- Arizona Metals owns two highly compelling properties in Arizona, the Kay Mine Project and Sugarloaf Peak
- The company had $58 million in cash at the end of Q3, enough to complete its ongoing Phase 2 drilling program, as well as a large Phase 3 program to continue building the resource at the Kay Mine Deposit, and explore around it for additional deposits
- The latest drill results provided more compelling data, including discovery of a new gold/copper zone and extension of known mineralization
The U.S. mining industry produced $90.4 billion in non-fuel metals in 2021, with Arizona being the single-largest producer on a percentage bases, outshining neighbor Nevada as the only two states to command double-digit share at 11.0% and 10.3%, respectively. Arizona is widely known for its copper and gold prowess, contributing a whopping 71% of the nation’s copper production in 2021. If Arizona Metals (TSX: AMC) (OTCQX: AZMCF) has anything to say about it, the state will continue its dominance for decades to come as it unearths a world-class gold/copper/zinc VMS (volcanogenic massive sulfide) deposit.
The Toronto-based company owns 100% of the Kay Mine Project in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. The deposit is known to be a steeply dipping VMS deposit defined from a depth of 60 meters to at least…
NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://ibn.fm/AZMCF
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.miningnewswire.com
Los Angeles, California
MiningNewsWire is part of the InvestorBrandNetwork.