July 28, 2023 (Investorideas.com Newswire) 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.
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.
No serious exploration has been …
See the full article on Arizona zoning regulations, or, read more Arizona real estate investing news. It’s up to you!
