Arizona Metals (TSX: AMC) (OTCQX: AZMCF)is a Toronto, Canada-based mineral exploration company that owns 100% of the Cay Mine in Yavapai County and 100% of the assets of Sugar Loaf Peak in La Paz County. Both projects have excellent infrastructure such as roads, water access and power. “For more than 200 years, mineral-rich Arizona has been a driving force for settlement and economic expansion…Arizona is home to 992 active mineral species, with many more expected to be discovered in the future. Notable historic mines include the Christmas Mine, which yields over 80 minerals, the Baghdad Mine, which produces copper, and the Iron Cap Mine, which produced silver, lead and zinc until 1949,” a recent article said. I’m explaining. “Arizona Metals seeks to leverage the state’s rich mining history with its Kay Mine and Sugarloaf Peak projects. Historical estimates by Exxon Minerals in 1982 indicated that the project would require 6.4 million short tons of copper graded at 2.2% copper, 2.8 grams per tonne of gold, 3.03% zinc and 55 grams per tonne of silver. There are proven and probable reserves: “…the company’s Sugarloaf Peak property in La Paz county holds, as reported by Westworld Resources in 1983, “1.5 million ounces of gold in a grade of 0.5 grams per tonne.” It has a historical estimate of 100 million tonnes.
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About Arizona Metals Corporation
Arizona Metals Corp owns 100% of the Kay Mine property in Yavapai County. The property is located on a combination of patents and his BLM claims totaling 1,300 acres that are not subject to royalty. A historic estimate by Exxon Minerals in 1982 put “a proven estimate of 6.4 million short tons with grades of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.” reserves” have been reported. A historic estimate of the Cay mine was reported in 1982 by Exxon Minerals. Supports expansion on strike and at depth. The company also owns 100% of the Sugar Loaf Peak property in La Paz County on his BLM claim of 4,400 acres. Sugarloaf is a heap-reach open pit target, with historical estimates of “100 million tons containing 1.5 million ounces of gold” at a grade of 0.5 g/t (Dausinger, 1983, Westworld Resources). The historic Estimated Peak property at Sugarloaf was reported by Westworld Resources in 1983. Historical estimates of Cay Mine and Sugar Loaf Peak properties have not been validated as current mineral resources. The key assumptions, parameters, and methods used to develop the historical estimates were not reported, nor were the categories of resources used. Compilation, re-drilling, and re-drilling of critical data by a “Qualified Person” (as defined in National Instrument 43-101 – Mineral Project Disclosure Standard) before historical estimates are verified and upgraded to the current Mineral Resource. Data validation may be required. Qualified personnel have not done sufficient work to classify these as Current Mineral Resources, and Arizona Metals has not treated historical estimates as Current Mineral Resources.
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Note to investors: The latest news and updates about AZMCF are available in the company’s newsroom at: https://ibn.fm/AZMCF
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