Arizona Silver Exploration Inc. (TSX-V:AZS) announced that it has completed its first 2023 reverse circulation (RC) drilling program at the Philadelphia epithermal gold-silver project in Arizona.
The program consisted of 12 holes for a total of 1,256 meters, the company said, and assay results will be announced when received.
Specifically, fives holes were completed on one of three patented claims known as the Rising Fawn zone and seven of the holes were drilled in the GAP located in the Perry zone, from a newly established drill pad in the central Perry claim.
All holes in the Rising Fawn zone cut stockwork quartz mineralization as anticipated in a rhyolite dike and footwall granite, the company said, and panning of the selected drill cuttings revealed visible gold in several of the drill holes.
Meanwhile, the new GAP drill holes intersected prominent green-to-gray quartz in a hanging wall (HW) vein in six of the seven holes. The vein is immediately beneath the overlying altered volcanics.
Mineralization continued below the HW vein in the form of silicification and stockwork quartz veins in the host rhyolite dike and underlying Precambrian granite. All seven holes had good intervals of silicification and stockwork quartz.
“We have drilled 1.7 kilometers of strike length and up to 250 meters of dip to date on this impressive mineral system,” said Greg Hahn, VP of exploration. “Some gaps remain to be drilled but overall the system is well mineralized throughout the area drilled to date and remains open along strike in both directions and down dip. Outcrops of the main vein system continue south for another 1.4 kilometers but have never been drilled.”
He continued, “The company has established 10 drill sites to test the Resaca Zone on patented claims in an upcoming drilling campaign. The Resaca Zone has never been drilled but shows excellent silver and gold geochemistry from outcropping stockwork quartz in the host rhyolite dike.”
Arizona Silver is currently permitting 40 holes from several drill sites on claims within Bureau of Land Management lands. These holes will test the down dip continuation of the Perry Zone and the recently identified strong CSAMT anomaly beneath the Red Hills bulk tonnage target.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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