Arizona Gold & Silver Inc. · TSXV:AZS
Arizona Gold & Silver — Investor Presentation (September 2024)
32 slides from Arizona Gold & Silver's investor presentation, September 2024
Slide 1: Arizona Gold & Silver Inc.
Arizona Gold & Silver Inc. TSX.V: AZS OTCQB: AZASF September 2024 Exploring For Multi-Million Ounce Deposits in Arizona and Nevada 1
Slide 2: Project Locations
Project Locations “Elephant Country” Flagship Property Silver+Gold 2
Slide 3: Philadelphia Property Highlights
Philadelphia Property Highlights • Strike length of system at least 3 kms: 1.5 kms drilled to date • Gold related to regional scale Arabian Fault and adjacent flow dome • 100% controlled, historic high-grade producer • AZS drilling has intersected high grade veins and thick stockwork gold in 111 hol
Slide 4: Philadelphia Property History
Philadelphia Property History • Originally discovered in 1890s • Mined through early 1930s • ~40,000 ounces of gold from ~80,000 tons • Cut-off grade was $8.00/ton (0.4 opt Au) • Ore trucked to Katherine Mill (about 8 miles away) • State Highway came through in 1934 and condemned further mining • Li
Slide 5: Oatman Gold Mining District + 2 Million Ounces of Gold Mined
Oatman Gold Mining District + 2 Million Ounces of Gold Mined Philadelphia Property Moss Mine (operating open pit) o • 32.5Million tons at 0.013 opt gold (Total resources) Gold Road Mine (C&M) • 1.5 Million tons at 0.342 opt gold o • 517,522 ounces - historic • 0.978 Million tons at 0.22 opt gold • (
Slide 6: Philadelphia Targets for Drilling
Philadelphia Targets for Drilling 1. High Grade Vein System 2. Bulk Tonnage Stockwork Zone 3. Undrilled Southern Extension to Vein System 4. Large alteration system on east end never tested 6
Slide 7: Philadelphia Project Gold Intercepts in Potential Resource Areas
PHILADELPHIA PROJECT GOLD INTERCEPTS IN North Vein Drilling POTENTIAL RESOURCE AREAS AND Old Mine Workings INTERVENING DRILL TARGETS Resaca Silver Zone Barren hole Gold intercept Meridian Gold Drilling 1980s Rising Fawn Gap (initial 11 holes in 2023-2024) “Shark Fin” (outcrop of vein breccia) North
Slide 8: Drill Section Rising Fawn Shallow Open Pit Setting With Low Strip Ratio
Drill Section Rising Fawn Shallow Open Pit Setting 48.8 meters 1.68 gpt Au With Low Strip Ratio 10.95 gpt Ag and Down-Dip Potential Metallic screen High Grade Veins in Both 72.5 gpt Au Footwall and Hangingwall of Quartz Stockwork Zone Three holes just completed down-dip Average 47.8 meters at 0.61 g
Slide 9: Newly Uncovered Drifts on Rising Fawn Claim
Newly Uncovered Drifts on Rising Fawn Claim North General Geology and Assays Fault w/ black calcite vein Current Entrance Silver gpt Gold gpt Silver gpt Gold gpt 65 degrees Black Calcite vein
Slide 10: North Perry Drill Hole Section
North Perry Drill Hole Seciton PC22-86 • High grade HW vein: 32.90 gpt gold, 97 gpt silver (0.98 m), within • High Grade Interval: 10.81 gpt gold, 41.41 gpt silver (4.39 m), within • Total Mineralized Zone: 1.31 gpt gold, 7.29 gpt silver (50.0m) PC22-87 • High Grade HW Vein: 16.25 gpt gold, 66.6 gpt
Slide 11: Red Hills Drill Section
Red Hills Drill Section • High grade vein confirmed • Thick lower grade stockwork surrounding vein • 103.7 metres at 1.57 gpt Au, 7.6 gpt Ag • 115.85 metres at 1.34 gpt Au, 5.78 gpt Ag • Boiling zone inferred from vein textures beginning at 100 metres depth below surface • Zone appears to be thicken
Slide 12: Philadelphia Project CSAMT Resistivity Anomaly - February 2023
PHILADELPHIA PROJECT CSAMT RESISITIVITY ANOMALY - FEBRUARY 2023 BOILING ZONE BENEATH RHYOLITE FLOW DOME Close-up next slide Ygr 12
Slide 13: BLM Pad #1 Section: CSAMT Anomaly Projected
BLM#1 16 o BLM Pad #1 Section 315o Azimuth CSAMT Anomaly Projected Proposed first fence of holes (4) Total 3400 feet @$150/ft all-in = US$500,000 program Ave. 3 holes Anticipated thickness 74.3m @ 1.44 gpt Au 418 feet (127.5 meters) -90o 700 ft. Anticipated grade 1.0-1.5 gpt Au Second fence of holes
Slide 14: Bulk Tonnage Target Along Arabian Fault Size and Potential
PHILADELPHIA PROJECT BULK TONNAGE TARGET ALONG ARABIAN FAULT SIZE AND POTENTIAL BULK TONNAGE TARGET SIZE • +1000 METERS LONG • 400-500 METERS WIDE • 40-80 METERS THICK • 2.5 TF • +40 MM-100 MM TONNES • TARGET GRADE 1.5 GPT AU, 7 GPT AG • TARGET GOLD CONTENT • +2-5 MM OZ AU, 7-15 MM OZ AG 14
Slide 15: Model for Philadelphia System: Silicon Deposit Nevada
Model for Philadelphia System: Silicon Deposit Nevada +4 Million Ounces of Gold Size of section drilled To date at Philadelphia Needs a lot of deep drilling
Slide 16: Greater Philadelphia Project Area USGS ASTER Hyperspectral Data
GREATER PHILADELPHIA PROJECT AREA USGS ASTER HYPERSPECTRAL DATA REFLECTS EXPLORATION POTENTIAL Large Areas of Alteration Need Exploration Current Drilling 16
Slide 17: Merlin Deposit and Philadelphia East ASTER Data
Merlin Deposit and Philadelphia East ASTER Data Silicon Deposit Merlin Deposit 4 MM oz. Au 9 MM oz. Au No Gold anomaly At surface Philadelphia ASTER Anomalies comparable in size to +13 million ounces gold at Silicon/Merlin 17
Slide 18: Exploration Program for East Philadelphia
Exploration Program for East Philadelphia • 2021:Drilling on patented claims detected +100 meters at 1.25- 1.5 gpt Au on edge of Red Hills • 2022: Plan of Operations and Environmental Assessment submitted to BLM to drill 40 holes from 2 pads • 2023: single CSAMT line over Red Hills detected resistiv
Slide 19: Share Structure and Distribution
Share Structure and Distribution Arizona Gold & Silver Inc. TSX.V: AZS OTCQB: AZASF Shares Issued & Outstanding 92,612,382 Warrants Outstanding: 28,659,143 Options Outstanding: 7,600,000 Fully Diluted: 128,871,525 (as of October 11, 2024) 19
Slide 20: Management and Directors
Management and Directors Technical and Financial Experience Jim Engdahl – Chair of the Board and Director CEO and Director of MAS Gold Corp. and currently Chairman of the Board of Aurex Energy Corp. and a Director and Chair of Audit Committee of Hanstone Gold. Former Vice President of Barclays Bank
Slide 21: Advisors to the CEO
Advisors to the CEO Capital Markets and Technical Experience Yale Simpson Mr. Simpson has more than 30 years’ experience as a senior geologist, exploration manager and CEO of companies with projects internationally. Former companies include Pennzoil Company, Chevron Exploration, Australmin Holdings,
Slide 22: Appendices: Details of Epithermal Gold Deposits in the Oatman District
APPENDICES Details of Epithermal Gold Deposits In the Oatman District 22 Visible Gold (VG) in Panned Drill Cuttings from Philadelphia Project
Slide 23: LS Epithermal Deposits - A Detailed Overview for Reference
LS Epithermal Deposits —A Detailed Overview for Reference ! —_ oo + HS
Slide 24: Importance of the Boiling Zone in the Oatman District Mines
Importance of the Boiling Zone in the Oatman District Mines “The upper section of the vein assayed less than 1 gpt over narrow widths. The boiling zone was discovered at a depth of approx. 65 metres with grades +1 oz/ton and width to 10 metres.” 24
Slide 25: Vein and Bulk Target Locations
Vein and Bulk Target Locations Original Claim outline (expanded December 2021) Gold-silver vein in outcrop (red) Patented claims Bulk tonnage target in altered flow dome rhyolite Untested veins at surface Productive boiling zone at depth Land position expanded in 2022 1 kilometer 25
Slide 26: Terracore Hyperspectral Imaging Core Hole PC22-88
TERRACORE HYPERSPECTRAL IMAGING CORE HOLE PC22-88 Montmorillonite + FeOx Cap to Gold-Silver Zone Mineral Species +50% montmorillonite Tv Min +/-150oC Top of Boiling +50% smectite Tr2 Tr2bx Ygr 26
Slide 27: Perry Vein Examples of Drill Core Hole PC22-86
PHILADELPHIA PROJECT PERRY VEIN EXAMPLES OF DRILL CORE HOLE PC22-86 YELLOW QUARTZ PARTIALLY REPLACING BLADED CACLITE VG 27
Slide 28: High Grade Vein Target Size and Potential
PHILADELPHIA PROJECT HIGH GRADE VEIN TARGET SIZE AND POTENTIAL HIGH GRADE VEIN TARGET SIZE • +1000 METERS LONG • 400-500 METERS WIDE • 3 METERS THICK • 2.5 TF • +3 MM- 4 MM TONNES • TARGET GRADE 9 GPT AU, 40 GPT AG • TARGET GOLD CONTENT • ~1 MM OZ AU, 5 MM OZ AG 28
Slide 29: Southern Extension of Vein System: Upside
Southern Extension of Vein System: UPSIDE Claim boundary Calcite-quartz veins in outcrop above boiling zone with 1500 metres strike length untested by drilling Vein in outcrop 29
Slide 30: Bulk Tonnage Conceptual Model Boiling Zone Beneath Rhyolite Flow Dome
PHILADELPHIA PROJECT BULK TONNAGE CONCEPTUAL MODEL BOILING ZONE BENEATH RHYOLITE FLOW DOME Argillic Alteration from USGS ASTER Survey BLM drill holes permitted Bulk Tonnage Model o Boiling Zone Beneath Rhyolite Flow Dome o Future BLM holes Jan 2022 30
Slide 31: Vein and Bulk Target Locations
Vein and Bulk Target Locations Claim outline (expanded in December-2021) Gold-silver vein in outcrop (red) Patented claims Fluid Flow Direction o Heart of System Bulk tonnage target beneath Source of Au-Ag altered flow dome rhyolite Untested veins at surface Productive boiling zone at depth 1 kilome
Slide 32: Philadelphia Project Proposed 2024-2025 Core Drilling Program
PHILADELPHIA PROJECT PROPOSED 2024-2025 CORE DRILLING PROGRAM DRILLING TESTS BOTH HIGH GRADE VEIN AND BULK TONNAGE TARGETS 4,000 METERS CORE DRILLING ON RISING FAWN VEIN SYSTEM (25% completed to date) BLM Pad#2 3,000 METERS CORE DRILLING IN GAP BETWEEN PREVIOUS DRILL SECTIONS (20% completed to date)
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