Arizona Silver Exploration – CEO Update
It gives me great pleasure to provide this update on recent developments at Arizona Silver Exploration and how our company’s future is taking shape. Before moving to the details of our projects however, I’d like to offer a personal note of thanks to everyone whom I have spoken with in the past year. I appreciate not only your interest in our company and the time you spend to stay informed about your investment, but also the many stories and lighter moments we have shared during this time. Despite the challenges brought by the global pandemic, the world continues to move forward and I am reminded every day that there are a lot of good people out there.
I am very happy to say that we have completed the drilling of 15 RC holes on the newest Perry claim added to our Philadelphia property. Once again, we came in under budget thanks to excellent work by our drilling contractors and planning by the Arizona Silver Exploration team. We are now waiting for the assay results from this drilling, in addition to three core holes drilled earlier. Perry is, at this point, giving us a lot to consider from a geology standpoint. Consider this quote from our Vice President of Exploration, Greg Hahn:
“A total of 15 RC holes were drilled on five sections and tested the shallow levels of the Perry vein exposed on the surface. All 15 holes intersected the vein. Vein thicknesses generally increase with depth as do vein textures. The deepest intercepts looked the best in terms of thickness and boiling zone textures. We appear to have the complete boiling zone preserved intact beneath the surface. Also, the host geology is relatively uninterrupted by post-mineral faulting that confounds the exploration of the down-dip pursuit of the Philadelphia vein to the north.”
The Perry claim appears to be intact and not faulted, unlike our Maime claim roughly 5,000 feet to the North. We have drilled past 350 feet so far and continue to hit the vein with promising green and banded quartz vein material. I’d also note that we were able to pan gold from cuttings reject piles at each of the RC drill pads.
Ten miles away in the Oatman district, where 2.5 million ounces of gold have been mined historically, this high-grade vein went down 1,000 feet, or 300 meters, and is still being mined today below these levels at the Gold Road Mine.
As we wait for results from the drilling on our Perry claim, we will step over to our 100% owned Silverton Property, update the drilling permit, and sample more areas of interest. This interview about Silverton is very informative: https://www.
Ramsey is the one ‘silver only’ property in our portfolio. We are keeping the property in good standing and will continue to update our shareholders as work progresses. We are permitted to drill six holes with two prepared pads. One area of interest is the Creosote vein location.
With Sycamore Canyon, we received a positive response from the Forestry Dept indicating requirements are being accomplished, and only one more approval is now pending for our drill permit. This information is the result of an email we received on Friday June 25th. Management will continue to ask for updates with the goal of drilling Sycamore Canyon from September to December 2021.
Our treasury remains in good shape, and we have sufficient funds to tackle further drill campaigns in the fall and beyond. We have a very dedicated team working to build value for Arizona Silver shareholders and I personally added to my holdings of the company’s common shares in Q2 2021.
In closing, I remind everyone that our website is always being updated with news, photos and insight. If you have not visited lately, you might find it worthwhile to drop by: https://
In closing, let me thank you for your time and investment in Arizona Silver Exploration. As always, I am available for discussions about our company and welcome your phone calls.
Regards,
Mike Stark, CEO, President
Arizona Silver Exploration Inc.
C 604.833.4278
Suite 970 – 777 Hornby St, Vancouver, BC
Canada, V6Z-1S4
https://arizonasilverexploration.com/
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