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Arizona Silver Exploration following the potential at Ramsey project, says Hahn

The firm has carried out three drilling campaigns since it became a public company about a year ago
Arizona Silver Exploration following the potential at Ramsey project, says Hahn
The firm said the Ramsey silver mineral system appeared to be "very large and is wide-open to the east and south

Chief executive of Arizona Silver Exploration Inc (CVE:AZS) Greg Hahn ran through the recent promising drill results from its Ramsey silver project in La Paz County.

He noted that the firm had carried out three drilling campaigns since it became a public company about a year ago, with all three hitting a thick interval of low grade silver.

In all, eleven holes have now been drilled peripheral to the old Ramsey mine area and all have intersected thick zones of silver, he added.

"So now we need to continue drilling outwards from that and following the vectors of increasing potential that the drill data show us," he told Proactive's Andrew Scott.

This week the firm released second phase drill results from the project and said the Ramsey silver mineral system appeared  to be "very large and is wide-open to the east and south, where no previous drilling or mine development has occurred".

Since July, five holes have been sunk, for a current total of 12, from atop the ridge to the southeast of the Ramsey mine workings to test for a continuation of silver mineralization at depth.

All five holes intersected silver, the firm said, with highlights being 62.5 gpt (grams per ton) silver from an intersection of 44.2 metres (m), from a depth of 79.3m.

Also found was a hole, which hit 9.1 meters of 57 gpt silver just 6.1 meters below the surface, underscoring a potential shallow zone, which remains open to additional drilling to the north, east, and south.

"We are encouraged with the results of the drilling east of the old Ramsey Mine workings and have intersected what we think is the periphery of a much larger silver-bearing hydrothermal system centred on the strong alteration mapped to the east and south," the firm said.

Meanwhile, at the western deep IP anomaly, potentially a large target, approximately 800 meters west of the Ramsey Mine area, one hole was sunk and assays are still pending, it added.

Hahn told Proactive the results from that hole were expected if not by the end of November, by mid December this year.

Shares in Arizona Silver were up 5.41% to C$0.20 on Friday.

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