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Arizona Silver Exploration reveals more high-grade gold and silver intercepts from its Philadelphia project in Mohave County

The Vancouver-based company saw the highest grades of gold, silver and beryllium in drill hole PC20-37, which reported 33.6 grams/tonne (g/t) gold and 54.7 g/t silver over 2.4 metres

Arizona Silver Exploration Inc. -
Other results reported Monday include 13.3 g/t gold and 179 g/t silver over 1.5 metres

Arizona Silver Exploration Inc (CVE:AZS) (OTCMKTS:AZASF) continues to reveal high-grade gold and silver intercepts from its Philadelphia precious metals project in Arizona.

The Vancouver-based company saw the highest grades of gold, silver and beryllium in drill hole PC20-37, reporting 33.6 grams/tonne (g/t) gold and 54.7 g/t silver over 2.4 metres, within a thicker interval of 10.8 metres containing 9.3 g/t gold, 79.8 g/t silver and 344 g/t beryllium starting from 28 metres.

All five of the other core holes from the initial 2020 drilling program returned “excellent” gold and silver and beryllium results in the target vein adjacent to, and down-dip from, previously announced high-grade gold-silver drill results on the Philadelphia vein, the company said in a statement.

READ: Arizona Silver Exploration set to begin exploration program to test gold-bearing structures at Silverton project in Nevada

Other results reported Monday include 13.3 g/t gold and 179 g/t silver over 1.5 metres, within a thicker interval of 9.3 metres containing 3.3 g/t gold and 80.7 g/t silver, and 11.7 g/t gold and 212 g/t silver over 0.8 metres, within a thicker interval of 5.6 metres containing 3.5 g/t gold and 173 g/t silver.

"We are excited that these results demonstrate the gold and silver grades and thicknesses encountered historically to the south of this drilling grogram continue to the north and remain wide open both along strike and down-dip,” Arizona’s vice president exploration Greg Hahn said in a statement accompanying the results.

“We will continue to pursue this high-grade vein with more core drilling to further identify grade and thickness within the plane of the vein."

The firm added it is planning a follow up drilling program to continue to pursue the vein along strike and down dip of the reported intercepts.

Located in in Mohave county, Philadelphia was discovered in the late 1800s and operated intermittently, mainly between 1917 and 1935 as a 50-tonne-per-day (tpd) underground mine. Past production ranged from 10 to 27 g/t gold with historic silver grades in the production shaft averaging 420 g/t silver.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Arizona Silver Exploration Inc.

Price: 0.29 CAD

TSX-V:AZS
Market: TSX-V
Market Cap: $14.36 m
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Arizona Silver Exploration buys out existing NSR on their Philadelphia Project

Arizona Silver Exploration (CVE: AZS-OTCQB: AZASF) President and CEO Mike Stark joined Steve Darling from Proactive with news the company has decided to buy out the 1% NSR that was on their Philadelphia Project. Stark telling Proactive why they decided to do that and what it means for...

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