Arizona Gold & Silver Receives Approval for Expansion and Exploration Drilling at Philadelphia Project
Vancouver, British Columbia — June 16, 2026 — Leads & Copy — Arizona Gold & Silver Inc. (TSXV: AZS) (OTCQB: AZASF) has received approval from the United States Bureau of Land Management (BLM) for expansion and exploration drilling at its Philadelphia gold-silver project in northwestern Arizona. The approval modifies the company’s Exploration Plan to include the construction of 16 new drill pads, associated sumps, and access roads, disturbing approximately 14 acres. These activities were previously analyzed in the project’s Environmental Assessment, and the BLM has classified this modification as minor.
The proposed drilling program will test the down-dip continuation of high-grade gold-silver intercepts found in previous drill holes, the 1.5-kilometer strike length of alteration along the southern extension of the Arabian Fault, and a CSAMT geophysical anomaly detected in 2023 beneath the Red Hills area. The company plans to commence drilling down-dip from drill hole PC25-156, which previously intersected 20.43 meters grading 9.04 gpt Au and 34.0 gpt Ag, within a broader interval of 60.37 meters grading 4.36 gpt Au and 6.38 gpt Ag.
CEO Mike Stark expressed optimism about the timing of the approval, noting that the company is well-funded following an $18 million private placement and has approximately $4.8 million in treasury. Stark anticipates more than two years of active drilling ahead, with the program designed to test the southern extension and down-dip potential of the Perry Zone, as well as the Red Hills target. Ongoing surface exploration will continue to evaluate the district-scale potential of the project.
Dr. Lex Lambeck, SVP Exploration for Arizona Gold and Silver and a Certified Professional Geologist, has reviewed and approved the technical content of this release as the Qualified Person under NI 43-101.
Arizona Gold & Silver Inc. is an exploration company focused on precious metal resources in Arizona and Nevada. Its flagship asset is the Philadelphia gold-silver property, where the company is advancing an epithermal gold-silver system ahead of an initial resource calculation. The company emphasizes sustainable practices and innovative exploration techniques.
Source: Arizona Gold & Silver Inc.
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