Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) said recent drilling at the Rising Fawn target on its Philadelphia project returned consistent gold mineralization.
Drill holes were designed to fill gaps in drilling data within the near-surface mineralized zone. Highlights included 38.1 meters at 0.97 grams per tonne (gpt) gold and 5.65 gpt silver, and 57.9 meters at 1.03 gpt gold and 1.87 gpt silver.
Another hole intersected 63.9 meters at 0.81 gpt gold and 2.9 gpt silver.
In a statement, the company said the results compare favorably to previous drilling at Rising Fawn, showing improved thicknesses over historic 1980s drill holes.
Greg Hahn, vice president of exploration, said the company remains focused on defining a bulk-tonnage, low-grade heap-leachable gold resource above 0.5 gpt gold, a grade that has proven mineable in the district.
“Our results demonstrate we are successfully accomplishing our objective,” Hahn told shareholders.
“We are continuing the core drilling program by pursuing the intercepts reported here down-dip beneath alluvial cover.”
Drilling is continuing down-dip of the Rising Fawn intercepts.
Cores from three additional holes have been submitted for analysis, with further samples expected in the coming weeks.