Vancouver, British Columbia--(Newsfile Corp. - April 4, 2017) - Arizona Silver Exploration Inc. (TSXV: AZS) (the "Company") is pleased to announce that it has obtained approval from the US Bureau of Land Management ("BLM") for its Notice of Intent and reclamation bond amount to drill eight exploration holes on unpatented mining claims at the Ramsey Silver Project, located in La Paz County, Arizona.
BLM Notice of Intent and Reclamation Bond
On March 7th the Company submitted a Notice of Intent ("NOI") to BLM to drill eight exploration holes on unpatented lode mining claims to test the large magnetic and coincident IP anomaly that we believe is the northern extension and core of the silver mineralization system present at the Ramsey Silver Mine. A Decision approving the NOI was received on March 21, 2017, subject to posting and acceptance of the requisite reclamation bond of US$14,206. A reclamation bond for US$14,206 in the form of a certified check was submitted to BLM on March 27th, and acceptance of the bond was received on April 3, 2017.
Road Work and Site Preparation
A bid has been accepted to prepared two drill pads and upgrade ½ mile of access road, in accordance with the NOI, for easier road access to the property and the proposed drill sites. Earthworks are anticipated to be completed by mid-April, in anticipation of mobilizing a drill rig to the property by the end of April.
Drilling Contract
Requests for bids were submitted to four qualified reverse circulation drilling contractors. Three bids have been received to date. A fourth bid is expected this week. Contractor selection will be made by Monday April 10th, with a contract awarded by mid-April for mobilization of a drill and support equipment to site by the end of April. Drilling is anticipated to commence the first week of May. Drilling is expected to occur on a 10-12-hour day shift for about 20 days in order to complete the planned drilling program.
ADWR Well Permits
Once a drilling contractor has been selected, the Company can apply to the Arizona Department of Water Resources for well permits to cover the proposed exploration drill holes. That process takes less than a week.
Greg Hahn, President and CEO and a Certified Professional Geologist (#7122) is the Qualified Person under NI43-101 responsible for preparing and reviewing the geological data contained in this press release.
Please visit the Company's website to view IP response at www.arizonasilverexploration.com and join our contact list for information and direct mailing of press releases.
