Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) said all resolutions were passed at its AGM on June 28, with shareholders electing five directors.
They are Gregory A Hahn, Mike Stark, David John Vincent, Scott Hean and Eugene Spiering.
READ THE DEEP DIVE: Arizona Silver hoping to be back on its exciting Philadelphia property as soon as July
Also approved was replacing a fixed stock option plan (less than 10%) with a new 10% rolling stock option plan.
Arizona Silver is an explorer focused on the US state of the same name. After recent encouraging drill results, the focus has been on advancing its Philadelphia property in Mohave county.
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. Past production ranged from 10 to 27 g/t, according to Arizona Silver, with historic silver grades in the production shaft averaging 420 g/t silver. No work has been done there since the Second World War.
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