Dear Valued Shareholders,
As we approach the close of another year, I find myself reflecting on our journey and the significant milestones we’ve achieved together. In the face of challenging market conditions, we’ve made remarkable progress in various aspects of our business, demonstrating our commitment to advancing the Philadelphia discovery and enhancing shareholder value.Let’s delve into some of our key accomplishments this year:
- Exploration Advancements: We’ve continued our relentless exploration efforts, making strides in drilling and conducting vital metallic screen testing. These initiatives have paved the way for a clearer understanding of our resource potential.
- 43-101 Report: We’re proud to announce the completion of our 43-101 technical report, a critical step in formalizing our project’s value and prospects. This comprehensive document will serve as a valuable asset for both our company and our investors.
- High-Grade Vein Discovery: One of the standout achievements of the year has been the discovery of a new high-grade vein, demonstrating the richness of our property position. This exciting find has injected renewed enthusiasm into our team.
- 3-D Modeling: Our commitment to cutting-edge technology has led to the commencement of a 3-D model, providing us with a powerful tool to visualize and optimize our exploration going forward.
In a market environment that has presented its fair share of challenges, I want to extend my heartfelt gratitude to you, our shareholders. Your unwavering support, patience, and dedication have been instrumental in our journey. It has been a privilege to engage with many of you through calls and correspondence, and your insights and relationships are truly valued.Our path to advancing the Philadelphia project to create further value has never been more clear. The jurisdiction is ideal, and the demand for another mine is evident, especially with neighboring operations facing depletion in their feed.I’d like to take a moment to highlight the commitment of your management team. We exercised 1.3 million options this year without selling a single share. This strategic move made extending our drill program possible, resulting in significant discoveries, including a third high-grade vein and our best high-grade intercept to date.Furthermore, we’ve been fortunate to have the support of private placement shareholders who have exercised their warrants, reinforcing their confidence in our mission.As we look ahead to 2024, there’s much more in store:
- Drilling Initiatives: We’re gearing up for more drilling, with plans to infill gaps on the Resaca and Perry claims and embark on a deep drilling program of 40 holes on BLM property, permits for which are expected anytime now.
- Metallurgical Testing: Results from our ongoing metallurgical testing are anticipated in early April 2024, providing valuable quantification of our deposit’s heap leaching potential.
- Investor Engagement: We remain dedicated to enhancing awareness and communication with investors and potential strategic partners who have entered into confidentiality agreements with us.
I want to personally express my heartfelt thanks for the kind emails and calls we’ve received throughout the year. Your encouragement continues to inspire the entire management team. We believe the Philadelphia project is something truly special, and we’re eagerly looking forward to building towards a significant resource in the year ahead.As we embrace the holiday season, I hope each one of you enjoys a safe and peaceful New Year with your cherished family and loved ones.With sincere appreciation,Regards,Mike Stark, CEO, PresidentArizona Gold & Silver Inc. +1 (604) 833-4278Suite 900 – 777 Hornby St, Vancouver, BCCanada, V6Z-1S4