Analysts Excited by Silver Company

Arizona Silver Exploration Inc. (AZS:TSX; AZASF:OTC) has received positive reviews from analysts. The company has released exciting drill results, and had distinguished itself from its peers in the junior exploration space.

Analysis

"It owes to AZS shares being in some stronger-than-average hands: people who see progress being made toward a possibly BIG breakout story and don't want to leave."

In June, Arizona Silver Exploration Inc. released drill results that, according to analyst Chris Temple with the National Investor, are noteworthy. Arizona Silver concluded the drilling on its Philadelphia epithermal gold and silver project in Mohave County, Arizona. This drilling produced core for testing, which yielded visible gold.

Another aspect of the company that Temple found favorable was that the mineralized area on the project continues to expand by significant portions. The company believes that current data on the project may point to the existence of a large gold and silver resource under the project's rhyolite dome.

Temple also favors Arizona Silver because it has put itself ahead of its peers in the junior exploration space, which he attributes to strong leadership: "it owes to AZS shares being in some stronger-than-average hands: people who see progress being made toward a possibly BIG breakout story and don't want to leave."

A report by SADIF noted that the company's business outlook is positive, and the company is likely to get even better.

Clive Maund, another analyst, has rated the company as an "immediate strong speculative buy here for all timeframes," on account of the company's low buy in price at the moment, along with the likelihood that it could "zigzag around in this area for a little while before gaining upside traction." Maund believes that the winners in this situation will be the investors who had the patience to wait for others to dump their stocks before any potential upside.

Precious Metals Rally Ahead

Gold 50, another gold company in Arizona, has had encouraging assay results. According to Stockhead, the company had " some impressive silver hits, too, showing 11m @ 1.2g/t gold, 399g/t silver, 0.31% copper and 0.55% zinc from 61.0m and immediately below historic underground workings at hole GRC03."

Gold has been very successful as uncertain economic conditions have persisted. There are a number of factors driving the value of gold upwards, including central bank purchases, a weakening dollar, and recession anxiety. These factors are expected to continue, especially since some of these conditions have been caused by the war in Ukraine, which is expected to continue for some time.

Richard Mills, with Ahead of the Herd, expects that precious metals will see another rally, and could climb towards US$12,000 to US$15,000 per ounce. This new bull market began in the third and fourth quarters of 2022 and is expected to continue as central banks keep up gold-buying trends.

Catalysts

Arizona Silver is expecting pending drill results to be released at any time, and has 100% drill hole hits on all patented ground drilling since 2021 and minable grades.

Arizona's Philadelphia project is a noteworthy part of the company's portfolio. According to Greg Hahn, the Vice President of Exploration, ""the Philadelphia Property is one of the few gold systems remaining in the Western USA that has never been evaluated using modern exploration concepts. Our recent discoveries using the model of “Boiling Zones” resulted in an immediate discovery. Discovering the bulk tonnage target answered my question as to why we see such a remarkable alteration feature at surface. All this project needs is drilling to demonstrate its real potential.”

Ownership and Share Structure

Brady Stiles owns 14.89% of the company with 10.62 million shares, Gregory A. Hahn owns 5.31% with 3.79 million shares, Mike Stark owns 3.71% with 2.64 million shares, David John Vincent owns 1.75% with 1.25 million shares, Dong Hyun Shim owns 1.27% with 0.90 million shares, Eugene Spiering owns 0.09% with 0.06 million shares, and James B Engdahl owns 0.07% with 0.05 million shares.

SSI Wealth Management AG owns 7.87% with 5.62 million shares, and Moloney Securities Asset Management owns 0.01% with 0.01 million shares.

The company reports no strategic investors.

Arizona Silver has a burn rate of CA$24,000, and a monthly drilling cost of CA$50 per foot in core and CA$35 per foot in RC in all costs.

There are no potential sellers or warrants overhang.

The company does not work with any IR firms or influencers.

There are 71.35 million shares outstanding, and 52.02 million free float traded shares. The company has a market cap of CA$16.73 million, and trades in the 52 week period between 0.17 and 0.59.

Important Disclosures:

1. Arizona Silver Exploration Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Arizona Silver Exploration Inc. has a consulting relationship with Street Smart, in affiliation with Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000. 
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Arizona Silver Exploration Inc.
3. Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

For additional disclosures, please click here.