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Might 19, 2021 • 7 minutes in the past • 17 minute learn • Join the conversation
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Gap 24 intersects 91 m of 4.7 g/t AuEq (incl. 20 m of 9.2 g/t AuEq and 16 m of 6.8 g/t AuEq)
TORONTO — Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the “Firm” or “Arizona Metals”) is happy to announce the invention of a brand new gold-rich zone of open-ended mineralization on the Kay Mine, in an space beforehand untested by historic drilling or exploration. As well as, all seven lately accomplished holes on the Kay Mine undertaking in Yavapai County, Arizona, intersected huge sulphide mineralization.
Gap 25 intersected 79 m of seven.0 g/t AuEq, together with two separate higher-grade intervals of 9 m grading 18.1 g/t AuEq and 11 m grading 14.7 g/t AuEq, from a vertical depth of 638 m.
Gap 24 intersected 91 m of 4.7 g/t AuEq, together with two separate higher-grade intervals of 20 m grading 9.2 g/t AuEq and 16 m grading 6.8 g/t AuEq, from a vertical depth of 470 m. This gap additionally intersected a high-grade interval of 0.8 m grading 33.4 g/t AuEq (Determine 3).
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The majority of the mineralized intervals in holes 25 and 24 are situated between the North and South Zones (Determine 1), exterior of the world outlined within the historic estimate by Exxon. Historic information present little or no exploration on this space by Exxon, or different earlier operators. Gap 24 was drilled 104 m deeper than gap 21A which additionally intersected a broad zone of 65 metres of semi- to huge sulphides (assays pending), and gap 25 is 276 m deeper than 21A. These newly outlined, vast, high-grade intervals show the potential so as to add a big tonnage of gold-zinc mineralization exterior of the historic useful resource, which is predominantly copper-gold in composition.
Along with the brand new discovery of the gold-zinc zone in holes 24, 25 holes 17, 18, 18A, 21 and 23 returned vast intervals of copper and gold within the South Zone space, extending the plunge of the hinge zone outlined by Part 1 drilling. Some highlights embrace:
- Gap 18A, which intersected 32.5 m of three.5 g/t AuEq
- Gap 21, which intersected 42.8 m of three.2 g/t Au Eq, together with 4.8 m grading 6.7 g/t AuEq
- Gap KM-21-17, which intersected 20 m of three.0% CuEq (incl. 4.6 m of 6.4% CuEq). This gap is situated 41 m above gap KM-20-13 drilled in 2020, which intersected 43 m grading 3.9% CuEq, together with 15 m at a grade of 6.7% CuEq.
Marc Pais, CEO, commented “It is vitally widespread in VMS districts for deposits to indicate distinct zonation of copper-rich mineralization, alternating with gold-zinc mineralization. The historic document of the Kay Mine reveals an virtually unique focus by earlier operators on the copper-rich mineralization, with exploration targeted on depths above 450 m.
The brand new broad intervals of high-grade gold-zinc mineralization reported at this time, of 79 m in gap 25 and 91 m in gap 24, outline 276 m of vertical plunge under gap 21A (for which assays are pending), in an space between the North and South Zones that make up the historic useful resource. This space was not traditionally explored and is open for enlargement at depths under 450 m.
These discovery holes show the potential to outline a big tonnage of gold-rich zinc VMS mineralization, exterior of the historic useful resource outlined by Exxon in 1982. Drilling at Kay continues to verify that the deposit was traditionally underexplored, regardless of being a part of a wealthy mineralized system. Primarily based on copper costs of beneath US$1.00/lb through the Seventies and Nineteen Eighties, Exxon’s exploration work employed a cut-off grade of two.5% CuEq.
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We imagine that consequently, historic exploration neglected massive areas of mineralization within the rapid neighborhood of each the Kay historic estimate and environment. This can grow to be much more essential as we transfer the drills north and south on strike, to lately accomplished pads. On completion of the strike testing, the drills will transfer west to the Central and Western targets, to check for brand spanking new satellite tv for pc deposits in beforehand undrilled areas.”
Extra outcomes embrace gap KM-21-18, which intersected 25.5 m of two.7 g/t AuEq, from a depth of 255 m.
Within the North Zone, gap KM-21-19 intersected an interval of 0.5 m at a grade of 17 g/t AuEq, from a vertical depth of 337 m. Gap KM-21-20 intersected 0.9 m of seven.1 g/t AuEq and a pair of.1 m of three.1 g/t AuEq, from a vertical depth of 362 m. Drilling is at the moment underway to focus on an space laterally between holes 19 and 20, which the Firm believes has the potential to host a North Zone hinge, just like the thick hinge encountered in latest South Zone drilling.
Holes KM-21-21A, KM-21-25A, KM-21-25B, KM-21-26, and KM-21-27 have been accomplished and submitted to ALS Laboratories of Tucson, Arizona for assaying. These holes had been drilled to check for the down-plunge and lateral extensions of the broad intervals of gold-zinc mineralization encountered within the holes introduced at this time.
Kay Mine Allowing Replace and Addition of Third Drill Rig
Allowing and bonding for Kay Mine strike extension pads 4, 5, 6 had been accomplished in March 2021, and pad building was lately accomplished. Allowing for pad and street building to check the Central and Western Targets was topic to Covid-19 associated delays, however is now progressing nicely once more, with drilling anticipated at these targets later this 12 months. A 3rd drill rig is scheduled to reach at web site later this month, and can begin drilling at pad 4, situated 500m north of the Kay Mine.
Covid-19 Monitoring and Mitigation Procedures
The Firm’s drill contractor, Boart Longyear, has instituted Covid-19 monitoring procedures for all drill crew members, together with each day temperature and symptom checks. Arizona Metals Corp will probably be supplied with each day well being monitoring updates for the drill crews and has additionally instituted its personal social distancing insurance policies and supplied a steering handbook for workers at web site.
Webinar on Thursday, Might 27th, 2021 at 11am ET: Please be a part of Firm administration to debate at this time’s outcomes. Register right here:
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https://us02web.zoom.us/webinar/register/WN_2OnNWvi8Rjadug-QuHkV0Q
Desk 1. Outcomes of Part 2 Drill Program at Kay Mine, Yavapai County, Arizona
| Gap ID | From m | To m | Size m | Cu eq % | Au eq g/t | Zn eq% | Au g/t | Ag g/t | Cu % | Pb % | Zn % | Vertical Depth Under Floor m |
||||||||||||
| KM-21-17 |
429.5 |
449.9 |
20.4 |
2.99 |
5.27 |
10.34 |
1.10 |
21.2 |
1.81 |
0.17 |
1.20 |
300 |
||||||||||||
| together with |
429.5 |
434.0 |
4.6 |
6.44 |
11.34 |
22.26 |
1.73 |
29.1 |
4.61 |
0.24 |
1.91 |
|||||||||||||
| together with |
432.7 |
434.0 |
1.4 |
7.35 |
12.94 |
25.39 |
6.81 |
40.0 |
0.52 |
1.10 |
8.29 |
|||||||||||||
| KM-21-17 |
504.4 |
505.4 |
0.9 |
3.96 |
6.98 |
13.70 |
4.73 |
9.0 |
1.19 |
0.00 |
0.05 |
356 |
||||||||||||
| KM-21-18 |
404.3 |
429.8 |
25.5 |
1.51 |
2.66 |
5.23 |
0.86 |
15.8 |
0.35 |
0.23 |
1.71 |
255 |
||||||||||||
| together with |
408.6 |
410.6 |
2.0 |
4.57 |
8.05 |
15.80 |
2.22 |
64.4 |
0.50 |
0.82 |
7.25 |
|||||||||||||
| together with |
424.9 |
427.3 |
2.4 |
4.25 |
7.49 |
14.70 |
2.59 |
18.0 |
1.60 |
0.52 |
3.16 |
|||||||||||||
| KM-21-18A |
391.4 |
423.8 |
32.5 |
1.99 |
3.50 |
6.86 |
0.62 |
17.6 |
1.09 |
0.15 |
1.25 |
233 |
||||||||||||
| together with |
393.3 |
395.8 |
2.4 |
12.37 |
21.79 |
42.75 |
2.83 |
40.9 |
9.57 |
0.28 |
2.72 |
|||||||||||||
| KM-21-19 |
377.8 |
378.3 |
0.5 |
9.75 |
17.16 |
33.68 |
5.59 |
128.0 |
3.39 |
0.63 |
6.83 |
337 |
||||||||||||
| KM-21-20 |
442.7 |
443.6 |
0.9 |
4.05 |
7.14 |
14.01 |
0.52 |
18.5 |
2.56 |
0.14 |
3.52 |
362 |
||||||||||||
| KM-21-20 |
456.0 |
458.1 |
2.1 |
1.79 |
3.15 |
6.17 |
0.35 |
6.0 |
1.49 |
0.04 |
0.14 |
370 |
||||||||||||
| KM-21-21 |
452.6 |
495.5 |
42.8 |
1.84 |
3.23 |
6.35 |
0.78 |
15.1 |
0.80 |
0.15 |
1.52 |
362 |
||||||||||||
| together with |
488.7 |
493.5 |
4.8 |
3.80 |
6.69 |
13.13 |
2.50 |
27.6 |
0.26 |
0.54 |
6.13 |
|||||||||||||
| KM-21-21A |
422.0 |
431.4 |
9.4 |
2.29 |
4.04 |
7.92 |
0.57 |
8.6 |
1.17 |
0.36 |
2.25 |
362 |
||||||||||||
| KM-21-21A |
439.1 |
502.1 |
63.0 |
2.75 |
4.85 |
9.52 |
1.30 |
58.8 |
0.45 |
0.77 |
3.14 |
366 |
||||||||||||
| together with |
465.0 |
481.9 |
16.9 |
3.99 |
7.02 |
13.78 |
2.47 |
80.9 |
0.52 |
0.99 |
4.05 |
|||||||||||||
| KM-21-23 |
394.4 |
401.4 |
7.0 |
1.82 |
3.20 |
6.29 |
0.93 |
13.5 |
0.36 |
1.17 |
1.94 |
313 |
||||||||||||
| KM-21-23 |
438.6 |
459.2 |
20.6 |
1.73 |
3.04 |
5.96 |
1.20 |
27.8 |
0.17 |
0.37 |
1.93 |
336 |
||||||||||||
| KM-21-24 |
501.2 |
592.1 |
90.8 |
2.65 |
4.67 |
9.17 |
1.33 |
44.3 |
0.45 |
0.41 |
3.42 |
470 |
||||||||||||
| together with |
501.2 |
521.7 |
20.4 |
5.23 |
9.21 |
18.07 |
1.70 |
113.1 |
1.34 |
0.66 |
6.35 |
|||||||||||||
| together with |
520.9 |
521.7 |
0.8 |
18.95 |
33.37 |
65.47 |
16.50 |
574.0 |
1.75 |
1.22 |
9.55 |
|||||||||||||
| together with |
575.9 |
592.1 |
16.2 |
3.85 |
6.78 |
13.31 |
2.50 |
44.4 |
0.16 |
0.79 |
6.00 |
|||||||||||||
| together with |
588.7 |
590.4 |
1.7 |
13.17 |
23.20 |
45.52 |
9.98 |
18.2 |
0.47 |
0.13 |
23.70 |
|||||||||||||
| KM-21-25 |
662.6 |
741.3 |
78.6 |
3.98 |
7.01 |
13.76 |
2.33 |
43.4 |
1.41 |
0.35 |
2.79 |
638 |
||||||||||||
| together with |
663.2 |
672.7 |
9.4 |
10.29 |
18.12 |
35.55 |
1.84 |
92.3 |
8.06 |
0.15 |
1.31 |
|||||||||||||
| together with |
693.0 |
703.9 |
11.0 |
8.34 |
14.68 |
28.81 |
6.28 |
99.7 |
0.68 |
1.17 |
10.40 |
(1) True widths of the reported mineral intervals haven’t been decided; further drilling is required.
(2) Assumptions utilized in USD for the copper equal calculation had been metallic costs of $4.70/lb Copper, $1830/oz Gold, $27/oz Silver, $1.36/lb Zinc, $1.00/lb Pb and restoration is assumed to be 100% as no metallurgical check knowledge is on the market. The next equation was used to calculate copper equivalence: CuEq = Copper (%) + (Gold (g/t) x 0.57) + (Silver (g/t) x 0.0084) + (Zinc (%) x 0.2894) +(Lead (%) x 0.2128).
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Desk 2. Outcomes of Part 1 Drill Program at Kay Mine, Yavapai County, Arizona
| Gap ID | From m | To m | Size m | Cu eq % | Au eq g/t | Zn eq% | Au g/t | Ag g/t | Cu % | Pb % | Zn % | Vertical Depth Under Floor m |
||||||||||||
| KM-20-01 |
275.8 |
281.5 |
5.6 |
1.70 |
1.61 |
0.48 |
11.6 |
0.57 |
0.18 |
1.20 |
156 |
|||||||||||||
| together with |
275.8 |
276.5 |
0.6 |
4.23 |
4.01 |
1.22 |
32.0 |
0.50 |
0.73 |
5.04 |
||||||||||||||
| together with |
279.8 |
281.5 |
1.6 |
3.10 |
2.94 |
0.98 |
22.6 |
1.21 |
0.23 |
1.49 |
||||||||||||||
| KM-20-02 |
297.8 |
300.8 |
3.0 |
1.01 |
0.96 |
0.20 |
1.4 |
0.77 |
0.01 |
0.04 |
172 |
|||||||||||||
| KM-20-03 |
256.3 |
259.1 |
2.7 |
5.41 |
5.13 |
1.01 |
69.6 |
3.40 |
0.09 |
0.65 |
120 |
|||||||||||||
| together with |
256.3 |
257.3 |
0.9 |
10.32 |
9.78 |
1.79 |
56.0 |
7.42 |
0.17 |
1.11 |
||||||||||||||
| KM-20-03 |
292.2 |
292.6 |
0.5 |
2.72 |
2.57 |
0.19 |
2.0 |
2.43 |
0.04 |
0.15 |
152 |
|||||||||||||
| KM-20-03 |
295.4 |
295.8 |
0.5 |
2.61 |
2.47 |
0.80 |
6.0 |
1.35 |
0.06 |
0.91 |
154 |
|||||||||||||
| KM-20-03A |
252.4 |
256.9 |
4.6 |
6.85 |
6.49 |
2.55 |
35.6 |
3.70 |
0.03 |
0.27 |
122 |
|||||||||||||
| together with |
252.4 |
253.1 |
0.8 |
18.19 |
17.24 |
6.34 |
164.0 |
9.74 |
0.11 |
0.40 |
||||||||||||||
| KM-20-05 |
266.6 |
269.0 |
2.4 |
9.19 |
8.71 |
1.94 |
43.3 |
6.47 |
0.14 |
0.57 |
150 |
|||||||||||||
| together with |
266.6 |
267.8 |
1.2 |
13.89 |
13.16 |
2.21 |
50.0 |
10.60 |
0.26 |
1.05 |
||||||||||||||
| KM-20-06 |
267.9 |
281.5 |
13.5 |
2.92 |
2.77 |
0.85 |
45.6 |
1.02 |
0.30 |
1.23 |
158 |
|||||||||||||
| together with |
267.9 |
268.4 |
0.5 |
6.73 |
6.38 |
2.20 |
31.0 |
1.54 |
0.81 |
6.10 |
||||||||||||||
| together with |
276.6 |
281.5 |
4.9 |
4.54 |
4.30 |
0.87 |
92.1 |
1.86 |
0.42 |
1.96 |
||||||||||||||
| together with |
280.0 |
281.0 |
1.1 |
7.82 |
7.41 |
1.03 |
340.0 |
3.22 |
0.04 |
0.64 |
||||||||||||||
| KM-20-09 |
588.1 |
588.4 |
0.3 |
3.72 |
3.52 |
1.74 |
15.0 |
0.91 |
0.40 |
1.86 |
||||||||||||||
| KM-20-09 |
613.4 |
614.1 |
0.7 |
3.32 |
3.15 |
1.81 |
10.0 |
0.90 |
0.08 |
1.04 |
||||||||||||||
| KM-20-09 |
614.6 |
614.9 |
0.3 |
3.60 |
3.41 |
0.36 |
19.0 |
2.64 |
0.10 |
0.98 |
||||||||||||||
| KM-20-09 |
632.8 |
638.9 |
6.1 |
8.23 |
7.80 |
4.18 |
41.7 |
0.12 |
0.82 |
8.02 |
575 |
|||||||||||||
| together with |
633.6 |
637.9 |
4.4 |
9.81 |
9.29 |
5.46 |
33.1 |
0.15 |
0.50 |
9.06 |
||||||||||||||
| together with |
636.9 |
637.9 |
1.1 |
16.92 |
16.03 |
9.77 |
68.0 |
0.17 |
0.78 |
14.65 |
||||||||||||||
| KM-20-10 |
563.6 |
568.5 |
4.9 |
6.24 |
5.92 |
2.16 |
24.9 |
2.39 |
0.31 |
3.27 |
490 |
|||||||||||||
| together with |
563.6 |
566.6 |
3.0 |
7.78 |
7.38 |
2.42 |
28.2 |
3.66 |
0.32 |
3.16 |
||||||||||||||
| together with |
567.2 |
568.5 |
1.2 |
5.33 |
5.05 |
2.52 |
28.4 |
0.33 |
0.43 |
5.10 |
||||||||||||||
| KM-20-10 |
574.2 |
574.9 |
0.6 |
10.09 |
9.56 |
4.33 |
113.0 |
0.12 |
0.16 |
11.30 |
498 |
|||||||||||||
| KM-20-10 |
577.7 |
579.3 |
1.6 |
3.09 |
2.93 |
0.70 |
45.9 |
0.03 |
0.68 |
4.38 |
500 |
|||||||||||||
| KM-20-10 |
582.3 |
583.1 |
0.8 |
2.42 |
2.29 |
0.42 |
51.0 |
0.03 |
1.07 |
2.90 |
502 |
|||||||||||||
| KM-20-10A |
521.2 |
522.5 |
1.3 |
7.07 |
6.70 |
1.27 |
51.1 |
2.13 |
0.91 |
7.46 |
437 |
|||||||||||||
| KM-20-10A |
527.9 |
538.6 |
10.7 |
4.40 |
4.17 |
1.66 |
27.2 |
1.32 |
0.30 |
2.58 |
442 |
|||||||||||||
| together with |
527.9 |
529.4 |
1.5 |
8.59 |
8.14 |
0.92 |
30.2 |
6.69 |
0.07 |
1.62 |
||||||||||||||
| together with |
532.2 |
535.3 |
3.1 |
4.17 |
3.95 |
1.75 |
34.3 |
0.72 |
0.42 |
2.99 |
||||||||||||||
| together with |
537.2 |
538.6 |
1.4 |
12.24 |
11.60 |
7.29 |
79.2 |
0.16 |
0.60 |
9.06 |
||||||||||||||
| KM-20-10B |
503.0 |
530.7 |
27.6 |
2.87 |
2.72 |
0.97 |
21.3 |
0.87 |
0.32 |
1.76 |
423 |
|||||||||||||
| together with |
503.0 |
509.6 |
6.6 |
4.79 |
4.54 |
1.55 |
29.8 |
1.78 |
0.37 |
2.55 |
||||||||||||||
| together with |
513.9 |
518.3 |
4.4 |
5.29 |
5.01 |
1.89 |
47.4 |
1.08 |
0.68 |
4.05 |
||||||||||||||
| together with |
527.2 |
530.7 |
3.5 |
6.68 |
6.33 |
2.32 |
52.9 |
1.91 |
0.99 |
3.93 |
||||||||||||||
| KM-20-10C |
523.9 |
530.7 |
6.8 |
7.65 |
7.25 |
3.32 |
102.0 |
0.58 |
1.15 |
5.84 |
422 |
|||||||||||||
| together with |
523.9 |
528.2 |
4.3 |
10.60 |
10.05 |
4.89 |
125.2 |
0.88 |
1.45 |
7.61 |
||||||||||||||
| together with |
525.6 |
526.4 |
0.8 |
29.15 |
27.62 |
16.65 |
214.0 |
0.52 |
2.76 |
21.40 |
||||||||||||||
| KM-20-11 |
554.1 |
556.9 |
2.7 |
9.23 |
8.75 |
2.83 |
70.0 |
4.14 |
0.28 |
3.56 |
490 |
|||||||||||||
| KM-20-12 |
371.9 |
376.7 |
4.9 |
4.76 |
4.51 |
0.37 |
12.4 |
3.99 |
0.07 |
0.62 |
318 |
|||||||||||||
| together with |
371.9 |
373.7 |
1.9 |
10.10 |
9.57 |
0.67 |
28.0 |
8.49 |
0.16 |
1.53 |
||||||||||||||
| KM-20-12 |
379.5 |
405.4 |
25.9 |
0.87 |
0.82 |
0.08 |
2.3 |
0.73 |
0.01 |
0.08 |
326 |
|||||||||||||
| KM-20-13 |
443.6 |
486.8 |
43.1 |
3.94 |
3.73 |
1.26 |
23.3 |
1.68 |
0.24 |
1.67 |
341 |
|||||||||||||
| together with |
444.4 |
459.6 |
15.2 |
6.71 |
6.36 |
1.80 |
38.5 |
3.42 |
0.39 |
2.36 |
||||||||||||||
| together with |
444.4 |
447.1 |
2.7 |
10.14 |
9.61 |
3.74 |
55.0 |
1.02 |
1.88 |
10.64 |
||||||||||||||
| together with |
451.4 |
455.8 |
4.4 |
10.34 |
9.80 |
1.18 |
65.3 |
8.41 |
0.02 |
0.16 |
||||||||||||||
| KM-20-14 |
421.7 |
461.6 |
39.9 |
3.40 |
3.22 |
1.00 |
18.4 |
1.47 |
0.19 |
1.67 |
314 |
|||||||||||||
| together with |
426.3 |
429.8 |
3.5 |
11.58 |
10.98 |
1.28 |
30.0 |
9.56 |
0.07 |
0.95 |
||||||||||||||
| together with |
457.2 |
460.7 |
3.5 |
6.61 |
6.26 |
2.58 |
26.3 |
0.36 |
0.38 |
8.33 |
||||||||||||||
| KM-20-14A |
404.6 |
409.0 |
4.4 |
5.07 |
4.80 |
1.48 |
79.2 |
1.67 |
0.41 |
2.50 |
303 |
|||||||||||||
| together with |
404.6 |
406.4 |
1.7 |
10.41 |
9.87 |
2.46 |
173.6 |
4.08 |
0.53 |
5.02 |
||||||||||||||
| KM-20-14A |
421.0 |
443.5 |
22.5 |
2.41 |
2.28 |
0.72 |
15.9 |
0.86 |
0.18 |
1.51 |
312 |
|||||||||||||
| together with |
421.0 |
421.8 |
0.8 |
14.01 |
13.28 |
2.91 |
45.0 |
9.81 |
0.19 |
1.69 |
||||||||||||||
| together with |
421.0 |
425.0 |
4.1 |
5.17 |
4.90 |
1.14 |
21.4 |
3.23 |
0.14 |
1.30 |
||||||||||||||
| KM-20-15 |
506.8 |
510.1 |
3.3 |
4.24 |
4.02 |
11.25 |
0.33 |
192.0 |
0.05 |
1.75 |
3.73 |
402 |
||||||||||||
| KM-20-16 |
480.4 |
518.8 |
38.4 |
2.87 |
2.72 |
0.81 |
24.3 |
0.85 |
0.25 |
2.24 |
385 |
|||||||||||||
| together with |
480.4 |
492.9 |
12.5 |
5.95 |
5.64 |
1.98 |
48.5 |
1.63 |
0.50 |
4.23 |
||||||||||||||
| together with |
480.4 |
483.4 |
3.0 |
11.29 |
10.70 |
4.74 |
77.9 |
2.40 |
0.91 |
7.49 |
||||||||||||||
| together with |
489.8 |
492.9 |
3.0 |
10.22 |
9.68 |
2.59 |
100.7 |
3.61 |
0.92 |
6.90 |
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(1) True widths of the reported mineral intervals haven’t been decided; further drilling is required
(2) Assumptions utilized in USD for the gold equal calculations had been metallic costs of $2.28/lb Copper, $1650/oz Gold, $15/oz Silver, $0.86/lb Zinc, $0.77/lb Pb and restoration is assumed to be 100% as no metallurgical check knowledge is on the market. The next equation was used to calculate gold equivalence: AuEq = Gold (g/t) + (Copper (%) x 94.72) + (Silver (g/t) x 0.009) + (Zinc (%) x 35.73) +(Lead (%) x 31.99).
(3) Assumptions utilized in USD for the copper equal calculations had been metallic costs of $2.28/lb Copper, $1650/oz Gold, $16/oz Silver, $0.86/lb Zinc, $0.77/lb Pb and restoration is assumed to be 100% as no metallurgical check knowledge is on the market. The next equation was used to calculate copper equivalence fo: CuEq = Copper (%) + (Gold (g/t) x 1.06) + (Silver (g/t) x 0.0096) + (Zinc (%) x 0.3772) +(Lead (%) x 0.3377).
Desk 3. Areas of Part 1 and a pair of Program drill holes accomplished and in progress at Kay Mine, Arizona
| Gap ID |
Part |
Drill Pad | Zone | Collar East WGS84 |
Collar North WGS84 |
Collar Elev m |
Collar Az |
Collar Dip |
||||||||
| KM-20-01 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
78 |
-48 |
||||||||
| KM-20-02 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
75 |
-50 |
||||||||
| KM-20-03 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
72 |
-43.3 |
||||||||
| KM-20-03A |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
72 |
-43.3 |
||||||||
| KM-20-04 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
65.1 |
-47.5 |
||||||||
| KM-20-05 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
73.3 |
-47.2 |
||||||||
| KM-20-06 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
81.3 |
-48.3 |
||||||||
| KM-20-07 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
85.6 |
-47.6 |
||||||||
| KM-20-08 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
91.1 |
-77.1 |
||||||||
| KM-20-09 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
92.1 |
-77 |
||||||||
| KM-20-10 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
96.3 |
-72.2 |
||||||||
| KM-20-10A |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
96.3 |
-72.2 |
||||||||
| KM-20-10B |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
96.3 |
-72.2 |
||||||||
| KM-20-10C |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
96.3 |
-72.2 |
||||||||
| KM-20-11 |
1 |
Pad 3 | North |
392552 |
3769328 |
638 |
57.3 |
-67.5 |
||||||||
| KM-20-12 |
1 |
Pad 1 | North |
392684 |
3769388 |
643 |
95.7 |
-70.8 |
||||||||
| KM-20-13 |
1 |
Pad 1 | South |
392684 |
3769388 |
643 |
124 |
-66.5 |
||||||||
| KM-20-14 |
1 |
Pad 1 | South |
392684 |
3769388 |
643 |
133.6 |
-66 |
||||||||
| KM-20-14A |
1 |
Pad 1 | South |
392684 |
3769388 |
643 |
133.6 |
-66 |
||||||||
| KM-20-15 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
106.7 |
-66.8 |
||||||||
| KM-20-16 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
91.5 |
-68.9 |
||||||||
| KM-21-17 |
1 |
Pad 2 | South |
392638 |
3769266 |
653 |
90.5 |
-59.5 |
||||||||
| KM-21-18 |
2 |
Pad 2 | South |
392638 |
3769266 |
653 |
89.8 |
-55 |
||||||||
| KM-21-18A |
2 |
Pad 2 | South |
392638 |
3769266 |
653 |
89.8 |
-55 |
||||||||
| KM-21-19 |
2 |
Pad 1 | North |
392684 |
3769388 |
643 |
59.3 |
-69.5 |
||||||||
| KM-21-20 |
2 |
Pad 2 | North |
392638 |
3769266 |
653 |
53.7 |
-67.3 |
||||||||
| KM-21-21 |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
126 |
-70 |
||||||||
| KM-21-21A |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
126 |
-70 |
||||||||
| KM-21-22 |
2 |
Pad 3 | North |
392552 |
3769328 |
638 |
33 |
-63 |
||||||||
| KM-21-22A |
2 |
Pad 3 | North |
392552 |
3769328 |
638 |
33 |
-63 |
||||||||
| KM-21-23 |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
114.2 |
-66.3 |
||||||||
| KM-21-24 |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
119 |
-75.1 |
||||||||
| KM-21-25 |
2 |
Pad 3 | South |
392552 |
3769328 |
638 |
80 |
-77.4 |
||||||||
| KM-21-25A |
2 |
Pad 3 | South |
392552 |
3769328 |
638 |
80 |
-77.4 |
||||||||
| KM-21-25B |
2 |
Pad 3 | South |
392552 |
3769328 |
638 |
80 |
-77.4 |
||||||||
| KM-21-25C |
2 |
Pad 3 | South |
392552 |
3769328 |
638 |
80 |
-77.4 |
||||||||
| KM-21-26 |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
118.2 |
-79.3 |
||||||||
| KM-21-27 |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
90.4 |
-86.7 |
||||||||
| KM-21-27A |
2 |
Pad 1 | South |
392684 |
3769388 |
643 |
90.4 |
-86.7 |
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About Arizona Metals Corp
Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is situated on a mixture of patented and BLM claims totaling 1,300 acres that aren’t topic to any royalties. An historic estimate by Exxon Minerals in 1982 reported a “confirmed and possible reserve of 6.4 million quick tons at a grade of two.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.” The historic estimate on the Kay Mine was reported by Exxon Minerals in 1982. The historic estimate has not been verified as a present mineral useful resource. Not one of the key assumptions, parameters, and strategies used to organize the historic estimate had been reported, and no useful resource classes had been used. Important knowledge compilation, re-drilling and knowledge verification could also be required by a “certified individual” (as outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives) earlier than the historic estimate might be verified and upgraded to be a present mineral useful resource. A certified individual has not achieved enough work to categorise it as a present mineral useful resource, and Arizona Metals shouldn’t be treating the historic estimate as a present mineral useful resource.
The Kay Mine is a steeply dipping VMS deposit that has been outlined from a depth of 60 m to a minimum of 900 m. It’s open for enlargement on strike and at depth.
The Firm additionally owns 100% of the Sugarloaf Peak Property, in La Paz County, which is situated on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit goal 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 Sources).
The historic estimate on the Sugarloaf Peak Property was reported by Westworld Sources in 1983. The historic estimate has not been verified as a present mineral useful resource. Not one of the key assumptions, parameters, and strategies used to organize the historic estimate had been reported, and no useful resource classes had been used. Important knowledge compilation, re-drilling and knowledge verification could also be required by a certified individual earlier than the historic estimate might be verified and upgraded to a present mineral useful resource. A certified individual has not achieved enough work to categorise it as a present mineral useful resource, and Arizona Metals shouldn’t be treating the historic estimate as a present mineral useful resource.
Certified Particular person and High quality Assurance/High quality Management
All of Arizona Metals’ drill pattern assay outcomes have been independently monitored by way of a top quality assurance/high quality management (“QA/QC”) protocol which incorporates the insertion of blind commonplace reference supplies and blanks at common intervals. Logging and sampling had been accomplished at Arizona Metals’ core dealing with amenities situated in Anthem and Black Canyon Metropolis, Arizona. Drill core was diamond sawn on web site and half drill-core samples had been securely transported to ALS Laboratories’ (“ALS”) pattern preparation facility in Tucson, Arizona. Pattern pulps had been despatched to ALS’s labs in Vancouver, Canada, for evaluation.
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Gold content material was decided by hearth assay of a 30-gram cost with ICP end (ALS methodology Au-AA23). Silver and 32 different components had been analyzed by ICP strategies with four-acid digestion (ALS methodology ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn had been decided by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively.
ALS Laboratories is unbiased of Arizona Metals Corp. and its Vancouver facility is ISO 17025 accredited. ALS additionally carried out its personal inner QA/QC procedures to guarantee the accuracy and integrity of outcomes. Parameters for ALS’ inner and Arizona Metals’ exterior blind high quality management samples had been acceptable for the samples analyzed. Arizona Metals shouldn’t be conscious of any drilling, sampling, restoration, or different elements that would materially have an effect on the accuracy or reliability of the info referred to herein.
The certified one that reviewed and accredited the technical disclosure on this launch is David Smith, CPG, a certified individual as outlined in Nationwide Instrument43-101–Requirements of Disclosure for Mineral Initiatives. Mr. Smith supervised the preparation of the scientific and technical data that types the premise for this information launch and has reviewed and accredited the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Firm. Mr. Smith supervised the drill program and verified the info disclosed, together with sampling, analytical and QA/QC knowledge, underlying the technical data on this information launch, together with reviewing the reviews of ALS, methodologies, outcomes, and all procedures undertaken for high quality assurance and high quality management in a way per trade apply, and all issues had been constant and correct in response to his skilled judgement. There have been no limitations on the verification course of.
Disclaimer
This press launch accommodates statements that represent “forward-looking data” (collectively, “forward-looking statements”) inside the which means of the relevant Canadian securities laws, All statements, aside from statements of historic truth, are forward-looking statements and are based mostly on expectations, estimates and projections as on the date of this information launch. Any assertion that discusses predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions or efficiency (typically however not all the time utilizing phrases comparable to “expects”, or “doesn’t anticipate”, “is predicted”, “anticipates” or “doesn’t anticipate”, “plans”, “funds”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “could” or “might”, “would”, “would possibly” or “will” be taken to happen or be achieved) should not statements of historic truth and could also be forward-looking statements. Ahead-looking statements contained on this press launch embrace, with out limitation, statements relating to drill outcomes and future drilling and assays, the resumption of drilling and the results of the COVID-19 pandemic on the enterprise and operations of the Firm. In making the forward- trying statements contained on this press launch, the Firm has made sure assumptions. Though the Firm believes that the expectations mirrored in forward-looking statements are cheap, it can provide no assurance that the expectations of any forward-looking statements will show to be appropriate. Identified and unknown dangers, uncertainties, and different elements which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such elements embrace, however should not restricted to: availability of financing; delay or failure to obtain required permits or regulatory approvals; and basic enterprise, financial, aggressive, political and social uncertainties. Accordingly, readers mustn’t place undue reliance on the forward-looking statements and knowledge contained on this press launch. Besides as required by regulation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements to mirror precise outcomes, whether or not on account of new data, future occasions, modifications in assumptions, modifications in elements affecting such forward- trying statements or in any other case.
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NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
Not for distribution to US newswire providers or for launch, publication, distribution or dissemination straight, or not directly, in entire or partly, in or into the USA
View supply model on businesswire.com: https://www.businesswire.com/news/home/20210519005677/en/
Contacts
For additional data, please contact:
Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
mpais@arizonametalscorp.com
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp
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