Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) earlier this week provided an update on its exploration efforts at the Philadelphia project in Arizona's Red Hills region.
CEO Mike Stark talked to Proactive about the completion of the first drill in a planned 40-hole core drilling program. The company exceeded the initial target depth, producing promising core samples set for lab analysis.
Stark expressed satisfaction with the results, stating, "We hit it."
The ongoing program includes three more deep drillings, reaching from 800ft to 1,000ft, before moving operations to BLM Pad number two to continue exploring deeper extensions in the area.
Stark emphasized that while the company has drilled 130 holes so far, substantial portions of the project remain untapped, particularly a kilometer and a half to the south.
The company aims to uncover more of this promising site, showcasing potential for expanded resource confirmation. Despite challenging conditions, such as adverse weather, Stark conveyed optimism and commitment to the continued exploration at the Philadelphia project.
This steady progress could signal potential growth and enhanced value for stakeholders as Arizona Gold & Silver advances its strategic drilling operations.
Shares of Arizona Gold & Silver closed 11.6% higher to end the week of November 8.