Arizona Silver Exploration completes 2Q drill program at Philadelphia gold and silver property
Arizona Silver Exploration Inc (CVE:AZS) (OTCQB:AZASF) has completed a 2Q reverse circulation drill program at its Philadelphia gold-silver project in Mohave County, Arizona.
The program conducted on the newly acquired Perry claim, consisted of 15 holes for a combined depth of 6,270 feet.
The goal of the exploration drill was to test along the strike and shallow dip of over 1,400 feet of the Perry vein, visible in outcrop at the surface.
Arizona Silver Exploration Inc says drilling has resumed at the Philadelphia gold-silver project in Mohave County
In the statement the company noted: “We are 4,000-5,000 lineal feet away from the Philadelphia mine/vein area where we last intersected the high-grade [Perry] vein.”
The precious metals explorer will now send the samples collected during the drill program to ALS Minerals sample preparation facility in Tucson, Arizona for examination.
“We are excited to be the first to test the Perry vein with drilling. Surface samples indicate the presence of visible gold,” Greg Hahn, vice president, exploration, noted in the press release. “While this is no indication of the grade of the intervals drilled, it does substantiate that there is gold in the system, and we are encouraged that the improvement in thickness and vein quality with depth bodes well for success in this campaign and the potential to chase this system not only further down dip but also along strike.”
Additional sampling and exploration is being conducted on 4,500 feet of strike south of the Perry claim.
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Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/951596/arizona-silver-exploration-completes-2q-drill-program-at-philadelphia-gold-and-silver-property-951596.html
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