Gold production has been declining since 2019, when the BBC said it likely had reached its ‘gold peak’. However, the start-up Canadian firm believes it has secured the last accessible gold reserves in the United States.
Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC) It primarily engages in junior mining exploration in the western United States, with a focus on exploration of gold and silver deposits in western Arizona and Nevada.
That project includes Philadelphia property, Silverton Gold Project, Ramsey Silver Projectand Sycamore Canyon ProjectThe Philadelphia property is located in Mojave County, Arizonaand consists of approximately 2,400 claims. The Ramsey Silver Project and the Sycamore Canyon Project are also in Arizona.
The Silverton Project Carlin type gold prospecting property Nye County, Nevadathere are about 77 unpatented mining claims covering about 1540 acres.
Catalyst: America’s Last Great Gold Mine?
“The Philadelphia property is one of the few remaining gold systems in the western United States that has never been evaluated using modern exploration concepts,” explained Greg Hahn, Arizona Silver’s vice president of exploration. To do.
“Recent discoveries using models of”boiling zoneIt was discovered immediately. Bulk He found the tonnage target and answered my question as to why the surface is characterized by such marked changes. This project only needs drilling to demonstrate its true potential. ”
CEO Mike Stark said, “We are drilling into one of the most exciting new gold discoveries in Arizona and expect to define a large gold and silver reserve in 2023-2024. ing.
Gold will end 2022 at US$1,825 per ounce, with many analysts predicting a sizeable price gain. Summary article published by GoldSilver.com.
The company announced on April 25, Announced that core drilling has started Test the western edge of the Red Hill CSAMT geophysical anomaly.
Hahn said, “The downward sloping extension of the HW vein beneath the last drill intercept of the PC22-91 hole, the interpreted feeder zone to the Red Hill CSAMT anomaly, and the western edge of the anomaly itself with two core holes. We look forward to testing the .”
Details of the uncut drill length intercept for PC22-91 are as follows:
- Fine Lode Spacing: 176.59-178.96 meters, 2.38m, gold 6.71 gpt, silver 22.6 gpt
- Total mineralized zone: 173.5-252.1m (end of hole): 78.7m, 0.964 gpt gold, 9.20 gpt silver.
Why this sector? Plateau production
If the source cited by the BBC turns out to be correct and global gold production passes its peak, the remaining sources of easily accessible underground ore are poised to become very valuable fairly quickly. I’m here.
Gold will end 2022 at US$1,825 per ounce, with many analysts predicting a sizeable price gain. Summary article published by GoldSilver.com.
“Overall, we expect 2023 to be a price-friendly year, supported by a recession and stock market valuation risks,” said Ole Hansen of Saxo Bank, Denmark. “It’s a combination of a peak and the prospect of a weaker dollar and irreversible inflation.” Expected sub-3% levels by year-end — all add support. Gold prices go higher as markets perceive global inflation to remain high despite monetary tightening I guess.”
As Juerg Kiener of Swiss Asia Capital points out, “Gold is also the only asset owned by all central banks.”
Of course, gold isn’t the only metal Arizona Silver poised to break out of the ground. As the company’s name suggests, where there’s gold, there’s silver, and analysts are equally bullish on white metals.
As Clive Mound put it, Arizona Silver stock “performed exactly what was expected in the last update.”
speak to CNBCJanie Simpson, Managing Director ABC bullion, “In years of high inflation, silver has historically delivered returns of nearly 20% annually. It’s not surprising that it’s coming, but it will probably offer a lot of resistance.”
Nicky Shiels, Head of Metals Strategy at Precious Metals Company MKS Pump I agreed with that assessment in the same report. “Silver is scarce,” she explained new york and of London It’s a physical hub and more than you’ll find in gold. “
Like gold, it’s entirely possible that silver production has peaked forever.as president wheaton precious metalsRandy Smallwood Details said:
Reasons to choose this company Untapped reserves
While the market is scrambling to find alternative sources of silver and gold, Arizona silver appears to be on a sizable amount of abundant ore and almost ready to be mined.
“We have only examined 40 acres of our 2,400-acre lot,” explains CEO Stark. recent interview“We haven’t even scratched the surface here.”
In a private communication with Streetwise Reports, he said the company “has one of the tightest stock structures – it hasn’t been blown up – management has a big stake in it too, and selling shares is a no-brainer.” No,’ he explained.
“The company has a very low burn rate, and funds are put into the ground to advance assets to increase shareholder value. of ground drilling hit 100% of the boreholes and all boreholes are larger.”
why now?Last chance for pre-development price
As Clive Mound said in an analysis released on April 16, Arizona Silver’s stock “performed exactly what was expected in the last update . . . bottom of the head and shoulders. The purpose of this update is to point out that it is currently very overbought and hitting its target at last year’s high of $0.60 CAD. .”
Management and advisors own over 28% of the company. Advisor Brandi Stiles owns 14.11% of him in 9.77 million shares, according to Reuters. VP of Exploration Greg Hahn is 4.68% of him, at 3.24 million. President and CEO Mike Stark said he is 3.79%, 2.62 million. CFO Dong H. Shim is 1.16% at 800,000 and director Eugene (“Gene”) Spiering said he is at 0.09% at 0.06 million.
9.9% of Arizona Silver is owned by the institution. Wealth Management AG owns 8.11% of him in 5.62 million shares and also holds Moloney Securities Asset Management LLC, according to Reuters. is 0.01%, which is 0.01 million.
Family and friend investors control about 41%.
The rest are held by individual investors.
The company’s monthly burn rate is about C$28,000, mostly spent on drilling.
Arizona Silver Exploration Inc. has a market capitalization of CA$33,500,000. The company has 69,201,075 shares outstanding, including 8,521,426 warrants and 5,487,250 options.
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