Business
Arizona Silver Announces "Buy Out" of Existing NSR on its 100% Owned Philadelphia Property
(TheNewswire) Vancouver, British Columbia - TheNewswire - ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Silver Announces \"Buy Out\" of Existing NSR on its 100% Owned Philadelphia Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 12, 2020 - Arizona Silver\nExploration Inc.\n \n \n (the\n\"Company\" or \"Arizona Silver\") (TSXV:AZS)\n(OTC:\n \n \n AZASF\n \n \n )\n \n \n is\n \n \n very\n \n \n pleased to\nannounce that it has bought out the existing NSR on the Philadelphia\nproperty.\n \n \n \n \n \"We are pleased to continue to build shareholder\nvalue in Arizona Silver Exploration. This NSR buy-out shows continued\ncommitment from management to raise future opportunity for investment\nin Arizona Silver Exploration. You simply can't put a value to this 1%\nNSR until a resource is determined, but the path forward to future\ndevelopment has no outstanding encumbrances. We have no future lease\nor NSR payments due on our Philadelphia property,\" stated Mike\nStark, President and CEO.\n \n \n \n \n Current Drilling Update\n \n \n \n \n Arizona Silver has drilled two RC holes on Section 100N\nand one core hole on Section 200N. Samples from all three holes have\nalready been delivered to ALS's sample prep facility in Tucson, AZ. In\naddition, we have completed six pre-collar RC holes to depths between\n100-300 ft on Sections 300N and 400N. See link to sections:\n \n \n \n \n http://arizonasilverexploration.com/philadelphia-property/\n \n \n \n \n \n \n The six remaining holes will be cased and then cored\nthrough the targeted high-grade vein. The core rig is currently\ncompleting the second core hole on Section 200N, and has the six\npre-collar holes yet to drill. The company expects results to start\ncoming in prior to Christmas and to continue well into the new year.\n \n \n \n \n Greg Hahn, VP Exploration and a Certified Professional\nGeologist (CPG#7122), and a Qualified Person, has reviewed an approved\nthe content of this release.\n \n \n \n \n On behalf of the Board of Directors:\n \n \n \n \n \n \n ARIZONA SILVER EXPLORATION\nINC.\n \n \n \n \n Mike Stark, President, CEO and\nDirector\n \n \n \n \n Phone: (604) 833-4278\n \n \n \n \n Neither the TSX Venture Exchange nor\nits Regulation Services Provider (as that term is defined in the\npolicies of the TSX Venture Exchange) accepts responsibility for the\nadequacy or ac...