To date, Arizona Silver has conducted three drilling programs on the property with the goal of determining the size of the silver mineralization zone first discovered within the old workings of the Ramsey mine. In the interview below, Hahn outlines the company’s findings and describes the next steps for the Ramsey silver project.
Below is a transcript of our interview with Arizona Silver CEO Greg Hahn. It has been edited for clarity and brevity.
Investing News Network: Please tell us about the exploration work conducted on the Ramsey silver project and the results you announced on November 14, 2017.
Arizona Silver CEO Greg Hahn: Arizona Silver became a public company almost a year ago, and since then we have conducted three drilling campaigns on the Ramsey silver project. In the first, which was completed in late 2016, we explored the north end of some underground workings and identified a broad zone of silver mineralization.
In our spring 2017 program, we drilled to the east to determine whether the silver mineralization continued in that direction. Our most recent drilling was just completed, and that was conducted to the south of the original program. We surrounded the historical workings of the Ramsey mine with these drill holes and identified the continuation of a broad zone of silver mineralization in all directions.
INN: What do these results mean for the project moving forward?
GH: They mean that we have found a large, low-grade system in the Ramsey mine and Ramsey Hill zones that we have intercepted with all our drill holes. What we need to do next is expand outwards from where we have drilled so as to identify the size of the system and to determine the location of its core, which we don’t believe we have found yet.
INN: What’s next for Ramsey and how does that fit into the company’s long-term plans?
GH: Our next move is to continue drilling on the property. We have a prominent geochemical anomaly located 200 meters east of our drill holes that runs 100 meters to the southeast. The next objective is to expand outwards and drill a pattern of holes in the large geochemical anomalies so as to determine the continuity of the mineralization at subsurface. If we are successful, then we will have a mineralization zone that covers approximately 300 square meters, with potential for further growth.
INN: At this stage are you able to understand the dimensions or the size of the deposit?
GH: We currently do not have enough drill-hole data to determine that. What we can say is that we have intersected mineralization in all our holes, and the deposit is wide open to the north, east and south.
Within 1 kilometer of our drill site, we have also encountered alteration signatures, surface geochemical signatures and surface vein mineralization that is reminiscent of hanging-wall mineralization in silver deposits in Mexico. This means that the mineralization could extend for quite some distance, but we will have to confirm that with further drilling.
INN: Do the discoveries you have made on the Ramsey silver property change the company’s plans or focus?
GH: We have a number of targets on the property, the most notable of which is the Ramsey silver mine and the mineralization surrounding it. This is where we have focused our drilling to date. We have also chased some large geophysical anomalies beneath the alluvial cover that are located approximately 1.5 kilometers away from the Ramsey silver deposit. To date, we have not had a lot of success chasing these, but we have been successful in pursuing the silver mineralization around the Ramsey mine. As such, this will continue to be our focus so that we can quantify the dimensions of the resource through further drilling.
INN: Is there anything else that you would like to highlight about the Ramsey silver property?
GH: We have a large IP anomaly in the western region of the property that is half a kilometer long, half a kilometer wide and up to half a kilometer thick. We have drilled one hole into that so as to understand the causes behind it and to determine whether there is any associated mineralization. We are still awaiting results on this, but if there is mineralization there it would be a large system unto itself.
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