Arizona Eagle Mining Expands Eagle Silver Project with Acquisition of Past-Producing High-Grade Mines

Company consolidates three historic silver mines near its flagship McCabe gold-silver deposit in Arizona

Apr. 20, 2026 at 8:57am

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A miniature, stylized 3D digital illustration depicting three historic silver mine shafts and headframes, representing the consolidation of Arizona Eagle Mining's Eagle Silver Project through recent acquisitions.Arizona Eagle Mining's strategic acquisition of three past-producing high-grade silver mines consolidates its Eagle Silver Project, unlocking the potential for new discoveries in a historic Arizona mining district.Prescott Valley Today

Arizona Eagle Mining Corp. has entered into agreements to acquire 62 acres of patented land that host three past-producing high-grade silver mines: the Arizona National Mine, the Lookout Mine, and the Silver Belt Mine. These acquisitions extend the structural corridor of mineralization northeast of the company's flagship McCabe gold-silver deposit by 50%, from 3km to 4.5km, and will increase its patented land ownership by 18%, from 348 to 410 acres.

Why it matters

The acquisition of these historic silver mines consolidates Arizona Eagle's Eagle Silver Project, located in one of Arizona's most prolific gold-silver districts. The company sees the opportunity to revive these mines through the application of modern exploration methods and systematic drilling, building on the success of its ongoing Phase 1 drill program at the McCabe deposit.

The details

The Silver Parcels cover a mineralized structure striking approximately 1.5 kilometres. Recent surface sampling by Arizona Eagle has returned silver grades up to 344 g/t, as well as 2.4 g/t gold. Testing of the Arizona National Mine waste pile has yielded samples with up to 861 g/t silver, 15.6 g/t gold, and significant zinc and lead. The Arizona National Mine was mined intermittently between 1915 and 1931, while the Lookout Mine was last in operation from 1948-1949, and the Silver Belt Mine was mined until the 1930s.

  • Arizona Eagle has entered into agreements with the owners of the Silver Parcels to acquire five parcels totaling 62 acres of patented land.
  • Closing of the acquisitions is expected between June 19 and June 30, 2026, subject to completion of due diligence by the Company.

The players

Arizona Eagle Mining Corp.

A mineral exploration company focused on the acquisition, exploration, and development of mineral properties, with the Eagle Project as its principal asset.

Kevin Reid

Chief Executive Officer and Director of Arizona Eagle Mining Corp.

Arizona National Mine

A past-producing high-grade silver mine comprised of three shafts and seven levels to a depth of 500 feet (150 metres), mined intermittently between 1915 and 1931.

Lookout Mine

A past-producing high-grade silver mine located on the Silver Belt vein, about 1,000 feet southwest of the Arizona National Mine, last in operation from 1948-1949.

Silver Belt Mine

A past-producing high-grade silver mine discovered in the 1880s and mined until the 1930s, with grades reported up to 20 ounces per ton silver (600g/t), 3% lead, 4% zinc, and minor gold.

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What they’re saying

“We are pleased to announce the strategic acquisition of three past-producing high-grade silver mines, consolidating the Eagle Silver Project, which is located only one kilometre northeast of the gold and silver McCabe Mine. These high-grade silver mines served as major sources of silver production in Arizona until the 1930s.”

— Kevin Reid, Chief Executive Officer

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This acquisition strengthens Arizona Eagle's position in one of Arizona's most prolific historic gold-silver districts, providing the company with the opportunity to revive these long-dormant high-grade silver mines through the application of modern exploration methods and systematic drilling, complementing its ongoing work at the flagship McCabe gold-silver deposit.