Arizona Silver Exploration Inc said final assays from its 12-hole drilling program at its flagship Philadelphia gold-silver project in Mohave County, Arizona, intersected high-grade gold values in both footwall (FW) and hanging wall (HW) veins, with mineralized stockwork between.
The company said five holes were completed in the Rising Fawn Zone and seven in the GAP located in the Perry Zone, with all 12 holes intersecting gold mineralization in areas that were previously undrilled.
Highlights from the results include 51 grams per tonne (g/t) gold and 16.1 g/t silver in the FW vein from 54.88 metres (m) to 56.40m and 18.2 g/t gold and 46.6 g/t silver in the HW vein from 13.72m to 15.24m.
The entire interval from 10.67m to 60.98m (50.31m) averages 2.89 g/t gold and 6.74 g/t silver, the company reported.
Arizona Silver VP-Exploration Greg Hahn said the drill program had delivered precisely what the company had been targeting - continuity of good-grade mineralization.
“On the Rising Fawn Zone beneath and along strike of mine workings we have demonstrated continuity of robust gold mineralization from near surface to depths of 70 to 100 metres,” Hahn said in a statement.
“In the Perry Zone, our successful drilling of the GAP has been particularly encouraging. We confirmed the continuity of mineralization in that previously undrilled area. Importantly, the system remains open along strike in both directions and down dip.”
Further, the company said it has commenced drilling to test the down-dip extension of the HW and FW veins and the western edge of the recently identified Red Hill CSAMT geophysical target. The results will be announced as received by the company, Arizona Silver said.
Arizona Silver Exploration is a junior exploration company focused on exploring gold-silver properties in western Arizona and Nevada.
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