Arizona Gold & Silver Intersects 21.79 Metres grading 4.10 g/t Gold at Philadelphia
Arizona reports broad up-dip halo assays, while the deep high-grade Perry test remains pending.
Arizona Gold & Silver Inc. (AZS) released assay results from four diamond drill holes at its Philadelphia Project in Arizona: PC26-165, PC26-166, PC26-167, and PC26-169.
- PC26-169: 21.79 m at 4.10 g/t Au and 5.8 g/t Ag, within 37.34 m at 3.10 g/t Au and 7.1 g/t Ag, within 73.46 m at 1.69 g/t Au and 4.4 g/t Ag.
- PC26-167: 15.24 m at 2.66 g/t Au and 5.6 g/t Ag, within 28.35 m at 2.19 g/t Au and 7.9 g/t Ag, within 66.81 m at 1.12 g/t Au and 4.0 g/t Ag.
- PC26-165: 0.98 m at 10.19 g/t Au and 8.7 g/t Ag, within 3.11 m at 3.34 g/t Au and 12.7 g/t Ag; also 6.95 m at 2.07 g/t Au and 2.9 g/t Ag within 62.27 m at 0.70 g/t Au and 2.0 g/t Ag.
- PC26-166: 1.37 m at 3.02 g/t Au and 6.6 g/t Ag, within 23.64 m at 1.42 g/t Au and 6.8 g/t Ag, within 32.95 m at 1.11 g/t Au and 6.0 g/t Ag.
The company states these intervals extend gold mineralization approximately 150 meters vertically above previously reported high-grade Perry Zone intersections. True thickness is estimated at 60% of the drilled thickness. Cutoffs vary by interval from 0.25 g/t to 3 g/t Au. Drilling is now moving to the deeper down-dip continuation of the Perry Zone beneath Red Hills and a CSAMT geophysical target.
Arizona Gold & Silver Inc. (AZS) reported drill results that do not materially expand upon the project’s existing anchor intercepts. Hole PC26-169 is characterized as a broad hole that defines a shallow up-dip halo above the stronger PC25-156 and PC25-158 zones, but it does not extend the high-grade core.
The company’s stock closed at C$0.71 on 2026-08-04, up from C$0.47 on 2026-07-31. This increase followed a strategic placement by Evolution Mining on 2026-08-04. The current price remains below the C$0.80 August placement price and well below the C$1.17 52-week high. The recent rally appears driven by the strategic financing and a future deep-drilling program rather than the assay results released today.
For a pre-resource explorer, the release is viewed as positive but incremental. It supports the broad-system thesis but does not constitute a material change, as the holes were not the down-dip tests the market is currently seeking.
Arizona Gold & Silver Inc. (AZS) is a pre-revenue junior exploration company listed on the TSXV under AZS and OTCQB under AZASF. Its flagship asset is the Philadelphia Gold-Silver Project in the Oatman Mining District of Arizona, characterized as a low-sulfidation epithermal gold-silver vein and stockwork system. The company also holds the Silverton gold-antimony project in Nevada and the Sycamore Canyon early-stage epithermal target.
No NI 43-101 mineral resources or reserves have been confirmed for the company. The investor presentation describes a conceptual bulk-tonnage target of 40-100 million tonnes at 1.5 g/t Au and a conceptual high-grade vein target of 3-4 million tonnes at 9 g/t Au. The share structure in the presentation shows 137,024,847 shares issued and 180,108,253 fully diluted.
Prior-period financials to 2026-05-31 show no revenue, a nine-month net loss of C$1.85 million, cash of C$4.96 million, and working capital of C$5.28 million. That was before the subsequent C$18 million Sorbie financing and the C$12 million Evolution investment.