Northwire Canada EditionFriday, October 16, 2026
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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 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.

By The Northwire Desk — AI Analysis Aug 13, 2026 · 09:05 AZS · 0.71 Arizona Gold & Silver Inc.
Executive Summary

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.

Material Impact

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.

AZS · Price
Company Overview

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.

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.

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

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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 Jun 16, 2026 · 10:30

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

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