Arizona Gold & Silver CEO discusses latest high-grade drill results from Philadelphia project - ICYMI
Proactiveinvestors NA·2026-01-10 16:06

Core Insights - Arizona Gold & Silver Inc has reported encouraging drill results from its Philadelphia project in Arizona, highlighting exceptional continuity of mineralization over a 110-metre spread from previous drill holes [1][3] Company Developments - The company is currently drilling hole 159, which targets the same mineralization zone as previous holes [1][3] - Only 3.5% of the company's 3,100-acre land package has been explored, indicating significant potential for further discoveries [4] - The permitting process for further exploration is progressing well, with expectations for news to shareholders soon [4] Financial Position - The company has seen strong support from long-term shareholders, with all warrants from a December offering exercised and additional early exercises from April warrants, positively impacting the treasury [5] - The company is well-positioned for future exploration activities, with a solid financial runway [5] Exploration Insights - Recent drilling has revealed high-grade mineralization, including 60 to 70 metres of mineralization at four grams, and a high-grade vein at 19 grams over four metres [6] - Future drilling plans include turning the rig for hole 160 to explore southwest of hole 156 [6] Future Outlook - The company has outlined plans for the next six months, indicating a busy year ahead in 2026 with more developments expected [7]