These are exceptional extraction rates. They come from “agitation cyanide leach tests on two bulk samples” at the Philadelphia Gold-Silver Property, Arizona.

Specifically, the leach tests were performed on two bulk samples of material and resulted in gold recoveries of 90.6% to 99.3% for all milled feed sizes. It clearly demonstrates the amenability of the ore for cyanide gold extraction.

This also checks an important box that producers look for when considering buying an asset. It makes Arizona Gold & Silver an attractive takeover candidate if they prove up a deposit.

VP Exploration Greg Hahn highlights the results. “These excellent results demonstrate the ready amenability of the feed material to milling/cyanidation treatment at different feed sizes, and the potential for heap leaching. They represent an important milestone for the project.”

The stock is down slightly as I write, on a down day for gold. The market cap is now under C$30M and an excellent entry point if you’re looking for shares. I remain overweight the stock, as there will be a plethora of drill results coming out this summer—the possibility of discovery is still ahead for the company.

Courtesy of the Gold Advisor