Arizona Gold & Silver intersects visible gold at Philadelphia Project, eyes expansion
Arizona Gold & Silver intersects visible gold at Philadelphia Project, eyes expansion to provide a promising update from the company’s flagship Philadelphia Project in Arizona, where recent drilling efforts continue to deliver encouraging results and set the stage for a significant resource expansion. Speaking directly from the site, Stark reported that drill hole 154 has successfully intersected the project’s primary target vein zone, delivering a longer intercept of visible gold than any previous hole drilled at the site. This marks a meaningful advancement in confirming the continuity of the mineralized structure, particularly when compared to earlier positive results from hole 136. “We’re running more core to the lab than we’ve ever run before, so I’m excited about that,” said Stark, noting that the quantity of core samples submitted for assay reflects the team’s growing confidence in the scale and consistency of the gold system. The current phase of drilling is focused on testing a 150-meter stretch of the mineralized zone, with drill depths reaching between 1,100 and 1,200 feet. According to Stark, if the assay results maintain their current trend, the company could be looking at a substantial increase in gold ounces—a key milestone in progressing toward a defined resource. In addition to exploration progress, Stark also highlighted important logistical improvements that are reducing operational costs and supporting long-term site development. A newly constructed access road has streamlined equipment and personnel movement, and the installation of an on-site water well has eliminated the need to haul water for drilling operations. “It’s saving probably $30,000 to $35,000 every quarter, over $100,000 a year by utilizing our own water,” Stark noted, underscoring the efficiency gains from these infrastructure upgrades. The ongoing drill program is expected to continue for another two to two and a half weeks, though Stark confirmed it could be extended depending on results. He also emphasized the scale and growth potential of the project, noting that the mineralized system already extends 1.7 kilometers, with plans to drill an additional 1.5 kilometers to the south—a move that could further unlock the full scope of the deposit.
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