|
TheNewswire.ca (via TheNewswire) Vancouver, British Columbia - TheNewswire - February 16, 2021 - Arizona Silver Exploration Inc (TSXV:AZS) (OTC:AZASF) is pleased to report that it has signed a lease agreement with the owner of the Perry Patented Claim adjacent to our unpatented lode mining claims at the Philadelphia property. The Perry Patented Claim contains the continued southern strike extension of the Arabian Fault and the vein that hosted the Arabian Mine in the early 1900s. The vein is exposed for most of the entire 1250' length along the axis of the claim and contains several prospect pits and shallow mine workings along the outcrop expression of the vein, some with visible gold present at the surface. The vein has never been drilled within the boundaries of the Perry Patented Claim. Company lode mining claims lie adjacent to and further along strike to the south covering the continuation of the Arabian Fault and the associated vein south from the Perry Patented Claim for another 4500 feet of strike length. Road access is available on the claim immediately adjacent to the vein. Mapping and sampling along the axis of the vein will commence immediately. Drilling will commence once data are received and recorded and studied, and highest priority targets are identified. Terms of the lease call for an annual fixed lease payment that has already been made, with unrestricted access to test, sample, and drill. "Patented property provides easier access to drilling without the requirement of permitting with federal agencies. This agreement is the culmination of two years of negotiations and adds substantial drill targets to increase overall value to the Philadelphia property", stated Mike Stark, CEO. Qualified Person Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release. About Arizona Silver Exploration Inc. Arizona Silver is a young exploration company focused on exploring underexplored gold-silver properties in western Arizona and now Nevada. The Company plans to continue to drill test the Ramsey Silver Mine property located a short distance east of Quartzsite, Arizona as time allows. The Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial eight exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets. Drilling there will be scheduled as time and equipment allow. Please refer to our web site for all news and updated property information. www.arizonasilverexploration.com On behalf of the Board of Directors: ARIZONA SILVER EXPLORATION INC. Mike Stark, President and CEO, 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. |