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Arizona Gold and Silver shares strong drilling observations at Philadelphia Gold-Silver Project

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Arizona Gold and Silver shares strong drilling observations at Philadelphia Gold-Silver Project

 

 

 

 

Arizona Gold and Silver CEO Mike Stark joined Steve Darling from Proactive to provide an exciting update on the ongoing core drilling activities at the company’s flagship Philadelphia gold-silver project in Arizona. Stark reported that drilling efforts at Philadelphia have been highly successful, with all completed holes intersecting their intended targets, achieving the expected thicknesses or better.

 

The company currently has two core drills operating on-site, with six completed holes now at the sample preparation laboratory. Another hole is expected to be delivered for analysis before drilling operations pause for the holiday season. Stark noted the impressive progress and consistency of the drilling campaign, highlighting the team’s commitment to advancing the project toward resource definition and expansion.

 

A major area of focus has been the Red Hills target, where two deep core holes were drilled to investigate previously reported +100-metre-thick intercepts of +1.3 grams per tonne (g/t) gold from earlier RC drilling. These core holes targeted the down-dip extension of known mineralization and the southern edge of a CSAMT anomaly beneath a hydrothermally altered flow dome known as Red Hill.

 

Stark shared that both core holes successfully intersected their intended targets, encountering thick zones of quartz and calcite veining with occasional visible fine-grained gold. A third hole, aimed further down-dip, is currently underway, with additional drilling planned for 2025 to continue testing the potential of this promising area. In addition to drilling, the company is actively conducting ground follow-up work based on a satellite WV3 hyperspectral survey completed across the entire property in late October. This survey has revealed several large alteration anomalies, offering exciting new targets for exploration. The new hyperspectral data, which provides 2-metre resolution compared to the previous 30-metre resolution, delivers significantly greater detail regarding the distribution of alteration minerals across the project.

 

Looking ahead, Arizona Gold and Silver plans to maintain its systematic exploration approach, with additional drilling campaigns and continued analysis of hyperspectral survey data planned for 2025. As the company works to define a robust resource base at Philadelphia, it is also advancing its position as a key player in the Arizona mining landscape.

 

Courtesy of Arizona Gold, and Silver via Proactive Investor

Posted December 19, 2024

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