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Arizona Gold & Silver Stakes 300 Acres of Land Forpossible Leach Pad on the Philadelphia Project - Exercise of Warrants & Options Brings Treasury to $3.24 Million
(TheNewswire) Vancouver, British Columbia – TheNewswire - ...
About this update from Arizona Gold & Silver Inc.
[{"type":"text","content":"Arizona Gold & Silver Stakes 300 Acres of Land Forpossible Leach Pad on the Philadelphia Project - Exercise of Warrants & Options Brings Treasury to $3.24 Million\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n April 28, 2025 – Arizona Gold &\nSilver Inc. (TSXV: AZS) (OTCQB: AZASF)\n \n is pleased to report\nthat it has acquired approximately 300 acres of possible leach pad or\ntailings disposal area for future development of the Philadelphia\nProject in northwestern Arizona. The acreage was acquired by claim\nstaking and has no underlying obligations other than payment of the\nannual claim maintenance fees to the US government.\n \n\n\n\n PAD Claim\nCharacteristics\n \n\n\n\n\n\n The PAD claims are located less that 1.5 kilometers to the southwest\nof the Philadelphia mineralized area, accessed by several existing\ngravel roads from both Arizona Highway 68 and the Philadelphia\nproject.  The area is underlain by gently dipping and rolling hills\ncharacterized by mostly unconsolidated alluvial gravels. These gravels\nwill be easy to contour and shape to accommodate any leach pad or\ntailings impoundment design and configuration for any possible future\ndevelopment of the Philadelphia project.  There is sufficient room\nfor the accommodation of tens of millions of tonnes of processed\nmaterial and a plant site.\n \n\n\n\n\n\n Mr. Mike Stark CEO, comments;\n \n\n\n\n “In my view we must look ahead to the\npotential production requirements of the Philadelphia project. This\nland acquisition fits in extremely well as it is nearby and was\nacquired at negligible cost.  In the meantime, our drilling program\nis progressing well with results showing a high success rate. We are\nlooking forward to announcing further results as they come\navailable.”\n \n\n\n\n\n Corporate Update\n \n\n\n\n We are also pleased to share that recent exercises of\nwarrants and options by warrant holders and insiders have strengthened\nour treasury to over\n \n\n $3.24\nmillion as of April 18, 2025\n \n\n , resulting in the\nCompany being fully funded for the current drilling program and beyond\nyear-end.\n \n\n\n\n We would like to extend our sincere thanks to our\nshareholders for their continued support. W...