Arizona Silver Exploration Inc. announced that it has concluded the initial round of core drilling on the Ramsey Mine silver project located in La Paz County, Arizona, about 2 hours west of Phoenix. The company drilled five exploration holes on patented claims peripheral to the old mine workings of the Ramsey Mine. Core from all five holes was picked up at the Company's core storage unit in Quartzsite, Arizona by ALS Minerals personnel and delivered to the ALS Minerals laboratory in Tucson, Arizona, under strict chain of custody. A total of 1,700 feet of core in two fences of holes were drilled in this Phase 1 drilling program. One fence of holes tested the southern end of the old Ramsey Mine workings which mined a high-grade silver vein from the surface down to the 529 (ft) Level, and the other fence of holes tested the northern end of the old Ramsey mined out area. Drilling from surface was intended to test the width of the low- grade envelope surrounding the high-grade vein. Only three holes tested the target. One hole intersected an undocumented working where the high-grade vein was anticipated, and drilling could not proceed beyond the working. Another hole encountered extremely broken rock in the vicinity of the target, where the drill rods became stuck and the drill string twisted off 100 feet above bottom, and the hole had to be abandoned in the target zone. All five holes penetrated 10-30 meters of alluvium before entering bedrock. Drilling simultaneously tested the ground magnetic anomaly that is coincident with the old Ramsey Mine workings, in order to understand the source of the magnetic anomaly and to be able to better interpret the much larger (500-meter diameter) ground magnetic anomaly to the north. There is a distinct hydrothermal magnetite zone in the volcanic rocks above the silver target zone in all five holes, explaining the source of the magnetic anomaly and reinforcing the significance of the larger magnetic anomaly to the north. Magnetic pyrrhotite is also present in the volcanic rocks above the silver target zone.