viewArizona Silver Exploration Inc.

Arizona Silver Exploration's Sycamore Canyon sampling beats expectations

Highlights included five samples from outside the breccia zone, the firm said

Arizona Silver Exploration's Sycamore Canyon sampling beats expectations
Pictured is the Sycamore Canyon project in....Arizona

Arizona Silver Exploration Inc (CVE:AZS, OTCQB:AZASF) says recent sampling results from the Sycamore Canyon gold-silver property have beaten expectations.

The work continues to widen the target zone, it said.

Highlights included five samples from outside the breccia zone, which returned values greater than 0.1 gpt (grams per ton) gold with a high of 1.2 gpt of the yellow metal.

Eight of 52 samples returned values more than 30 grams per tonne (gpt) silver, with a high of 156 gpt silver, while another six samples returned values between 10 and 30 gpt silver.

"We are very pleased with these most recent results, which exceed our expectations," said Mike Stark, the chairman.

"The results demonstrate Sycamore Canyon has even greater potential than previously thought. These surface results bode well for a targeted drill programme, which we are actively planning now for the near term."

Arizona added that it had applied for a 10-year right of way to upgrade and maintain commercial access across State of Arizona lands to the Sycamore Canyon property .

It has also submitted a plan of operations to the US Forest Service for an initial drilling programme on the north breccia zone along existing road access.

The company also announced a non-brokered private placing of up to 3.4mln shares at 13 cents a share for gross proceeds of up to C$442,000.

Management and directors are taking part in the financing for a minimum of C$60,000.

Arizona shares added over 8% to C$0.13.

Quick facts: Arizona Silver Exploration Inc.

Price: 0.29 CAD

Market: TSX-V
Market Cap: $14.36 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arizona Silver Exploration Inc. named herein, including the promotion by the Company of Arizona Silver Exploration Inc. in any Content on the...


Arizona Silver exploration prepares to start another drill program at...

Arizona Silver Exploration (CVE: AZS-OTCQB: AZASF) President and CEO Mike Stark joined Steve Darling from Proactive to share news the company is set to resume drilling at their Philadelphia Project in Arizona. Stark talk about this program and how they plan to use two drill rigs in a very...

1 week, 6 days ago

2 min read