Arizona Silver Inc said it has completed three more drill holes at its Philadelphia gold project in Arizona.
The company's vice president Exploration Greg Hahn told investors that the core drilling program is progressing “very well.”
“We are intersecting our target at anticipated depths and intervals on all holes. Geologically, the mineral system continues to appear stronger in the deeper holes,” Hahn said in a statement.
READ: Arizona Silver completes first two core holes at Philadelphia project in Arizona
In the first section, Arizona Silver said the total thickness of the visually mineralized interval is 73.90 metres. The company said it will drill one more hole on the section to test the down-dip continuation of the mineral system below the intercept.
In the second hole, the overall thickness of the visually mineralized interval is 13.81 metres and 30.40 metres, respectively, thinner than the deepest intercept in hole PR22-88, which Arizona Silver said suggests the mineral system is stronger with depth, or has been truncated near the surface.
“We will continue to chase the system down dip, particularly as the deepest (vertical) hole is only 219 metres below surface,” Hahn added.
“The two core holes, PC22-89 and PC22-90, into the ‘shark fin’ target is visually remarkable with respect to vein thickness and textures, however the strength of the mineral system will be defined by the assays."
Vancouver-based Arizona Silver is focused on exploring gold-silver properties in western Arizona and Nevada.
Contact Angela at angela@proactiveinvestors.com
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