Core Drilling Progress

The Company has two core drills currently turning.  Six completed holes are currently in the sample preparation laboratory, and an additional hole is scheduled to be delivered to the sample preparation lab before the drillers break for the holidays.

Two deep holes have been completed at the Red Hills target to pursue the +100-metre-thick intercepts of +1.3 grams per tonne gold reported previously from RC drilling.  The target is the down dip extension to known mineralization and the southern fringe of a CSAMT anomaly below a hydrothermally altered flow dome known as Red Hill.  Both core holes intersected the intended target with thick zones of quartz + calcite veining and occasional fine-grained visible gold. A third hole is in progress further down-dip from these holes.  More holes on this target will follow in 2025.

All core hole samples need to be sawed in half as stipulated by the project geologist, with one half sampled at designated intervals for assaying and the other half preserved for further studies.  Once sampled, the individual samples go through crushing, splitting, pulverizing, and further splitting before a sample split is sent to the assay laboratory in Vancouver, BC.  All sample preparations take time, depending upon the current workload at the respective laboratories.

Five core holes have been completed at the Rising Fawn target area.  The program is to consist of 10 horizontal and shallow-angle holes to test the area adjacent to and down-dip of an historic drift that carries high grade mineralization.  All holes have intersected quartz plus calcite veins and veining in either rhyolite or granite. Our geologists report occasional fine-grained visible gold in the quartz veins. Total intercepts range from 40 to 130 metres in thickness (true width). To view core from both drill sights here is the link: https://arizonagoldsilver.com/philadelphia/ Grades are unknown until assay results are received. Preliminary grade modelling from earlier work suggests a potential plunge to mineralization in this area.  This drilling will determine if such a plunge exists.

Ground Follow-up of Satellite Hyperspectral Survey Results

The Company is currently doing ground follow-up of a satellite WV3 hyperspectral survey completed across the entire property in late October.  The survey identified several large alteration anomalies where previous ASTER hyperspectral data suggested the presence of large alteration areas. The new data provide a 2-metre resolution compared to the previous 30-metre resolution and provide greater detail of the distribution of alteration minerals. The Red Hills target area stands out as a very prominent iron oxide and illite-smectite alteration with dimensions of over 600 metres wide by 700 metres long. The current drilling program is designed to test the western fringe of this large bulk-tonnage target. Additional targets are being identified and will be reported on in Q1-2025