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Fri Jan 3, 2025 KW Excerpt: Kaiser Watch January 3, 2025: Arizona Gold & Silver Inc (AZS-V) Publisher: Kaiser Research Online Author: Copyright 2024 John A. Kaiser
(0:14:06): Why did you continue Arizona Gold & Silver Inc as a 2025 Favorite?
Arizona Gold and Silver Inc is a 2025 Favorite because it is a gold discovery exploration junior which in 2025 is finally in a position to test a dual outcome target at its Philadelphia project in southwestern Arizona. Since acquiring Philadelphia in late 2019 the junior has been drilling off the high grade Philadelphia vein covered by the unpatented claims. This story which looked like trying to find deeper high grade vein material left behind by the old-timers lacked scale until 2022 when the junior observed decent grade disseminated gold mineralization in the hanging wall of the vein. This became the Red Hill hypothesis which speculates that the untested rhyolite flow dome of this low sulphidation epithermal system. The Red Hill target has a footprint capable of hosting a 2-5 million ounce open-pittable gold deposit at the grade observed in the hanging, in addition to the 500,000+ ounce high grade underground mineable potential of the vein itself. However, Red Hill is to the east of the Philadelphia vein and sits on BLM land. The permitting process took almost two years, resulting in approval for 2 drill pads in June 2024. While no permits were required to drill from the patented claims, the eastward dip of the Philadelphia vein limited how deep Arizona Gold could chase the vein. The two drill pads were chosen to fan holes that can chase the high grade vein down dip and test the bulk tonnage Red Hill hypothesis in the hanging wall. The triple curse that hangs over Canadian resource juniors is that permitting, funding and seasonal cycles are not synchronized.
Arizona Gold's plan to start drilling in July 2024 was stymied by extremely hot weather in southern Arizona during which it would be difficult to keep drilling crew safe from heat exhaustion. Drilling did not start until October and two rigs have drilled 6 holes. These holes have intersected the vein where expected and when the assays arrive in January we will probably see decent high grade values. But what everybody is holding their breath about is confirmation that the Red Hill hypothesis is correct. Thick low grade intervals of 1-2 g/t gold in the hanging wall will be what sends the stock soaring, not the short high grade intervals. But even if all we get is vein mineralization, there is an exit strategy now in the wings. The nearby Moss Mine of bankrupt Elevation Gold Mining Corp was just acquired by producer Mako Mining Corp which will need a high grade ore feed to make the mine profitable. There does, however, remain bluesky in the eastern part of the Philadelphia project where Aster data indicates a much bigger alteration anomaly than the Red Hill target. Arizona Gold has confirmed this Philadelphia East target by securing higher resolution Aster data. The footprint of the Aster anomaly has a scale comparable to that of AngloGold's Silicon-Merlin deposit in southwestern Nevada where 13 million open pittable ounces have been outlined. Once Arizona Gold has ground truthed the targets it will have to apply to the BLM for drill permit to test Philadelphia East.
Arizona Gold & Silver Inc as a gold exploration discovery play
