Intersections At The Philadelphia Gold Project

VANCOUVER - Arizona Silver Exploration Inc. reported 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 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 meters down dip of PC-22-88.

Drilling has now defined high-grade mineralization over a dip length of +200 meters 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 meters, 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 meters due to unstable ground conditions. The hole had been designed to potentially continue in mineralization for a further 22 meters.

Greg Hahn, Vice President, Exploration, said, ”On the drill section containing hole PC-22-91the vein continues uninterrupted for  200 meters down dip.  However, based on vein textures, clay mineralogy, and geochemistry we believe we are still above the heart of the boiling zone of the system where the highest grades would be anticipated. In due course deeper drilling is a high priority. We have drilled the vein and the adjacent lower grade stockwork mineralization from two drill pads located 300 meters apart with complete success. All holes on these sections intersected gold-silver mineralization as predicted. One of the two un-assayed drill holes (PC-22-92T) is an important confirmation of earlier RC drill holes that intersected +100 meters of mineralization. The second awaited hole (PC-22-93), is located 350 meters to the north of PC-22-91 and intersected good stockwork quartz mineralization. I look forward to drilling this northern extension of mineralization.”