Arizona Silver Completes the First Exploration Work at Its New Sycamore Canyon Gold-Silver Project Graham County, Arizona
16 Avril 2018 - 7:29PM
Arizona Silver Exploration Inc.
(the "Company") (TSX-V:AZS) is pleased to announce
today the results of the initial geophysical surveying at its 100%
owned Sycamore Canyon gold-silver property located in Graham
County, Arizona.
VLF-EM Surveying
Arizona Silver Exploration Inc. completed eleven
kilometres of VLF-EM survey lines across the prime gold-silver
bearing breccia and silicified zone in the heart of the property.
The survey grid covers an area 600 metres long by 500 metres wide,
with geophysical lines on 25-metre spacing and stations every 10
metres. Notably, the survey detected the main target zone from one
end of the grid to the other, and clearly shows the target extends
beyond the limits of the initial grid. The main target is between
50-100 metres wide where exposed intermittently in outcrop, and
appears to split into two sub-parallel anomalies 100 metres wide in
aggregate at the southern end of the grid where the target is
covered by shallow(?) alluvium. In addition to defining the
geometry of the prime target area and the open extensions of this
target to both the north and south of the initial grid area, the
survey identifies several parallel but weaker structures that could
represent additional targets within the grid area. A map of
the initial geophysical results will be posted to the web site at
www.arizonasilverexploration.com.
Rock Chip Sampling
The Company has also completed rock chip
sampling across the geophysical grid area and has submitted 98 rock
samples to ALS Minerals’ sample preparation facility in Tucson for
multi-element ICP analyses and AA gold analyses. The objective of
the sampling exercise is to be able to identify the visual geologic
features that correlate with elevated gold and silver analyses.
Historic rock sampling on the property by the underlying owners
detected gold and silver values up to 31 gpt (0.9 opt) Au and 458
gpt (13.34 opt) Ag, but the descriptions of those samples are
inadequate to correlate precious metal values with discernible
geology. Earlier historic sampling on the property reported in 1962
and discovered in a report in the Arizona Geological Survey
archives identified values of up to 50% Pb and 73.9 opt Ag from
samples with fine-grained disseminated galena from a small mine
dump along the main breccia target area to 0.25% Cu and 1.95 opt Ag
from samples with no apparent sulfides present. The results of our
recent sampling exercise will be reported when received. A
broad soil geochemical survey may be planned, based upon the
results of the rock chip geochemistry and the extent of
mineralization identified by the rock geochemistry. Outcrop
is sparse in the area of the prime breccia and silicified target,
but soils appear to be dominantly residual with outcrop probably
present at shallow depths.
CEO Comment
Greg Hahn, President and CEO said “We were
particularly attracted to the Sycamore Canyon property because the
geology has some similarities to the upper portions of gold-silver
ores from the Comstock lode in Nevada. At Comstock, the upper
portions of the precious metal lodes were characterized by
brecciated quartz veins and encasing silicified wallrock with
erratic to absent precious metal and base metal values. Many
of the high-grade lodes discovered by underground drifting had no
visible manifestation either at the surface or vertically above the
high-grade stopes when intersected by subsequent exploration drill
holes looking for up-dip extensions. We believe we may be at
the very top of the level where precious metals and base metals
were precipitated from solutions at Sycamore Canyon. The
prime target on the property has never been drilled and we look
forward to being able to drill this target area later this
year.”
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.
ON BEHALF OF THE BOARD
ARIZONA SILVER EXPLORATION
INC.
Greg Hahn, President and Chief Executive Officer Contact: Mike
Stark, Chairman and Director Phone: (604)833-4278
www.arizonasilverexploration.com
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, and the TSX Venture
Exchange has in no way passed upon the merits of the transactions
herein.
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