Arizona Sonoran Drills 479 ft of 1.32 % CuT from Parks/Salyer and Announces an 80,000 ft (24,400 m) Drilling Program
23 Juni 2022 - 12:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or
the “Company”), an emerging US-based copper developer and near-term
producer, announces an additional 3 drill holes (6,440 feet | 1,960
metres) from its initial 12-hole exploration program at the
Parks/Salyer (“P/S”) Project, while a new 80,000 ft (24,400 m)
program is well-underway at the P/S Project (see FIGURES
1-3). The new drilling program tests the extents of the
previously defined Exploration Target (see PR dated Feb 10, 22),
from the southern border of P/S and in a north-eastern trend
towards the Cactus Mine, at 500 ft centres. Assays are pending on
an additional 12 holes.
Highlights:
- Drilling supports the upper end of the Exploration Target’s
volumetric calculation below, currently defined to at least 1,500
ft by 2,000 ft and within 2 km from the Cactus Mine.
- 40-90 M tons of potential leachable material @ 1.05%- 1.3% TSol
for potential of 1.0-2.35 B lbs of contained copper
- 8-35 M tons of potential primary material @ 0.85-1.05% CuT for
0.15-0.75 B lbs of contained copper
- ECP-079 together with ECP-061, confirms east-west continuity
for 1,500 ft width. ECP-086 and ECP-092 logging results suggest an
additional 1,000 ft of mineralization to the east for a potential
width of 2,500 ft.
- ECP-79 – 479 ft @ 1.32% CuT, 0.90% TSol, 0.017% Mo
(enriched)
- and 225 ft @ 0.96% CuT, 0.63% TSol, 0.039% Mo – Primary (cut
off by Basement Fault)
- ECP-61 – 474 ft @ 0.89% CuT, 0.83% TSol, 0.026% Mo –
(enriched)
- and 690 ft @ 0.33% CuT, 0.011% Mo – Primary
- ECP-68 – 324 ft @ 1.10% CuT, 0.96% TSol, 0.005% Mo –
(enriched)
- and 753 ft @ 0.63% CuT, 0.016% Mo – Primary
- ECP-068 shows a thickening to the southeast of grades
previously intersected in historic hole S-200
George Ogilvie, Arizona Sonoran President and CEO
commented, “We are thrilled with the strength of copper grades
and thicknesses at the P/S Project. As a result, the assays are
pointing to the higher ends of the Exploration Target. With
drilling on track to be complete by mid-July, the team should have
a handle on the mineral resource potential at the P/S Project, as
well as the Phase 1 modelling results of the NutonTM Technology
metallurgical testing.
He continued, “Looking beyond our Cactus and P/S Property, the
prolific Santa Cruz copper district has seen significantly activity
in the past six months and our team is excited to be a leader in
the redevelopment of the world class district.”
Geologic Description of Drilling Results at P/S
The Company’s 100%-owned Parks/Salyer Project is located 1.3 mi
(2 km) down trend to the southwest of the Cactus Project on private
land. The P/S Project is interpreted to represent a north trending
horst block of porphyry copper mineralization similar in
characteristics to that of Cactus West. Results to date at
Parks/Salyer support that interpretation with mineral zonation also
consistent with Cactus, containing oxide, chalcocite enrichment,
and primary chalcopyrite-molybdenite mineralization (see FIGURES
1-3). Exploration drilling to date has been undertaken from the
Company's southern property boundary northward along the
northeasterly regional trend of known copper mineralization.
Enriched mineralization has been consistently flat lying, extending
through all holes drilled in this round of step out drilling,
including another 500 ft west and 1,000 ft east of holes with
assays reported so far. Primary mineralization is persistent at
depth with thickness increasing to the northwest, consistently cut
off by the Basement Fault.
TABLE 1: Drilling Highlights
HOLE
ZONE
Feet
Meters
TCu
TSol
Mo
From
To
Length
From
To
Length
ECP-061
oxide
854.0
985.6
131.6
263.4
304.0
40.1
1.17
1.06
0.004
including
886.0
946.0
60.0
273.2
291.7
18.3
1.72
1.57
0.001
enriched
1,069.0
1,543.0
474.0
329.7
475.9
144.5
0.89
0.83
0.026
including
1,069.0
1,167.0
98.0
329.7
359.9
29.9
1.51
1.44
0.024
and
1,253.6
1,369.0
115.4
386.6
422.2
35.2
1.03
1.00
0.028
primary
1,543.0
2,233.3
690.3
475.9
688.7
210.4
0.33
0.03
0.011
including
1,761.0
1,808.0
47.0
543.1
557.6
14.3
0.45
0.03
0.008
and
1,848.0
2,033.3
185.3
569.9
627.1
56.5
0.42
0.02
0.010
ECP-068
enriched
693.0
730.8
37.8
213.7
225.4
11.5
0.44
0.42
0.003
enriched
893.5
1,217.0
323.5
275.6
375.3
98.6
1.10
0.96
0.005
including
987.0
1,177.0
190.0
304.4
363.0
57.9
1.44
1.28
0.004
primary
1,217.0
1,970.0
753.0
375.3
607.5
229.5
0.63
0.06
0.016
including
1,337.0
1,551.0
214.0
412.3
478.3
65.2
0.99
0.08
0.033
ECP-079
enriched
1,244.0
1,723.0
479.0
379.2
525.2
146.0
1.32
0.90
0.017
including
1,274.0
1,550.0
276.0
388.3
472.4
84.1
1.51
1.04
0.013
primary
1,833.0
2,058.3
225.3
558.7
627.4
68.7
0.96
0.63
0.039
- Intervals are presented in core length and are drilled with
vertical dip angles.
- Drill assays assume a mineralized cut-off grade of 0.5% CuT
reflecting the potential for heap leaching in the case of Oxide and
Enriched based on underground material, or in the case of Primary
material using a 0.1% CuT cutoff to provide typical average grades.
Holes were terminated below the basement fault.
- Assay results are not capped. Intercepts are aggregated within
geological confines of major mineral zones.
- True widths are not known.
Table 2: Drilling details
Hole
Easting
Northing
Elevation (ft)
Depth (ft)
Azimuth
Dip
ECP-061
421,614.6
3,644,981.3
1,371.7
2,317.0
0.0
-90.0
ECP-068
421,864.2
3,644,842.9
1,371.5
2,051.0
0.0
-90.0
ECP-079
421,919.7
3,644,981.3
1,375.7
2,071.5
0.0
-90.0
Quality Assurance / Quality Control
Drilling completed on the project in 2020 and 2021 was
supervised by on-site ASCU personnel who prepared core samples for
assay and implemented a full QA/QC program using blanks, standards,
and duplicates to monitor analytical accuracy and precision. The
samples were sealed on site and shipped to Skyline Laboratories in
Tucson AZ for analysis. Skyline’s quality control system complies
with global certifications for Quality ISO9001:2008.
Technical aspects of this news release have been reviewed and
verified by Allan Schappert – CPG #11758, who is a qualified person
as defined by National Instrument 43-101– Standards of Disclosure
for Mineral Projects.
Links from the Press Release
FIGURES 1-3:
https://arizonasonoran.com/projects/exploration/maps-and-figures/
P/S Exploration Target announced Feb 10, 2022:
https://arizonasonoran.com/news-releases/arizona-sonoran-drills-595-ft-181.4-m-of-1.29-cut-at-parks-salyer-and-increases-existing-private-land-package/
Neither the TSX nor the regulating authority has approved or
disproved the information contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with
low operating costs, develop the Cactus Project that could generate
robust returns for investors, and provide a long term sustainable
and responsible operation for the community and all stakeholders.
The Company's principal asset is a 100% interest in the Cactus
Project (former ASARCO, Sacaton mine) which is situated on private
land in an infrastructure-rich area of Arizona. Contiguous to the
Cactus Project the Company is also exploring on its 100% owned Park
Salyer property that could allow for a phased expansion of the
Cactus Mine once it becomes a producing asset. The Company is led
by an executive management team and Board which have a
long-standing track record of successful project delivery in North
America complemented by global capital markets expertise.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of ASCU to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220623005280/en/
Alison Dwoskin, Director, Investor Relations 647-233-4348
adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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