Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company engaged in advancing precious and base metal deposits, chose potential historical high-grade copper deposits in Arizona, a stable jurisdiction with a long history of mining copper. “In the Fraser Institute’s annual survey, Arizona and Nevada persistently score among the world’s most attractive mining jurisdictions due to the efficient permitting process and the faster timeline for drilling and development, which help decrease the projects’ risks and reduce exploration costs. Marc Pais, the president and CEO of Arizona Metals Corp., claims that the rapid deployment of drills is another feature of the project’s land ownership advantages, revealing that the company has averaged three months turnaround for drilling permits. For comparison, other junior mining competitors often wait much longer, sometimes even years. The project is said to have already been attracting significant market attention. Still, the experienced management team expects to catch the eye of the mid-tier base and precious metal producers as the drill results are revealed during the exploration program,” a recent article reads. “We’re not mine builders, but we know what the gold and copper companies are looking for,” Paul Reid, the company’s executive chairman, is quoted as saying. “We’re in a jurisdiction they like, but we need to build a production profile that moves the needle for producers looking for additional copper and gold production. We just need to keep showing how big the Kay Mine Project can be while we continue to de-risk it.”
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About Arizona Metals Corp.
Arizona Metals Corp owns 100% of the Kay Mine Property 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. An historic estimate by Exxon Minerals in 1982 reported a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.” The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth. The company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of “100 million tons containing 1.5 million ounces gold” at a grade of 0.5 g/t (Dausinger, 1983, Westworld Resources).The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimates for the Kay Mine and Sugarloaf Peak properties have not been verified as current mineral resources. None of the key assumptions, parameters and methods used to prepare the historic estimates were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a “qualified person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) before the historic estimates can be verified and upgraded to current mineral resources. A qualified person has not done sufficient work to classify these as current mineral resources, and Arizona Metals is not treating the historic estimates as current mineral resources.
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NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://ibn.fm/AZMCF
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