Arizona GOLD & Silver Contracts Second Core Drill to Test High-Grade Zone at Rising Fawn Area of the Philadelphia Project, Arizona
NEWS RELEASE
ARIZONA GOLD & SILVER CONTRACTS SECOND CORE DRILL TO TEST HIGH-GRADE ZONE
AT RISING FAWN AREA OF THE PHILADELPHIA PROJECT, ARIZONA
Vancouver, British Columbia, November 07, 2024 – Arizona Gold & Silver Inc. or the Company
(TSXV: AZS) (OTCQB: AZASF) is pleased to announce the contracting of a second core drill for its
Philadelphia Gold-Silver Property in Arizona. This additional drill will focus on testing the high-
grade zone at the Rising Fawn target area, where access limitations have previously hindered drilling
with conventional rigs.
The newly contracted core drill is specially designed to drill horizontal and shallow -angle holes at
inclinations of less than 45 degrees, a capability not possible with standard drill rigs. This method is
essential for obtaining subsurface data from benea th a high cliff face of mineralized material that is
not easily accessible from the top of the ridge. Drilling is set to commence this week.
Earlier this year, the Company announced channel sampling from a recently exposed, historic 51.8 -
meter-long drift (News Release dated July 3, 2024). The results revealed 30.5 meters grading 2.33
grams per tonne (g/t) gold and 15.27 g/t silver starting at t he adit entrance. Due to safety concerns,
the sampling excluded a 30-meter deep winze located on the high-grade hanging wall (HW) vein. The
reported 30.5-meter interval was followed by 18.28 meters grading 0.59 g/t gold and 3.74 g/t silver.
In total, the drift intersected 48.78 meters grading 1.68 g/t gold and 10.95 g/t silver, with a true width
of approximately 44.21 meters.
The combination of these channel sampling results, along with historic drilling and surface mapping,
indicates that the high-grade zones within the thicker overall mineralized interval at Rising Fawn are
steeply dipping, making them unsuitable for traditional vertical or steeply inclined drilling. Horizontal
holes are the optimal method for intersecting these steeply dipping, high-grade vein structures.
Currently, there are no drill holes down-dip from the aforementioned adit. The new drilling program,
consisting of 12 planned horizontal and shallow-angle holes, will test the area immediately down-dip
of the historic drift. Preliminary grade modeling sugg ests a potential plunge to the high -grade
intercepts, and this drilling campaign will also assess this interpretation of the grade distribution.
Additionally, a short adit located nearby exposes the HW vein, where channel sampling returned 1.5
meters grading 20.4 g/t gold and 20.5 g/t silver. The full interval from 0 to 10.67 meters assayed 3.49
g/t gold and 12.33 g/t silver. This area will also be included in the upcoming drilling program.
Mr. Greg Hahn, VP of Exploration, commented, “By drilling this high-grade portion of the system,
we aim to gather the necessary data for resource modeling and gain a better understanding of the
detailed distribution of grade within the overall mineralized zone at Rising Fawn.”
Ongoing Drilling at Red Hills Target
The first core hole at the Red Hills Target has been completed, with a second core hole currently in
progress. This drilling is targeting the hydrothermally altered Red Hills flow dome (See News
Releases dated February 7, 2023, and June 5, 2024). The first hole confirmed the geologic model
derived from previous reverse circulation drilling and CSAMT geophysical data, encountering strong
clay alteration above a thick interval of quartz stockwork in both porphyritic rhyolite and underlying
granite. Drill core samples will be sent to the laboratory shortly for analysis, and assay results are
eagerly anticipated.
QA/QC Program
All drill core will be transported to the ALS sample preparation facility in Tucson, Arizona, where it
will be photographed, sawed, and sampled per instructions from the project geologists, before being
crushed and pulverized. Pulverized splits will be sent to ALS’s analytical facility in Vancouver, BC,
for assaying. The Company follows a strict chain -of-custody protocol throughout the material
handling process. Gold assays will be determined by fire assay with an AA finish, while silver will
be analyzed using ICP-MS methods within a 31-element suite.
The Company also maintains its own quality assurance and quality control (QA/QC) program,
including the insertion of certified reference materials (standards and blanks) into the sample stream
prior to shipping to ALS’s preparation facility in Tucson, as w ell as ALS Global’s independent
QA/QC protocols.
Qualified Person
Gregory Hahn, VP Exploration and a Certified Professional Geologist (#7122), is the Qualified
Person under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical
information contained in this news release.
About Arizona Gold & Silver Inc.
Arizona Gold & Silver Inc. is an exploration company focused on uncovering precious metal
resources in Arizona and Nevada. The Company is committed to sustainable practices and innovative
exploration methods, with the goal of delivering value for its stake holders while prioritizing
environmental stewardship. Its flagship asset is the Philadelphia Gold -Silver Property, where the
Company is advancing an epithermal gold -silver system in preparation for an initial resource
calculation.
On behalf of the Board of Directors:
ARIZONA GOLD & SILVER INC.
Mike Stark, President and CEO, Director
Phone: (604) 833-4278
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward -looking statements or information. All statements other
than statements of historical fact included in this release are forward-looking statements that involve
various risks and uncertainties. Forward -looking statements in this news release include statements
in relation to the timing, cost and other aspects of the 2024 exploration program; the potential for
development of the mineral resources; the potential mineralization and geological merits of the
exploration properties; and other future plans, objectives or expectations of the Company. There can
be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's plans or expectations include the risk that actual
results of current and planned exploration activities, including the results of the Company's 2024
drilling program (s) on its properties, will not be consistent with the Company's expectations; the
geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral
resources, grade and/or recovery rates; fluctuating metals prices; pos sibility of accidents, equipment
breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and
expenses; uncertainties involved in the interpretation of drilling results and geological tests;
availability of capital and financing required to continue the Company's future exploration programs
and preparation of geological reports and studies; delays in the preparation of geological reports and
studies; the metallurgical characteristics of mineralization contained within the exploration properties
are yet to be fully determined; general economic, market or business conditions; competition and loss
of key employees; regulatory changes and restrictions including in relation to required permits for
exploration activities (includin g drilling permits) and environmental liability; timeliness of
government or regulatory approvals; and other risks detailed herein and from time to time in the
filings made by the Company with securities regulators. In connection with the forward -looking
information contained in this news release, the Company has made numerous assumptions, including
that the Company's 2024 programs would proceed as planned and within budget. The Company
expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as otherwise required by
applicable securities legislation.