Arizona Silver Exploration Inc (CVE:AZS) has unveiled first drill results from its campaign at the Ramsey silver project in La Paz county, where silver was encountered.
Hole R1703 was sunk 450 metres north of the Ramsey Mine workings to test the western part of a large magnetic and induced polarization anomaly.
The hole hit strong magnetite and hematite bearing zones with strong silicification, the mining firm said, but only weak silver mineralization in the interval from 232 metres to end of the hole at 290 metres, which contained between 0.5 to 3 gpt (grams per tonne) silver throughout the interval.
Arizona noted that a black iron- and silica-impregnated sandstone hit between 171-203 metres contained anomalous iron, copper, nickel, zinc, and vanadium and bore strong similarities to the mineralized zone at the Copperstone gold deposit 25 miles to the northwest of the Ramsey Mine.
This iron-rich interval and the lower silver-bearing interval will be analysed for gold, it said.
R1702 hole hit massive silica with disseminated sulphides and oxides in the interval 107-152 metre but results indicated there is no silver in this interval, the group said.
The hole was lost at 207 metres when the hammer broke so the detachment fault target which is the location of the Ramsey Mine silver mineralization was not tested.
Samples from drill holes R1701, R1704, and R1705 are in the lab and being processed.
Remaining drilling for this program will continue immediately south of the silver intercepts reported previously from the 2016 drilling, the company said.