Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) is testing the blue sky potential at its 100%-owned Philadelphia project in Arizona.
The company said earlier this week that it will test below the old mine workings of a shaft on the Philadelphia property to determine if gold and silver mineralization continues beneath the 400-foot level where previous mining ceased.
The explorer also picked up two additional claims east of recent drilling at Philadelphia to cover possible extensions of the gold and silver veins, it told shareholders.
Following completion of the drill holes, the Vancouver-based firm will mobilize drill rigs at its Ramsey property, also a former producer.
The program will test the high-grade zone of the Creosote vein and the surrounding low-grade silver mineralization in addition to testing the mineralization’s continuity below a polymetallic soil geochemical anomaly on the property.
Arizona Silver also said that testing on samples is continuing without interruption even though the timeline for results have taken longer than expected as a result of the coronavirus pandemic. The company said that laboratory personnel are outfitted with health protections to continue working safely on the testing.
The firm is “anxious to begin drilling” at Philadelphia and Ramsey, it told shareholders. “Our treasury remains healthy in these trying times, as a result of careful spending and low overhead,” Arizona Silver said in a statement. “We look forward to sharing results once they are provided.”
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Story by ProactiveInvestors
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