Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) Vice President of Exploration Greg Hahn joined Proactive to discuss the latest drill results from the company’s Philadelphia gold-silver project in Arizona.
Hahn shared that the company has finally drilled a hole that had been on its radar for two years, and the results surpassed expectations
Proactive: All right. Welcome back inside our Proactive newsroom. And joining me now is Greg Hahn. He is the Vice President of Exploration for Arizona Gold & Silver. And Greg, it’s great to see you again. How are you?
Greg Hahn: I’m fine. Thanks for having me on.
The company is out with some pretty significant news today on the work you’re doing at your Philadelphia project. Before we get to the news itself, just remind everyone a bit about Philadelphia and the zone you’re focusing on here, which is the Rising Fawn.
Well, Philadelphia is a long-length, epithermal gold system in a very productive gold district. The Oatman District has produced over 2.00 million ounces of gold. We have a property at the north end of that. We’re now around hole number 149, and we’ve hit mineralization in about 80% of the holes — so we’re having excellent success in establishing a resource.
Let’s talk about this particular hole you’ve released. It’s a strong one — one of the biggest the project has seen in terms of numbers.
It’s a very good hole, and we’re very pleased with it. It’s a hole we’ve wanted to drill for the last two years, but for various reasons, we haven’t been able to get a drill rig to the site. We finally got a drill rig that could access that site. We drilled the hole and it exceeded our expectations. It’s the third hole on a section. The shallowest hole was very weak. The intermediate hole was stronger and indicated a vector of increasing grade and thickness at depth. So we drilled this hole, and we hit twice the thickness at twice the grade. So it’s looking better as we go down dip.
We’re talking about 9.20 grams per tonne gold in this particular hole — over 4.91 metres. Greg, what does that tell you about the drilling program? Are you heading in the right direction?
We think we are. We’re drilling about 200 metres north of this intercept currently, just because we have pads set up there, and that’s down dip from exciting intercepts themselves. So we’re fleshing out over a kilometre of strike length of mineralization. We’re actually down about 200 to 250 metres now on the dip in the system.
I mentioned Rising Fawn. Are there other areas you’re looking at as well?
Sure. Rising Fawn is north of the Perry — those are names of the claims. They’re actually one mineral system, just two locations on it, and they connect. Then there’s another area called Philadelphia further north of that. So we divide this up into sections just so we can describe them more readily. But they’re all one big system, and they’re all showing pretty attractive intercepts.
Lastly, Greg, just remind us what’s left in the drilling program.
We have maybe half a dozen holes yet we want to drill in this campaign. Then it’s a matter of taking a look at the results and deciding where we want to go next. Obviously, we want to go down dip — that’s a given after the hole we just announced. We’ll see when we can get to that.
Quotes have been lightly edited for clarity and style
Read More: Arizona Gold & Silver VP of exploration discusses high-grade drill results –