelphia Gold Project
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06/21Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork Syst..
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05/26Arizona silver extends high grade zone at philadelphia project, drills 2.26 metres at 1..
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Financials
Sales 2021 - - -
Net income 2021 -0,46 M -0,33 M -0,33 M
Net cash 2021 0,59 M 0,43 M 0,43 M
P/E ratio 2021 -23,9x
Yield 2021 -
Capitalization 16,4 M 12,0 M 12,0 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 73,5%
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Managers and Directors
Michael Stark Chairman, President & Chief Executive Officer
Dong H. Shim Chief Financial Officer & Secretary
David John Vincent Independent Director
Eugene D. Spiering Independent Director
Gregory A. Hahn Director & Vice President-Exploration
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