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Permitting Progress on the Philadelphia Property, a High-Grade Gold-Silver Vein Target in Mohave County, Arizona
(via TheNewswire) Vancouver, British Columbia / TheNewswire / March 11, 2019 - Arizona...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Permitting Progress on the Philadelphia Property, a High-Grade Gold-Silver Vein Target in Mohave County, Arizona(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / March 11, 2019 - Arizona Silver Exploration Inc. (the \"Company\" or \"Arizona Silver\") (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce it has received approval from the US Bureau of Land Management (\"BLM\") of its Notice of Intent to start an initial six-hole exploration drilling program on the Philadelphia project. The BLM has determined the reclamation bond amount required to cover the proposed drilling program and the Company has submitted a Cashier's Check for the requisite amount to cover the bond. The Company awaits acceptance of the Bond before it is cleared to commence drilling.\n\n\n \nSeparately the Company has submitted a Notice of Intent (\"NOI\") and permit application fee with the Arizona Department of Water Resources to commence the exploration drilling. That NOI should be approved by the end of March.\n\n\n \nThe Company is finalizing costs, equipment availability, and schedules with its preferred drilling contractor and support personnel to be able to commence drilling once we obtain \"NOI\"\n\n\n \nAbout the Philadelphia Project\n\n\n \nThe permitted plan is for the drilling of six exploration holes in a fence following the gold-silver mineralization identified in the Philadelphia No. 1 (PH-1) shaft. The fence of holes will test the easterly dipping mineralized structure along a dip length of over 500 feet (+150 metres) from where old descriptions of underground sampling done over 100 years ago revealed good gold grades present, but not sufficient for development at a time when gold was valued at $20/ounce. See old description below from a report by W.R. Layne and Bertram Grant dated June 24, 1915.\n\n\n \n\"The PH-l shaft (inclined) 250 feet north of the PH-2 production shaft has been sunk to a depth of one hundred feet. At the bottom of this shaft a drift has been run northwest in \"ore\" (quotations added). Also to the south 61 feet towards PH-2 and a cross cut all in vein material, showing the vein to be 40 feet wide at this point. The vein at this point is faulted by an intrusion, and the values decrease, but run up again after leaving the break, as shown by the assays on open out, about 40 feet further north, which give ov...