# Arizona Gold & Silver Reports On Continuing Philadelphia Project, Arizona Metallurgical Program - Core Drilling Program Resumes

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e

Original source: https://money.tmx.com/en/quote/AZS/news/6765148107717667/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg

Publisher: tmx

Original announcement: 2025-10-15T14:45:00.000Z

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: Metallurgy, Drill results

- Extracted: 2026-08-21 05:26:40 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Arizona Gold & Silver reported positive metallurgical results from column leach tests at the Philadelphia Project, where HPGR crushing achieved 76% gold recovery. The company is also resuming core drilling to test the Perry Vein target.

Reasoning: Positive metallurgical progress showing HPGR crushing significantly enhances gold recovery in heap leach tests, supporting the dual-track mining strategy.

- Positive factor: HPGR crushing improves gold recovery by 16% vs conventional

- Positive factor: Gold recovery of 76% in heap leach test is strong for the route

- Positive factor: Demonstrates amenability of near-surface stockwork to heap leach

- Negative factor: Silver recovery is relatively low at 40%

Facts used in scoring: 6

## Classification and evidence

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: The metallurgical program focuses on column leach tests for heap leach extraction.

Evidence · text

> amenability of this material to heap leach extraction

**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: The release mentions sample collection, transport, and review by a Qualified Person.

Evidence · text

> Qualified Person Gregory Hahn... has reviewed and approved the technical information

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The high-grade intercept in PC25-156 is explicitly referenced as being from a September 17 news release.

Evidence · text

> see news release dated September 17, 2025

## Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

## Metallurgical Results (6)

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-0)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: AZS

#### Test Work

- Program Status: optimization
- Test Type: column leach
- Processing Route: heap leach, HPGR crushing to -6.3mm
- Sample: bulk sample crushed by HPGR to -6.3mm \(-1/4 inch\)

#### Recovery

- Recovery: 76 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Kappes, Cassiday & Associates

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-09-17T00:00:00.000Z

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: High recovery for a heap leach route using HPGR technology.

- Positive factor: 76% recovery is strong for heap leach

- Positive factor: HPGR provides 16% improvement over conventional crushing

Evidence · text

> achieved 76% recovery on gold

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-1)

silver

#### Identity

- Commodity: silver
- Ticker: AZS

#### Test Work

- Program Status: optimization
- Test Type: column leach
- Processing Route: heap leach, HPGR crushing to -6.3mm
- Sample: bulk sample crushed by HPGR to -6.3mm \(-1/4 inch\)

#### Recovery

- Recovery: 40 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Kappes, Cassiday & Associates

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: Silver recovery is significantly lower than gold recovery in the same test.

- Negative factor: 40% recovery is relatively low

Evidence · text

> 40% recovery on silver

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: AZS

#### Test Work

- Program Status: optimization
- Test Type: column leach
- Processing Route: heap leach, HPGR crushing to -12.5mm
- Sample: bulk sample crushed by HPGR to -12.5mm \(-1/ inch\)

#### Recovery

- Recovery: 61 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Kappes, Cassiday & Associates

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: Coarser HPGR crush still outperforms conventional crushing.

- Positive factor: Exceeds conventional crushing by 16% on gold

Evidence · text

> Recovery of bulk material HPGR crushed to -12.5mm \(-1/ inch\) is 61% on gold

### column leach

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-3)

silver

#### Identity

- Commodity: silver
- Ticker: AZS

#### Test Work

- Program Status: optimization
- Test Type: column leach
- Processing Route: heap leach, HPGR crushing to -12.5mm
- Sample: bulk sample crushed by HPGR to -12.5mm \(-1/ inch\)

#### Recovery

- Recovery: 32 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: Kappes, Cassiday & Associates

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: Slight improvement over conventional crushing for silver.

- Positive factor: Exceeds conventional crushing by 8% on silver

Evidence · text

> 32% on silver in the same period of time

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-4)

Philadelphia Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Philadelphia Project
- Commodity: gold
- Ticker: AZS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-09-17T00:00:00.000Z

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: Strong gold intercept, though noted as historical.

- Positive factor: High grade intercept

Evidence · text

> 20.43 metres grading 9.04 gpt Au

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-gold-silver-reports-on-continuing-philadelphia-project-arizona-metallurg--84d5237a-cd2f-4c8c-b5a8-ee73f9aeab2e#fact-metallurgical-facts-5)

Philadelphia Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Philadelphia Project
- Commodity: silver
- Ticker: AZS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-09-17T00:00:00.000Z

#### Dates

- Event date: 2025-10-15T00:00:00.000Z

Reasoning: Significant silver grade in historical intercept.

- Positive factor: Strong silver grade

Evidence · text

> 34 gpt Ag in PC25-156

## 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.