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Arizona Gold & Silver Inc V.AZS

Alternate Symbol(s):  AZASF

Arizona Gold & Silver Inc. is a Canada-based company junior exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The Company owns Philadelphia property, Silverton Gold project, and Sycamore Canyon project. The Philadelphia Property is a high-grade gold and silver vein target located in Mohave County, northwestern Arizona and is comprised of 30 claims. The Silverton Gold Project is a Carlin-type gold exploration property located in Nye County, Nevada. The property is near the old Silverton Mine property located about 100 kilometers northeast of Tonopah, Nevada, and consists of 77 unpatented lode mining claims totaling approximately 1860 acres. The Sycamore Canyon property is located in southern Graham County, Arizona, approximately 20 miles northeast of the town of Willcox. The core of the property consists of 10 unpatented lode mining claims on United States (US) Forest Service administered public lands.


TSXV:AZS - Post by User

Post by STEELE2on Jul 28, 2023 10:44am
108 Views
Post# 35561478

Metallic Screen Assays Significantly Increase Gold Grades

Metallic Screen Assays Significantly Increase Gold Grades

Metallic Screen Assays Significantly Increase Gold Grades of High-Grade Drill Intercepts at Philadelphia Project, Arizona. Highest Grade Sample Increases From 51 To 72.5 gpt Gold

Vancouver, British Columbia, July 11, 2023 – Arizona Silver Exploration Inc. (TSXV: AZS (OTCQB:AZASF) is pleased to announce very positive results from re-assays by the metallic screen procedure on selected drill hole intervals on the Philadelphia epithermal gold project. The highest-grade interval to be re-assayed showed the largest grade increase, 42.2% (51 gpt to 72.5 gpt) gold. A total of 24 samples of both high and low-grade material were re-assayed if they contained visible gold.  The samples were all from the spring 2023 reverse circulation (“RC”) drilling campaign.  

Mr. Greg Hahn, VP Exploration commented, “Re-assaying of samples with coarse gold is a normal industry practice to gauge if grades are being underestimated simply because a standard 30-gram sample for fire assay can miss coarse gold that might not be represented in a 30-gram split.. Re-assaying on 24 samples is considered statistically meaningful as we assayed both higher and lower grade material. For all 24 samples the average grade increased by 25.9%.”

“Going forward we will routinely re-assay high-grade intervals and use the metallic screen technique also on duplicate samples to resolve potential assay discrepancies when our geologist identifies coarse gold in his logging. In due course when Philadelphia advances into the evaluation phase much more re-assaying will be done. In the meantime, I am delighted that our project continues to have positive outcomes as we continue drilling off this deposit” added Greg Hahn.         


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