Arizona Silver Exploration continues to hit good gold and silver values in Philadelphia project drilling

Arizona Silver Exploration Inc (CVE:AZS) (OTCMTS:AZASF) (FRA:A9J) posted drill results from three of the first seven holes at its Philadelphia project, which the company said, showed good gold and silver values. 

A total of 18 core holes have been completed to date and results from 11 holes remain outstanding. 

READ: Arizona Silver signs lease agreement with owner of the Perry Patented Claim adjacent to unpatented lode mining claims at its Philadelphia property

Assays reported today included 0.76 grams per ton (g/t) gold and 132 g/t silver in an intercept of 2.5 feet (ft) starting from 0.8 ft depth.

In another hole, 11.10 g/t gold was hit and 316 g/t silver in a length of 2 ft, starting from 1ft below surface.

“We continue to intersect good gold and silver values in the Philadelphia vein system,” said Greg Hahn, the company’s vice-president of exploration.

“We are working on unravelling the structure that has complicated the geology and believe we have identified a faulted extension to the west that should allow us to continue to test the vein system with relatively shallow drill holes.”

The core drill rig has now left the site, while a reverse circulation (RC) rig is scheduled to arrive in mid to late May this year to continue drilling the gold-bearing quartz vein on the Perry Patented claim.

Here, gold-bearing quartz veins are exposed along much of the strike length (1,250 ft) of the vein.

Between 5,000 and 7,000 ft of RC drilling is planned in 15 to 20 holes to test around 500 ft of strike and dip along the vein. Arizona is funded to complete further drilling once results are known.

Arizona Silver is focused on exploring under-explored gold-silver properties in western Arizona and Nevada, US.

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Story by ProactiveInvestors