Arizona Gold & Silver (TSX-V:AZS) has announced a significant vein intercept at its Philadelphia Project in the US. The drilling intersected zones of yellow quartz within an epithermal quartz and bladed calcite-bearing vein system. Arizona Gold & Silver is a dual-listed junior explorer focused on its precious metals assets in Nevada and Arizona. The Philadelphia Project, located in Mohave County, Arizona, is being advanced in preparation for an initial resource estimate.
Drillhole PC25-154 intersected 22.47 metres at 3.05 grams per tonne gold, including segments of 11.5 grams per tonne gold across 1.59 metres and 6.41 grams per tonne gold across 3.69 metres. According to the company, these results continue to suggest that the mineralisation within the system is intensifying at greater depths. Currently, drilling is ongoing at Philadelphia to test the downdip of the Perry vein intercepts.
Greg Hahn, Vice President of Exploration, noted the increasing gold concentrations and favourable vein textures observed at depth. “Yellow quartz is more abundant than what was present in holes updip,” Hahn stated. He further added that the presence of two high-grade zones, rather than just one, is another indication of the system’s strengthening with depth.
This positive development coincides with a broader upward trend in gold prices, which are approaching US$3,340 per ounce. Since the beginning of 2025, gold has risen 23.27 per cent, marking new all-time highs, driven by investors responding to US inflation data and trade developments. Drilling has been completed on the adjacent Rising Fawn zone, and the company is awaiting assays.
