Core Drilling Commences At Philadelphia Gold Project

VANCOUVER – Arizona Silver Exploration Inc. reported core drilling has started on the Philadelphia gold project, Mohave County, Arizona. The objective is to further demonstrate the continuity and extent of both high grade and stockwork gold targets on the property. The drilling contract provides for a minimum of 3,000 meters (10,000 feet) of core drilling 12 hours/day, on a 20-day on, 10-day off schedule.

Drilling will commence at the north end of the Perry patented claim where drill holes PRC21-81 thru PRC21-83 intersected high grades in a hanging wall vein up to 3.3 meters thick at 16.9 grams per tonne (gpt) gold and 51.15 gpt silver. Stockwork mineralization up to 47.3 meters thick at 1.63 gpt gold and 7.74 gpt silver was intersected between the vein and a footwall calcite-cemented quartz vein breccia.

Four core holes will be drilled on one section line, immediately down dip from previous reverse circulation drill holes to test: 1) The down-dip continuation of the high-grade vein. 2) Mineralization in the hanging wall (above) of the high-grade vein intersected further to the south. 3) Stockwork mineralization footwall (below) to the high-grade vein. 4) Increasing gold content with depth in the calcite-cemented quartz vein breccia below previous gold-bearing intercepts.

The Shark Fin outcrops 50 meters north of the four holes described above on a patented claim named the Rising Fawn. The Shark Fin is interpreted to be the same footwall calcite-cemented quartz vein breccia as we will drill to the south. The feature will be tested by two angle holes collared from the first drill pad to the south.

Once the drilling at the north end of the Perry claim is completed the drill rig will move some 300 meters to the south end of the Perry claim to test the down-dip and immediate strike extensions of mineralization in that area. The untested area between these two targets is referred to as the “GAP” where drill roads must first be established.

Greg Hahn, VP Exploration, said “I am delighted to resume drilling on the property. This program is designed to demonstrate the real upside of the system, showing that we have continuity to depth and the potential to develop significant ounces. I expect some exciting results.”