INTRO
in ascending order.
Arizona Silver
First on our list is Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC). On May 9, Arizona Silver released assay results from its Rising Fawn Zone and the Perry Gap Zone.
In light of these results, Arizona Silver Vice President of Exploration Greg Hahn said, "We have demonstrated continuity of robust gold mineralization from near surface to depths of 70-100 meters. In the Perry Zone, our successful drilling of the GAP has been particularly encouraging. We confirmed the continuity of mineralization in that previously undrilled area. Importantly, the system remains open along strike in both directions and down dip."
Highlights from these results included:
*Insert results once approved for pub*
On May 16, the Golden Opportunities Newsletter put out a release on the company saying, "Management confirms the deeper drill hole at their flagship project shows the gold system gets bigger. It also led to identifying a new vein. If assays come back strong, the current stock price will no longer be available."
Terra Balcanica
Terra Balcanica Resources Corp. (TERA:CSE) also put out positive assay results in May.
In the release, Terra Balcanica CEO Dr. Aleksandar Mišković noted, "Detailed prospecting, rock chip, and soil sampling at our Serbian Ceovishte license not only confirmed the existence of a sizable hydrothermal system responsible for multi-ounce gold assays at surface near the Medjurečje locality but also defined a new, 900-m-wide, topographically depressed, semi-circular gold-silver-copper soil anomaly northeast of the high-grade Au zone that is characterized by potassic altered andesites interpreting by Terra's technical team to represent a previously neglected porphyry target. This confirms the potential of our Serbian assets and represents a significant diversification of the Company's polymetallic portfolio already defined by our Viogor Zanik project. It sets the stage for drilling of the shallow high-grade gold target later this year."
Highlights of these assays included:
- Surface rock sample include concentrations as high as 53.5 grams per tonne gold (g/t Au), 78.6 grams per tonne silver (g/t Ag) and 2.47 % copper (Cu) with up to 0.39% cobalt (Co), and 0.45% bismuth (Bi).
- >900 m strike length of Au-Ag-As-Bi-Cu-Te anomalism in soil geochemistry defines a new target, with soil assays returning up to 2.42 g/t Au.
- Mineralization is controlled by potassic-altered diorites hosting quartz-chalcopyrite veins with secondary copper mineralogy at surface and a gold-bismuth-cobalt-rich epithermal assemblage;
- Drill-ready with both porphyry and epithermal mineralization visible at collar locations.
In February, technical analyst Clive Maund rated Terra a strong speculative Buy and told his readers to "stay long" with this stock.
