Take a hard look at the drill results !!! Mike Stark, President and CEO states “We are delighted that drilling has discovered high grades in a vein that was overlooked historically. Significantly, the high-grade zone is open at depth. The shallow lower grade mineralization is a surprise, a result that represents potentially significant bulk tonnages. Drilling will continue.”
Greg Hahn states “Reverse circulation drilling has confirmed my interpretation that high grades would begin 50-100 metres below the low grade, partially outcropping Perry vein. That interpretation was based on the vein textures at surface compared to textures within ore zones elsewhere. Fortunately for us the productive part of the vein appears to be entirely intact and is open to depth.
“The thick, shallow zone of low-grade mineralization is very significant as it represents a bulk tonnage opportunity. For this reason we are reporting the vein grades and the shallow, bulk tonnage grades separately.”
Lets be real ... very few of these miners we invest in ever turn into an actual working mine. Gentlemen we have a real opportunity to se AZS turn this into a very profitable working mine.
By summer of 1916 over two hundred mines were operating in the Oatman district
In 1924, the town's main employer, United Eastern Mines, permanently shut down its operations after producing US$13,600,000 (equivalent to $205,373,204 in 2020) worth of gold at the government-controlled market value of $20 per ounce. The district had produced US$40,000,000 (equivalent to $703,801,000 in 2020) in gold by 1941, when the remainder of the town's gold mining operations were ordered shut down by the government as part of the country's war effort, because other metals were needed.
The Oatman Mine is less than 20 miles away from Philadelphia Property !!!
We are waiting on drill results which could be great. We are still drilling for future findings. Insiders still buying and not one share sold. This is HUGE.
These miners have been dead money for way too long. With Sleepy Joe at the helm... the printing press is in high gear.
Gold & Silver will be in vogue soon ... what better time to be accumulating quality Juniors like AZS !!!