Arizona Gold & Silver Inc (TSX-V:AZS) announced that it has received approval from the Bureau of Land Management (BLM) to commence exploration drilling on the Red Hills gold target on the Philadelphia gold-silver project in Arizona.
The company said it had been awaiting a BLM Record of Decision and Finding of No Significant Impacts.
It said the approval of the proposed exploration plan will allow it to upgrade two access roads and build two drill pads and sumps for the drilling of up to 40 holes.
These holes will test the continuity of mineralized rock intersected on patented claims on the western edge of the Red Hills target, the company added.
“The approval of the proposed drilling plan paves the way for the company to pursue extensions to significant drill intercepts encountered in 2021 to 2022 on the company’s immediately adjacent Rising Fawn and Perry patented claims,” Arizona Gold & Silver vice president of exploration Greg Hahn said.
The company has agreed to several environmental mitigation measures both prior to and during drilling to help protect sensitive species known to be present in the general area.
It said that all disturbances will be reclaimed as soon after completion of drilling as is practicable, including regrading and reseeding of the disturbances upon completion of the drilling program.
Investors welcomed the news, with shares of Arizona Gold & Silver up 3.5% on Wednesday morning.