Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) said it has extended both high-grade and broad zones of gold mineralization at its Philadelphia project in Arizona, roughly 150 metres vertically above previously reported high-grade intersections in the Perry Zone.
Hole PC26-169 returned 21.79 metres grading 4.1 g/t gold and 5.8 g/t silver within a broader interval of 73.46 metres grading 1.69 g/t gold and 4.4 g/t silver.
Hole PC26-167 returned 15.24 metres grading 2.66 g/t gold and 5.6 g/t silver within 66.81 metres grading 1.12 g/t gold and 4 g/t silver.
The company said the four holes demonstrate a broad gold mineralized zone extending approximately 150 metres vertically above the previously reported high-grade Perry Zone intersections.
With an expanded permit from the US Bureau of Land Management now in place, drilling has transitioned to testing the projected down-dip continuation of the high-grade intercepts in the Perry Zone beneath the hematite and argillic altered cap to the Red Hills.
The expanded BLM permit provides access to 16 additional drill pads, enabling systematic testing of the Perry Zone at depth along with multiple high-priority targets across the Philadelphia Project. This deeper phase of drilling is underway and is expected to continue through 2026.
Dr. Lex Lambeck, senior vice president exploration, said the results strengthen the company's geological model, demonstrating broad gold mineralization within the Perry Zone and increasing confidence in the geometry and continuity of the system.
“Importantly drilling has now moved below these higher-grade intersections with drilling underway testing the projected down-dip continuation of the Perry Zone together with a CSAMT geophysical target beneath Red Hills,” Lambeck said in a statement. “This represents an important next step expanding the high-grade core of the Perry Zone, further proofing our geological model and testing an exciting target beneath the strong alteration seen at surface in the Red Hills.”
Deeper drilling will test both the Perry Zone and a coincident geophysical anomaly.
Exploration is also advancing over the Eastern and Northeastern hyperspectral anomalies as the company evaluates the district-scale potential of the Philadelphia low-sulfidation epithermal gold system.