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Arizona Gold & Silver CEO discusses Philadelphia project drilling update - ICYMI
Proactiveinvestors NA· 2026-02-28 16:17
Core Viewpoint - Arizona Gold & Silver Inc has provided an update on its Philadelphia Project, highlighting both short-term variability in drilling results and a significant exploration opportunity that is still in its early stages [1][3]. Drilling Results - Holes 159 and 160 encountered faulting on either side of the current upwelling zone, affecting near-surface continuity, although the upwelling zone remains open at depth [1][3]. - The company has experienced a successful run of drilling prior to these holes, and the current results were somewhat expected [4]. Future Plans - The company plans to drill beside hole 136 to better understand the geological features surrounding the area, which has previously shown promising results [5]. - The drilling area is part of a larger concentration zone, with only a small portion of the Philadelphia Project being tested so far [7]. Exploration Potential - The Philadelphia Project covers 3,100 acres, with only 3.5 acres currently focused on, indicating significant untested potential [7]. - The company views the Red Hill area as a major opportunity for further exploration, suggesting that the discovery is significant and still largely unexplored [8]. Company Sentiment - The company expresses optimism about the project despite encountering faults, viewing the current situation as just the beginning of a larger exploration effort [9].