- Arizona Gold & Silver (TSXV:AZS) uncovered continuous gold mineralization with the potential for bulk-mineable grades from drilling on its flagship Philadelphia project in northwestern Arizona
- Highlight intervals include 62.18 m at 1.27 grams per ton (g/t) gold and 4.06 g/t silver, as well as 40.39 m at 1 g/t gold and 2.76 g/t silver
- The junior miner is focused on uncovering precious metal resources in Arizona and Nevada
- Arizona Gold & Silver stock has added 8.57 per cent year-over-year and 111.11 per cent since 2020
Arizona Gold & Silver (TSXV:AZS) uncovered continuous gold mineralization with the potential for bulk-mineable grades from drilling on its flagship Philadelphia project in northwestern Arizona.
Intercepts stem from two drillholes – PC24-141 and PC24-142 – testing the Rising Fawn target about 100 metres (m) north of the previously reported PC24-140 and two new drillholes GB-1 and GB-2. Highlights include:
- PC24-142: 62.18 m at 1.27 grams per ton (g/t) gold and 4.06 g/t silver starting at surface.
- PC24-141: 40.39 m at 1 g/t gold and 2.76 g/t silver starting at surface.
Management believes the mineralization is comparable to PC24-140 and its standout 55.8 m at 1.27 g/t gold and 2.5 g/t silver from surface, improving the probability for bulk mining.
About 100 m south of these drillholes, an outcrop of the hanging wall high vein yielded channel samples of 9.94 g/t gold and 79.4 g/t silver over 1.83 m, leading to the drilling of GB-1 and GB-2 some 5 m from the outcrop, which returned 2.07 m at 17.45 g/t gold and 46.2 g/t silver, and 2.05 m at 16.55 g/t gold and 42.7 g/t silver, respectively.
Follow-up drilling will focus on the down-dip extension of higher-grade intercepts. Results from three drillholes remain pending.
Leadership insights
“Our goal at Philadelphia is to develop a bulk-tonnage gold resource for large-scale heap leach development,” Greg Hahn, Arizona Gold & Silver’s vice president of exploration, said in a statement. “A potential grade of +0.5 g/t gold would be consistent with mining operations in this district. These results indicate we are firmly on track to achieve a successful outcome. Of course, a lot more drilling and engineering is ahead of us to determine the project economics. Drilling is continuing.”
About Arizona Gold & Silver
Arizona Gold & Silver is a junior mining stock focused on uncovering precious metal resources in Arizona and Nevada.
Arizona Gold & Silver stock (TSXV:AZS) last traded at C$0.38 per share. The stock has added 8.57 per cent year-over-year and 111.11 per cent since 2020.
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(Top photo of April 2024 drilling at the Philadelphia project: Arizona Gold & Silver)
