Arizona Gold & Silver

Arizona Gold & Silver announced new diamond drill results from the Perry Zone at its Philadelphia Gold‑Silver Project, including hole 169 with 22 metres at 4.1 g/t Au within 73 metres at 1.7 g/t Au and hole 167 with 15 metres at 2.7 g/t Au within 67 metres at 1.1 g/t Au. The company says results demonstrate continuity of the Perry vein system and support its geological and hydrothermal model. It has received BLM permits, moved the drill to the east side of Red Hills and plans further down‑dip, along‑strike and beneath‑Red Hills drilling to test extensions and additional targets. Management views upcoming drill campaigns as potential catalysts for the project. » More on finance.yahoo.com

Arizona Gold & Silver received U.S. Bureau of Land Management approval to expand drilling with 16 additional pads, enabling deeper testing including a planned hole to ~2,800 ft and potential extensions to 3,500 ft. Management will follow up on Hole 156 and target a 1.8 km southern extension as it seeks district-scale mineralization and up to ~1,000 ft of additional exploration upside. The company says strong warrant exercise participation and an $18m funding tranche from Sorbie (starting in September) provide roughly two to 2.5 years of drilling runway. Four further news releases are expected as the drilling programme advances. » More on finance.yahoo.com