Geophysical Survey At Philadelphia Gold-Silver Project Identifies Large Drill Target Below Flow Dome

VANCOUVER – Arizona Silver Exploration Inc. reported on a test CSAMT survey on the Philadelphia gold-silver project, Arizona.  The survey identified a large low resistivity layer at a depth of 100-200 meters below the top of a hydrothermally altered flow dome complex. The layer is potentially a mineralized body that extends for +500 meters east of existing mineralized drill holes.

Greg Hahn, VP Exploration, said, “Building ounces in a low sulfidation epithermal system takes a lot of drilling if the target is simply the veins themselves.  Grades in the veins can be spectacular but a gold inventory that includes low grade disseminated style mineralization is potentially a big win. We have intersected considerable widths of low-grade material on the flanks of the flow dome. This survey indicates an extensive target lies below the flow dome hill.“

The company’s geologic model had predicted a gold target area beneath the altered flow dome and immediately below a “clay cap” identified by hyperspectral analyses of core hole PC22-88, located on the flank of the altered flow dome. The CSAMT anomaly represents a sizable bulk mining target to the east of our drill holes.

The large low resistivity layer lies at a depth between 100-200 meters beneath the top of the flow dome and extends for +500 meters east of our fence of drill holes.  This west end of this target (the Red Hills Target) can be readily tested from drill pads on the patented claims.  The heart of the Red Hills target can be drilled from pads currently being permitting with the US BLM under a Plan of Operations (POO).

It should be noted that there appears to be a prominent “feeder zone” on the west side of the low resistivity anomaly. Drill hole PC22-91, the easternmost hole on the above section, intersected a prominent hydrothermal breccia immediately before the hole was lost when the rods became stuck.  This breccia could be the outer portion of the “feeder zone”. This last box of drill core assays 2 gpt gold.  The objective going forward is to drill the low resistivity layer and the interpreted “feeder zone” from the BLM pads currently being permitted once permits are received.