Restart Production in 2021.....hmmm 13 cents ve," said Arizona Gold President Martin Kostuik.
"In December we started our underground core drilling and have added a second drill rig with assays currently pending. The underground core drilling is designed to expand resources by drilling for strike and down dip extensions including some portion of infill of previously drilled gold mineral domains, following up on what was a very successful 5000-metre 2019 drilling program."
The surface RC drilling was recently completed, having drilled a total of 5,050 metres, ranging from 200 to 400 metres in depth. The company used two drill rigs as part of the program, which was a continuation of the successful 2017 drilling program.
The primary focus of the current drilling program is further extending the known boundaries and increasing the current resource in both zones.
The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production in 2021.
The company believes the project demonstrates significant upside exploration potential that has yet to be drilled within a 50 square-kilometre land package that includes past production of over 500,000 ounces of gold by way of an open-pit operation.