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Arizona Silver Exploration begins a new drill program at its Philadelphia gold-silver project in Arizona

Published: 10:50 09 Feb 2021 EST

Arizona Silver Exploration Inc. -
Arizona Silver Exploration said the new drill program will consist of a minimum of 4000 feet of core drilling in at least 12 holes

Arizona Silver Exploration Inc (CVE:AZS) (OTCMTS:AZASF) said it has signed a new contract for a minimum of 4000 feet of core drilling in at least 12 holes at the company’s Philadelphia gold-silver project in Arizona.

The new drill program will begin in mid-February, with the objective of testing the down-dip extensions of high-grade gold-silver mineralization intersected in the previous round of drilling announced on October 5, 2020.

“We continue to believe we are on the trail of the continuation of the high-grade vein, even though we were interrupted by a fault going down dip. The vein remains open along strike of the high-grade intercept in hole PC20-39A, which intersected 10.76 metres containing 9.26 grams per tonne (g/t) gold, 79.8 g/t silver, and 344 g/t beryllium beginning at a depth of 27.96 metres on section 400N, and which we intend to pursue in the next round of drilling on sections 500N thru 800N,” Arizona Silver vice president of Exploration Greg Hahn said in a statement.

READ: Arizona Silver Exploration continues hunt for large, high-grade targets at Philadelphia and Ramsey projects in the US state

He added: “We will also test the silicified and veined exposures to the west of our previous drilling to see if we can intersect the faulted extension of the down-dip continuation of the main vein. The significantly higher gold grades in core hole -21T then were intersected in RC hole -20 indicate we have to drill core where we encounter high groundwater flows that hamper good sampling protocols with Reverse Circulation (RC) drilling methods.”

Arizona Silver also noted results from its fall 2020 drill program at the Philadelphia project. RC and core holes PC-20-40A/B, PC20-42A/B, PC20-43A/B, PC20-44A/B were all drilled to intersect the down-dip projection of the high-grade mineralization encountered in previous core drilling on the property, but all four holes failed to intersect any vein mineralization.

The company said it interpreted these results to indicate the vein has been faulted off at depth, and it is currently evaluating where the offset portion of the high-grade vein lies.  

It noted that the evidence collected to date suggest the fault is possibly a reverse fault and the continuation of the vein lies to the west beneath the cliffs of silicified and veined rhyolite and granite that has not yet been tested by drilling.

The Philadelphia property, located in Mohave County, Arizona, was discovered in the late 1800s and operated intermittently, mainly between 1917 and 1935, as a 50-tonne-per-day underground mine. Past production ranged from 10 to 27 g/t gold with historic silver grades in the production shaft averaging 420 g/t silver.

Contact Sean at sean@proactiveinvestors.com

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