Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) said Tuesday that it had received approval from the US Bureau of Land Management to begin drilling at its Silverton precious metals project in Nevada.
The Vancouver-based company is planning a drill program to test several gold-bearing structures on the property located in Nye County.
Under the notice of intent, the firm plans to conduct an exploration program consisting of the construction of 5,000 feet of road access, two drill pads, and up to eight drill holes to depths of 500 feet each.
READ: Arizona Silver Exploration back on track at Philadelphia project after first 2020 drill hole hits high grades
A reclamation bond of US$10,248 is required to be posted before road construction and drilling can begin, Arizona Silver told shareholders.
“The Long Canyon sediment-hosted deposit located in Humboldt County and operated by Newmont Mining is the model for the type of deposit we are exploring at the Silverton property, and is an example of a Carlin-type deposit that is significantly off the Carlin trend,” the company said in a statement.
Silverton has seen limited exploration, with the only drilling completed by Western Gold Exploration and Mining in the late 1980s. Drill holes intersected low grade gold values within the jasperiods, but the operator failed to test for near-vertical feeder zones which is what appear to contain the higher gold values in surface rock samples.
Arizona Silver is currently targeting the southwest end of a band of anomalous surface rock samples from historical data collected over the last few decades by several companies, including Newcrest Resources in the early 2000s. The band of anomalous gold extends for two kilometers northeast and includes multiple zones of brecciated and dolomitized limestones and jasperoids.
Contact Angela at firstname.lastname@example.org
Follow her on Twitter @AHarmantas