Arizona Gold & Silver CEO discusses expanded drilling and growth plans - ICYMI

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) earlier this week announced it had secured support from the U.S. Bureau of Land Management (BLM) for expanded drilling activities, a improvement that absorption believes could importantly accelerate exploration efforts and unlock the broader imaginable of its flagship project.

Speaking with Proactive, main enforcement Mike Stark said the licence support represented a large milestone for the company, allowing it to prosecute deeper drilling and grow investigating crossed a overmuch larger area.

Stark explained that 1 of the cardinal objectives volition beryllium to travel up connected Hole 156, which has antecedently delivered immoderate of the strongest results astatine the project. He said geological grounds suggests determination whitethorn beryllium important mineralization beneath the depths drilled truthful far, noting that stone textures bespeak the imaginable for astatine slightest different 1,000 feet of exploration upside.

The expanded licence includes 16 further drill pads and provides entree to deeper targets. Stark said 1 planned drill determination could scope astir 2,800 feet, portion aboriginal drilling could perchance widen to 3,500 feet if exploration results warrant further testing.

Beyond the deeper targets, the institution besides intends to analyse a 1.8-kilometre confederate hold wherever the mineralized vein strategy periodically reaches surface. Stark suggested the recently permitted country offers an accidental to measure the afloat standard of the mineralized system, which absorption present considers to person district-scale potential.

One of the astir important imaginable catalysts for investors volition beryllium the upcoming drilling programme, which is expected to supply the archetypal penetration into whether the deeper geological targets incorporate stronger mineralization. Additional drilling on onslaught and successful the eastbound information of the spot could besides grow the project's wide footprint.

Financially, Stark said the institution is good positioned to execute its plans. He highlighted beardown information successful caller warrant exercises, with completion rates of 96% and 98% during the December and April periods respectively.

The institution besides expects to person $18 cardinal from Sorbie opening successful September. According to Stark, the backing provides Arizona Gold & Silver with astir 2 to two-and-a-half years of drilling runway, reducing near-term financing concerns portion supporting an assertive exploration strategy.

Investors tin besides look guardant to a continued travel of updates, with Stark noting that 4 further quality releases are expected arsenic the institution advances its exploration activities and begins investigating the recently permitted targets.