viewArizona Silver Exploration Inc.

Arizona Silver hits visible gold in majority of drill holes at Philadelphia project

The explorer intersected gold in five of the nine holes drilled on the property

Arizona Silver Exploration Inc. -
High grade gold was first identified on the vein in October 2019

Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) said Tuesday that it had intersected visible gold in five of nine drill holes on its Philadelphia project in northwestern Arizona. 

The positive results come as the Vancouver-based explorer wraps up a nine-hole program designed to test the along strike and down dip extensions of the high-grade gold and silver vein target. 

High grade gold was first identified on the vein in October 2019. 

READ: Arizona Silver Exploration buys out leases on 11 claims at Philadelphia property

In the current drill program, Arizona Silver’s drilling partner Harris Exploration Drilling sank 2,160 feet (659 metres) of reverse circulation drilling. Six of the holes intersected good vein intercepts of 15 to 60 feet (4.5-18.3 metres), all with demonstrated epithermal vein and “boiling textures,” according to Arizona Silver. 

Five of the six holes contained visible gold in the reverse circulation cuttings within and outside of the vein intercepts, Arizona Silver said in a statement. Two of the other holes hit the Arabian fault, which hosts the Philadelphia vein, but with no visible vein mineralization along it, according to the company. 

Arizona Silver said it is planning a follow-up drill campaign anywhere between 10 to 20 holes to pursue the open strike and dip extensions on the property. 

Drill samples were sent to Tuscon’s Skyline Laboratories for analysis. 

Shares of Arizona Silver eased 5.6% in Toronto at C$0.17 and traded around US$0.12 over the counter on Tuesday midday.  

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Arizona Silver Exploration Inc.

Price: 0.175 CAD

Market: TSX-V
Market Cap: $10.12 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 signs agreement on Perry Patented Claim next to...

Arizona Silver Exploration (CVE: AZS- OTC: AZASF) President and CEO Mike Stark joined Steve Darling from Proactive with news the company has signed a lease agreement with the property right next to their Philadelphia project. That is the Perry Patented Claim. Stark talks about getting this...

2 weeks, 4 days ago

2 min read