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Arizona Silver Exploration shares surge on Ramsey project findings
Shares in Arizona Silver Exploration Inc (CVE: AZS) surged over 15% as it reported potentially positive results from an induced polarization (IP) survey at its Ramsey silver project in Arizona.
The work confirmed the suspected continuation of an IP/resistivity response to the north of the Ramsey mine and identified a new and large anomaly and area of potential mineralization to the west of the old Ramsey mine.
The IP survey consisted of three lines, totalling around 2400 metres with the first located directly over the old Ramsey Mine workings and the disseminated silver mineralisation encountered in the group’s 2016 drilling program.
The new western anomaly was detected by all three lines, which showed a stronger and deeper signature beneath alluvium.
A model suggests the source of this anomaly is buried beneath about 100-300 metres of alluvium, and had dimensions of about 500-800 metres wide, 100-200 meters thick, and is at least 500 metres long, and remains open in several directions.
Shares gained 15.56% to 26 cents in Toronto.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175315/arizona-silver-exploration-shares-surge-on-ramsey-project-findings-175315.html
