Business
Arizona Silver Exploration Inc. Intersects 156 feet (47.5 metres) of 32.4 gpt Silver at Ramsey Silver Project, La Paz County, Arizona
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2017) - Arizona Silver Explorati...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"\nArizona Silver Exploration Inc. Intersects 156 feet (47.5 metres) of 32.4 gpt Silver at Ramsey Silver Project, La Paz County, ArizonaVancouver, British Columbia--(Newsfile Corp. - February 14, 2017) - Arizona Silver Exploration Inc. (TSXV: AZS) (the \"Company\") is pleased to announce the second batch of drill results from the first phase of drilling on the Ramsey Silver Project located in La Paz County, Arizona. Drill ResultsDrill hole R1605-C intersected 156 feet (47.5 metres with approximate true width of 32 metres) containing 32.4 g/tonne (gpt) Ag between 250-406 feet (76-124 metres) depth. R1605-C was a vertical hole. Within this zone is a higher grade grey matrix silica zone 5 feet wide (1.5 metres) containing 280 gpt Ag. The entire intercept is within silicified rhyolite that is hanging-wall to the high-grade vein and associated footwall silver mineralization that was reported previously from hole R1602-C. Drill rods in hole R1605-C got stuck in a fault immediately below the intercept reported above, and the hole had to be abandoned. The lead, zinc, and gold content of the hanging-wall zone are negligible.This intercept is significant in that it demonstrates that appreciable thicknesses of silver occur in the rhyolite above the high-grade vein that was the focus of historic production in the old Ramsey Mine workings and the associated footwall silver intercepts that were reported from holes R1602-C. Hole 1602-C is located 73 metres to the south of R1605-C. Hole R1602-C intersected 91 feet (27.7 metres approximate true width) grading 63 gpt Ag. The intercepts in R1602-C and R1605-C are separated by a large fault that appears to have moved the hanging-wall zone to the north relative to the footwall zone. Together, the hanging-wall and footwall zones comprise a package of silver mineralization that appears to have been 240 feet thick (60 meters true width) averaging 46.4 gpt Ag before it was faulted. The recognition of this fault explains why the vein appears to be sheared in the accessible underground workings.This mineral system appears to be very large and is wide-open to the north of hole R1605-C, where no previous drilling or mine development has occurred and where we have detected a large magnetic anomaly over 0.5 kilometres in diameter that we believe is the faulted extension of the mineralization intersected in thi...