Arizona Silver Exploration Inc has announced drill results from two core holes at its Philadelphia gold project in Arizona.
The first, hole PC22-93, was drilled 350 meters north of the northernmost core holes completed earlier in the program and successfully extended the strike length of the mineral system to more than 750 meters.
It tested below a prominent ridge on the Rising Fawn claim that had caught the attention of Meridian Gold in 1982. The hole successfully intersected good quartz vein mineralization in the upper portion of the hole.
READ: Arizona Silver Exploration hits high-grade gold and silver at its Philadelphia project in Arizona
Specifically, the interval of interval 27.84 to 46.01 meters averaged 1.20 grams per tonne (g/t) gold and 13.31 g/t silver within a broader interval, 27.84 to 67.99 meters, that averaged 0.78 g/t gold and 8.79 g/t silver.
“The results of this hole are encouraging and require us to follow up with additional drilling to flesh out the extent of the gold bearing quartz veins along the entire strike length of the hill which is about 450 meters,” vice president of exploration Greg Hahn said in a statement. “We now have gold mineralization in drill holes along 750 meters of strike length and [more than] 200 meters of dip extension that needs to be fleshed out with additional drilling.”
“I look forward to a resumption of drilling following the summer heat,” he added.
Meanwhile, PC22-92T was intended to be a twin of reverse circulation hole PRC21-85, which intersected 115.85 meters of 1.34 grams per tonne g/t gold and 5.79 g/t silver, for quality control purposes. Unfortunately, the company noted, it intersected a significant fault zone and suffered poor recoveries as a result. It also deviated from the intended azimuth by 20 degrees and therefore was not a valid twin.
PC22-92T itself intersected a zone of mineralization from 119.51-154.57 meters averaging 0.85 g/t gold and 5.27 g/t silver, including an upper vein intercept of 5.32 g/t gold and 13.7 g/t silver from 121.04-122.1 meters. That was all within a broad zone from 50.91-188.41 meters averaging 0.41 g/t gold and 2.22 g/t silver.
Going forward, Arizona Silver plans to drill southward from the site of PC-22-93 to the Shark Fin area towards what it called "excellent holes" PC-22-86 through PC22-91. This open extension to the Shark Fin area is expected to host both vein and stockwork mineralization over a width of 30-80 meters, the company said.
Up to 26 RC drill holes (about 5000 meters) have been designed to test a target area approximately 500 meters long, and first pass drilling will test the area to a vertical depth of approximately 100 meters.
Additionally, from the site of hole PC-22-91 reported in June, the company plans to drill to the south for a strike length of 300 meters. This Southern Gap is bounded to the south by an array of Arizona Silver drill holes, including the aforementioned drill hole PC-22-92T. This target area is scheduled for drilling when we can get a core rig back on the property, the company noted.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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