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Arizona Silver Signs Lease Agreement on the Perry Patented Claim Adjacent to the Philadelphia Gold Silver Property in Mohave County, Arizona
(TheNewswire) Vancouver, British Columbia – TheNewswire - ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Silver Signs Lease Agreement on the Perry Patented Claim Adjacent to the Philadelphia Gold Silver Property in Mohave County, Arizona\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n TheNewswire -\n \n February 16, 2021 –\n \n \n Arizona Silver Exploration Inc (TSXV:\n \n \n \n \n \n AZS\n \n \n \n \n \n ) (OTC:AZASF)\n \n \n is pleased to report that it has\nsigned a lease agreement with the owner of the Perry Patented Claim\nadjacent to our unpatented lode mining claims at the Philadelphia\nproperty.  The Perry Patented Claim contains the continued southern\nstrike extension of the Arabian Fault and the vein that hosted the\nArabian Mine in the early 1900s. The vein is exposed for most of the\nentire 1250’ length along the axis of the claim and contains several\nprospect pits and shallow mine workings along the outcrop expression\nof the vein, some with visible gold present at the surface.  The vein\nhas never been drilled within the boundaries of the Perry Patented\nClaim. Company lode mining claims lie adjacent to and further along\nstrike to the south covering the continuation of the Arabian Fault and\nthe associated vein south from the Perry Patented Claim for another\n4500 feet of strike length.  Road access is available on the claim\nimmediately adjacent to the vein.\n \n \n Mapping and sampling along the axis of the vein will commence\nimmediately. Drilling will commence once data are received and\nrecorded and studied, and highest priority targets are identified.\n \n \n Terms of the lease call for an annual fixed lease payment that has\nalready been made, with unrestricted access to test, sample, and\ndrill.\n \n \n “Patented property provides easier access to drilling without the\nrequirement of permitting with federal agencies. This agreement is the\nculmination of two years of negotiations and adds substantial drill\ntargets to increase overall value to the Philadelphia property”,\nstated Mike Stark, CEO.\n \n \n \n \n Qualified\nPerson\n \n \n \n \n Gregory Hahn, VP-Exploration and a Certified Professional Geologist\n(#7122) is a Qualified Person under National Instrument 43-101\n(\"NI 43-101\") and has reviewed and approved the technical\ninformation contained in this news release.\n \n \n \n About A...