Arizona Gold & Silver Announces High Gold Grades in Core Drill Hole PC25-136 at the Philadelphia Project, Arizona
Rhea-AI Summary
Arizona Gold & Silver Inc. (OTCQB: AZASF) has reported significant gold grades from drill hole PC25-136 at its Philadelphia Project in northwestern Arizona. The highlight includes 4.91 metres at 9.20 gpt gold, coinciding with epithermal quartz and calcite-bearing vein breccia in rhyolitic volcanic rocks.
Key drilling results show multiple mineralized intervals, with the best intersection containing:
- 4.9m @ 9.2 gpt Au and 9.2 gpt Ag (171.2m - 176.1m)
- 9.1m @ 6.4 gpt Au and 7.9 gpt Ag (168.1m - 177.3m)
- 25.9m @ 2.6 gpt Au and 4.2 gpt Ag (157.0m - 182.9m)
The drill hole is part of a six-hole program at the Rising Fawn segment, designed to test mineralization down dip and along strike. Vein textures show classic epithermal features, with yellow and green quartz similar to nearby Oatman gold mines. True widths are approximately 50% of drilling thicknesses.
Positive
- High-grade gold intercept of 9.20 gpt over 4.91 meters
- Multiple mineralized zones showing consistent gold grades
- Vein textures indicate potential for deeper mineralization
- Mineralization remains open along strike and down plunge
Negative
- True widths are only 50% of reported drilling thicknesses
News Market Reaction – AZASF
On the day this news was published, AZASF declined 12.50%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - Arizona Gold & Silver Inc. (TSXV: AZS) (OTCQB: AZASF) is pleased to announce high gold grades, including 4.91 metres at 9.20 gpt gold from drill hole PC25-136 at the Philadelphia Project in northwestern Arizona. The high grades coincide with a zone of impressive epithermal quartz and calcite-bearing vein breccia in rhyolitic volcanic rocks. The high-grade interval is surrounded by lower grade stockwork.
Rising Fawn Core Hole PC25-136
Rising Fawn is a segment of the main trend that lacked the drilling necessary to ultimately provide a resource estimate. PC25-136 is the first of six drill holes recently completed testing down dip and/or along strike of well mineralized intercepts reported earlier (see News Release dated March 19, 2025). PC25-136 was designed as a precursor to stepping further back onto the Company's BLM pad#2.
Hole PC24-136 assays are as follows:
| From (ft) | To(ft) | Thick.(ft) | From(m) | To(m) | Thick.(m) | Au (gpt) | Ag (gpt) |
| 561.5 | 577.5 | 16 | 171.2 | 176.1 | 4.9 | 9.2 | 9.2 |
| within | |||||||
| 551.5 | 581.5 | 30 | 168.1 | 177.3 | 9.1 | 6.4 | 7.9 |
| within | |||||||
| 515.0 | 600.0 | 85 | 157.0 | 182.9 | 25.9 | 2.6 | 4.2 |
| within | |||||||
| 462.5 | 600.0 | 137.5 | 141.0 | 182.9 | 41.9 | 1.6 | 3.3 |
True widths are approximately
Vein textures demonstrate classic epithermal features, including colloform and ginguro banding and cockscomb textures. Yellow and green quartz are abundant, similar to high-grade zones in the nearby Oatman gold mines. This intercept looks to be shallow in the vein system that bodes well for continued success as we drill deeper.
Mr. Greg Hahn, VP Exploration commented, "Drill hole PC25-136 is exciting in that it demonstrates the continuity of high-grade veining and an attendant stockwork system to the east of previously drilled mineralization. In long section it can be seen that the high-grade intercepts demonstrate a modest plunge to the north that remain wide open in both directions. The opportunity is open for further vein intercepts along strike and down plunge. Grades improve down dip which encourages continuing to pursue the target at depth. Drilling is continuing."
Exploration Going Forward
Current drilling on the Philadelphia Project continues to test down dip of the Rising Fawn mineralized intercepts reported previously. Current drilling is on hole PC25-149. Holes PC-137, 138, 139 and 148 have all hit the target and are in the laboratory for assay.
Figure 1
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https://images.newsfilecorp.com/files/3307/247740_4b8ea39344645b79_002full.jpg
Perry Vein Long Section - Looking West
Figure 2
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https://images.newsfilecorp.com/files/3307/247740_4b8ea39344645b79_003full.jpg
QA/QC Program
All core samples were shipped to the Skyline Labs facility in Tucson, Arizona, where the samples are inventoried, sawed, sampled, crushed and pulverized. Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a multi-element suite. Over-limits on gold (+5 gpt Au) are determined by fire assay with a gravimetric finish.
The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to Skyline's laboratory facility in Tucson, Arizona, in addition to the independent QA/QC protocols of Skyline Labs.
Qualified Person
Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information contained in this news release.
About Arizona Gold & Silver Inc.
Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.
On behalf of the Board of Directors:
ARIZONA GOLD & SILVER INC.
Mike Stark, President and CEO, Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2025 exploration program; the potential for development of mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2025 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2025 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247740
FAQ
What are the latest gold grades reported by AZASF at the Philadelphia Project?
What is the significance of the vein textures found in AZASF's latest drilling?
How many drill holes are planned in AZASF's current Philadelphia Project program?
What is the true width of the mineralization in AZASF's latest drill results?
