Arizona Gold & Silver inc.

Arizona Gold & Silver inc. (TSXV: AZS)  (OTCQB:AZASF) is pleased to announce it has received the final metallurgy report from McClelland Laboratories on agitation and column leach test work performed on two bulk samples from the Philadelphia gold-silver property. The samples were entirely of oxidized material taken from underground and surface workings. The objective of the program was to demonstrate the amenability of 1-2 grams per tonne gold material for heap leaching, the most cost-effective method for recovering precious metals from bulk tonnage gold deposits of this type. Column leach tests are the standard laboratory method for determining the amenability of oxide gold and silver bearing material to heap leach methods. The program established on a preliminary basis the optimum crush and recovery characteristics of the 1-2 grams per tonne gold material tested. Agitation leaching at various grind sizes was performed to assess gold and silver extractions for milling purposes. The column test work was completed at several crush sizes to assess gold and silver extractions under simulated heap leach conditions. Greg Hahn, Vice President of Exploration, commented “We have yet to see sulphides in old workings or in our drilling at Philadelphia. That being the case, we are very pleased with the results of test work on what I see as potentially large volumes of oxide material. The program demonstrated excellent gold extractions and modest silver extractions (as expected). Importantly, the column leach work demonstrates that our metal extractions at Philadelphia are in line with other heap leach operations in the region. The columns were still leaching gold at the end of the 177-day test period. Projections out to 360 days indicate additional extractions to 70% to 80% could be achieved, as during a commercial heap leach operation. The trade-off between higher capital and operating costs in a milling operation versus lower capital and operating costs for heap leaching would be the subject for an economic trade-off study down the road”. https://lnkd.in/g9vXzT4f #ArizonaGold #SilverExploration #PhiladelphiaProject #HeapLeaching #GoldExtraction #MiningDiscovery #PreciousMetals #OxideGold #GregHahn #MetallurgyReport #MiningNews #GoldExploration #ColumnLeachTest #MineralProcessing #MiningIndustry

Chilling & Drilling in Arizona Gold & Silver inc. and the Rockies Updates on the Philadelphia drilling program of Arizona Gold & Silver inc. The Kaiser Watch podcast, released on October 16, 2024, takes a deep dive into the latest updates on Arizona Gold & Silver Inc.'s Philadelphia drilling program. Get key insights into the company’s exploration efforts in Arizona and the Rockies as they uncover new opportunities amidst challenging terrain. Whether you’re following market trends or the latest drilling developments, this podcast provides a compelling look at the progress, challenges, and potential breakthroughs from the field. https://lnkd.in/gCNHV4GS #KaiserWatch #ArizonaGoldAndSilver #PhiladelphiaDrilling #MiningUpdates #PreciousMetals #GoldExploration #MiningNews #RockyMountains #MiningDiscovery

Chilling & Drilling in Arizona Gold & Silver inc. and the Rockies Updates on the Philadelphia drilling program of Arizona Gold & Silver inc. The Kaiser Watch podcast, released on October 16, 2024, takes a deep dive into the latest updates on Arizona Gold & Silver Inc.'s Philadelphia drilling program. Get key insights into the company’s exploration efforts in Arizona and the Rockies as they uncover new opportunities amidst challenging terrain. Whether you’re following market trends or the latest drilling developments, this podcast provides a compelling look at the progress, challenges, and potential breakthroughs from the field. https://lnkd.in/gzy2gksp #KaiserWatch #ArizonaGoldAndSilver #PhiladelphiaDrilling #MiningUpdates #PreciousMetals #GoldExploration #MiningNews #RockyMountains #MiningDiscovery

Chilling & Drilling in Arizona Gold & Silver inc. and the Rockies Updates on the Philadelphia drilling program of Arizona Gold & Silver inc. The Kaiser Watch podcast, released on October 16, 2024, takes a deep dive into the latest updates on Arizona Gold & Silver Inc.'s Philadelphia drilling program. Get key insights into the company’s exploration efforts in Arizona and the Rockies as they uncover new opportunities amidst challenging terrain. Whether you’re following market trends or the latest drilling developments, this podcast provides a compelling look at the progress, challenges, and potential breakthroughs from the field. https://lnkd.in/gCNHV4GS #KaiserWatch #ArizonaGoldAndSilver #PhiladelphiaDrilling #MiningUpdates #PreciousMetals #GoldExploration #MiningNews #RockyMountains #MiningDiscovery

This news update from Arizona Gold & Silver inc. discusses how they opened a $3 million financing on Sept. 18 and closed it for $4.6 million on Oct. 3, with Sprott and Rick Rule along for the ride. That impressive show of market interest now gives Arizona an enviable amount of runway to explore its Red Hills target, the long-suspected source of all their mineralisation to date discovered at their Philadelphia project - for the first time ever. Interview, Article, and Summary below. https://lnkd.in/gwqeTqH7 #ArizonaGoldAndSilver #RedHillsTarget #PhiladelphiaProject #MineralExploration #GoldMining #SilverMining #Sprott #RickRule #MiningFinancing #ExplorationNews #MiningDiscovery

Arizona Gold & Silver inc. (the “Company” or “Arizona Gold”) (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) of 15,425,090 units (the “Units”) at a price of $0.30 per Unit raising total gross proceeds of CDN$4,627,527.10. Each Unit consists of one common share (the “Shares”) of the Company and one transferable common share purchase warrant (each, a “Warrant“) with each whole Warrant exercisable at a price of $0.40 per Share for a period of three (3) years from closing of the Private Placement. CEO, Mike Stark wishes to acknowledge the continued support from existing shareholders and management increasing their positions, as well new investors. We also welcome Sprott and Rick Rule personally to the Arizona Gold & Silver Inc. share registry. Insiders of the Company subscribed for a total of 174,000 units. As a result, the Private Placement is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”)). The Company relied upon the “Issuer Not Listed on Specified Markets” and “Fair Market Value Not More Than $2,500,000” exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. The Company plans to use the proceeds of the Private Placement for further exploration of the Philadelphia Property in Mohave County, and for general working capital purposes. In connection with the closing of the Private Placement, the Company paid finders’ fees totaling $73,416.11. The finders’ fees are subject to regulatory approval. All securities issued are subject to a four-month hold period.   On behalf of the Board of Directors: Arizona Gold & Silver inc. Mike Stark, President, CEO and Director https://lnkd.in/gUTEfZuY #ArizonaGold #PrivatePlacement #GoldAndSilver #MiningDiscovery #MikeStark #ExplorationUpdate #PhiladelphiaProperty #MiningInvesting #Sprott #RickRule #TSXV #OTCQB #GoldExploration #SilverExploration #MineralExploration #MiningIndustry

Arizona Gold & Silver inc. (TSXV: AZS)  (OTCQB:AZASF) The Company is pleased to announce that due to investor demand, the size of its non-brokered private placement (“Private Placement”) previously announced on September 18, 2024 has been increased to 15,425,090 units from 10,000,000 Units of the Company (each a “Unit”) at a price of CAD$0.30 with total proceeds of CAD$4,627,527.10. Each Unit will consist of one common share and one transferable share purchase warrant (each whole warrant, a “Warrant”). Each warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) for a period of 36 months from the date of issue at an exercise price of CAD$0.40 per Warrant Share. It is expected that certain directors and officers of the company will participate in the private placement and are related parties within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions of the Canadian Securities Administrators. The participation of certain directors and officers in the private placement will constitute a related party transaction under MI 61-101. The company intends to rely upon exemptions from the formal valuation and minority approval requirements of MI 61-101. All securities issued under the private placement will be subject to a hold period of four months and one day from the closing date. The Company may pay finders’ fees in cash. The private placement and finders’ fees are subject to regulatory approval. https://lnkd.in/g_i9KqPZ #ArizonaGoldSilver #PrivatePlacement #MiningInvestors #GoldMining #SilverMining #TSXV #OTCQB #MiningIndustry #InvestmentOpportunity #CapitalRaise #JuniorMining #GoldStocks #SilverStocks #MiningNews #MiningExploration #ResourceInvestment #miningdiscovery

Arizona Gold & Silver inc. (the “Company” or “Arizona”) (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce a non-brokered private placement (the “Private Placement”) offering of up to 10 million units (“Units”) at a price of $0.30 per Unit for gross proceeds of up to CAD $3,000,000 million. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.40 for three (3) years following the closing of the Private Placement. As part of the financing terms Sprott Global Resource Investments, Ltd. has agreed to act as finders in the Private Placement, with a lead order of CAD $850,000 from a single US Fund. The Company may pay finders’ fees of 4% to eligible finders for services in connection with the Private Placement in cash or warrants exercisable into shares (“Finders Warrants”). The terms of the Finders Warrants will be the same terms as the Warrants pursuant to the Private Placement. “We feel very fortunate to have Sprott take the lead on this financing. Sprott recognizes the success and growing potential of Arizona’s Philadelphia project” stated Mike Stark, President & CEO. The Company plans to use the proceeds of the Private Placement for further exploration and drilling of the Philadelphia Property in Mohave County, Arizona, the advancement of other Company projects, as well as for general working capital purposes. https://lnkd.in/g2XG5KbC #miningdiscovery #gold #silver #arizona #canada #million #linkdin #news #latest #invest #investing #learnmore #drilling #mikestark #placement #silver #precious #exploration #miningdiscovery