Arizona Silver (CVE:AZS) on Tuesday gave an update on progress on the Sycamore Canyon gold-silver epithermal property located in Graham County, Arizona.
The company said the spot coring of outcrops was going well, with spot cores of three-inch-diameter samples, ranging from four inches to eight inches long, being sampled from a hand-held core drill and collected from accessible outcrops of mineralized breccia, which demonstrate detailed textures and loci of gold and silver mineralization across 500 metres of strike length of the breccia.
Nine cores in total were drilled, eight in mineralized breccia and one in strongly argillized wall rock. The eight cores in mineralized breccia contained silver and gold values from 19.8 grams per tonne to 553 grams p/t silver and 0.05 grams p/t to 3.04 grams p/t gold.
Hand-held spot coring was only successful in solid outcrop.
Strongly fractured or oxidized outcrops, which is where many of the higher metal values were detected in previous surface samples, were inaccessible due to steep grades.
The company noted that spot core samples were samples and not necessarily representative of the mineralization hosted on the property.
Permitting progress
The company also received provisional approval of its right-of-way application for commercial access across State of Arizona Trust lands to access the claims, subject to completion of an archeological survey along the existing access and proposed right-of-way.
The right-of-way across state lands is issued for a 10-year period and is renewable and amendable to accommodate the future growth potential of the project. The company has also received comments and questions from the U.S. Forest Service (USFS) to the company's initial plan of operations and is preparing responses to the USFS comments and questions to continue to advance the permitting process.
Chairman Mike Stark said, "We continue to advance the project in accordance with our exploration program and look forward to being able to drill the property once in receipt of all permits."
Shares of Arizona Silver were flat at C$0.10 on Tuesday.