Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) CEO Mike Stark talked with Proactive about encouraging drill results from the company’s Philadelphia project in Arizona.
Stark confirmed the continuity of mineralization along strike, with new drill hole 158 showing “exceptional continuity” over a 110-metre spread from earlier holes 156 and 157. Hole 159 is also underway, targeting the same zone.
Importantly, this progress is from just a small portion of the company's 3,100-acre land package.
Proactive: Welcome back inside our Proactive newsroom. And joining me now is Mike Stark. He is the CEO of Arizona Gold & Silver. Mike, it's great to see you again. How are you?
Mike Stark: Very well. Good morning.
Last time we talked, you were in the process of putting together hole 158 at your Philadelphia project in Arizona. You've now got results from that, and I guess one way to say it is—it’s more of the same. But in this case, that’s a good thing. Tell me a bit about what you're seeing in that hole.
Exceptional. Great. An exceptional continuity along strike now. This is a 110-metre spread from where we started at hole 156 to 157. Excuse me—158. Hole 159 is actually in the process of reaching the target zone. And I’ll bring that up as soon as I can. So investors know this is extremely large and, more importantly, showing great continuity along strike.
Yeah, and that's the key because you're talking about a very small portion of your property. This is on the Perry claim. And that’s a key point, isn't it? You're only on a small part of what is a very large land area.
You know, I couldn’t have said it better. Thank you. Look, the package we control is over 3,100 acres. We’ve only looked at 3.5% of our property so far. Obviously, we're waiting for another permit. That permit process, by the way, is going extremely well. We hope to have some news for shareholders very soon. What I’m excited about is that we’ve only looked at 3.5% of a three-kilometre strike length that we have a visual of, being at surface all the way along. There is a tremendous amount of opportunity here.
You mentioned 2026 is going to be a pretty busy year, and the treasury getting busy as well. A lot of your long-term shareholders are continuing to support the company.
We've had some excellent response on that. All the warrants in the December offering have been exercised. Now we're getting spillover from that—people are exercising the April warrants ahead of schedule. It’s really made a nice difference in the treasury. We’re well supported here now for a good runway. We're really, really appreciative of that.
As you mentioned earlier, we’re talking about a further 60 metres north of the last reported drilling. So it continues to show the length of the strike. That’s important for people to understand—you continue to move things along as you suggested in earlier interviews.
Absolutely. Look—60 and 70 metres of mineralization, four grams in this case—those are excellent grades. We've got a high-grade vein at the top at 19 grams over four metres. That’s exceptional. And look, we’re going to turn the rig around on hole 160 and go southwest of hole 156 and drill down. Again, it's all on the website. I really encourage people—if they want insight—just go to the website, go to the project page: Philadelphia. We're laying it out there.
As a matter of fact, all the subscribers to the website got a Christmas letter this year, as I do every year. But more importantly, it maps out the likely next six months of where we are going to go. I was really thrilled to do that. We've had, again, an excellent start to 2026. I promise you—there’s a lot more coming here.
Quotes have been lightly edited for style and clarity