Arizona Metals (TSX: AMC) (OTCQX: AZMCF)is a mineral exploration company that advances precious and base metal deposits in Arizona. The company “started 2023 on a positive trajectory with plans to begin exploration outside of its flagship copper, gold, zinc and silver Kay Mine in Yavapai County, Arizona. No. In 2022, AZMCF has obtained drilling permits for both the central and western targets, has completed approximately 33,000 meters of core drilling, and has begun drilling targets outside the deposit. As of this date, funding has been raised to complete the remaining 8,600 meters of the Phase 2 program, with a further 76,000 meters planned for Phase 3. Both phases will be completed with plans to test additional targets, as well as It is intended to test a number of parallel targets to the west of its northern and southern extensions,” reads a recent article. “The company is leveraging decades of industry experience to develop world-class exploration projects amid projected price increases and supply shortages.”
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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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