Arizona Gold & Silver Inc. (TSXV: AZS | OTCQB: AZASF) has released assay results from two new core holes at its Philadelphia Gold-Silver Project in Mohave County, Arizona, reporting broad zones of gold-silver mineralization in the Perry Zone. Drill hole PC26-173 returned 43.59 metres at 1.48 g/t gold and 7.2 g/t silver, with a higher-grade interval of 7.04 metres at 4.24 g/t gold, while PC26-172 intersected 70.41 metres at 1.16 g/t gold and 5.6 g/t silver. The results extend the mineralized system down dip and are informing the company's geological model as drilling continues beneath Red Hills.

Key Points

  • Arizona Gold & Silver Inc. (TSXV: AZS | OTCQB: AZASF)
  • PC26-173 returned 43.59 m at 1.48 g/t gold including 7.04 m at 4.24 g/t gold; PC26-172 returned 70.41 m at 1.16 g/t gold at the Perry Zone, Philadelphia Project
  • PC26-174 has been completed with assays pending; PC26-175 is currently being drilled approximately 60 metres north of PC26-173
  • Investors may watch for assay results from PC26-174 and ongoing results from PC26-175 as the program evaluates higher-grade and open-pit scenarios

Perry Zone Drill Results Confirm Broad Gold-Silver Mineralisation at Depth

Holes PC26-172 and PC26-173 were both designed to test down-dip and strike continuity of the Perry Zone beneath Red Hills. PC26-173, drilled at an azimuth of 335 degrees and an inclination of -54 degrees, returned nested higher-grade intervals within the broader 43.59-metre envelope, including 21.88 metres at 2.52 g/t gold, 13.14 metres at 3.51 g/t gold, and an innermost 7.04-metre interval at 4.24 g/t gold and 15.2 g/t silver. True thickness for both holes is estimated at approximately 60% of drilled thickness, as stated in the release.

Geological Interpretation Points Toward a North-Plunging Upflow Zone

The company states that gold mineralisation in both holes is hosted by green, quartz-rich hydrothermal breccias interpreted as part of the broader Perry Zone envelope. The spatial relationship between PC26-172 and PC26-173, combined with Ag:Au ratios and grade distribution, has helped refine the projected position of a north-plunging upflow or "feeder" zone. The release indicates PC26-172 may have passed south of or along the margin of the gold-rich core, while PC26-173 captured a more centralised higher-grade interval, guiding subsequent drill targeting.

Systematic Drilling Program Continues With Two Additional Holes

The company reports that PC26-174 has been completed directly below PC26-173, with assays pending, and that PC26-175 is in progress approximately 60 metres north of PC26-173, targeting the revised projection of the higher-grade upflow zone. Dr. Lex Lambeck, Senior Vice President of Exploration and the Qualified Person for this disclosure, noted in the release that the program is evaluating both a higher-grade underground scenario and a larger-scale open-pit scenario, with further drilling described as necessary to assess both possibilities. The immediate share price impact was not clear from available public information.