What's Happening?
Arizona Gold & Silver has announced significant findings at its Philadelphia Project in Arizona, reporting the highest-grade and thickest gold and silver mineralization to date. Drillhole PC25-156 revealed grades of up to 9.04 grams per tonne of gold and 34 grams per tonne of silver over 20.43 meters. The company found gold and silver at a depth of 312.50 meters, with an average of 5.61 grams of gold per tonne and 29.2 grams of silver per tonne over 38.72 meters. CEO Mike Stark emphasized the potential for further exploration to increase the scale and grade of the system. The company plans to continue drilling, with additional rigs arriving in October to guide a 2026 drill program, aiming to expand the exploration area by 200 acres.
Why It's Important?
The discovery of high-grade gold and silver at the Philadelphia Project underscores the potential for significant mineral deposits in Arizona. This could lead to increased investment and exploration activities in the region, boosting local economies and the mining sector. The consistent return of high-grade intercepts suggests untapped potential at depth, which could transform the Philadelphia Project into a major gold-silver deposit. This development is crucial for Arizona Gold & Silver's growth strategy and could enhance its market position and attract further investment.
What's Next?
Arizona Gold & Silver plans to expand its exploration efforts at the Philadelphia Project, with additional drilling scheduled to commence in October. The company aims to increase the exploration area and continue assessing the potential of the Perry vein system. The results of these activities will guide the 2026 drill program, potentially leading to further discoveries and development of the project.
