Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC) have Identified A big drill target for the gold and silver project in Philadelphia, Arizona after seeing positive results from the Controlled Source Audio Magnetotelluric (CSAMT) geophysical survey.

The company announced on February 7, 2023 that its CSAMT survey identified a large low resistivity layer at a depth of 100 to 200 meters beneath the project’s hydrothermally altered flow dome complex. This layer is potentially a sizable mineralization extending more than 500 meters east of the existing drill hole.

January, Arizona Silver announced Its positive analysis reports that all three core holes drilled in 2022 intersected wide intervals of potential bulk tonnage gold grades.

Both the CSAMT survey and drilling results indicate extensive and significant high-grade gold and silver targets on the west side (boreholes flanking the flow dome) and east side (the survey area below the flow dome) of the Philadelphia project. indicates that there is

“Building ounces in a low sulfide hydrothermal system requires a lot of drilling if you just target the vein itself. Stocks of gold containing oxidization can bring big wins.”

“We intersected a significant width of low-grade material on the side of the flow dome,” said Greg Hahn, vice president of exploration for Arizona Silver. is showing.

Arizona Silver is a young exploration company focused on gold and silver properties in Arizona and Nevada. There are four gold and silver projects to date, including a property in Philadelphia. Silverton Gold Project in Nye County, Nevada. Ramsey Silver Project in western Arizona. A gold and silver project in Sycamore Canyon in Southern Arizona.

The Arizona Silver Exploration Inc. diagram shows a conceptual bulk tonnage target beneath a large flow dome that hosts gold and silver deposits. It also shows an array of drill holes through which targets can be tested. This includes existing drill holes to the west and future drill holes to the east.

Catalyst: New Gold Resources Beneath Historic Mining Sites

The Philadelphia project is located in Mojave County, home to the Oatman Mining District. The district has produced more than 2.5 million ounces of gold from high-grade veins from underground mining activities that took place decades ago.

Chris Temple of The National Investor said last September that Arizona silver could be buried in 3 to 4 million ounces of higher-grade gold resources than most have encountered in Philadelphia properties alone. pointed out that there is a

Arizona Silver said that once the Bureau of Land Management (BLM) approves the operational plan, the western edge of the low resistance strata (called the Red Hills target) covered by the CSAMT study can be easily tested and drilled from the pad. rice field.

Chris Temple of The National Investor said last September that Arizona silver could be buried in 3 to 4 million ounces of higher-grade gold resources than most have encountered in Philadelphia properties alone. pointed out that there is a

The company also discovered a “feeder zone” to the west beyond the low-resistivity layer: drill hole PC22-91, the easternmost of the three core holes, descends more than 200 meters, with pronounced hydrothermal and crossed. The breccia just before the hole was lost due to a stick getting stuck.

The company believes this breccia may be the outer part of the feeder zone, and its analysis shows 2 g/t gold.

“Going forward, once permits are obtained, the objective is to drill a ‘feeder zone’ interpreted as a low resistivity layer from the currently permitted BLM pad,” Arizona Silver said.

The survey results may also identify potential targets as the company begins drilling in the central and eastern sides of the low resistivity formation.

why gold?

With inflation and overall economic sentiment slowing, Bob Hoey One of ChartsandMarkets.com believes the gold sector is “likely in the early stages of a fantastic bull market driven by higher real prices leading to higher profits”.

He further noted that the gold sector could outperform the S&P and that more aggressive fund managers could even pick up gold.

Gold is often seen as a hedge against inflation, so Hoye said gold is “a more profitable indicator than the consumer price index.” He said some investors questioned the central bank’s ability to manage the economy and its recklessness.

“Given the fact that gold will hit $2,670 an ounce by the end of the year, according to the NIA’s exclusive Gold Month Index…the biggest risk in the world is the lack of gold exposure. ” he added.

He further stressed that gold remains an excellent long-term investment strategy to combat accelerating inflation and bear markets.

The National Inflation Association said on February 16 that the gold price will first need to fall and stabilize before finally reaching levels above US$2,000/oz by the end of the year.

“Rising from an extreme low of US$1,615 per ounce on September 28th to a high of US$1,960/oz on February 2nd, gold is ahead of itself, with today’s $1,827.65 per ounce. The US dollar’s short-term dip to the bottom was 100% necessary, healthy and expected,” the NIA said.

“Given the fact that gold will hit $2,670 an ounce by the end of the year, according to the NIA’s exclusive Gold Month Index…the biggest risk in the world is the lack of gold exposure. ” he added.

Why Arizona Silver: Tight Shear Structures and New Gold Discoveries in Arizona

Greg Hahn, Arizona Silver’s vice president of exploration, said Philadelphia is one of the few remaining gold systems in the western United States that has not been evaluated using modern exploration concepts. rice field. By using the latest model, called the “boiling zone,” the company has instantly seen discoveries untouched by previous miners at the site.

“The discovery of the massive tonnage target has answered my question as to why we see such pronounced alteration features on the surface. All this project needs is to demonstrate its true potential.” It’s just drilling for,” Hahn added.

Employing the latest drilling techniques, Arizona Silver has encountered new gold discoveries in the area. The company expects large gold and silver resources to be defined in 2023 and 2024.

When it comes to the market, the NIA said, “The smartest thing to do is buy undervalued gold stocks because the gold industry is one of the most beaten, undersupported, and extremely undervalued. Because it has nowhere to go and it’s going up a lot.”

“Therefore, this is considered an excellent point to buy or add to your position in Arizona Silver Exploration,” Mound said.

The statement reflects Temple’s outlook for Arizona Silver, stating:

He added that it was clear that the stock was “clearly in strong hands” due to its tight share structure and trust from institutional investors.

Arizona Silver’s president and CEO, Mike Stark, backed this up, saying that the tight stock structure wouldn’t collapse, that management has large stakes in the company, and that these investors have no intention of selling their shares. emphasized.

“The company has a very low burn rate,[and]the money is getting to the ground and propelling assets forward for higher shareholder value. Philadelphia is getting bigger with every drill hole,” Stark added. I got

“We firmly believe that Arizona is the next gold and silver discovery. It is a strong statement, but our drilling results speak for themselves. We are approaching and strategically designing our program. We are a profitable way to invest our shareholders’ money from the beginning,” Stark said.

On Valentine’s Day, technical analyst Clive Maund also shared his love for Arizona Silver.

He shared the chart above and said, “Therefore, this is considered an excellent point to buy or add positions in the Arizona Silver Exploration.”

Ownership and share structure

Management, advisers and other insiders own more than 28% of Arizona Silver, according to the company.

Advisor Brandi Stiles holds a 14.11% stake in 9.77 million shares, according to Reuters. Vice President of Exploration Greg Hahn said he’s 4.68% and 3.24 million. President and CEO Mike Stark is 3.79% of him, at 2.62 million. CFO Dong H. Shim at 1.16% at 0.8 million and Eugene Director (“Gene”) Spiering at 0.09% at 0.06 million.

Institutional and strategic investors hold 9%. SSI Wealth Management AG holds 8.11% of his 5.62 million shares and also owns Moloney Securities Asset Management LLC. is 0.01%, which is 0.01 million.

41% are with family or friends at work.

The remaining 22% is held by individual investors.

The company does not disclose total cash, but the monthly burn rate is CA$24,000. Drilling costs total CA$50/ft for core and approximately CA$35/ft for reverse circulation all-in costs.

Arizona Silver has a market cap of C$21.48 million, 69.2 million shares outstanding, and has traded between C$0.17 and C$0.60 over a 52-week period.

Disclosure:
1) Nika Cataldo wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or a member of her family owns securities of the following companies mentioned in the article: None. She or her family receives payments from the following companies mentioned in this article: None.

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