Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company focused on advancing precious and base metal deposits at its wholly owned Cay Mine Volcanic Massive Sulfide (“VMS”) and Sugarloaf Peak Gold projects in Arizona. “The VMS deposits are an important global source of copper, zinc, lead, gold and silver ores. The project aims to tap into the potential of Yavapai County, Arizona.Royalties.A 1982 historic estimate by Exxon Minerals states that “2.2% copper, 2.8 grams per tonne of gold and 3.03% zinc. , with a grade of 55 grams per tonne of silver, a proven probable reserve of 6.4 million short tons” was revealed. “As 2023 begins, I would like to take a moment to reflect on the past year and share some of our achievements,” said Marc Pais, CEO of Arizona Metals. “First, I would like to thank our shareholders for their continued support and trust in Arizona Metals. creating and driving what we believe to be one of the world’s leading VMS exploration projects.”
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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 Persons 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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