Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) CEO Mike Stark talked with Proactive about the company's latest developments at its Silverton Project in Nevada.
Stark announced that the company has secured a key drilling permit, which allows for 17 drill pads and up to 27 holes focused on near-surface drilling.
The primary interest at the Silverton site is antimony, a critical mineral currently in high demand.
Stark highlighted the strategic importance of antimony, noting: “There’s tremendous interest in the product of antimony right now… the US government is spending millions to self secure their opportunity for this product.”
With antimony prices reaching nearly $60 per pound, this asset presents strong potential.
The company’s focus remains on its Philadelphia property, but Stark described Silverton as “really on a silver platter for somebody now.”
Arizona Gold & Silver is actively seeking a joint venture partner with the credibility to develop Silverton, which also has confirmed gold mineralization based on historical exploration work by Newcrest.
This dual-resource opportunity, involving both antimony and gold, positions Silverton as a valuable secondary asset capable of delivering shareholder value while Arizona Gold & Silver continues advancing its primary project.