# Arizona Gold & Silver: Philadelphia Drilling Expands Structural Understanding of the Perry Gold System; Upwelling Zone Remains Open at Depth, Drilling Continues Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0 Original source: https://money.tmx.com/en/quote/AZS/news/5482079138839525/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th Publisher: tmx Original announcement: 2026-02-25T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Arizona Gold & Silver Inc. - Ticker: AZS - Exchange: TSX - Region: Arizona - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-08-21 01:52:26 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary Arizona Gold & Silver reported assays from holes PC25-159 and PC26-160 at the Philadelphia project, which intersected low-grade gold and silver within new east-west fault structures. The results suggest the mineralized zone is structurally complex but remains open at depth and up-dip. Reasoning: While the drill intercepts themselves are low-grade \(0.68 g/t and 0.29 g/t Au\), the results are significant for defining the structural limits of the Perry zone and confirming the system remains open at depth. - Positive factor: structural understanding improved - Positive factor: zone remains open at depth - Positive factor: geophysical program underway - Negative factor: low gold grades reported - Negative factor: structural complexities/faulting offsetting mineralization Facts used in scoring: 14 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions Skyline Labs, fire assay, and ICP analysis protocols. Evidence · text > The HQ core is delivered in its entirety to Skyline Labs in Tucson, Arizona **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Drilling is testing the shallower portion of the Perry zone to define the zone. Evidence · text > Drilling is continuing with the rig currently testing the shallower portion of the Perry zone ## Extracted facts Stored fact records: 14. Some facts used in scoring do not have a stored record. ## Drill Results (14) ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-0) Philadelphia · gold #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 0.68 - Grade Unit: g/t - Intercept: 28.41 m - From: 318.61 m - To: 347.02 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:318.61-347.02 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: 0.68 g/t Au is below the moderate threshold for epithermal systems. - Negative factor: low grade Evidence · text > 28.41 metres \(“m”\) at 0.68 g/t gold ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-1) Philadelphia · silver #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 6.04 - Grade Unit: g/t - Intercept: 28.41 m - From: 318.61 m - To: 347.02 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:318.61-347.02 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Silver grade is nominal for this system. Evidence · text > 6.04 g/t silver from 318.61m downhole ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-2) Philadelphia · gold #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.66 - Grade Unit: g/t - Intercept: 3.96 m - From: 318.61 m - To: 322.57 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:318.61-322.57 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval grade is moderate for epithermal. Evidence · text > 3.96m at 1.66 g/t gold ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-3) Philadelphia · silver #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 7.6 - Grade Unit: g/t - Intercept: 3.96 m - From: 318.61 m - To: 322.57 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:318.61-322.57 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval silver grade is nominal. Evidence · text > 7.6 g/t silver from 318.61m downhole ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-4) Philadelphia · gold #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 2.99 - Grade Unit: g/t - Intercept: 1.4 m - From: 327.42 m - To: 328.82 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:327.42-328.82 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Higher grade sub-interval. Evidence · text > 1.40m at 2.99 g/t gold ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-5) Philadelphia · silver #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 8.2 - Grade Unit: g/t - Intercept: 1.4 m - From: 327.42 m - To: 328.82 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:327.42-328.82 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval silver grade is nominal. Evidence · text > 8.2 g/t silver from 327.42 m downhole ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-6) Philadelphia · gold #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.74 - Grade Unit: g/t - Intercept: 2.34 m - From: 344.88 m - To: 347.22 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:344.88-347.22 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval grade is moderate for epithermal. Evidence · text > 2.34m at 1.74 g/t gold ### PC25-159 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-7) Philadelphia · silver #### Identity - Hole ID: PC25-159 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 12.85 - Grade Unit: g/t - Intercept: 2.34 m - From: 344.88 m - To: 347.22 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-159:344.88-347.22 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval silver grade is nominal. Evidence · text > 12.85 g/t silver from 344.88 downhole ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-8) Philadelphia · gold #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 0.293 - Grade Unit: g/t - Intercept: 66.39 m - From: 327.66 m - To: 394.05 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:327.66-394.05 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: 0.29 g/t Au is weak for an epithermal system. - Negative factor: very low grade Evidence · text > 66.39m at 0.293 g/t gold ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-9) Philadelphia · silver #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.364 - Grade Unit: g/t - Intercept: 66.39 m - From: 327.66 m - To: 394.05 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:327.66-394.05 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Silver grade is nominal. Evidence · text > 1.364 g/t silver from 327.66m downhole ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-10) Philadelphia · gold #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.46 - Grade Unit: g/t - Intercept: 1.07 m - From: 327.66 m - To: 328.73 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:327.66-328.73 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval grade is moderate for epithermal. Evidence · text > 1.07m at 1.46 g/t gold ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-11) Philadelphia · silver #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 1.07 m - From: 327.66 m - To: 328.73 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:327.66-328.73 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval silver grade is nominal. Evidence · text > 1.2 g/t silver from 327.66 m downhole ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-12) Philadelphia · gold #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: gold - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 1.87 - Grade Unit: g/t - Intercept: 1.34 m - From: 367.25 m - To: 368.59 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:367.25-368.59 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval grade is moderate for epithermal. Evidence · text > 1.34m at 1.87 g/t gold ### PC25-160 [Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-philadelphia-drilling-expands-structural-understanding-of-th--f46194ad-f552-43ad-ba60-29b266bf22e0#fact-drill-facts-13) Philadelphia · silver #### Identity - Hole ID: PC25-160 - Project: Philadelphia - Commodity: silver - Region: usa\_az - Reported Region: Arizona - Ticker: AZS #### Geometry - Grade: 9.8 - Grade Unit: g/t - Intercept: 1.34 m - From: 367.25 m - To: 368.59 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PC25-160:367.25-368.59 - Mining Method: underground #### QA/QC - Laboratory: Skyline Labs - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: fire assay, four-acid digestion, ICP analysis #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-25T00:00:00.000Z Reasoning: Sub-interval silver grade is nominal. Evidence · text > 9.8 g/t silver from 367.25 m downhole ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.