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Arizona Silver kicking off drill program at Philadelphia project

The company announced that an exploration drill rig was mobilized to begin a six-hole program expected to last a week

drill bit
The Philadelphia project is the first of the junior explorer’s two gold and silver projects to be drilled

Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) is kicking off a new drill program at its Philadelphia gold project in northwestern Arizona.

An exploration drill rig has been mobilized to begin a six-hole program expected to last one week, the firm said.

The Philadelphia Project is the first of the junior explorer’s two gold and silver projects to be drilled. The Sycamore Canyon gold-silver property in Graham County, Arizona, is now in the final permitting process.

READ: Arizona Silver prepares to move forward with drilling at Philadelphia project; shares rise

Drill samples will be sent to an ALS Minerals facility in Arizona for preparation, while pulps will be delivered to an ALS laboratory in Vancouver for analysis.

The Vancouver-based company plans to drill six holes in a bid to demonstrate the continuation of a high-grade vein that was historically mined in the early part of the 20th century.

Philadelphia’s past production ranged from 10 to 27 grams of gold per ton, according to Arizona Silver. The area is easily accessible, with initial drilling to take place less than 100 metres from paved roads.

Shares of Arizona Silver sat at C$0.15 in Canada and US$0.11 in the US on Wednesday.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Arizona Silver Exploration Inc.

Price: 0.165 CAD

Market: TSX-V
Market Cap: $6.81 m

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