Monday Jul 29, 2024
Finding the Source: Why Arizona Gold & Silver is Poised for Success
Link to Companion Article: https://juniorresourceinvesting.subst...
Sometimes, timing is everything.
Arizona's Philadelphia Property is a gold and silver vein/disseminated target located in Arizona in the Oatman Mining District (which historically produced over 2 million ounces of high-grade vein gold). Under Mike Stark as CEO, AZS has continued to efficiently and effectively advance a meaningful, though still unofficial, resource at this project. However, while successful, for the past couple years, that effort has been partly on pause while BLM permitting on surrounding land to previous drill campaigns was worked on. This is critical to AZS, because they (very reasonably) believe the Red Hill target on that BLM land to be the source dome of their disseminated gold. So while Arizona could continue to drill out other worthy targets, the ultimate prize required more involved permitting to be secured. Fair or not, Arizona has flagged while waiting for Again, which, finally, has been done. Mike Stark of Arizona Silver walks us through why his company’s Philadelphia property is an odds-on favourite to grow an impressive resource through continual discovery of open-pittable high-grade Ag/Au veins surrounded by a low-grade, economic, mineralization. A valid geological thesis suggests the best parts of the land package have yet to be drilled, a catalyst to look forward to in 2023.
Time Stamps
01:30 Intro to Arizona Gold
03:50 BLM Permitting Update – Why is this so important
06:40 What evidence do you have that the red hill is the feeder zone
10:15 Recent Red Fawn and Resaka drill results that missed a bit? How does it alter future plans.
13:40 Burn rate and preservation of capital
14:30 MRE
18:00 How many holes do you expect to drill in 2024/2024 drill plans
21:45 When will drilling begin
24:30 Lab time these days
26:00 Addition of Philip Yee
29:30 Final Thoughts
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