Arizona Silver Exploration Inc announced the results of a test CSAMT (Controlled-source Audio-frequency Magnetotellurics) survey from its Philadelphia gold-silver project in Arizona.
The survey identified a large low resistivity layer at a depth of 100-200 meters below the top of a hydrothermally altered flow dome complex. The layer is potentially a mineralized body that extends for over 500 meters east of existing mineralized drill holes, the company said.
“Building ounces in a low sulfidation epithermal system takes a lot of drilling if the target is simply the veins themselves,” said Greg Hahn, VP of exploration at Arizona Silver. “Grades in the veins can be spectacular but a gold inventory that includes low grade disseminated style mineralization is potentially a big win.”
READ: Arizona Silver Exploration hits gold-silver mineralization in final 2022 core holes at Philadelphia project in Arizona
He continued, “We have intersected considerable widths of low-grade material on the flanks of the flow dome. This survey indicates an extensive target lies below the flow dome hill.“
The company’s geologic model had predicted a gold target area beneath the altered flow dome and immediately below what’s known as a clay cap, identified by hyperspectral analyses of core hole PC22-88, located on the flank of the altered flow dome.
Notably, the company said there appears to be a prominent feeder zone on the west side of the low resistivity anomaly. Drill hole PC22-91 intersected a prominent hydrothermal breccia immediately before the hole was lost when the rods became stuck.
The objective going forward is to drill the low resistivity layer and the interpreted feeder zone from the BLM pads currently being permitted once permits are received, the company said.
Arizona Silver Exploration is an exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The company’s flagship asset is the Philadelphia gold property in Arizona.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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