Arizona Silver has found visible gold in its Philadelphia estate. Check out the impressive assay results from this project.
Arizona Silver Exploration, Inc. (AZS:TSX; AZASF:OTC) Announced test results From the PC23-111 core hall of the Philadelphia, Arizona project.
The results revealed a large amount of gold and silver, intersecting the project’s three different veins.
Assay result
Arizona Silver announced that it has received final analysis results for core hole PC23-111 at the Philadelphia Surface Thermal Gold and Silver Project in Mojave County, Arizona. This borehole was intended to test the descent, where the eastern extension of the vein and stockwork mineralization intersected at the previous deepest borehole approximately 30 meters away.
The core hole crossed 102.15m from 182.30m to 284.45m with 0.716g/t gold (Au) and 4.56g/t silver (Ag). Total interval includes three corner-bent vein segments. 6.2g/t Au and 11.3g/t Ag at 3.2m at 182.3m to 185.5m depth, 4.04g/t Au and 9.2g/t Ag at 1.0m 230.6m to 231.6m depth, 275.15m to depth 1.91g/t Au and 8.77g/t Ag at 6.49m at 281.64m.
The actual thickness of the section is about half the drilled thickness. The three veins referred to are the hanging wall vein, the middle vein, and the anterior wall vein.
According to Greg Hahn, Vice President of Exploration, “As expected, PC23-111 confirms the continuation of the mineral system’s downtrend and eastward direction. We are currently working on a new -45 degree hole from the same pad. I am waiting for the result of PC23-112 which is “location is PC23-111. That hole tests the western portion of the low-resistivity CSAMT anomaly, which is believed to be the clay cap overlying the boiling zone of the Red Hills target. Samples are in the lab and results will be announced upon receipt. ”
Silver and gold still trade at high levels
In the current uncertain economic climate, gold has become a hot commodity for investors. Rick Mills beyond what you’ve heard They identified several key drivers for gold, including central bank buying, a weaker dollar, and recession fears.
Chris Temple national investor described the company’s findings as “very exciting,” and said, “If we can get some of these holes out of some of these holes, free and visible gold out of the abrasive, that’s attention-grabbing!” .
The purchases by the central bank are expected to continue, and the economic instability caused by the conflict in Ukraine is not expected to subside anytime soon.
Additionally, another gold mining company Arizona Gold 50 (ASX:G50) has been successful in its analysis.according to stock headThe company added, “There were also some impressive silver hits, with 1.2g/t gold, 399g/t silver, 0.31% copper and 0.55% zinc from directly below the historic underground facility at 61.0 meters and Hall GRC0311. It shows meters.”
One of the few unexplored gold systems
According to Greg Hahn, Vice President of Exploration, “The Philadelphia deposit is one of the few remaining gold systems in the western United States that has never been evaluated using modern exploration concepts. The ‘boiling zone’ model. As a result of our recent findings using
The company expects further pending drilling results to be announced anytime, and has achieved 100% borehole hits for all patented surface drilling and mineable grades for 2021 and beyond. .
Chris Temple national investor described the company’s findings as “very exciting,” and said, “If we can get some of these holes out of some of these holes, free and visible gold out of the abrasive, that’s attention-grabbing!” . Temple said the company is already outperforming its peers among lower-tier miners, and the news could signal an even better performance.
Ownership and share structure
Brady Stiles owns 10.62 million shares and owns 15.29% of the company; Gregory A. Hahn owns 3.79 million shares and owns 5.32%; Mike Stark owns 2.64 million shares and owns 3.71%; David John Vincent owns 1.25 million shares It owns 1.75% of the shares and is owned by Dong Hyun Shim. 900,000 shares with 1.27%, Eugene Spiering with 0.09% with 0.6 thousand shares, and James B. Enderle with 0.07% with 0.5 thousand shares.
SSI Wealth Management AG owns 7.88% with 5.62 million shares and Moloney Securities Asset Management owns 0.01 million shares with 0.01%.
The company reports that it has no strategic investors.
No potential sellers or guarantors overhang.
The company is not affiliated with any IR company or influencer.
The number of issued shares is 71.3 million shares. The company has a market capitalization of C$23.75 million. It trades between C$0.17 and C$0.59 over a 52-week period.
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Important Disclosure:
- Arizona Silver Exploration Inc., an affiliate of Streetwise Reports, has a consulting relationship and pays consulting fees between US$8,000 and US$20,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including their family members) own securities of Arizona Silver Exploration Inc.
- Amanda Duvall I am writing this article for Streetwise Reports LLC and serve Streetwise Reports as an employee.
- This article does not constitute investment advice. Each reader is advised to consult their own financial professional. By opening this page, each reader agrees to the Streetwise Reports Terms of Use and full legal disclaimer. This article is not a solicitation for investment. The Streetwise Report does not provide general or specific investment advice, and the information in the Streetwise Report should not be considered a recommendation to buy or sell any security. The Streetwise Report does not endorse or recommend the business, products, services or securities of any company depicted in the Streetwise Report.
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