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Arizona Silver Exploration Inc. Intersects 50 Feet (15.3 Metres) of 102 GPT Silver at Ramsey Silver Project, La Paz County, Arizona
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2017) - Arizona Silver Exploratio...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"\nArizona Silver Exploration Inc. Intersects 50 Feet (15.3 Metres) of 102 GPT Silver at Ramsey Silver Project, La Paz County, ArizonaVancouver, British Columbia--(Newsfile Corp. - January 31, 2017) - Arizona Silver Exploration Inc. (TSXV: AZS) (the \"Company\") is pleased to announce initial drill results from the first phase of drilling on the Ramsey Mine silver project located in La Paz County, Arizona. Initial Drill ResultsDrill hole R1602-C intersected 50 feet (15.3 metres approximate true width) containing 102 gpt Ag, 0.12% Pb and 0.35% Zn. Within this zone is a higher grade banded amethystine quartz vein 5 feet wide (1.5 metres) of 276 g/tonne (gpt) Ag and 0.5 gpt Au that appears to be the southern extension of the Ramsey vein that was mined historically. The gold content is noteworthy and much to our surprise, in that gold was not previously reported from mine shipments or rock samples from the Ramsey vein. The vein occurs within and near the top of the more extensive lower grade silver zone beneath it. The silver zone is contained within a much thicker section of low grade mineralization that is 91 feet (27.7 metres approximate true width) and grades 63 gpt Ag, 0.09% Pb, and 0.25% Zn. These results confirm the presence of a thick interval of silver, lead, and zinc, as identified by historic long hole drill holes, with newly identified locally elevated gold. This mineral system appears to be large and wide-open to the south of hole R1602-C, where no previous drilling or mine development has occurred. Drill hole R1603-C was drilled beyond the northern extent of the old underground workings where it was unclear why historic mining was discontinued. R1603-C interested footwall mineralization only, grading 31.3 gpt Ag, 0.08% Pb, and 0.32% Zn with intervals of 0.1-0.2 gpt Au, across 47 feet (14.3 metres approximate true width) after drilling through extremely faulted ground in the region where the high-grade vein projected. We believe the high-grade vein is faulted out, which explains why mining was discontinued historically, along with about 50 feet (15.3 metres) of mineralized section. We interpret the large magnetic anomaly located north of this drill site to represent the faulted extension (see discussion on hydrothermal magnetite below).Drill hole R1601-C was drilled from the same site at R1602-C, but at a steeper inclina...