Latest drilling results boost Arizona Silver

Investors piled into Arizona Silver Exploration Inc (CVE:AZS) after it revealed it has intersected massive silica in its drilling campaign at the Ramsey silver project.

Drill hole R1702 intersected massive silica with locally banded quartz-chalcedony veins over a down-hole distance of 145 feet, the company said.

The host rock of the massive silica intercept is a flow-banded rhyolite believed to be the same or similar rhyolite to that which overlies the historic Ramsey vein. Drill hole R1702 is located some 500 yards north of the old Ramsey Mine workings.

Meanwhile, RC drill hole R1701 was drilled vertically from the same collar location as drill hole R1702. It intersected stockwork black and green silica veins and veinlets, some banded, from a depth of 650 feet to the end of the hole at 880 feet.

The true thickness of this silica stockwork zone is currently unknown. Drill samples from below the cemented alluvium have been delivered to ALS Minerals sample preparation facility in Tucson, Arizona.

“With only two RC holes into the system currently it is unclear whether this stockwork silica zone in R1701 connects with the much more massive dominantly black and green banded silica intercept in R1702,” Arizona Silver told investors.

The two silica intercepts are about 100 metres apart on section. A third hole will be drilled to test the western extension of the silica stockwork system and the up-dip projection of the detachment fault surface.

A second drill pad has been prepared 165 yards to the south of the location of the R1701-R1702 drill pad, and another fan of holes will be drilled from this second pad.

A third fan of holes will be drilled on patented claims south of and down-dip of the old Ramsey vein mine workings.

Shares in Arizona Silver rose 11% to C$0.455 on the news.

Story by ProactiveInvestors