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Arizona Silver Exploration ( (TSE:AZS) ) has shared an update.
Arizona Gold & Silver reported strong assay results from core hole PC25-158 at its Philadelphia project in Arizona, intersecting 60.37 metres grading 4.36 g/t gold and 6.38 g/t silver, including a high-grade interval of 4.33 metres at 19.37 g/t gold and 19.36 g/t silver. The hole extends the Perry discovery’s high-grade mineralized corridor 110 metres north of a previous intercept and 60 metres beyond another thick stockwork zone, with geological indicators suggesting the drilling is now only at the top of a potentially more productive boiling and feeder zone. Management highlighted that grades appear to be increasing toward the ongoing step-out hole PC25-159, which is targeting the Perry zone a further 60 metres to the north, while the company’s strong financial position, supported by in-the-money warrants and options, underpins continued drilling to test the multi-kilometre Arabian Fault structure for additional mineralization along strike and at depth.
The most recent analyst rating on (TSE:AZS) stock is a Hold with a C$0.94 price target. To see the full list of analyst forecasts on Arizona Silver Exploration stock, see the TSE:AZS Stock Forecast page.
Spark’s Take on TSE:AZS Stock
According to Spark, TipRanks’ AI Analyst, TSE:AZS is a Neutral.
Overall score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow implying continued funding needs), partially offset by a low-debt balance sheet and improved equity base. Technically, the trend is strong with price above major moving averages, but extremely overbought momentum indicators increase near-term pullback risk. Valuation is constrained by negative earnings and no stated dividend yield.
To see Spark’s full report on TSE:AZS stock, click here.
More about Arizona Silver Exploration
Arizona Gold & Silver Inc. is a mineral exploration company focused on advancing its Philadelphia gold-silver project in Arizona. The company targets high-grade precious metal systems along structures such as the Arabian Fault, aiming to delineate potentially large-scale, low-sulfide gold-silver resources within its wholly controlled property package.
Average Trading Volume: 115,090
Technical Sentiment Signal: Buy
Current Market Cap: C$123.3M
See more insights into AZS stock on TipRanks’ Stock Analysis page.