MINING REFINING

Arizona Gold & Silver reveals high-grade gold intercepts at Philadelphia

Mon April 07 2025

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) announced high-grade gold assay results from its Philadelphia project in northwestern Arizona, including an intercept of 4.91 metres grading 9.20 grams per tonne (g/t) gold within a broader mineralized zone.

The high-grade interval is part of a larger 41.9-metre section averaging 1.6 g/t gold and 3.3 g/t silver, hosted in epithermal quartz and calcite-bearing vein breccia within rhyolitic volcanic rocks.

The intercept also includes multiple nested zones of increasing grade, surrounded by lower-grade stockwork, according to the company.

True widths are estimated to be approximately 50% of the drilling thickness.

Arizona Gold & Silver told investors that the drill results confirm the continuity of a high-grade epithermal vein system and associated stockwork, expanding mineralization to the east of previously tested zones. Vein textures display classic epithermal characteristics that Arizona’s team said are reminiscent of high-grade zones in the nearby historic Oatman gold mines.

“Grades improve down dip, which encourages continuing to pursue the target at depth,” said Greg Hahn, vice president of exploration. “The mineralization remains open in both directions along strike and down plunge, and drilling is continuing.”

The results come from a newly tested portion of the main mineralized trend known as Rising Fawn, an area that had previously lacked sufficient drilling to support a resource estimate. The company said several additional holes targeting the same zone have been completed and are currently in the laboratory for assay, while drilling is ongoing at the site.

Source: https://www.proactiveinvestors.co.uk