Arizona Silver Intercepts 78.7 Metres at 1.0 GPT Gold, 9.2 GPT Silver in Stockwork System Including 2.38 Metres at 6.7 GPT Gold and 22.6 GPT Silver at Philadelphia Gold Project

2022-06-25 01:57:20 By : Ms. Echo Zhang

Vancouver, British Columbia TheNewswire - June 21 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce 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 (Terminated in Mineralization)

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 metres down dip of PC-22-88.

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

Details of the uncut drill length intercepts follow:

High grade vein interval : 176.59-178.96 metres, 2.38m, 6.71 gpt gold, 22.6 gpt silver

Total Mineralized Zone : 173.5-252.1 metres (end of hole): 78.7 m, 0.964 gpt gold, 9.20 gpt silver.

Mr. Greg Hahn, Vice President, Exploration commented, " On the drill section containing hole PC-22-91 the vein continues uninterrupted for +200 metres 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 metres 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 metres of mineralization. The second awaited hole (PC-22-93), is located 350 metres to the north of PC-22-91 and intersected good stockwork quartz mineralization. I look forward to drilling this northern extension of mineralization."

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

From the site of the deep drill hole reported in this release we have no drilling data northward but for recently completed hole PC-22-93 referenced above, other than an area of historic drilling. Click here for historic Meridian drill results. This open extension has both vein and stockwork mineralization over a width of 30-80. metres. Up to 26 RC drill holes (~5000 metres) have been designed to test a target area approximately 500 metres long north of drilling completed recently to a vertical depth of approximately 100 metres.

From the deep drill hole reported in this release we have no drilling to the south for a strike length of 300 metres. This southern gap is bounded to the south by an array of drill holes, including the confirmation drill hole PC-22-92T (results awaited ) mentioned above. Given that RC drilling on the northern gap is considerably more cost effective to perform than than the diamond drilling necessary for the southern gap, the RC program will be scheduled first. Rig availability is anticipated in the Fall.

In the meantime, we will compile the results of historic drilling north of the northern gap . That drilling returned potentially economic grade widths of stockwork mineralization in the vicinity of historic mining. Results will be reported.

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the samples are inventoried, dried, crushed and pulverized.  Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol.  Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. The company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link: and visit our website at: www.arizonasilverexploration.com

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2022 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2022 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation .

Copyright (c) 2022 TheNewswire - All rights reserved.

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Mining in Arizona is flourishing as the demand for metals and minerals soars. Demand for critical metals stems from the consumer electronics, military operations and renewable energy markets. As experts put it, the demand is expected to continuously grow in the 21st century.

Why is Arizona a mining hotspot? Arizona is widely known for its mining-friendly policies and high gold, silver, and copper mineralization outputs. In 2019, Arizona ranked in the top 10 jurisdictions in the world for both the investment attractiveness index and the policy perception index, according to the Fraser Institute. As a result, Arizona has ranked the number one state for exporting metal ores in the United States and has rightfully attracted the attention of major mining companies and investors alike.

Arizona Silver Explorations Inc. (TSXV:AZS,OTCQB:AZASF) is a junior mineral exploration company focused on exploring, identifying, and acquiring high-grade gold and silver in Arizona and Nevada in the United States of America. The company is led by an experienced management team CEO Mike Stark who has over 35 years of experience and worked with Exeter Resources (TSX: XRC,NYSE-MKT: XRA,Frankfurt: EXB), Extorre Gold Mines Ltd. (TSX:XG), and Canamex Gold Corp. (TSXV:CSQ,OTCQX:CNMXF,FSE:CX6).

“We have four very promising properties, we are not a one-property ownership,” said Arizona Silver Explorations CEO Mike Stark.

The company’s flagship Philadelphia project is an early-stage project in Arizona and is strategically located near multiple high-yielding gold and silver mines. Nearby mines in the region include the Moss Mine, which is approximately 6 miles away and owned by Northern Vertex Mining Corp. (TSX.VNEE), which has 4,463,000 ounces of measured and indicated gold as well as 360,000 ounces of measured and indicated silver.

The Gold Road mine owned by Aura Minerals Inc. (TSX:ORA) is 10 miles away and has historically produced 746,000 ounces of gold. In addition to its flagship project, the company has three other projects in its portfolio located in Arizona and Nevada including Ramsey Silver, Silverton Gold and Sycamore Canyon.

Since the company acquired the Philadelphia Property in February of 2019, they have successfully completed multiple drilling campaigns. The property sits on the prolific high-grade Arabian vein fault and has produced gold as high as 41.6 gold per ton (gpt) and silver as high as

97.2 gpt. The company plans to continue drilling to test the continuity of the high-grade vein based on the pending results.

Arizona Silver Exploration fully owns all of its projects. The company also has a strong share structure with 57,839,096 shares issued and outstanding, 6,011,758 warrants outstanding and 5,252,250 options outstanding for a total of 69,103,104 fully diluted shares, as of December 20, 2020. The company’s management team believes in its projects as its ownership includes 42 percent with family and friends, 24 percent with retail, 30 percent with insiders, and 4 percent with institutions.

The flagship Philadelphia property is located in Mohave County in northwestern Arizona and consists of 20 claims on the prolific high-grade Arabian vein fault. The property is readily accessible as it is less than 100 metres from paved road access. The region is home to the Oatman Mining District which has produced over 2.5 million ounces of gold from high-grade veins from underground mining. The Philadelphia property is approximately six miles from Northern Vertex’s Moss mine and 10 miles from Aura Minerals’ Gold Road mine.

The property has a mining history dating back to 1915 involving the Arabian-Philadelphia mine which produced 44,000 ounces of gold at an average grade of 0.3 to 0.79 opt. Historic silver grades in the production shaft averaged 420 gpt of silver. Arizona Silver Exploration’s October 2019 core drill program produced gold as high as 41.6 gpt and silver as high as 97.2 gpt. The September 2020 core drill program showed 33.56 gpt of gold and 54.7 gpt of silver over 2.35 metres, within a thicker interval of 10.76 metres containing 9.26 gpt of gold, 79.8 gpt of silver, and 344 gpt of beryllium beginning at a depth of 27.96 metres.

In November 2020, Arizona Silver Exploration Inc. announced that it bought out the existing 1 percent NSR on the property. The property is now fully owned and is free of all financial obligations. Currently, there is 1.5 km of strike untested to the north and 2 km of strike untested to the south. The company reported additional drill results of 3.7 ft. grading 6.79 gpt gold and 258 gpt silverfrom after completing its core drilling in April 2021.

Silverton Gold is a Carlin-type gold exploration project located in Nye County in Nevada and consists of 77 unpatented lode mining claims on the 1540 acre property. The project is 100 km from the old Silverton Mine property which is northeast of Tonopah in Nevada. The property has brecciated and silicified dolomitic limestone and faults. The company believes the dolomite breccias identified on the property are the primary exploration opportunity which is structurally similar to the gold-rich zones at the Long Canyon gold deposit which has reserves and resources of 3.19 million ounces of gold including measured, probable, and inferred.

The property has had intermittent exploration since the early 1980s with a large gold anomaly identified that contains greater than 100 ppb of gold. In 1988, a few holes were drilled peripheral to the gold anomalies in brecciated dolomites and intersected 40 to 100 feet carrying 300 to 1000 ppb of gold in almost every hole. As such, the company expects that mineralization will be even higher at the heart of the gold mineral system. Past drill results on the property also contained 1 to 16 grams of gold.

The company fully owns the property after previously entering into a lease with the option to purchase an agreement. Arizona Silver Exploration will be doing exploration work in the summer of 2021 pending permits.

The Ramsey Silver project is located two hours west of Phoenix in Arizona. The property’s geology consists of black calcite plus quartz veins in overlying rhyolite at an upward leakage with Ag-Pb-Zn-Ba geochemical signature. Exposure of geology underground found a high-grade vein with open stope and low-grade silver in volcanic breccia.

The property has seen historic production of 1370 gpt of gold and samples of high grade silver at 924.6 gpt. It is also home to 41 existing underground drill holes from the 1960s. Intercepts on the property show up 304 gpt of gold at up to 46 metres. Drill results from 18 holes on the Ramsey mine target completed by Arizona Silver to date show average gold mineralization at 31.5 gpt. The drill results also include a thick zone of disseminated silver and lead and zinc presence of up to 1 percent combined. Silver mineralization is open-pittable at depth. There is a large untested adjacent geophysical anomaly.

The property is fully owned with royalty buy-outs. The upcoming drill program on the property is scheduled to happen later this year when temperatures resume to safe operating levels for the crew. The company believes there is an upside potential for a large deposit size on the property.

The Sycamore Canyon property is located 20 miles northeast of the town of Willcox in southern Graham County in Arizona and consists of 10 unpatented lode mining claims on US Forest Service administered public lands. The property is accessible through gravel roads west of a paved divided highway with two large power lines. Sycamore Canyon contains a prominent silicified breccia body that occurs primarily within Precambrian granite as well as several smaller parallel banded silica veins.

Sampling backed by certified assay certificates from reputable laboratories throughout the silicified breccia demonstrates values up to 31 gpt of gold and 458 gpt of silver. From 42 samples collected from within the silicified breccias, values up to 15.45 gpt of gold and 396 gpt of silver was collected with average values at 0.893 gpt of gold and 82 gpt of silver. Historic samples from prospect pits not on the main breccia zone contained up to 50 percent of lead and 74 opt of gold. The property also has strong vlf-em anomaly across the main breccia identified after the 2018 exploration plan.

Arizona Silver Exploration fully owns the Sycamore Canyon project after previously entering into a lease with the option to purchase. The company has completed staking of an additional 28 unpatented lode mining claims surrounding the core group of leased claims to protect possible extensions of the silicified breccia and future development sites in the surrounding area. The area has yet to be tested with a drill hole but the company plans to begin an initial eight-hole drilling program, with two holes to test the gold-silver bearing silicified breccia on four initial sections pending a permit.

Mike Stark has over 35 years of business experience in the private sector as an owner and operator of two successful companies and 29 years in the public sector. Stark’s background includes corporate financing, investor relations, market support and corporate strategic development. Companies he has worked with in the past includes Exeter Resources and Extorre Resources.

Greg Hahn has over 35 years of experience in exploration and mine development. Hahn has held senior level management positions with several public mining companies. Hahn has taken projects from mine development to financing and through to production, including permitting, engineering, construction and operations.

Dong H. Shim is a member of the Chartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States. Shim has served as an audit partner on numerous audit engagements with a mid-size firm located in Vancouver, British Columbia, where he audited various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical and high-tech industries. As an audit partner, Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market.

Shim is currently the President of Golden Tree Capital Corp. and SHIM Accounting Corporation with a primary focus on business advisory, corporate consulting and regulatory filings both in the United States and Canada. In addition, Shim teaches accounting as an instructor at a local college in Vancouver and acts as a facilitator at CPA Western School of Business where he mentors CPA candidates enrolled in the CPA Professional Education Program.

Eugene Spiering is an exploration geologist with over 30 years of international experience in mineral exploration and senior level project management in the Western United States, South America and Europe. As VP Exploration, he participated in the discovery and development of the El Valle and Carles gold mines, and the Aguablanca nickel mine in Spain, along with the discovery of 2 new uranium mineralized breccia pipes in Arizona. He was also responsible for the exploration and definition of two porphyry copper deposits near Yerington, Nevada.

Spiering is a consulting geologist and a Qualified Person (QP) as defined in the National Instrument 42-101. He is a registered member of the Society of Mining, Metallurgy, & Exploration (SME #4164070RM), a fellow member of Australasian Institute of Mining and Metallurgy (FAusIMM #222207) and served as SME 2015-2016 Henry Krumb Guest Lecturer. Spiering is on the Board of Southern Silver Exploration Corp, and acts as Chairman of the audit committee of (“SSV” on the TSX-V), a silver development project in Mexico.

David Vincent’s background includes consulting and investment banking, corporate advisory, corporate public relations and capital raising services within the resources sector. Vincent was a senior executive with BAE Systems, a global aerospace company, where he gained significant skills and experience in international business development, feasibility studies, market analysis, business planning, project financing, project management and marketing within the United Kingdom, the Middle East and Europe.

He is a professional engineer and commercial pilot with post graduate academic qualifications in management and financial services. Vincent was a senior commissioned officer (engineer and pilot) in the Royal Australian Air Force. He has worked throughout Europe, the Middle East, Africa and Asia for the last 20 years. He holds a Bachelor of Engineering with Distinction from RMIT, a Diploma in Administrative Studies, an Advanced Diploma in Aviation Studies and a Diploma in Financial Planning from Deakin University in Australia.

Brady Stiles is an independent investor with a diverse entrepreneurial background. As co-Founder and CEO, he operated a US federal contracting corporation. During the Deep Horizon oil spill, he co-designed and developed a US patented oil spill containment and recovery system. Stiles served as a designer, crew chief and co-pilot for multiple General Motors Motorsport programs. His 20 years of real-estate experience includes land development and timberland management.

Yale Simpson has a Bachelor of Applied Science in Geological Engineering from the University of British Columbia in Canada and is a professional geologist. Simpson has more than 30 years of experience as a senior geologist, exploration manager and CEO of companies involved in precious metals projects in Australia, Africa, Eastern Europe and South America. Those companies included Pennzoil Company, Chevron Exploration, Australmin Holdings, Argosy Gold Mines and Black Swan Gold Mines Ltd.

He was co-chairman of Extorre Gold Mines Ltd., a successful spinout from Exeter, which was bought by Yamana Gold Ltd. in 2012 and was co-chairman of Exeter until it was purchased by Goldcorp Inc. in 2017. His particular expertise is in strategic resource planning, financing and corporate communications. In addition to Adamera Minerals Corp., Simpson is currently a director of Rugby Mining Limited.

Vancouver, British Columbia TheNewswire - May 25, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce that drilling at the Philadelphia project, Mohave County, Arizona has extended the strike of high grade gold-silver mineralization.  Assays have been returned for two holes with two further holes in the assay laboratory.  Drilling is continuing.

Holes PC22-89 and PC22-90 (beneath the "shark fin")

These holes extend recently drilled high grade mineralization to the north under the "shark fin", a weakly mineralized breccia.  The two holes intersected the target as predicted, confirming the "boiling zone" model that guides our exploration. A high-grade vein was intersected 45 metres down-dip from the outcrop, with the deeper of the two drill holes yielding the best thickness and grade as anticipated.

High grade (hanging wall) vein: 93.84 to 96.10 metres downhole depth (2.26m) at 11.81 gpt gold, 39.31 gpt silver, within

High Grade Vein Interval: 91.68 to 99.70 metres (8.02m) at 7.50 gpt gold, 29.07 gpt silver, within

Total Mineralized Zone: 82.41 to 113.41 metres (31.01m) at 2.38 gpt gold, 10.58 gpt silver

High Grade HW Vein : 72.59 to 73.54 metres (0.95m) at 11.20 gpt gold, 27.88 gpt silver, within

Total Mineralized Zone: 60.67 to 81.71 metres (21.04m), 0.97gpt gold, 1.33 gpt silver

Mr. Greg Hahn, Vice President, Exploration commented, " All of the assayed holes in this program have intersected potentially economic grade mineralization.  The two new holes demonstrate how quickly the epithermal vein system changes with depth from no vein at the "shark fin", to a narrow vein 45 metres below the outcrop (PC22-89), to a thick vein interval 35 metres deeper (PC22-90). The vein continues to depth, with intercepts in holes PC22-88 and PC22-91 (with assays outstanding)."

"We followed these holes with PC22-91, a deep test below this mineralization. The rig then moved 300 metres to the south to drill PC22-92, a core drill twin of a previous reverse circulation drill hole. That hole has been completed with the drill rig now sited on PC22-93, 350 metres north of the "shark fin." Assays are awaited," continued Greg Hahn.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

Geologically, holes PC22-89 and PC22-90 tested the "shark fin," a calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the previous core holes but on a new azimuth of 325 degrees instead of 270 degrees. See Section 1.

Hole PC-91 tested down-dip of the holes reported here but was lost at 266 metres in mineralization. The zone started at 173 metres with abundant stockwork quartz in Tr2 breccia and quartz vein clasts, followed by the lower vein breccia.  The drill rods became interminably stuck at 266 metres in the lower vein breccia resulting in the hole being abandoned.  We plan to re-drill the hole at a later date from a different pad to complete the intercept in the footwall vein and to intersect the Arabian Fault.

The drill rig was moved to our southern access area located 300 meters to the south of the Section 1 holes reported above. The intervening 300 metre strike is undrilled to date pending road construction. A core hole, PC22-92 was drilled parallel to RC hole PRC21-85, which intersected 115.9 metres of 1.34 gpt gold and 5.78 gpt silver, our thickest drill intercept to date. The core twin is intended to provide a comparison of RC drilling results to core results where groundwater flow is present.

Lithologies compared quite favourably between the two drill holes. The presence of quartz in the footwall granite is readily explainable by a unique bi-lithic breccia consisting of quartz vein clasts and granite clasts below the stockwork quartz in Tr2 rhyolite, and by the continuation of stockwork quartz in the granite below the bi-lithic breccia. Both holes PC22-91 and PC22-92 are in the laboratory.

The drill is currently on hole PC22-93, located 350 meters north of the holes reported in this press release, drilling beneath a prominent hill of stockwork quartz in granite. The hole is currently down 54 metres, having intersected brecciated stockwork quartz in the Arabian Fault and in the footwall granite beginning at 27 metres depth. The hole is targeted for 180 metres, to test the full extent of the stockwork quartz system exposed on the hill.

There are no drill holes testing the 350 metre-strike length between this hole and the two holes reported in this release. Meridian Gold drilled the upper 30 metres of the hill in the early 1980s with good results, but they failed to test the down-dip potential due to right-of-way limitations at the time. Those issues were eliminated in the late 1990's when the highway was relocated.

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the samples are inventoried, dried, crushed and pulverized.  Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol.  Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. The company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link: and visit our website at: www.arizonasilverexploration.com

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2022 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2022 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Vancouver, British Columbia TheNewswire - April 26 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) announces that the US Forest Service has issued a positive Decision Memo, with stipulated mitigation measures required, approving the initiation of exploration drilling on the Sycamore Canyon gold-silver project located in Cochise County, Arizona.

A positive Decision Memo, with stipulations and required mitigation measures, was received in response to the initial Plan of Operations submitted in May 2018 to proceed with initial exploration drilling of the Sycamore Canyon gold-silver project in Cochise County, Arizona. An initial Plan of Operations was submitted in May 2018 and finalized in November 2018.  Public comment was sought in late 2018 and early 2019, but the COVID pandemic and administrative issues caused the permitting of the project to be delayed until respective parties could be available to make their contributions to the NEPA (National Environmental Policy Act) permitting process.

no activity during the golden eagle breeding season (January through July), or non-breeding or non-occupancy within one mile of the drill site must be confirmed,

Avoid removal or damage to agave and yucca plants during road and pad construction and use, and salvage and re-planting of any disturbed plants,

reclamation immediately upon completion of the proposed drilling activity, among others.

The Company will engage an environmental consulting firm to incorporate these mitigation measures into a final Plan of Operations and a reclamation cost estimate for final submission to the US Forest Service for their consideration in issuing a final Record of Decision.

Meanwhile the Company will entertain joint venture proposals to advance the Sycamore Canyon project through this initial drilling program and beyond. Since submitting the initial Plan of Operations in 2018 the Company has made what it believes is a significant mineral discovery at its Philadelphia project in Mohave County, Arizona, and is electing to focus its resources on advancing the exploration drilling of that project.

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release. https://arizonasilverexploration.com/sycamore/

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. In addition to the Philadelphia project, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes for Carlin-type targets on its recently acquired Silverton gold-silver property. Drilling there will be scheduled as time and equipment allow.

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2022 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2022 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Vancouver, British Columbia TheNewswire - April 19, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce assay results from the first three core holes at the Philadelphia project, Mohave County, Arizona.  As anticipated, all three holes intersected high grades similar to the shallower reverse circulation drill holes. Three additional holes are in process in the assay laboratory.  The drill will now move 300 metres along strike to the south.

Section 1 - Holes PC22-86 through PC22-88 and PC22-91

Results demonstrate the continuation of the high-grade upper ("hanging wall") vein down-dip from the previously reported reverse circulation (RC) drill holes. Similarly the stockwork mineralization below (footwall) to the HW vein continues.  Results are reported below.

High grade HW vein: 32.90 gpt gold, 97 gpt silver from 85.73-86.71 metres (0.98 m), within

High Grade Interval: 10.81 gpt gold, 41.41 gpt silver from 82.32-86.71 metres (4.39 m), within

Total Mineralized Zone: 1.31 gpt gold, 7.29 gpt silver from 68.29-118.29 metres (50.0m)

High Grade HW Vein: 16.25 gpt gold, 66.6 gpt silver from 99.39-100.37 metres (0.98 m), within

High Grade Interval: 6.02 gpt gold, 28.2 gpt silver from 96.49-100.37 metres (3.87 m), within

Total Mineralized Zone: 1.01 gpt gold, 6.5 gpt silver from 92.35-133.23 metres (40.9 m)

High Grade HW vein:  17.35 gpt gold, 46.6 gpt silver from 120.64-121.37 metres, (0.73 m), within

High Grade Interval: 8.7 gpt gold, 21.46 gpt silver from 119.36-121.37 metres (2.01 m), within

Total Mineralized Zone: 1.14 gpt gold, 4.97 gpt silver from 113.11-161.61 metres (48.5 m)

Assays are pending. Hole PC22-91 was drilled from the same pad as the holes reported above to test the down-dip continuation of the mineralization encountered in PC22-88. The hole was drilled after the two holes were completed on the Shark Fin target.

Mr. Greg Hahn, VP Exploration commented, " We drilled these holes to confirm grades from previous, shallower RC drill holes and to determine the continuity of mineralization to depth. We certainly accomplished that. Effectively we have doubled the down dip extent, with another unassayed hole (PC22-91) down dip from these holes being visually impressive. In that hole t he HW vein was intercepted where anticipated. In addition, an impressive and extensive zone of stockwork mineralization with some visible gold is present. The stockwork mineralization extends down to the total depth of the hole".

"I have included the HW vein in our calculation of the Total Mineralized Zone for each hole. I did this because of the vein's consistency and the fact that there is 40 to 50 metres of low-grade mineralization below it. It is far too early to talk about mining, however I have little doubt that the Philadelphia project has the signature of a bulk tonnage, open pitable target rather than merely a narrow vein underground mining scenario. This is supported by the+100 metre thick zone of mineralization we discovered to the south which will be drilled next", added Greg Hahn.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link: and visit our website at: www.arizonasilverexploration.com

Section 2 - The Shark Fin – Holes PC22-89 and PC22-90

Holes PC22-89 and PC22-90 tested the "Shark Fin", a prominent outcrop of calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the three core holes on Section 1 but on an oblique azimuth of 325 degrees, instead of 270 degrees. Assays are awaited. See News Release dated March 15, 2022.

The drill rig will move to the southern area located 300 meters to the south of Section 1 reported above.  There we will drill a fence of core holes as we did on Section 1, and parallel to RC hole PRC21-85, which intersected 115.9 metres of 1.34 gpt gold and 5.78 gpt silver, our thickest drill intercept reported to date. One of the core holes will be a twin of PRC21-85 to provide a comparison of RC drilling results to core results where groundwater flow is present.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the core is inventoried, photographed, sawed and, dried, crushed and pulverized.  Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol.  Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. In addition to the Philadelphia project, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes for Carlin-type targets on its recently acquired Silverton gold-silver property. Drilling there will be scheduled as time and equipment allow.

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2022 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2022 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Vancouver, British Columbia TheNewswire - March 15, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce it has completed three more core holes at the Philadelphia project, Mohave County, Arizona. This press release provides a geological summary of the latest holes. See the press release of February 15, 2022, for a summary discussion of the first two core holes.  To date three core holes have been delivered to the ALS laboratory for sample preparation and assaying. Two holes on the "shark fin" target will be delivered by the end of the week.

Greg Hahn, VP-Exploration states, "This press release is only to keep the market informed of our progress, so we can discuss the geology openly.  No assay results have been received to date. That said, the core drilling program is progressing very well. We are intersecting our target at anticipated depths and intervals on all holes. Geologically, the mineral system continues to appear stronger in the deeper holes. We will continue to chase the system down dip, particularly as the deepest (vertical) hole is only 219 metres below surface. The two core holes, PC22-89 and PC22-90, into the "shark fin" target is visually remarkable with respect to vein thickness and textures, however the strength of the mineral system will be defined by the assays."

Section 1 below shows 6 drill holes, 3 reverse circulation drill holes from 2021 (prefixed PRC), and 3 of the new and deeper core holes (PC). Two recently complete core holes, PC22-86 and PC22-87 have been described previously. Hole PC22-88 is deeper than both PC22-86 and PC22-87.

A summary of vertical drill hole PC22-88 is provided below.

Tr2qtz- rhyolite with stockwork quartz

Thicknesses reported are drilled thickness. True thickness is roughly 50% of drilled thickness.

Click Image To View Full Size

The quartz vein breccia (QvBx) consists primarily of yellow-light green chalcedonic to crustiform and crenulated banded quartz. Tr2 rhyolite contains more stockwork quartz, including green and yellow quartz, than in any previous hole. The lower portion of the stockwork rhyolite also contains zones of calcite veining similar to what characterizes the calcite matrix breccia (CcBx), but across a wider zone and not in a discrete vein-like configuration as in previous holes on the drill section. In addition, the stockwork quartz bearing rhyolite is thicker in hole PC22-88 than in any previous hole. Together these characteristics imply the system is strengthening down-dip.

One more core hole will be drilled on this section to test the down-dip continuation of the mineral system below the intercept in hole PC22-88. Total thickness of the visually mineralized interval is 73.90 metres.

Section 2 below is oblique to Section 1.  It shows core holes PC22-89 and PC22-90 which tested the "shark fin", a prominent outcrop of calcite cemented breccia that contains clasts of quartz vein material and altered Tr2 rhyolite . They were drilled from the same drill pad as the previous core holes but on a new azimuth of 325 degrees instead of 270 degrees.  The geology in the holes looks nothing like the "shark fin", located only 45 metres above the intercept. The holes contain a spectacularly banded yellow-green quartz and white quartz-calcite +/-adularia vein not seen at the surface and a much thinner calcite matrix breccia than is present at the surface. A summary of the drill holes follows.

Hole PC22-89 (-45 degrees)

Tr2qtz-rhyolite with stockwork quartz

YgrQtz- granite with stockwork quartz

Thicknesses reported are drilled thickness. True thickness is roughly equal to drilled thickness.

Hole PC22-90 (-65 degrees)

YgrQtz granite with quartz stockwork

Thicknesses reported are drilled thickness. True thickness is roughly 87% of drilled thickness.

Click Image To View Full Size

Banding in the quartz vein breccia below the "shark fin" is much stronger than in any previous intercept of quartz vein breccia. Breccia textures show multiple periods of re-brecciation of vein material with subsequent quartz overgrowths on quartz vein clasts and possible "ginguro" rinds around clasts.  Stockwork quartz in granite is similar to that which is exposed in a mineralized hilltop 300 metres to the north, and similar to what was interested 300 metres to the south in last summer's RC drilling program. The overall thickness of the visually mineralized interval is 13.81 metres and 30.40 metres respectively, thinner than the deepest intercept in hole PR22-88, again suggesting that the mineral system is stronger with depth, or has been truncated near the surface.

Updated geologic sections and photos of core from the completed holes are posted to the web site at: https://arizonasilverexploration.com/philadelphia/ .

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property. The company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link: and visit our website at: www.arizonasilverexploration.com

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2022 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2022 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

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Vancouver, British Columbia TheNewswire - February 15, 2022 Arizona Silver Exploration Inc. (TSXV: AZS ) ( OTC:AZASF ) is pleased to announce that it has completed the first two core holes at the Philadelphia project, Mohave County, Arizona.  Drilling commenced on January 28, 2022. The first hole is in the laboratory with the second hole to be submitted Friday.

Greg Hahn, VP-Exploration states, "From a visual perspective the new drilling is proceeding as anticipated. Intercepts are close to modelled depths and quartz vein breccia thicknesses remain strong.  The presence of visible gold in core in the hanging wall vein is encouraging but must be regarded with caution as to grade. That said, the model of the gold system in the "boiling zone" is holding up and as such I expect the zone will continue deeper."

Current drilling is at the north end of the Perry patented claim testing down dip of three previously drilled reverse circulation drill holes, PRC21-81 thru PRC21-83. The objective of the drilling is twofold: firstly, to determine the grade continuity down dip of previous mineralization, and secondly to recover drill core to compare with RC cuttings.

Earlier holes, PRC21-81 thru PRC21-83 reported two vein breccias separated by a diagnostic rhyolite dike that hosts quartz stockwork veining.  The upper (hanging wall) quartz vein breccia is higher grade than the lower (footwall) calcite-cemented vein breccia. The thickness and grade of the entire mineralized package was increasing with depth.  The upper vein breccia was up to 3 metres thick at 16.9 grams per tonne ("gpt") gold and 51.15 gpt silver. Stockwork mineralization up to 33.5 metres drill thickness was intersected in the mineralized rhyolite dike between the upper and lower vein breccias. The lower vein was characterized by black carbonate-cemented quartz vein and rhyolite fragments.

Current holes PC22-86 and PC22-87 intersected upper and lower vein breccia intercepts as predicted, 30 metres and 60 metres respectively below the earlier drill intercepts. The geology is continuous in both core holes, with the two vein breccias separated by quartz stockwork rhyolite.  A section of the geology to date is posted to the web site at https://arizonasilverexploration.com/philadelphia/ .

In holes PC22-86 and PC22-87 the upper vein breccia carries fine-grained visible gold. The vein breccia is characterized by yellow or green chalcedonic to crustiform quartz, occasionally banded, with clasts of vein and rhyolite within the vein breccia. The thickness of the upper vein breccia is 5.91 metres in the shallower hole, PC22-86 and 3.87 metres in the second hole, PC22-87.  Estimated true thickness of the upper vein breccia in the two holes is 4.85 metres and 2.74 metres respectively.

In holes PC21-86 and PC21-87 the lower vein breccia is 10.33 metres thick and 12.71 metres thick respectively. Estimated true thickness of the vein breccia is 8.5 metres and 9 metres respectively. Quartz in the lower vein is mostly white to gray, not green to yellow as in the upper vein breccia, and locally contains cockade and banded textures. The vein textures suggest the new drill hole intercepts are below the upper level of "boiling" as anticipated.

In the new drilling, the quartz stockwork rhyolite zone between the two vein breccias is 29 metres thick and 39.4 metres thick respectively.  The zone is getting both thicker and stronger with depth.  Some yellow and green quartz is evident in the stockwork zone reflecting a mixture of the quartz present in both the upper and lower vein breccias. Overall thickness of the strongly mineralized interval in the two holes is 45.27 metres, and 56.0 metres respectively. Estimated true thicknesses are 32.0 metres and 45.87 metres.

Two more drill holes are planned to follow the zone further down dip some 30 metres and 60 metres below PC21-87. Drilling is underway on hole PC21-88, but this hole will probably not be completed before February 17 th when the drill crew will break before resuming February 27 th .

See link to core photos on website:

Gregory Hahn, VP-Exploration, and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset through 2022 will be the Philadelphia gold property. On its recently acquired Silverton gold-silver property, the Company recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on Carlin-type targets.  Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link: and visit our website at: www.arizonasilverexploration.com

On behalf of the Board of Directors:

Mike Stark, President and CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2020-2021 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2022 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2021 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Blue Star Gold Corp. (TSXV: BAU) (FSE: 5WP0) (OTCQB: BAUFF) ("Blue Star" or the "Company") announces that, further to its news release of June 2, 2022, and subject to the final approval of the TSX Venture Exchange (the "Exchange"), it has closed its non-brokered private placement (the "Private Placement") by issuing 3,077,000 common shares (each a "Share") at $0.65 per Share, 2,523,289 flow-through shares (each a "FT Share") at a price of $0.73 per FT Share, and 1,340,031 charitable flow-through common shares (each, a "Charitable FT Share") at a price of $0.91 per Charitable FT Share raising total gross proceeds of $5,061,479. The Company paid finder's fees of $134,520 to GloRes Securities Inc. and Qwest Investment Fund Management Ltd., and issued 85,943 common shares to GloRes Securities Inc., Teresa Schmid, and Qwest Investment Fund Manager.

The Shares, FT Shares and Charitable FT Shares are subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange. The Company intends to use the net proceeds from the FT Share and Charitable FT Share Private Placement to incur Canadian exploration expenses (the "Qualifying Expenditures") on its projects in Nunavut prior to December 31, 2023. The Company will renounce the Qualifying Expenditures to subscribers of FT Shares for the fiscal year ended December 31, 2022.

Dr. Georg Pollert, a director and controlling shareholder of the Company, received 3,077,000 Shares pursuant to the Share Private Placement. As a result, the issuance of these Shares is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the "Fair Market Value Not More Than 25% of Market Capitalization" exemption from the formal valuation and minority shareholder approval requirements.

About Blue Star Gold Corp.

Blue Star is a gold company focused on exploration and development within Nunavut, Canada. Blue Stars landholdings total approximately 270 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt, Nunavut. The Company owns the Ulu Gold Property lease, an advanced gold project, the highly prospective Hood River Property that is contiguous to the Ulu mining lease, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu lease), and numerous high-grade gold occurrences and priority targets occur throughout the Ulu, Hood River and Roma Projects.

For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact: Grant Ewing, P. Geo., CEO Telephone: +1 778-379-1433 Email: info@bluestargold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128766

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Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") is pleased to announce that it has qualified for trading on the OTCQB ® Venture Market in the United States operated by the OTC Markets Group Inc. and that the Company's common shares commenced trading today on the OTCQB under the symbol "FYMNF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "FYL".

The Company further announces that concurrent to receiving qualification to trade on the OTCQB ® Venture Market, it has also gained eligibility for electronic clearing and settlement through the Depository Trust Company (" DTC ") in the United States .

Robert Brown , President & CEO of Finlay states:

" We are pleased that the trading of the Company's common shares on the OTCQB and the access to DTC services will enable Finlay to expand its US and global shareholder base, broaden its visibility, and increase liquidity over time. We look forward to the opportunities that this trading platform will provide ."

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com .

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

Robert F. Brown , P. Eng. President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements, including, without limitation, statements regarding the anticipated benefits of OTCQB trading and DTC eligibility. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration results, availability of capital and financing, general economic, market or business conditions, and the other risk factors described in Finlay's filings with Canadian securities regulators on SEDAR at www.sedar.com . These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/23/c0045.html

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Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ) is pleased to announced a non-brokered private placement of up to 14,285,714 units (each, a "Unit") at a price of C$0.07 per Unit (the "Issue Price") for aggregate gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"). Each whole Warrant will be exercisable to acquire one common share of the Company (a "Warrant Share") at an exercise price of C$0.12 per Warrant Share for a term of two years following the closing of the Offering

It is anticipated that the proceeds of the Offering will be used for general working capital and exploration activities on the Company's Santa Maria property, located in Parral, Mexico.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and any other resale rules under applicable securities laws and the policies of the TSX Venture Exchange. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder's fee to eligible arm's length parties to be determined by negotiation with such parties, and pursuant to the rules of the TSX Venture Exchange and applicable securities laws.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.

Mr. Peter J. Hawley, President and C.E.O. Fabled Silver Gold Corp. Phone: (819) 316-0919 peter@fabledfco.com

For further information please contact: info@fabledfco.com

Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

SOURCE:Fabled Silver Gold Corp.

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Vancouver, British Columbia TheNewswire - June 23, 2022 - Leocor Gold Inc. (the " Company " or " Leocor ") (CSE:LECR ) ( OTC:LECRF ) ; ( Frankfurt:LGO) is pleased to announce it has completed mobilization of a Rotary Air Blast ("RAB") drill and initiated drilling on the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program will test at least 6 different target areas for gold andor copper mineralization with 25 30 RAB drill holes and is designed to follow up on previously announced soil and GT Probe results (1) ; evaluating the targets for potential follow up diamond drilling as warranted. The Company is also initiating work programs on it's Western Exploit and Gander District properties and details of those programs will be forthcoming in future news releases.

The Phase 1 RAB Drilling program will consist of 25-30 drill holes and test at least 6 target areas across the Baie Verte property including the Dorset, Gunshot, Dorset SW, Copper Creek SW, FMB, and Copper Creek target areas. The program will follow up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property (1) and is designed to evaluate the targets for potential diamond drilling.

The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes will be up to 100m in depth and will be paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas.

(1) See the Companies new release dated May 19, 2022. Available at leocorgold.com and SEDAR.

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Figure 1 – Phase1 RAB Drill targets over gold in soils.

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Figure 2 – Phase1 RAB Drill targets over copper in soils.

The Dorset trend consists of a 2.5 km gold in soil anomaly(s) located approximately 3km south of the Baie Verte townsite, extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. RAB drilling on the trend will focus on the Dorset, Gunshot, and Dorset SW target areas. At Dorset and Gunshot, the drilling will test a series of NE striking, steeply west dipping quartz veins and breccia zones with sericite-ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. On the Dorset SW, the drilling with test a series of coincident soil and GT Probe anomalies (up to 1.19 g/t Au) over a 700m NE oriented trend.

The FMB Trend (Five Mile Brook Trend) is located 4km SSW of Baie Verte, less than 1km off of the main highway and consists of a 2km gold-arsenic soil anomaly associated with sheared and strongly contact of ultramafic and metavolcanic units with rock samples up to 1.31 g/t Au.

Copper Creek Southwest is located approximately 750m west kilometer of the Gunshot target and consists of a 1km NE trending soil anomaly with values up to 1135 ppb Au. The target was historically called the ‘Albatross Target' and was previously trenched and drilled by Noranda in the late 1980's. The historic work included grab samples of up to 30 g/t Au and drilling results of 1.0 g/t Au over 7 m (2) and is associated with a series of meter-scale quartz veins with pyrite-arsenopyrite.

(2) See NFLD Assessment GeoFile 012H/16/1127 by MacDougall dated April 1989.

Copper Creek Trend (Copper & Gold)

The Copper Creek Trend consists of 2 km northeast trending Cu-Au soil anomaly(s) with highs of 2860 ppb Cu and 867 ppb Au. The northern area of the trend is defined by a 500m x 1000m copper anomaly associated with anomalous zinc (+/-gold); indicative of VMS style mineralization similar to the historic Terra Nova Mine; located approximately 1.5km to the west. Initial RAB drilling on the target will focus on a series of NE trending semi-massive to massive sulfide (pyrite-chalcopyrite) identified during recent follow up exploration on the trend.

Assay Methodology and QA/QC

The soils samples for the program are prepared at Eastern Analytical Laboratories. Samples are dried at 60 degrees Celsius and sieved to -80 mesh. The pulps are air couriered shipped to Bureau Veritas Labs in Vancouver, British Columbia. The pulps are analyzed with the AQ201+U method, dissolving 15 grams in Aqua Regia and analyzed for 37 elements by ICP-MS technique.

All rock, GT Probe, and RAB samples will be prepared and analyzed by ALS Global Laboratories of Moncton, NB. The entire sample will be crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns. A 0.5 gram cut of the pulp will be analyzed by ME-ICP41, an aqua regia digestion followed by ICP-AES analysis for 35 elements. Gold will be analyzed for by AA-AU23 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge will be used for a standard fire assay with a gravimetric finish.

The reported work will be completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

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Figure 3 – Regional Setting of the Baie Verte Project

About Leocor's Baie Verte Project

The Baie Verte Peninsula represents one of the more productive and historical gold and base metal mining districts in Canada. The former Terra Nova base metal mine – one of several copper mines of the region, which operated during the late 1880's to early 1900's – lies 200 meters west of Leocor's Copper Creek claims. Former gold mining operations in the area include the Goldenville mine (of 1903-1906), located 8 km NE of the property, and the more recent Nugget Pond mine (1997-2000) of the eastern Baie Verte Peninsula area. Currently producing mines in the area include the Rambler base metal-gold mine (1961-present), located 14 km ESE of Baie Verte, and the Pine Cove and Stogertite mines (collectively, 2011-present) located 1.6 km and 5.4 km NE of the current property.

The Baie Verte project combines the Dorset, Dorset Extension, Five Mile Brook and Copper Creek projects consisting of fourteen mineral licenses, totalling 80 claims, and covering 1995 hectares (19.95 square km).

The Dorset Gold Project is a 275-ha gold exploration project, located south of the Pine Cove Gold Mine, and features multiple zones of high-grade gold mineralization. The Main Dorset Zone includes three historic showings, referred to as Dorset 1, 2 and 3 Showings. Grab samples from Dorset 1 returned 407.9, 349.2, 147.1, 143.9, 138.2, 108.0, 106.7, 72.4 and 30.0 g/t Au. Grab samples from Dorset 2 returned 167.0, 96.12, 84.3, 49.7, 23.8,4.33 and 1.33 g/t Au (MacDougall and Walker, 1988) and a "combined assay of 56.0 g/t Au over 2.5m" (MacDougall 1989) . Historic drilling includes DDH 87-1, which intersected 9.5 g/t Au over 1.3m (MacDougall and Walker, 1988).

Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au and 14.8 g/t Au. Historic channel sampling across the vein returned 9.5 g/t Au over 0.4m, 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m, 3.1 g/t Au over 2m and 2.5 g/t Au over 1.5m (MacDougall, 1990).

Other zones include The Albatross, where historic rock sampling of mineralized zones returned values up to 30.3 g/t Au. Assay results from three 1987 diamond drill holes include 1.0 g/t Au over 7.3m, 1.81 g/t over 4.3m and 1.02 g/t over 2.2m and the Gunshot Zone, where veins containing visible gold and pyrite returned grab samples that assayed up to 162 g/t Au and channel samples that assayed up to 18 g/t Au over 0.4m (MacDougall, 1989)

In the Phoenix Zone, "assays from initial grab samples returned 5.8 and 5.5 g/t within the gabbro. Quartz veins have returned 1.4, 0.6 and 0.5 g/t Au. Similar mineralization located 500m north east returned 3.3 g/t." (MacDougall, 1987). Diamond drilling hole intersected of 1.07 g/t Au over 5.45m (MacDougall, 1989).

Copper Creek (1,025-ha) hosts a number of gold prospects and copper occurrences associated with extensive alteration/shear zones developed within a thrust-faulted sequence of quartz-Fe-carbonate-fuchsite-altered gabbros, ultramafics and mafic volcanics, of the Advocate (ophiolite) Complex, and intermediate to silicic volcaniclastics & tuffs and microgabbroic dykes/sills, of the Flatwater Pond (cover sequence) Group. Historical results at Copper Creek – Biarritz zone include "values ranging from 1.3 to 16 g/t Au from grab samples and a combined assay of 3.9 g/t Au over 4.0m from detailed chip sampling." Additionally, "300m SW along strike exposed a 5-10m shear zone with similar alteration returned which returned sporadic values up to 9,2 g/t Au from grab samples" Noranda drilled several diamond holes in the area including A-88-7 which returned 0.66 g/t Au over 1.5 m and A-88-9 which returned 3.11 g/t Au over 0.5 m. (MacDougall, 1989).

Five Mile Brook (350-ha) has been subject to minimal exploration in the past but shows potentially important geological continuity to the Company's Dorset Gold Project, which lies directly contiguous to the northern boundary.

* Historic rock samples and grab samples mentioned in this release are selective by nature and are unlikely to represent average grades of the property

* The reported drill intercept is an intersected length and is not a true width

The data reported here is historic in nature and has not yet been verified by a Qualified Person. Leocor has relied on the information supplied in the Noranda assessment reports (quoted above) and from information found in MODS (Mineral Occurrence Data System) published by the Newfoundland Department of Natural Resources.

Jodie Gibson, P.Geo., consultant, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific technical content of this release.

Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000 hectare exploration corridor. The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration

Alex Klenman, Chief Executive Officer

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release .

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.

The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to report that all matters set before the Annual General and Special Meeting of the Company held on Wednesday, June 22, 2022 ( the " Meeting ") were approved by the shareholders. An aggregate of 52,519,041 common shares of the Company (" Common Shares ") were voted representing 41.71% of the issued and outstanding Common Shares.

The seven nominees for the Board of Directors were elected and they are: John A. Barakso , Robert F. Brown , Richard T. Dauphinee , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company was approved by shareholders.

At the Meeting, shareholders also approved the amendments to the Company's 10% rolling Stock Option Plan (the " Stock Option Plan "), as described in the Company's Information Circular dated May 18, 2022 (the " Information Circular "). The Stock Option Plan was amended to comply with the new TSX Venture Exchange Policy 4.4 – Security Based Compensation , as disclosed in the Information Circular. The amended Stock Option Plan is a 10% "rolling" plan and as at the date hereof, 12,591,678 Common Shares are reserved for issuance under the amended Stock Option Plan (based on an aggregate 125,916,788 issued and outstanding Common Shares as at the date hereof). There are currently 6,100,000 stock options outstanding under the amended Stock Option Plan, exercisable for 6,100,000 Common Shares. The amended Stock Option Plan was conditionally approved by the TSX Venture Exchange on May 26, 2022 and is subject to final acceptance of the TSX Venture Exchange.

At a meeting of the Board of Directors held subsequent to the Meeting, the following officers were appointed for a further year:

Vice President, Exploration & QP, and

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia .

Finlay trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details, please visit the Company's website at www.finlayminerals.com .

On behalf of the Board of Directors,

Robert F. Brown , P. Eng. President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

View original content: http://www.newswire.ca/en/releases/archive/June2022/22/c1249.html

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Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company") is pleased to report it has entered into two separate arm's-length agreements, pursuant to which the company will acquire a 100-per-cent interest in two battery metals projects in the province of Ontario and Quebec, collectively known as the Timmins West and Outarde Nickel Project northwest of Baie Comeau, Quebec

The first purchase agreement covers 5 mining claims totaling 1,940 hectares within the Kamiskotia Gabbroic Complex (KGC) located 20 km northwest of Timmins, Ontario (Figure 1). The KGC is a gabbroic to anorthositic intrusive mafic to ultra-mafic body that has documented nickel-copper-cobalt (Ni-Cu-Co) mineralization. An outcrop grab sample in 2004 reported 0.44% Ni, 0.64% Cu and 0.033% Co hosted by 10% pyrrhotite. The Property lies 40 km southwest of the Crawford Ni-Co Project being developed by Canada Nickel (TSXV:CNC).

The KGC property shares many similarities to other well-known complexes such as the Bushveld Complex (South Africa), the Stillwater Complex (USA) and Bell River Dore Lake Complexes (Quebec) (Barrie, 2000). The Timmins West Ni-Cu-Co property has historically been explored for gold. However, it's mafic to ultra-mafic composition within the KGC makes it a prime target for magmatic Ni-Cu-Co mineralization. The regional government flown magnetic signature of the KGC suggests a possible layer within the KGC that has the potential to a host a pyrrhotite-rich cumulate layer host to Ni-Cu-Co mineralization. An outcrop grab sample in (AFRI 42A12SE2024, sample 185247) taken in 2004 reported 0.44% Ni, 0.645% Cu, 332 ppm Co, 0.053 g/t Au and 3 g/t Ag. This sample was associated with 10% pyrrhotite in a gabbroic mafic outcrop. Eight (8) additional samples within 15 m of the 185247 also reported anomalous Ni-Cu-Co values.

The second purchase agreement comprises of 93 claims covering 5, 138 hectares located 120 km northwest of Baie-Comeau, Quebec. The Outarde Property contains nickel-copper-cobalt style mineralization and was last explored by Falconbridge in 1997. The property is located at the folded nose of a gabbro-norite suite of mafic rocks, part of the large anorthositic-gabbro pluton of the De La Blache Mafic Plutonic Suite (Figure 2). The gabbro-norite body occupies the entire length of the property (about 30 km) and has only been intermittently explored. Nickel and copper-bearing sulphides are generally located in fracture or shear zones. Highlights of the best Ni and Cu assays are 1.28% Ni and 1.38% Cu and 700 ppm Co from a grab sample. The property has not been drilled. Recommended work includes a high-resolution airborne magnetic and electromagnetic survey followed by ground truthing of detected anomalies. Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.

Mr. Karim Rayani, Falcon's Chief Executive Officer, commented, "Falcon continues to build value for stakeholders and is pleased to add these ‘green metal' projects to our portfolio. The success of Canada Nickel in building the nearby Crawford Ni-Co Project to a zero-carbon producer of green metal provides impetus for the Timmins West acquisition. The Outarde Nickel Project acquisition adds to our green metal portfolio in an unexplored nickel-copper-cobalt suite of lithologies. The increasing demand for green metals and current supply deficits make projects like these very attractive long term in attracting new investments."

Falcon Gold purchased the Property from an individual (the "Vendor") for $10,500 in cash and the issuance of 100,000 common shares of the Company. The Vendor retains a 1% NSR which can be purchased by the Company for $300,000.

Falcon Gold purchased the property from an individual ("Vendor") for $12,000 in cash and the issuance of 150,000 shares. The vendor retains a 1% NSR that can be purchased by the Company for $300,000.

The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The QP and the Company has not completed sufficient work to verify the historic information on the properties comprising the Timmins West, particularly regarding historical exploration, neighbouring companies, and government geological work.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 9 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Falcon Gold Corp. "Karim Rayani"

Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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