Arizona Silver Exploration Inc has picked up more claims around its Philadelphia project in Mohave County after recent high-grade drilling results highlighted the potential of the wider property.
The Vancouver-based company added another 10 lode mining claims, comprising 200 acres, around the project.
In a statement, Arizona Silver’s vice president of exploration Greg Hahn told investors that the new claims cover the depth extension of the Perry vein system that returned high grade gold results a few weeks ago.
READ: Arizona Silver Exploration hits high grade gold and silver mineralization at the Perry vein on its Philadelphia project
“The new claims cover strongly altered and iron oxide-stained flow dome rhyolite that forms the hanging wall of the vein system where drilled,” Hahn said.
“Significantly, alteration in the rhyolite is strong to intense which suggests it overlies a robust mineral system. In my view it was imperative that we secure the potential depth extensions of the vein system beneath such impressive hydrothermal alteration.”
Arizona Silver said that the eastern portion of the new claims cover a shallow bowl-shaped area in unmineralized and weakly altered to unaltered volcanics, which the company thinks could be a potential waste rock disposal site for future open pit mining at Philadelphia.
The junior resource firm owns gold-silver projects in western Arizona and Nevada.
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