Arizona Silver Exploration Inc. announces dril results from two core holes, PC22-93 and PC22-92T from the Philadelphia gold project, Mohave County, Arizona. Core hole PC22-93 was driled 350 metres north of the northernmost
core holes completed earlier in the program. This hole successful y extends the strike length of the mineral system drilled to date to +750 meters, with gaps in the drill pattern to be drilled as the next priority. Core Hole PC22-92T was intended to be a twin of reverse circulation hole PRC21-85 for quality control purposes. Unfortunately, it intersected a significant fault zone and suffered poor recoveries as a result. It also deviated from the intended azimuth by 20 degrees and therefore was not a valid twin. Core hole PC22-93 was drilled north of Arizona Silver's previously announced core holes. It tested below a prominent ridge on the Rising Fawn claim that had caught the attention of Meridian Gold in 1982. They drilled 14 shallow RC holes on the top of the ridge to test abundant gold-bearing quartz veins mostly in granite. As drill logs or geology are not available from that program, PC22-93 was drilled below the Meridian holes to provide a geological framework for the program. The hole successful y intersected good quartz vein mineralization in the upper portion of the hole. The interval 27.84 to 46.01 metres (18.17 metres) averaged 1.20 grams per tonne (gpt) gold and 13.31 gpt silver within a broader interval, 27.84 to 67.99 metres (40.15 metres) that averaged 0.78 gpt Au and 8.79 gpt Ag, in both rhyolite dike and footwall altered granite. The gold-silver mineralization was terminated by a clay rich fault zone. Below the fault was bar en propylitic granite. A single hole does not provide a handle on the orientation of this fault. Additional drilling is planned to test the quartz vein mineralization along strike both above and below the fault to expand the strike and dip of mineralization and to determine the geometry of the fault plane as a guide to deeper drilling. Core hole PC-22-92T was intended to be a twin of RC hole PRC21-85 which intersected 115.85 metres of 1.34 grams per tonne (gpt) Au and 5.79 gpt Ag. Core hole PC22-92T was set up about one metre away from the collar of RC hole -85 but deviated by about 20 degrees off azimuth to terminate about ten metres from the bottom of RC hole-85. Core hole PC22-92T intersected a zone of mineralization from 119.51-154.57 metres (35.05 metres) averaging 0.85 gpt gold and 5.27 gpt silver, including an upper vein intercept of 5.32 gpt gold and 13.7 gpt silver from 121.04-122.1 metres, all within a very broad zone from 50.91-188.41 metres (137.5 metres) averaging 0.41 gpt gold and 2.22 gpt silver, as defined by an outer cut-off of 0.2 gpt gold. The upper 71 metres of the intercept was in the hanging wall volcanics without any attendant quartz veining. The host lithologies in the core hole are identical to those encountered in RC hole PRC21-85 but all contacts
are approximately 30 meters deeper in the core hole than in the adjacent RC hole. This provides evidence for a steep fault separating the two holes. In fact the core hole appears to have gone down a fault zone, with many intervals of crushed and broken rock and poor to no recovery. As a result, company do not consider do hole PC22- 92T to be a fair "twin" of PRC21-85. Both dril hole intercepts are approximately true widths.