Arizona Silver Exploration Inc (CVE: AZS) (OTCMKTS:VGCP) announced Wednesday that it has completed its first round of drilling at its Philadelphia project, a high-grade gold and silver vein target located in Mohave County, northwestern Arizona.
The company said the six-hole exploration drill program tested the easterly dipping mineralized structure along a dip length of over 150 metres.
"Descriptions of grades and thicknesses from underground sampling completed more than 100 years ago helped the Arizona Silver Exploration team to plan the program," noted the company in a release. The Philadelphia property was discovered in the late 1800s and operated intermittently, mainly between 1917 and 1935, as a 50-tonne-per-day underground mine.
Philadelphia’s past production ranged from 10 to 27 grams per tonne gold, according to Arizona Silver, with historic silver grades in the production shaft averaging 420 grams per tonne silver.
The area is easily accessible, and initial drilling took place less than 100 metres from paved roads.
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.
Arizona Silver gears up for more drilling
Arizona Silver is gearing up for more drilling, as its 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.
Arizona Silver "looks forward to following up its 2018 spot coring program with the first drill program ever to be conducted on this property," it noted in a release.
Shares of Arizona Silver were at C$0.16 on Wednesday.
Contact Katie Lewis at [email protected]