Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results Routine +

Arizona Gold & Silver Receives Approval for Expansion and Exploration Drilling Program on the Philadelphia Gold-Silver Project, Arizona

By The Northwire Desk — AI Analysis Jun 16, 2026 · 10:30 AZS · 0.55 Arizona Gold & Silver Inc.
Executive Summary
  • Arizona Gold & Silver Inc. received BLM approval to expand exploration drilling at its Philadelphia gold-silver project in northwestern Arizona.
  • The approval authorizes 16 new drill pads and approximately 14 acres of disturbance.
  • The program targets the down-dip continuation of high-grade historical intercepts, a 1.5-kilometer strike length along the Arabian Fault, and a 2023 CSAMT geophysical anomaly beneath the Red Hills.
  • Initial drilling will focus down-dip of hole PC25-156, which previously intersected 20.43 meters grading 9.04 g/t Au and 34.0 g/t Ag.
  • The company is well-capitalized with $4.8M in treasury and an $18M private placement closed in early June 2026 with Sorbie Bornholm LP and Sorbie Investments LLP.
  • Management anticipates over two years of active drilling following this regulatory milestone.
Material Impact
  • The BLM approval is a routine, expected regulatory step following the company's previously announced BLM amendment submission and the $18M financing.
  • It does not represent new financial or operational surprises but confirms the company's ability to execute its planned 2026 exploration program.
  • The news reinforces the company's capital position and operational timeline, providing a positive but incremental update to the exploration narrative.
  • No material change to valuation or risk profile is introduced; the market likely priced in this permitting progression given the prior financing and drilling announcements.
AZS · Price
Company Overview
  • Arizona Gold & Silver Inc. is an exploration-stage gold, silver, and antimony company focused on the Philadelphia Project in Arizona's historic Oatman Mining District.
  • The flagship Philadelphia project features the Perry Zone, a high-grade epithermal gold-silver vein system hosted along the Arabian Fault.
  • Historical production in the district exceeded 2.5 million ounces of gold.
  • The company also holds the Silverton project in Nevada, targeting near-surface antimony veins and a deeper Carlin-type gold system, and the early-stage Sycamore Canyon property in Arizona.
  • Metallurgical testing has shown promising heap-leach recovery rates (up to 76% Au) for near-surface stockwork material, supporting potential bulk-tonnage mining concepts.
Read the original news release →

More from Arizona Gold & Silver Inc.

Sep 30, 2026 · 07:00

Arizona’s Broad Red Hills step-outs extend the Perry envelope but miss the high-grade core.

Drill Results Sep 08, 2026 · 07:01

Arizona confirmed broad Perry Zone infill continuity, with down-dip assays serving as the primary catalyst for the project's future development potential.

Drill Results Aug 20, 2026 · 07:01

Arizona secures a 9.9% stake and board rights through a C$12 million strategic placement with Evolution.

Financings Aug 13, 2026 · 09:05

Arizona reports broad up-dip halo assays, while the deep high-grade Perry test remains pending.

Drill Results Aug 04, 2026 · 10:35

Evolution Mining acquires a 9.9% stake in Arizona at C$0.80 per share, securing a board seat.

Financings Jun 30, 2026 · 07:00

Arizona Gold & Silver Reports Up To 99% Gold Recovery From Agitation Leach And 84% Gold Recovery From Heap Leach Cyanide Processing Of Bulk Sample From The Philadelphia Project, Arizona

Technical Study