Arizona Gold & Silver reports high-grade drill results at Philadelphia project

Arizona Gold & Silver (TSX-V:AZS) reported its highest-grade and thickest drill intercept to date at its Philadelphia Project, with hole PC25-156 yielding 9.04 g/t gold and 34 g/t silver over 20.43 meters, and 5.61 g/t gold and 29.2 g/t silver over 38.72 meters. These results confirm the Perry Vein system's increasing thickness and grade with depth, suggesting the potential for a significant gold-silver deposit that remains open in all directions. The company is expanding its exploration area by 200 acres and preparing 16 new drill pads for a 2026 program, signaling confidence in further resource expansion.

Analysis

Arizona Gold & Silver (TSX-V:AZS) has reported a significant exploration success at its Philadelphia Project, confirming the presence of a high-grade, expanding mineralized system. The intercept in hole PC25-156, featuring 9.04 g/t gold over 20.43 meters and a broader zone of 5.61 g/t gold over 38.72 meters, represents the thickest and highest-grade result to date for the property. These findings are material as they validate the geological thesis that the Perry Vein system increases in both grade and thickness at depth. Management's commentary, including the VP of Exploration's belief that they have "not seen the heart of the system yet," reinforces the potential for further resource expansion, as the deposit remains open in all directions. The company is acting decisively on these results, evidenced by its submission to the US Bureau of Land Management to expand the exploration area by 200 acres and its preparation for an aggressive 2026 drill program with 16 new pads. This proactive stance, coupled with the imminent arrival of a new core rig, signals strong internal confidence and provides a clear roadmap for near-term value creation through continued exploration.

Key Decisions for Investors

• These drill results serve as a significant de-risking event for the Philadelphia Project, and investors should view this as a primary positive catalyst that materially enhances the asset's potential scale.
• Investors should monitor upcoming catalysts for further confirmation of the deposit's continuity, including assay results from the three subsequent drill holes and the metallic screen analyses on cores with visible gold.
• Given that the deposit remains open in all directions and management is aggressively expanding the exploration footprint for 2026, long-term investors may consider the significant resource growth potential, while remaining cognizant that this is still an early-stage exploration play dependent on future drilling success.