Business
Arizona Silver Exploration Reports Western IP Anomaly Drill Results at Ramsey Project
Vancouver, British Columbia / December 5, 2017 / JMN Wire / Arizona Silver Exploration Inc. (the "Company") (TSX-V: AZS) announces the results of a test hole dr
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Vancouver, British Columbia / December 5, 2017 / JMN Wire / Arizona Silver Exploration Inc. (the \"Company\") (TSX-V: AZS) announces the results of a test hole drilled into the western IP anomaly at the Ramsey Silver Project located in La Paz County, Arizona. Drill Results Hole R1713 was drilled vertically to test the western IP anomaly on IP line 1. The hole was located approximately 800 metres west of the Ramsey mine workings and was targeted to test a geophysical model that suggested the source of the IP anomaly was 100 metres below the surface and had modelled dimensions of roughly 500 metres cubed. “The presence of the silver signature in this hole this far from the Ramsey Mine and adjacent drill holes is an indication of the strength of the mineral system we are chasing at Ramsey. The vector of increasing potential to the east is clear, and that is the direction we are heading with our Q1 2018 drilling program,” stated Greg Hahn, President and CEO. The hole penetrated 15 metres of alluvial cover and then went through 110 metres of iron-rich Cretaceous meta-sediments before encountering a significant fault (detachment fault?) which separates the overlying meta-sediments from an underlying granitic intrusion. The granitic intrusion is strongly altered with chlorite-calcite-oxidized pyrite (propylitic assemblage) and contains zones of strong silica alteration and quartz veining. The hole was bottomed in propylitic granite at 213 metres depth. This granite is not exposed anywhere around the Ramsey Mine property, and where it is exposed 5-7 kilometres to the west it is not as strongly altered as in drill hole R1713. Assay results show a zone of anomalous silver ranging up to 10 gpt Ag in the interval 375-440 feet (114-134 metres) averaging 5.2 gpt Ag. This mineralized interval straddles the detachment fault. The presence of a strong silver anomaly across the detachment fault 800 metres west of the mineralization exposed in the Ramsey mine workings and peripheral drill holes is an indication of how strong the mineral system is, and further supports a vector of increasing potential to the east where we have a strong surface geochemical anomaly associated with a multi-lithic breccia (diatreme?), hydrodynamic fracturing, and argillic alteration of the host rhyolite, and where we intend to drill in the first quarter of 2018. Th...