Arizona Silver Exploration has high hopes for Philadelphia project after latest holes
Philadelphia, discovered in the late 1800s, was operated intermittently, mainly between 1917 and 1935, as a 50-tonne-per-day underground mine
Company
CVE:AZS
Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.
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Philadelphia, discovered in the late 1800s, was operated intermittently, mainly between 1917 and 1935, as a 50-tonne-per-day underground mine
The first two drill holes sunk on the property point to the high-grade gold zone extending north of previous intercepts beneath a historic trench sample
The company said the drilling will see it step out 100 feet to the north from its previous drilling looking for a continuation of a high-grade vein
The Vancouver-based junior explorer will sell up to 3,684,210 units at a price of $0.19 per unit
Philadelphia lies in the Oatman district in Arizona, which has produced over 2 million ounces of gold from high-grade veins
In addition, also approved was replacing a fixed stock option plan (less than 10%) with a new 10% rolling stock option plan
The group's Philadelphia property was discovered in the late 1800s and operated intermittently
Recent results from Philadelphia precious metals project showed the presence of rare earth element beryllium, commonly used in aerospace manufacturing
The company announced that an exploration drill rig was mobilized to begin a six-hole program expected to last a week
The junior explorer received critical final permits and readied its drilling contractor at Arizona property
The Oatman mining district produced over 2 million ounces of gold from high-grade veins via underground mining in the early 1900s
The company raised almost C$300,000 in an oversubscribed private placement
The company plans to use the proceeds for further exploration at its Ramsey silver mine and Sycamore Canyon property in Arizona
Investments and investor services
A round up of recent earnings reports on SEDAR including High Hampton
The company thanked Charland for his service as a member of the company's board
The company's loss narrowed for the fiscal year as it presses forward with exploration for precious metals
The company also owns the former producing Ramsey silver mine in the US state
Eugene Spiering has more than three decades' experience in international mineral exploration and project management
The company plans to use the proceeds for further exploration at its Arizona properties
The miner says the replacement of its previous accountant, Davidson and Company, has been approved by the board