Arizona Gold & Silver Inc. (TSX-V: AZS) (OTCQB: AZASF) is pleased to report continuous gold mineralization at potentially bulk mineable grades from core drilling on the Philadelphia Project in northwestern Arizona.

Two drill holes, PC24-141 and PC24-142, were completed approximately 100 metres (“m”) north of previous drill hole PC24-140 and two new holes GB-1 and GB-2.  PC24-140 was previously reported.  Both new holes intersected wide intercepts as follows:

• PC24-142 (starting at surface): 62.18m at 1.27 gpt gold and 4.06 gpt Ag
• PC24-141 (starting at surface): 40.39m at 1.0 gpt and 2.76 gpt Ag.

Both drill holes tested the Rising Fawn target, situated on patented mining claims within the main gold trend on the Philadelphia Project.

Approximately 100m   south of these holes, a prominent outcrop of the hanging wall high vein was channel sampled. It returned high grade assays, 9.94 gpt gold and 79.4 gpt silver over 1.83m.  This led to drilling core holes GB-1 and GB-2 some 5m from the outcrop.

The new drill holes returned high grades – 2.07m at 17.45 gpt gold and 46.2 gpt silver, and 2.05m at 16.55 gpt gold and 42.7 gpt silver respectively. The next phase of drilling will focus on targeting the down-dip extension of these high-grade intercepts.

All Drill Results (starting at surface):

   Hole ID From(m)                 To(m)          Thickness(m)   Gold gpt         Ag gpt

PC24-142          Surface                    62.18                62.18                     1.27              4.06

PC24-141          Surface                    40.39                 40.39                    1.0               2.76

GB-1                  Surface                      2.07                  2.07                  17.65               46.2

GB-2                  Surface                      2.05                 2.05                   16.55               42.7

The potentially bulk mineable grades in PC24-142 and PC24-4 start at surface and compare favorably to previously reported PC24-140 (starting from surface 55.8m at 1.27gpt gold and 2.5 gpt silver).

Results from three additional holes sent to ALS labs are pending.  In addition, three holes have been submitted to Skyline Labs in Tucson and are in preparation.

Mr. Greg Hahn, VP Exploration commented, “Our goal at Philadelphia is to develop a bulk tonnage gold resource for large scale heap leach development.  A potential grade of +0.5 gpt gold would be consistent with mining operations in this district. These results indicate we are firmly on track to achieve a successful outcome.  Of course, a lot more drilling and engineering is ahead of us to determine the project economics. Drilling is continuing.”

Exploration Going Forward

Current drilling is testing down dip of the Rising Fawn mineralized intercepts reported herein. Drilling of the Red Hills target awaits assay results to guide the siting of ongoing drilling in that area.

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.

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.

Please refer to our website for all images related to this news release:
https://arizonagoldsilver.com/philadelphia/

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 stakeholders 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.