Business
Arizona Gold & Silver Inc. Commences Reverse Circulation Drilling at the Philadelphia Gold-Silver Project, Arizona
(TheNewswire) Vancouver, British Columbia, April 10, 2024 – ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Gold & Silver Inc. Commences Reverse Circulation Drilling at the Philadelphia Gold-Silver Project, Arizona\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia, April\n10, 2024 –\n \n \n TheNewswire\n \n \n –\n \n \n \n Arizona Gold & Silver\nInc.\n \n \n \n \n (TSXV:\n \n \n \n AZS\n \n \n \n )\n \n \n \n \n \n (\n \n \n OTCQB:AZASF\n \n \n )\n \n \n announces\nthat equipment is on site for reverse circulation (RC) drilling on the\nPhiladelphia Gold-Silver Property, located in Mohave County, Arizona.\n \n \n \n \n Mr. Greg Hahn, VP Exploration commented,\n“\n \n \n We are excited to resume\ndrilling on the Philadelphia property. This round of drilling will\ntest the entire 400 metre strike length of the Resaca patented claim,\na segment of the vein system that has never been drilled before. This\nis despite the presence of old high grade mine workings at the north\nend of the claim. Similarly, there is reported high grade in a\nhistoric vein intercept at the south end of the area to be drilled (on\nthe adjacent Rising Fawn claim). The overall objective of this\ndrilling program is to complete drill testing of the shallow portion\nof the vein system and help establish priorities for drilling down\ndip.”\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n Proposed Drill\nProgram\n \n \n \n \n \n \n Reverse circulation (RC) drilling will commence on the north end of\nthe Resaca claim, immediately south of the historic R1 shaft, which is\nthe southernmost shaft to access historic mine workings. It will then\nprogress southward.\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n Historic channels samples from 1930 along the R1 shaft down to the\nwater table at the 100-level returned\n \n \n \n 21.34 metres (“m”) at an average grade of\n \n \n 8.33 grams per tonne (“g/t”) gold (0.242 opt Au). Such\ngrades were the target of historic mining activity. Company geologists\nhave determined that this shaft followed the hanging wall (“HW”)\nvein above both the stockwork interval and FW vein.  The HW vein is\nburied by alluvium to the south of the R1 shaft.\n \n \n \n \n Company channel sampling at surface...