We are only three months in but junior Arizona Silver Exploration Inc (CVE:AZS, OTCQB:AZASF) hasn't let the grass grow under its feet in 2018.
At its flagship Ramsey silver project, it has been busy with the drillbit aiming to further understand the property's potential, also the firm has bolstered its board, started trading on the OTCQB venture market, and has just announced a new lease deal for a property in Arizona.
The latter is on the Sycamore Canyon gold-silver epithermal property in Graham county, where the firm will have the option to buy it.
Previous sampling has shown values up to 31 grams per tonne (gpt) gold, or 0.903 ounces per ton (opt) gold, and 458 gpt (13.34 opt) silver from within the silicified breccia, but despite attractive historic assays, the silicified breccia has yet to be tested with one drill hole, Arizona noted.
Ramsey drilling has impressed..
Meanwhile, at Ramsey last year, as well as a number of promising intersections in various programmes, drilling showed that the silver system was open in three directions.
These were south, east and north of the original Ramsey mine and that mineralisation was close to the surface, which means it may be suitable for an open-pit.
In January, the firm started the rigs turning again and earlier this month, it said it had completed, within budget, a first quarter 2018 reverse circulation (RC) drill programme.
All holes hit the target zone and the firm will announce the results as soon as all "seven" holes have been assayed, the mining firm said.
Meanwhile, a second phase of ten holes has been permitted on patented claims, pending the results of the first and deciding on drill targets.
WATCH: Arizona Silver encouraged by latest Ramsay drill assays
In February, the firm bolstered its board with the appointment of experienced executive Scott Hean as director, who has 40 years' experience in junior mining exploration finance, international banking and international finance.
That came just days after the group appointed professional engineer David Vincent as a director.
As a senior executive with BAE Systems plc (LON:BA), the global aerospace company, he gained significant experience in various areas, including feasibility studies, project financing, project management and marketing within the UK, the Middle East and Europe.
Not forgetting blockchain..
The group also revealed in February this year that it had embraced the blockchain phenomenon.
It has become a founding member of an ethereum blockchain strategic alliance for gold-and-silver-asset-backed cryptotokens.
The alliance’s members will seek to collaborate on the future offerings of cryptotokens and potential future initial token offerings (ITO).
These offerings may be backed by gold and/or silver forward delivery, using gold and/or silver royalty streaming and other asset backed models, to develop future financing models for financing future exploration, feasibility studies, mine development and/or mine expansion, by members.
Other founder members are Canamex Gold Corp, Guyana Goldstrike Inc, Cabral Gold Ltd and Altamira Gold Corp.