Arizona Gold & Silver Inc V.AZS

Silverton shows a large intrusion at depth.

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Silver Company Provides Exciting Update on Gold Find View Important Disclosures for this Article GoldSilver Share on Stocktwits Source: Streetwise Reports (7/27/23) Arizona Silver has provided an update on the Silverton property that suggests more mineralization than previously thought. Read on to see how much gold remains on the property. Streetwise Company Fact Sheet 2023/7/29 7:21:39 (AZS:TSX - AZASF:OTC) Arizona Silver Exploration Inc.$0.390.01(2.63%)14.5k Newsletter coverage Clive Maund — CliveMaund.com Chris Temple — The National Investor Company News View Latest News Streetwise Reports Articles 07/27/2023 - View Article Analysts, Newsletter Writers & More Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC) has announced an update on the Silverton carbonate-hosted gold exploration property located in Nevada. The highlights of the update are as follows: In late March, the company completed a combined helicopter-borne magnetotelluric and magnetic survey flown over the entire property. The company found rock chip gold samples above 100ppb across an area that was 2.5 kilometers by 3 kilometers. Locally strong stibnite-quartz-gold veins in volcanics above the target limestone/dolomite section were also uncovered. A two-year extension was obtained on a drilling permit (Notice of Intent) with the Bureau of Land Management (BLM) The Silverton property is a large claim block of 1860 acres and contains anomalous gold above 100ppb in rock chip samples across an area of 2.5kms by 3kms. The gold is accompanied by strongly anomalous arsenic, antimony, mercury, and other metals (the classic Carlin-type or intermediate sulfidation metal suite). Most of this area has exposures of Paleozoic carbonate rocks that are variably altered to dolomite. In both the eastern and western ends of the property, the carbonates are overlain and intruded by Tertiary volcanics dated at late Eocene to early Oligocene in age. The central area of exposed carbonate rocks appears to be a shallow anticline or complex dome. Extensive low-grade gold-bearing jasperoid replacement deposits occur primarily at the contact between the carbonates and the overlying volcanics. Jasperoids also occur in the carbonates and volcanics along faults, fractures, and bedding planes. Arizona Silver has been described favorably by analysts. Chris Temple of The National Investor has described the company's past results as "uber exciting." No serious exploration has been done to test the altered carbonate package containing the bulk of the gold and trace metal anomalies or in the carbonates beneath the swarm of quartz-antimony-gold veins. Data from the site suggests a subtle geochemical halo occurs up the thousands of feet above the high-grade deposits, occurring mostly along faults, fractures, and bedding planes. The company also contracted Expert Geophysics Ltd. to fly the MT survey over the claim block. The survey provided a 3D data set to aid in mapping resistivity changes and structures down to the depth limit of the survey. The survey revealed several obvious low resistivity anomalies beneath the surface features referenced above. The company staked an additional 16 claims to cover the eastern margins of the large resistivity anomaly. According to Gregory Hahn, the Vice President of Exploration, "Our interpretation of the survey results are as follows. One very prominent low resistivity zone, interpreted as alteration, occurs along a strike length of +1.5 kms and a width of 0.5 km beneath a strongly silicified (resistive) volcanic cap… We interpret these intercepts as the distal fringe of the heart of the anomaly, which may represent a source for the low-grade intercepts. Several other weaker and shorter anomalies also are identified with low-grade gold intercepts in their vicinity. Importantly, the air magnetic survey shows a large intrusion at depth."

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