Arizona GOLD & Silver Drilling Intersects 55.8 Metres Grading 1.27 Grams PER Tonne GOLD, Including High-Grade Intercepts at Philadelphia Project, Arizona
NEWS RELEASE
ARIZONA GOLD & SILVER DRILLING INTERSECTS 55.8 METRES GRADING 1.27
GRAMS PER TONNE GOLD, INCLUDING HIGH-GRADE INTERCEPTS AT
PHILADELPHIA PROJECT, ARIZONA
Vancouver, British Columbia, January 29, 2025 – Arizona Gold & Silver Inc. (TSXV: AZS)
(OTCQB:AZASF) is pleased to report initial assay results from the first two holes of the current core
drilling program at the Philadelphia project, northwestern Arizona. Drill hole locations are shown
on Figure 1.
Figure 1. Drill Hole Location Map for the Philadelphia Project.
Rising Fawn Target
The assays results below are from PC24-140 the first hole of eight holes drilled into Rising Fawn
during this program. Rising Fawn is a patented claim that was historically mined. It is one of many
patented and unpatented claims on the Philadelphia property.
These holes were designed to test high-angle veins internal to the mineralized zone situated between
hangingwall and footwall bounding fault structures. PC24-140 inters ected 55.8 metres at 1.27
grams per tonne gold (gpt Au) and 2.5 grams per tonne si lver (gpt Ag), between 0 and 55.8
metres down hole. True width is estimated at 5 2.4 metres, based on the overall 70 degree dip
of the mineralized zone. The overall intercept includes two high grade intercepts at 39.02-40.24
metres grading 24.5 gpt Au and 3.9 gpt Ag, and 51.98-54.73 metres grading 5.95 gpt Au and 9.3
gpt Ag. See Figure 2.
Hole PC24-140
From (m) To(m) gpt Au gpt Ag
0 55.8 1.27 2.5
including
39.02 40.24 24.5 3.9
and
51.98 54.73 5.95 9.3
Figure 2. Cross section showing results of hole PC24-140.
Seven other horizontal or shallow angle holes were drilled at approximately 30-metre centres across
the Rising Fawn target area to further test for these high-angle high-grade structures. All seven holes
are in the lab currently. All holes intersected thick intervals of stockwork quartz in the host rhyolite
and granite, with locally visible gold particles. We anxiously look forward to results from these holes.
The core rig that drilled these holes has been released.
Red Hills Target
The Red Hills area is some 5 63 metres southerly along trend from the Rising Fawn. The first hole,
PC24-132, was drilled to inter sect down-dip thick intervals of mineralization discovered in reverse
circulation drilling in 2021. Hole PC24-132 intersected 13.23 metres of 1.216 gpt Au flanked by
lower grade intervals grading between 0.267 and 0.718 gpt Au, for a total accumulated thickness
and grade of 64.2 metres at 0.563 gpt Au. Taken as one interval the intercept is 115.8 metres
thick grading 0.38 gpt Au beginning at 107.2 metres down hole. Gold values were present in all
three metallurgical rock types identified on the target to date (see Figure x). The intercept is thick,
and potentially of ore grade for heap leaching is lower in grade than the previous holes drilled up dip.
We interpret this hole as marking the depth limit of the potentially bulk mineable deposit (Figure 3).
Figure 3. Cross section showing hole PC24-132 with assays.
A second hole, PC24-133 was drilled down dip of PC24 -132. A third hole PC24-134 was drilled
down dip of hole PC24 -133 but was lost at a depth of 208.8 metres, just above the main target .
Unfortunately the drill rods became irretrievably jammed. A fourth drill hole, PC25-135 was drilled
to the north of PC2 4-132 to test beneath the southern edge of the Red Hills target. All completed
holes intersected the target approximately where anticipated. Assay results will be reported when
fully received.
Analytical turnaround times have been slow, affected by the year -end holiday season and a rush of
samples delivered from multiple clients immediately prior to the beginning of the year-end. This was
compounded by other lab issues.
Mr. Greg Hahn, VP Exploration commented, “Our overall objective at Philadelphia is to build a bulk tonnage
low grade heap leachable resource at grades better than 0.5 gpt gold. This grade is known to be mineable in
this district. Importantly we need to delineate the high grade veins that are known to exist between the footwall
and hanging wall structures that define the mineralized corridor. Some of these veins were the subject of
historic mining and others are new discoveries. Our results are accomplishing our objective.”
QA/QC Program
All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the
ALS sample preparation facility in Tucson, Arizona, where the samples are inventoried, dried, crushed and
pulverized. Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for
analyses. All material handling is done under a strict chain of custody protocol. Gold is determined by fire
assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.
The Company maintains its own program of inserting Standard Reference material in the form of standards
and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in
addition to the independent QA/QC protocols of ALS Global.
Exploration Going Forward
Many drill holes are with the laboratory awaiting assay. Drilling will continue to test the Red Hills target. To
the north, drilling will continue to test the down-dip continuity of high-grades at the Rising Fawn mineralized
zone. All drilling will be guided by results from the core samples currently in the laboratory.
Qualified Person
Gregory Hahn, VP -Exploration and a Certified Professional Geologist (#7122) is a 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 a leading exploration company focused on uncovering precious metal resources
in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques,
the company aims to drive value for stakehol ders while prioritizing environmental stewardship. The flagship
asset is the Philadelphia gold -silver property where the Company is drilling off an epithermal gold -silver
system ahead of 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
2025 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 tha t 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 202 5 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 m etals prices; possibility 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 o f 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 conta ined 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 (including 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 2025 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.