Arizona Metals (TSX: AMC) (OTCQX: AZMCF) is a mineral exploration company focused on advancing precious and base metal deposits in its 100%-owned Kay Mine volcanogenic massive sulfide (“VMS”) Project and Sugarloaf Peak Gold Project in Arizona. “VMS deposits represent a critical global source of copper, zinc, lead, gold, and silver ores. AZMCF aims to tap into the potential of Arizona’s Yavapai County with its 100%-owned projects surrounded by sixty historic underground VMS copper, gold, zinc, and silver mines… The company’s fully owned flagship Kay Mine property totals 1,300 acres that are not subject to any royalties. A historic 1982 estimate by Exxon Minerals revealed a ‘proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 grams per ton gold, 3.03% zinc, and 55 grams per ton silver,” a recent article reads. “As we begin 2023, I want to take a moment to reflect on the past year and share some of our accomplishments,” Arizona Metals CEO Marc Pais is quoted as saying. “First, I want to thank our shareholders for your continued support and belief in Arizona Metals. Your trust and investment have been a driving force in creating one of the best-financed explorers listed on the TSX and advancing what we believe to be one of the world’s premier VMS exploration projects.”
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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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