Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the “Company” or
“Arizona Metals”) is pleased to announce the results of two
recently completed drill holes at its Kay Mine project in Yavapai,
County Arizona. An additional 20 holes are pending, with three
drill rigs turning 24 hours per day.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220411005314/en/
Figure 1. Cross section view looking
north showing assay intervals in drilling. Mineralization in holes
60 and 57B begins approximately 100 m and 250 m, respectively,
below the deepest level tested by historic exploration workings.
See Tables 1-3 for additional details. The true width of
mineralization is estimated to be 50% to 99% of reported core
width, with an average of 76%. (Photo: Business Wire)
Drilling Highlights
- Hole KM-21-60 intersected 93.3 m at a grade of 8.3 g/t
AuEq, including a higher-grade interval of 17.5 m grading
29.6 g/t AuEq, from a depth of 557 m. This hole is in the
central portion of the deposit, and demonstrates excellent
continuity of mineralization between holes 26, 28, 25A, 57A and 40.
This hole returned the project’s highest single gold assay, a value
of 273 g/t Au (over 1.2 meters from 634.3 m downhole).
- Hole KM-21-57B intersected 125.3 m at a grade of 3.2%
CuEq, including higher grade intervals of 1.8 m grading 9.9%
CuEq and 7.3 m grading 7.7% CuEq, from a depth of 728 m. This
hole demonstrates continuity and extension of mineralization
between holes 26, 28, 25A, and 40, and 58B. Hole 57B contains the
project’s highest copper analysis to date, grading 20.7% Cu
(over 1.5 m from 802.2 m downhole).
Hole 60 has extended the thickness of the mineralized zone
encountered in hole 58B (located 23 metres up-plunge) by
approximately 5 metres into the hanging-wall and 10 metres in the
footwall. Hole 57B has extended the mineralized zone encountered in
hole 57A (located 33 metres up-plunge) by approximately 10 metres
into the hanging-wall and 22 metres into the footwall. Assays
received to date have intersected mineralization over a down-plunge
extent of 760 m (880 m below surface). Holes 57B and 60, spaced 310
metres apart down-plunge from the top of mineralization in 60 to
the bottom of mineralization in 57B, continue to demonstrate the
excellent vertical continuity of very thick zones of
mineralization.
Marc Pais, CEO, commented “Drilling at the Kay Mine
Project continues to intersect very large widths and high grades of
massive sulphide mineralization. The holes released today
demonstrate excellent continuity of mineralization in all
directions, while also showing that mineralization is substantially
thicker than suggested by our original modelling. Drilling has
extended mineralization well into both the hanging-wall and
foot-wall envelopes, which gives the potential to define a
significant tonnage of mineralization.
Hole 60 encountered the highest grade of gold mineralization at
Kay assayed to date, with visible gold in the core (Fig. 4 below)
while hole 57B encountered the longest interval of copper-dominant
mineralization assayed to date. Drilling is currently underway to
test for depth extensions to at least 1,200 meters, while also
testing for lateral extensions of the thick hinge zone. The 20
holes pending all encountered semi-massive or massive sulphide
mineralization, and those intersections are guiding the drilling
currently underway.
Holes 57B and 60, spaced 310 metres apart down-plunge from the
top of 60 to the bottom of 57B, continue to demonstrate the
excellent vertical continuity of very thick zones of
mineralization. The large widths and high grades being encountered
at Kay are extremely rare in the context of VMS deposits either in
production or being explored globally.
We have drilled approximately 52,000 meters at Kay to date, with
each hole solidifying our opinion that this is one of the very few
large precious-metals rich VMS deposits not yet mined, and more
importantly, is potentially part of a much larger mineralized
system that has yet to be explored. To that end, we recently
completed a property-wide ground-loop electromagnetic survey, which
will serve to refine and improve the resolution of the Central and
Western targets, located approximately 300 meters and 1,000 meters
west of Kay, respectively. Drill pad and road permitting is
currently underway for these targets, with a detailed update
expected in the next few weeks.”
Kay Mine Phase 2 Drill Program Update
With the assayed holes released today, the Company has completed
a total of 52,000 meters at the Kay Mine since inception of
drilling. The Company is fully-funded to complete the remaining
23,000 meters planned for the Phase 2 program with the priority
focus areas for upcoming drilling (shown in Figure 5 below), as
well as an additional 76,000 meters in the upcoming Phase 3 program
which will be used to test the numerous parallel targets heading
West of Kay and the Northern and Southern Extensions of the Kay
Deposit.
Table 1. Results of Phase 2 Drill Program at Kay Mine, Yavapai
County, Arizona announced in this news release.
Analyzed Grade Analyzed Metal Equivalent Metal
Equivalent Vertical DepthBelow Surface m Hole ID
From m To m Length m Cu % Au g/t
Zn % Ag g/t Pb % Cu eq % Au eq
g/t Zn eq% Cu eq % Au eq g/t Zn eq%
KM-22-57B
736.7
862.0
125.3
2.40
0.90
1.29
18.7
0.13
3.62
5.93
9.42
3.20
5.25
8.33
728
including
739.7
741.6
1.8
9.42
2.37
0.32
8.5
0.03
11.06
18.12
28.76
9.93
16.28
25.84
including
798.3
805.6
7.3
6.35
0.81
3.76
19.5
0.14
8.47
13.89
22.04
7.72
12.65
20.08
KM-22-60
554.7
648.0
93.3
1.36
5.65
3.25
32.6
0.34
6.39
10.47
16.62
5.08
8.32
13.21
557
including
591.6
597.7
6.1
0.58
5.62
12.00
56.3
1.40
9.37
15.37
24.38
7.78
12.75
20.24
including
627.0
644.5
17.5
5.22
25.37
4.71
100.6
0.59
23.44
38.42
60.98
18.05
29.59
46.95
including
634.3
635.5
1.2
5.63
273.00
0.18
715.0
0.28
177.99
291.74
462.98
126.03
206.57
327.82
The true width of mineralization is estimated to be 50% to 99%
of reported core width, with an average of 76%. (2) Assumptions
used in USD for the copper and gold Metal Equivalent calculations
were metal prices of $4.63/lb Copper, $1937/oz Gold, $25/oz Silver,
$1.78/lb Zinc, and $1.02/lb Pb. Assumed metal recoveries (rec.),
based on a preliminary review of historic data by SRK and
ProcessIQ1, were 93% for copper, 92% for zinc, 90% for lead, 72%
silver, and 70% for gold. The following equation was used to
calculate copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold
(g/t) x 0.61)(72% rec.) + (Silver (g/t) x 0.0079)(72% rec.) + (Zinc
(%) x 0.3844)(93% rec.) +(Lead (%) x 0.2203)(93% rec.). The
following equation was used to calculate gold equivalence: AuEq =
Gold (g/t)(72% rec.) + (Copper (%) x 1.638)(93% rec.) + (Silver
(g/t) x 0.01291)(72% rec.) + (Zinc (%) x 0.6299)(93% rec.) +(Lead
(%) x 0.3609)(93% rec.). Analyzed Metal Equivalent calculations are
reported for illustrative purposes only. The metal chosen for
reporting on an equivalent basis is the one that contributes the
most dollar value after accounting for assumed recoveries.
Table 2. Full results of Phase 2 Drill Program at Kay Mine,
Yavapai County, Arizona.
Analyzed Grade
Analyzed Metal
Equivalent
Metal Equivalent
Vertical Depth Below Surface
m
Hole ID
From m
To m
Length m
Cu %
Au g/t
Zn %
Ag g/t
Pb %
Cu eq %
Au eq g/t
Zn eq%
Cu eq %
Au eq g/t
Zn eq%
KM-21-17
429.5
449.9
20.4
1.81
1.10
1.20
21.2
0.17
3.14
5.15
8.18
2.73
4.47
7.10
300
including
429.5
434.0
4.6
4.61
1.73
1.91
29.1
0.24
6.68
10.96
17.39
5.92
9.70
15.39
including
432.7
434.0
1.4
0.52
6.81
8.29
40.0
1.10
8.41
13.79
21.89
6.76
11.09
17.60
KM-21-17
504.4
505.4
0.9
1.19
4.73
0.05
9.0
0.00
4.17
6.83
10.84
3.20
5.24
8.31
356
KM-21-18
404.3
429.8
25.5
0.35
0.86
1.71
15.8
0.23
1.71
2.80
4.44
1.43
2.35
3.72
255
including
408.6
410.6
2.0
0.50
2.22
7.25
64.4
0.82
5.33
8.74
13.87
4.51
7.39
11.72
including
424.9
427.3
2.4
1.60
2.59
3.16
18.0
0.52
4.66
7.64
12.12
3.92
6.43
10.21
KM-21-18A
391.4
423.8
32.5
1.09
0.62
1.25
17.7
0.15
2.13
3.48
5.53
1.85
3.04
4.82
233
including
393.3
395.8
2.4
9.57
2.83
2.72
40.9
0.28
12.73
20.87
33.12
11.36
18.63
29.56
KM-21-19
377.8
378.3
0.5
3.39
5.59
6.83
128.0
0.63
10.58
17.34
27.52
8.81
14.44
22.92
337
KM-21-20
442.7
443.6
0.9
2.56
0.52
3.52
18.5
0.14
4.40
7.22
11.45
3.98
6.52
10.34
362
KM-21-20
456.0
458.1
2.1
1.49
0.35
0.14
6.0
0.04
1.81
2.97
4.71
1.63
2.66
4.23
370
KM-21-21
452.6
495.5
42.8
0.80
0.78
1.52
15.1
0.15
2.01
3.29
5.22
1.73
2.83
4.49
362
including
488.7
493.5
4.8
0.26
2.50
6.13
27.6
0.54
4.48
7.34
11.65
3.74
6.13
9.73
KM-21-21A
422.0
431.4
9.4
1.17
0.57
2.25
8.6
0.36
2.53
4.15
6.58
2.25
3.68
5.85
362
KM-21-21A
439.1
502.1
63.0
0.45
1.28
3.14
58.8
0.77
3.08
5.04
8.00
2.57
4.21
6.67
366
including
465.0
481.9
16.9
0.52
2.45
4.05
80.9
0.99
4.43
7.26
11.53
3.62
5.94
9.42
KM-21-23
394.4
401.4
7.0
0.36
0.93
1.94
13.5
1.17
2.05
3.35
5.32
1.73
2.84
4.51
313
KM-21-23
438.6
459.2
20.6
0.17
1.18
1.93
27.8
0.37
1.94
3.17
5.03
1.58
2.59
4.11
336
KM-21-24
501.2
592.1
90.8
0.45
1.33
3.42
44.6
0.41
3.02
4.95
7.86
2.53
4.15
6.59
470
including
501.2
521.7
20.4
1.34
1.70
6.35
113.1
0.66
5.86
9.60
15.24
4.99
8.18
12.99
including
520.9
521.7
0.8
1.75
16.50
9.55
574.0
1.22
20.31
33.29
52.82
15.57
25.52
40.50
including
575.9
592.1
16.2
0.16
2.50
6.00
44.4
0.79
4.51
7.40
11.74
3.75
6.14
9.74
including
588.7
590.4
1.7
0.47
9.98
23.70
18.2
0.13
15.84
25.96
41.20
13.21
21.65
34.36
KM-21-25
662.6
741.3
78.6
1.41
2.33
2.79
43.4
0.35
4.33
7.10
11.26
3.61
5.92
9.40
638
including
663.2
672.7
9.4
8.06
1.84
1.31
92.3
0.15
10.45
17.13
27.18
9.30
15.24
24.19
including
693.0
703.9
11.0
0.68
6.28
10.40
99.7
1.17
9.56
15.66
24.86
7.79
12.77
20.27
KM-21-25A
654.7
719.9
65.2
1.04
1.94
2.15
18.9
0.18
3.25
5.32
8.44
2.71
4.43
7.04
624
including
655.5
662.8
7.3
3.66
2.09
1.85
30.2
0.21
5.93
9.73
15.44
5.17
8.47
13.44
including
710.8
716.9
6.1
2.72
7.95
3.73
37.4
0.31
9.37
15.36
24.38
7.52
12.33
19.56
KM-21-25B
647.2
648.9
1.7
0.13
0.58
2.41
62.1
0.64
2.04
3.35
5.31
1.70
2.79
4.42
610
KM-21-25B
655.6
659.9
4.3
0.93
0.91
0.91
25.3
0.19
2.07
3.40
5.40
1.75
2.88
4.56
615
KM-21-25B
666.0
667.8
1.8
0.60
0.72
2.98
33.5
0.43
2.55
4.18
6.63
2.20
3.61
5.72
620
KM-21-25B
673.3
674.7
1.4
0.08
2.10
2.39
23.0
0.33
2.53
4.15
6.58
2.01
3.29
5.23
628
KM-21-25B
681.2
682.6
1.4
0.09
1.54
2.98
11.0
0.35
2.34
3.83
6.08
1.93
3.16
5.01
631
KM-21-26
506.7
582.8
76.0
0.79
1.61
4.23
32.7
0.54
3.78
6.19
9.83
3.21
5.27
8.36
480
including
511.1
526.1
14.9
0.73
1.78
9.68
43.3
0.77
6.05
9.92
15.74
5.26
8.63
13.69
including
573.8
582.8
9.0
4.02
6.06
3.32
18.2
0.19
9.18
15.04
23.87
7.64
12.52
19.87
KM-21-27
706.8
738.2
31.4
1.58
0.16
0.69
9.0
0.06
2.03
3.33
5.28
1.85
3.03
4.80
700
KM-21-27
764.4
777.4
13.0
2.85
0.48
0.17
8.5
0.02
3.29
5.39
8.55
2.97
4.87
7.73
775
KM-21-27A
666.3
769.4
103.1
0.79
1.06
1.90
35.8
0.42
2.54
4.17
6.62
2.15
3.52
5.59
678
including
666.3
687.0
20.7
3.21
1.39
1.26
19.4
0.20
4.74
7.77
12.33
4.18
6.84
10.86
including
706.4
724.6
18.3
0.69
2.69
4.70
92.2
1.21
5.13
8.41
13.35
4.22
6.91
10.97
including
752.9
763.8
11.0
0.07
1.07
4.68
95.3
0.98
3.49
5.73
9.09
2.92
4.78
7.59
KM-21-27B
665.8
762.9
97.1
1.31
1.62
3.21
31.7
0.40
3.88
6.35
10.08
3.31
5.42
8.61
660
including
702.0
723.0
21.0
0.87
4.56
9.03
81.5
1.10
8.01
13.13
20.83
6.63
10.87
17.25
including
723.0
738.2
15.2
4.97
0.36
0.42
18.7
0.05
5.51
9.03
14.33
5.04
8.26
13.11
KM-21-28
640.7
694.9
54.3
1.87
2.85
5.03
29.4
0.70
5.93
9.72
15.43
5.04
8.26
13.12
584
including
660.2
671.6
11.4
0.54
4.29
9.30
32.2
1.17
7.24
11.87
18.84
6.04
9.89
15.70
including
681.1
689.0
7.9
4.39
9.47
10.34
93.1
2.41
15.42
25.27
40.10
12.80
20.98
33.29
including
690.4
692.6
2.2
16.06
0.82
0.06
55.8
0.01
17.02
27.90
44.28
15.62
25.61
40.64
KM-21-29
393.0
393.8
0.8
0.43
1.54
4.92
9.0
0.21
3.38
5.54
8.79
2.89
4.74
7.53
235
KM-21-30
264.9
267.9
3.0
1.18
0.02
0.01
1.5
0.00
1.21
1.98
3.15
1.12
1.83
2.91
240
KM-21-32
316.4
320.0
3.7
1.84
1.29
2.47
38.5
0.30
3.95
6.47
10.27
3.41
5.60
8.88
185
KM-21-32
342.9
345.9
3.0
0.67
0.52
2.70
13.0
0.15
2.16
3.54
5.62
1.90
3.12
4.95
190
KM-21-32
358.9
368.4
9.4
0.60
1.47
1.99
45.7
0.35
2.70
4.42
7.01
2.22
3.63
5.76
195
KM-21-33
171.3
172.5
1.2
3.79
0.45
0.21
63.0
0.17
4.69
7.68
12.19
4.19
6.86
10.89
150
KM-21-34
299.3
303.9
4.6
0.29
1.69
0.94
46.3
0.26
2.12
3.47
5.50
1.65
2.70
4.29
205
KM-21-34
309.7
310.9
1.2
2.27
0.56
1.55
19.9
0.08
3.38
5.54
8.80
3.03
4.96
7.87
210
KM-21-35
609.6
615.1
5.5
0.92
1.26
1.71
57.7
0.02
2.80
4.60
7.29
2.33
3.82
6.06
550
including
609.6
613.0
3.4
1.39
1.69
1.98
54.0
0.01
3.61
5.92
9.40
3.03
4.96
7.87
KM-21-38
406.5
407.8
1.4
0.60
1.08
9.41
4.0
0.25
4.96
8.13
12.90
4.42
7.24
11.49
345
KM-21-38
467.4
476.1
8.7
0.09
1.73
3.87
61.1
1.22
3.38
5.55
8.80
2.78
4.56
7.23
370
including
470.0
475.2
5.2
0.12
2.44
5.68
87.5
1.79
4.88
8.01
12.71
4.02
6.59
10.46
KM-21-40
589.8
613.8
24.0
4.98
0.61
0.98
23.4
0.45
6.01
9.86
15.65
5.46
8.95
14.21
550
including
589.8
597.9
8.1
7.63
0.43
0.39
27.1
0.17
8.30
13.60
21.58
7.61
12.47
19.78
KM-21-40
627.9
680.8
52.9
0.47
2.91
3.40
35.7
0.40
3.93
6.44
10.22
3.17
5.20
8.25
590
including
641.1
648.3
7.2
1.15
7.66
8.27
88.5
0.92
9.90
16.23
25.76
7.95
13.03
20.68
including
670.3
674.1
3.8
1.53
10.89
9.47
24.6
0.61
12.15
19.91
31.59
9.69
15.88
25.19
KM-21-41
462.6
559.3
96.7
1.04
1.54
2.66
40.8
0.35
3.41
5.59
8.86
2.87
4.71
7.47
420
including
503.2
514.2
11.0
0.99
5.34
8.17
106.3
1.63
8.59
14.08
22.35
7.02
11.51
18.26
including
546.7
558.1
11.4
5.86
5.83
3.24
185.4
0.04
12.14
19.90
31.58
10.15
16.64
26.40
including
553.1
556.9
3.8
7.11
9.55
5.70
505.8
0.09
19.16
31.41
49.84
15.62
25.59
40.62
KM-21-42
803.5
810.3
6.9
0.05
1.60
1.58
64.3
0.35
2.22
3.64
5.78
1.73
2.83
4.49
800
KM-21-42
835.5
839.7
4.3
0.63
2.46
2.15
21.7
0.21
3.18
5.20
8.26
2.56
4.20
6.67
816
KM-21-42
853.7
854.7
0.9
0.11
1.63
2.88
28.0
0.40
2.52
4.13
6.55
2.05
3.37
5.34
846
KM-21-42A
786.7
787.6
0.9
0.03
3.61
2.18
17.0
0.70
3.36
5.51
8.74
2.58
4.22
6.70
781
KM-21-42A
805.4
811.1
5.6
6.17
0.92
0.18
39.5
0.01
7.12
11.68
18.53
6.43
10.54
16.72
802
including
807.0
808.9
2.0
10.72
0.87
0.11
61.8
0.00
11.79
19.32
30.66
10.74
17.60
27.93
KM-21-42A
840.9
877.2
36.3
0.55
0.62
1.35
10.7
0.13
1.56
2.56
4.06
1.34
2.20
3.49
848
KM-21-42B
808.0
811.2
3.2
0.29
2.06
5.77
63.0
0.94
4.47
7.33
11.63
3.74
6.13
9.72
790
KM-21-42B
816.9
819.9
3.0
2.31
0.66
1.23
16.0
0.15
3.35
5.49
8.71
2.99
4.90
7.77
810
KM-21-42B
835.5
840.8
5.3
0.02
0.73
2.93
13.5
0.24
1.75
2.87
4.56
1.49
2.45
3.88
828
KM-21-42C
849.2
877.4
28.2
3.81
0.47
0.29
12.5
0.09
4.32
7.08
11.24
3.93
6.44
10.23
850
including
849.2
854.7
5.5
14.57
0.66
0.16
37.5
0.03
15.34
25.14
39.89
14.11
23.12
36.70
including
863.8
869.4
5.6
2.29
1.17
0.59
13.1
0.25
3.39
5.55
8.81
2.96
4.85
7.70
including
874.8
877.4
2.6
2.83
0.26
0.03
7.2
0.01
3.06
5.02
7.96
2.80
4.59
7.28
KM-21-42C
886.1
889.1
3.0
0.87
0.88
0.50
5.2
0.05
1.65
2.71
4.30
1.40
2.30
3.65
855
KM-21-43
583.7
607.1
23.4
0.39
0.25
3.68
3.1
0.02
1.98
3.25
5.15
1.79
2.93
4.65
586
including
598.9
599.8
0.9
0.50
0.18
11.30
3.0
0.03
4.99
8.17
12.97
4.56
7.48
11.87
KM-21-43
616.0
633.1
17.1
1.81
0.17
0.14
8.2
0.03
2.04
3.34
5.31
1.86
3.05
4.84
616
including
631.2
633.1
1.8
6.30
0.61
0.09
25.0
0.01
6.91
11.32
17.97
6.30
10.32
16.38
KM-21-44
353.4
377.3
23.9
0.34
0.97
2.52
18.3
0.33
2.12
3.47
5.50
1.79
2.93
4.65
185
including
354.0
356.6
2.6
0.23
2.14
7.97
38.9
0.68
5.06
8.29
13.15
4.30
7.05
11.19
KM-21-45
459.6
463.0
3.4
0.32
0.62
6.63
82.3
0.87
4.10
6.71
10.65
3.55
5.82
9.24
459
including
461.2
462.1
0.9
0.15
1.23
16.90
182.0
2.50
9.39
15.38
24.41
8.17
13.39
21.26
KM-21-46
350.4
362.9
12.4
0.66
2.61
3.69
40.6
0.39
4.08
6.69
10.61
3.34
5.48
8.70
157
including
350.4
353.3
2.8
0.77
5.19
6.83
107.0
0.72
7.58
12.42
19.70
6.11
10.01
15.88
KM-21-47
433.9
435.9
2.0
0.16
1.88
9.28
138.7
2.17
6.46
10.58
16.79
5.46
8.95
14.20
432
KM-21-48
605.2
610.7
5.5
3.54
0.45
0.19
12.7
0.05
4.00
6.55
10.40
3.63
5.95
9.45
606
KM-21-48
630.3
634.6
4.3
1.11
0.34
0.69
12.7
0.11
1.71
2.80
4.45
1.52
2.49
3.95
631
KM-21-48
685.5
696.8
11.3
0.98
0.05
0.06
4.2
0.02
1.07
1.75
2.77
0.98
1.60
2.54
686
KM-21-48
715.1
718.4
3.4
2.08
0.04
0.03
4.3
0.01
2.15
3.52
5.59
1.98
3.25
5.16
716
KM-21-48
723.0
724.5
1.5
1.54
0.07
0.06
4.0
0.02
1.64
2.68
4.26
1.51
2.47
3.92
724
KM-21-48
735.5
743.6
8.1
0.34
0.60
1.52
9.2
0.07
1.38
2.26
3.59
1.18
1.93
3.06
737
KM-21-48A
538.0
539.5
1.5
0.31
1.17
2.79
29.0
0.52
2.44
4.01
6.36
2.05
3.35
5.32
538
KM-21-48A
687.9
696.9
9.0
1.64
0.36
0.79
7.9
0.01
2.23
3.66
5.80
2.01
3.29
5.22
688
including
687.9
688.8
0.9
0.15
1.53
5.35
5.0
0.01
3.18
5.21
8.27
2.71
4.45
7.06
including
694.9
696.0
1.1
8.36
0.80
0.10
40.0
0.03
9.21
15.10
23.96
8.39
13.75
21.81
KM-21-50
489.5
501.9
12.3
0.98
2.30
6.36
111.9
1.24
5.99
9.81
15.57
5.02
8.24
13.07
481
including
489.5
493.0
3.4
2.64
3.59
9.49
207.7
1.65
10.49
17.20
27.30
8.86
14.52
23.05
KM-21-50
509.0
562.1
53.1
0.44
0.84
1.28
35.8
0.27
1.79
2.93
4.65
1.48
2.42
3.84
501
including
538.1
545.6
7.5
0.28
1.94
2.62
112.8
0.82
3.55
5.81
9.23
2.82
4.63
7.34
KM-21-51B
860.5
870.2
9.8
3.00
0.13
0.10
6.5
0.05
3.18
5.21
8.27
2.93
4.80
7.62
including
864.7
865.6
0.9
8.70
0.09
0.09
16.0
0.10
8.93
14.64
23.24
8.27
13.55
21.51
KM-21-51B
881.5
884.2
2.7
0.52
0.22
0.62
28.3
0.14
1.15
1.88
2.98
0.99
1.61
2.56
KM-21-51B
893.7
903.4
9.8
1.51
0.10
0.06
4.4
0.01
1.63
2.67
4.24
1.49
2.45
3.89
including
898.2
899.3
1.1
6.56
0.11
0.10
15.0
0.04
6.79
11.13
17.67
6.28
10.29
16.32
KM-21-52
751.5
758.2
6.7
1.18
0.66
0.98
18.2
0.14
2.14
3.50
5.56
1.86
3.05
4.84
743
KM-21-52
787.5
789.6
2.1
0.04
1.27
1.68
28.5
0.22
1.73
2.84
4.50
1.38
2.25
3.58
777
KM-21-52A
763.7
793.1
29.4
0.25
1.12
1.36
51.6
0.47
1.97
3.22
5.11
1.58
2.58
4.10
750
including
763.7
764.9
1.2
0.38
3.01
8.69
132.0
1.68
6.97
11.43
18.13
5.80
9.50
15.08
including
771.8
774.5
2.7
1.39
2.46
4.59
116.4
1.82
5.98
9.81
15.56
5.00
8.19
12.99
including
781.5
787.6
6.1
0.31
2.63
1.64
119.5
0.65
3.64
5.97
9.47
2.81
4.60
7.30
KM-21-52A
801.3
802.5
1.2
0.42
0.90
1.29
82.0
0.17
2.15
3.52
5.59
1.73
2.83
4.50
789
KM-21-52A
818.8
820.2
1.4
0.39
1.62
1.29
188.0
0.36
3.45
5.65
8.96
2.66
4.35
6.91
805
KM-21-52A
831.2
852.4
21.2
0.05
0.91
0.80
27.2
0.29
1.19
1.95
3.10
0.93
1.52
2.42
817
including
837.0
841.6
4.6
0.03
2.16
1.34
69.0
0.79
2.59
4.24
6.73
1.98
3.24
5.14
KM-21-55
302.7
308.5
5.8
0.66
0.44
0.53
15.8
0.10
1.28
2.10
3.33
1.10
1.80
2.86
153
KM-21-56
434.6
435.9
1.2
1.53
0.39
0.13
19.0
0.01
1.97
3.23
5.12
1.75
2.86
4.54
403
KM-21-56
499.1
501.5
2.4
1.53
0.18
7.15
6.4
0.02
4.45
7.29
11.57
4.07
6.68
10.59
456
including
499.1
500.2
1.1
1.97
0.31
14.55
7.0
0.02
7.81
12.81
20.33
7.16
11.73
18.61
KM-21-56
524.0
525.0
1.1
0.97
0.12
0.07
5.0
0.03
1.12
1.83
2.91
1.01
1.66
2.64
480
KM-21-56
558.2
563.6
5.3
0.82
0.99
3.09
27.0
0.06
2.84
4.65
7.38
2.44
4.00
6.35
490
KM-21-56
577.0
578.2
1.2
0.02
1.66
0.47
5.0
0.02
1.26
2.06
3.27
0.92
1.52
2.41
500
KM-21-57
776.5
784.3
7.8
0.26
2.30
2.59
57.9
0.68
3.27
5.36
8.51
2.61
4.28
6.79
including
777.8
778.8
0.9
0.25
6.62
11.45
105.0
3.33
10.26
16.81
26.68
8.37
13.72
21.77
KM-21-57
819.9
835.5
15.5
1.29
2.17
2.58
90.9
0.27
4.39
7.19
11.41
3.61
5.92
9.40
780
including
824.0
827.5
3.5
3.69
4.67
3.81
228.5
0.29
9.88
16.19
25.69
8.13
13.33
21.15
KM-21-57
852.5
853.6
1.1
0.30
3.10
2.33
92.0
0.57
3.94
6.46
10.25
3.06
5.02
7.97
820
KM-21-57A
728.6
735.5
6.9
2.49
1.04
0.57
6.6
0.02
3.40
5.57
8.84
3.00
4.92
7.81
719
KM-21-57A
759.6
821.4
61.9
1.08
2.60
3.73
32.0
0.50
4.46
7.31
11.60
3.71
6.08
9.65
745
including
762.3
783.3
21.0
0.42
6.78
9.49
67.9
0.49
8.84
14.50
23.00
7.12
11.67
18.52
KM-22-57B
736.7
862.0
125.3
2.40
0.90
1.29
18.7
0.13
3.62
5.93
9.42
3.20
5.25
8.33
728
including
739.7
741.6
1.8
9.42
2.37
0.32
8.5
0.03
11.06
18.12
28.76
9.93
16.28
25.84
including
798.3
805.6
7.3
6.35
0.81
3.76
19.5
0.14
8.47
13.89
22.04
7.72
12.65
20.08
KM-22-60
554.7
648.0
93.3
1.36
5.65
3.25
32.6
0.34
6.39
10.47
16.62
5.08
8.32
13.21
557
including
591.6
597.7
6.1
0.58
5.62
12.00
56.3
1.40
9.37
15.37
24.38
7.78
12.75
20.24
including
627.0
644.5
17.5
5.22
25.37
4.71
100.6
0.59
23.44
38.42
60.98
18.05
29.59
46.95
including
634.3
635.5
1.2
5.63
273.00
0.18
715.0
0.28
177.99
291.74
462.98
126.03
206.57
327.82
The true width of mineralization is estimated to be 50% to 99%
of reported core width, with an average of 76%. (2) Assumptions
used in USD for the copper and gold Metal Equivalent calculations
were metal prices of $4.63/lb Copper, $1937/oz Gold, $25/oz Silver,
$1.78/lb Zinc, and $1.02/lb Pb. Assumed metal recoveries (rec.),
based on a preliminary review of historic data by SRK and
ProcessIQ2, were 93% for copper, 92% for zinc, 90% for lead, 72%
silver, and 70% for gold. The following equation was used to
calculate copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold
(g/t) x 0.61)(72% rec.) + (Silver (g/t) x 0.0079)(72% rec.) + (Zinc
(%) x 0.3844)(93% rec.) +(Lead (%) x 0.2203)(93% rec.). The
following equation was used to calculate gold equivalence: AuEq =
Gold (g/t)(72% rec.) + (Copper (%) x 1.638)(93% rec.) + (Silver
(g/t) x 0.01291)(72% rec.) + (Zinc (%) x 0.6299)(93% rec.) +(Lead
(%) x 0.3609)(93% rec.). Analyzed Metal Equivalent calculations are
reported for illustrative purposes only. The metal chosen for
reporting on an equivalent basis is the one that contributes the
most dollar value after accounting for assumed recoveries.
Table 3. Results of Phase 1 Drill Program at Kay Mine, Yavapai
County, Arizona. The true width of mineralization is estimated to
be 50% to 99% of reported core width, with an average of 80%.
Analyzed Grade Analyzed Metal Equivalent Hole
ID From m To m Length m Cu % Au
g/t Zn % Ag g/t Pb % Cu eq % Au
eq g/t Zn eq% KM-20-01
275.8
281.5
5.6
0.57
0.48
1.20
11.6
0.18
1.70
1.61
4.51
including
275.8
276.5
0.6
0.50
1.22
5.04
32.0
0.73
4.23
4.01
11.22
including
279.8
281.5
1.6
1.21
0.98
1.49
22.6
0.23
3.10
2.94
8.22
KM-20-02
297.8
300.8
3.0
0.77
0.20
0.04
1.4
0.01
1.01
0.96
2.69
KM-20-03
256.3
259.1
2.7
3.40
1.01
0.65
69.6
0.09
5.41
5.13
14.35
including
256.3
257.3
0.9
7.42
1.79
1.11
56.0
0.17
10.32
9.78
27.37
KM-20-03
292.2
292.6
0.5
2.43
0.19
0.15
2.0
0.04
2.72
2.57
7.20
KM-20-03
295.4
295.8
0.5
1.35
0.80
0.91
6.0
0.06
2.61
2.47
6.92
KM-20-03A
252.4
256.9
4.6
3.70
2.55
0.27
35.6
0.03
6.85
6.49
18.15
including
252.4
253.1
0.8
9.74
6.34
0.40
164.0
0.11
18.19
17.24
48.23
KM-20-05
266.6
269.0
2.4
6.47
1.94
0.57
43.3
0.14
9.19
8.71
24.37
including
266.6
267.8
1.2
10.60
2.21
1.05
50.0
0.26
13.89
13.16
36.83
KM-20-06
267.9
281.5
13.5
1.02
0.85
1.23
45.6
0.30
2.92
2.77
7.75
including
267.9
268.4
0.5
1.54
2.20
6.10
31.0
0.81
6.73
6.38
17.85
including
276.6
281.5
4.9
1.86
0.87
1.96
92.1
0.42
4.54
4.30
12.04
including
280.0
281.0
1.1
3.22
1.03
0.64
340.0
0.04
7.82
7.41
20.74
KM-20-09
588.1
588.4
0.3
0.91
1.74
1.86
15.0
0.40
3.72
3.52
9.86
KM-20-09
613.4
614.1
0.7
0.90
1.81
1.04
10.0
0.08
3.32
3.15
8.81
KM-20-09
614.6
614.9
0.3
2.64
0.36
0.98
19.0
0.10
3.60
3.41
9.54
KM-20-09
632.8
638.9
6.1
0.12
4.18
8.02
41.7
0.82
8.23
7.80
21.83
including
633.6
637.9
4.4
0.15
5.46
9.06
33.1
0.50
9.81
9.29
26.00
including
636.9
637.9
1.1
0.17
9.77
14.65
68.0
0.78
16.92
16.03
44.86
KM-20-10
563.6
568.5
4.9
2.39
2.16
3.27
24.9
0.31
6.24
5.92
16.55
including
563.6
566.6
3.0
3.66
2.42
3.16
28.2
0.32
7.78
7.38
20.64
including
567.2
568.5
1.2
0.33
2.52
5.10
28.4
0.43
5.33
5.05
14.12
KM-20-10
574.2
574.9
0.6
0.12
4.33
11.30
113.0
0.16
10.09
9.56
26.75
KM-20-10
577.7
579.3
1.6
0.03
0.70
4.38
45.9
0.68
3.09
2.93
8.20
KM-20-10
582.3
583.1
0.8
0.03
0.42
2.90
51.0
1.07
2.42
2.29
6.40
KM-20-10A
521.2
522.5
1.3
2.13
1.27
7.46
51.1
0.91
7.07
6.70
18.75
KM-20-10A
527.9
538.6
10.7
1.32
1.66
2.58
27.2
0.30
4.40
4.17
11.66
including
527.9
529.4
1.5
6.69
0.92
1.62
30.2
0.07
8.59
8.14
22.77
including
532.2
535.3
3.1
0.72
1.75
2.99
34.3
0.42
4.17
3.95
11.07
including
537.2
538.6
1.4
0.16
7.29
9.06
79.2
0.60
12.24
11.60
32.44
KM-20-10B
503.0
530.7
27.6
0.87
0.97
1.76
21.3
0.32
2.87
2.72
7.61
including
503.0
509.6
6.6
1.78
1.55
2.55
29.8
0.37
4.79
4.54
12.70
including
513.9
518.3
4.4
1.08
1.89
4.05
47.4
0.68
5.29
5.01
14.02
including
527.2
530.7
3.5
1.91
2.32
3.93
52.9
0.99
6.68
6.33
17.72
KM-20-10C
523.9
530.7
6.8
0.58
3.32
5.84
102.0
1.15
7.65
7.25
20.28
including
523.9
528.2
4.3
0.88
4.89
7.61
125.2
1.45
10.60
10.05
28.11
including
525.6
526.4
0.8
0.52
16.65
21.40
214.0
2.76
29.15
27.62
77.29
KM-20-11
554.1
556.9
2.7
4.14
2.83
3.56
70.0
0.28
9.23
8.75
24.48
KM-20-12
371.9
376.7
4.9
3.99
0.37
0.62
12.4
0.07
4.76
4.51
12.61
including
371.9
373.7
1.9
8.49
0.67
1.53
28.0
0.16
10.10
9.57
26.77
KM-20-12
379.5
405.4
25.9
0.73
0.08
0.08
2.3
0.01
0.87
0.82
2.30
KM-20-13
443.6
486.8
43.1
1.68
1.26
1.67
23.3
0.24
3.94
3.73
10.45
including
444.4
459.6
15.2
3.42
1.80
2.36
38.5
0.39
6.71
6.36
17.80
including
444.4
447.1
2.7
1.02
3.74
10.64
55.0
1.88
10.14
9.61
26.89
including
451.4
455.8
4.4
8.41
1.18
0.16
65.3
0.02
10.34
9.80
27.42
KM-20-14
421.7
461.6
39.9
1.47
1.00
1.67
18.4
0.19
3.40
3.22
9.00
including
426.3
429.8
3.5
9.56
1.28
0.95
30.0
0.07
11.58
10.98
30.71
including
457.2
460.7
3.5
0.36
2.58
8.33
26.3
0.38
6.61
6.26
17.52
KM-20-14A
404.6
409.0
4.4
1.67
1.48
2.50
79.2
0.41
5.07
4.80
13.44
including
404.6
406.4
1.7
4.08
2.46
5.02
173.6
0.53
10.41
9.87
27.61
KM-20-14A
421.0
443.5
22.5
0.86
0.72
1.51
15.9
0.18
2.41
2.28
6.38
including
421.0
421.8
0.8
9.81
2.91
1.69
45.0
0.19
14.01
13.28
37.15
including
421.0
425.0
4.1
3.23
1.14
1.30
21.4
0.14
5.17
4.90
13.71
KM-20-15
506.8
510.1
3.3
0.05
0.33
3.73
192.0
1.75
4.24
4.02
11.25
KM-20-16
480.4
518.8
38.4
0.85
0.81
2.24
24.3
0.25
2.87
2.72
7.61
including
480.4
492.9
12.5
1.63
1.98
4.23
48.5
0.50
5.95
5.64
15.78
including
480.4
483.4
3.0
2.40
4.74
7.49
77.9
0.91
11.29
10.70
29.93
including
489.8
492.9
3.0
3.61
2.59
6.90
100.7
0.92
10.22
9.68
27.10
Table 4. Locations of Phase 1 and 2 Program drill holes
completed at Kay Mine, Arizona
Hole ID Phase DrillPad
Zone Collar EastWGS84 CollarNorthWGS84
Collar Elevm CollarAz CollarDip
TotalDepthm DistanceDrilledBelowWedge m KM-20-01
1
Pad 1 North
392684
3769388
643
78
-48
335
335
KM-20-02
1
Pad 1 North
392684
3769388
643
75
-50
304
304
KM-20-03
1
Pad 1 North
392684
3769388
643
72
-43.3
366
366
KM-20-03A
1
Pad 1 North
392684
3769388
643
72
-43.3
321
177
KM-20-04
1
Pad 1 North
392684
3769388
643
65.1
-47.5
354
354
KM-20-05
1
Pad 1 North
392684
3769388
643
73.3
-47.2
349
349
KM-20-06
1
Pad 1 North
392684
3769388
643
81.3
-48.3
317
317
KM-20-07
1
Pad 1 North
392684
3769388
643
85.6
-47.6
308
308
KM-20-08
1
Pad 2 South
392638
3769266
653
91.1
-77.1
36
36
KM-20-09
1
Pad 2 South
392638
3769266
653
92.1
-77
671
671
KM-20-10
1
Pad 2 South
392638
3769266
653
96.3
-72.2
645
645
KM-20-10A
1
Pad 2 South
392638
3769266
653
96.3
-72.2
600
297
KM-20-10B
1
Pad 2 South
392638
3769266
653
96.3
-72.2
555
258
KM-20-10C
1
Pad 2 South
392638
3769266
653
96.3
-72.2
560
277
KM-20-11
1
Pad 3 North
392552
3769328
638
57.3
-67.5
653
653
KM-20-12
1
Pad 1 North
392684
3769388
643
95.7
-70.8
583
583
KM-20-13
1
Pad 1 South
392684
3769388
643
124
-66.5
524
524
KM-20-14
1
Pad 1 South
392684
3769388
643
133.6
-66
550
550
KM-20-14A
1
Pad 1 South
392684
3769388
643
133.6
-66
549
263
KM-20-15
1
Pad 2 South
392638
3769266
653
106.7
-66.8
572
572
KM-20-16
1
Pad 2 South
392638
3769266
653
91.5
-68.9
581
581
KM-21-17
2
Pad 2 South
392638
3769266
653
90.5
-59.5
892
892
KM-21-18
2
Pad 2 South
392638
3769266
653
89.8
-55
518
518
KM-21-18A
2
Pad 2 South
392638
3769266
653
89.8
-55
472
236
KM-21-19
2
Pad 1 North
392684
3769388
643
59.3
-69.5
482
482
KM-21-20
2
Pad 2 North
392638
3769266
653
53.7
-67.3
553
553
KM-21-21
2
Pad 1 South
392684
3769388
643
126
-70
561
561
KM-21-21A
2
Pad 1 South
392684
3769388
643
126
-70
556
315
KM-21-22
2
Pad 3 Grav
392552
3769328
638
33
-63
725
725
KM-21-22A
2
Pad 3 Grav
392552
3769328
638
33
-63
694
419
KM-21-23
2
Pad 1 South
392684
3769388
643
114.2
-66.3
528
528
KM-21-24
2
Pad 1 South
392684
3769388
643
119
-75.1
623
623
KM-21-25
2
Pad 3 South
392552
3769328
638
80
-77.4
775
775
KM-21-25A
2
Pad 3 South
392552
3769328
638
80
-77.4
746
263
KM-21-25B
2
Pad 3 South
392552
3769328
638
80
-77.4
738
404
KM-21-26
2
Pad 1 South
392684
3769388
643
118.2
-79.3
616
616
KM-21-27
2
Pad 1 South
392684
3769388
643
90.4
-86.7
859
859
KM-21-27A
2
Pad 1 South
392684
3769388
643
90.4
-86.7
817
391
KM-21-27B
2
Pad 1 South
392684
3769388
643
90.4
-86.7
823
427
KM-21-28
2
Pad 3 South
392552
3769328
638
86.7
-70.5
774
774
KM-21-29
2
Pad 1 South
392684
3769388
643
108.5
-54
489
489
KM-21-30
2
Pad 4 Far North
392733
3769870
630
71.4
-53
539
539
KM-21-31
2
Pad 2 South
392638
3769266
653
115
-62
618
618
KM-21-32
2
Pad 1 South
392684
3769388
643
115
-45.6
496
496
KM-21-33
2
Pad 4 Far North
392733
3769870
630
106.5
-53
458
458
KM-21-34
2
Pad 1 North
392684
3769388
643
81
-59
430
430
KM-21-35
2
Pad 2 South
392638
3769266
653
102.5
-78.5
716
716
KM-21-36
2
Pad 4 Far North
392733
3769870
630
132
-50
350
350
KM-21-37
2
Pad 4 Far North
392733
3769870
630
20
-75
490
490
KM-21-38
2
Pad 1 N&S
392684
3769388
643
109.2
-71.8
554
554
KM-21-39
2
Pad 4 Far North
392733
3769870
630
355
-71
427
427
KM-21-40
2
Pad 2 South
392638
3769266
653
72.5
-80.4
742
742
KM-21-41
2
Pad 1 N&S
392684
3769388
643
112
-77
610
610
KM-21-42
2
Pad 3 South
392552
3769328
638
72.5
-86
958
958
KM-21-42A
2
Pad 3 South
392552
3769328
638
72.5
-86
929
334
KM-21-42B
2
Pad 3 South
392552
3769328
638
72.5
-86
888
309
KM-21-42C
2
Pad 3 South
392552
3769328
638
72.5
-86
953
389
KM-21-43
2
Pad 1 N&S
392684
3769388
643
103.5
-83.8
686
686
KM-21-44
2
Pad 1 South
392684
3769388
643
124
-42.8
431
431
KM-21-45
2
Pad 2 South
392638
3769266
653
102
-63.4
522
522
KM-21-46
2
Pad 1 South
392684
3769388
643
123.5
-45
412
412
KM-21-47
2
Pad 2 South
392638
3769266
653
97.6
-59.8
511
511
KM-21-48
2
Pad 1 South
392684
3769388
643
99
-86.5
784
784
KM-21-48A
2
Pad 1 South
392684
3769388
643
99
-86.5
740
435
KM-21-49
2
Pad 2 South
392638
3769266
653
73.3
-71
326
326
KM-21-50
2
Pad 2 South
392638
3769266
653
71.3
-74.3
636
636
KM-21-51
2
Pad 3 South
392552
3769328
638
20
-80.5
1017
1017
KM-21-51A
2
Pad 3 South
392552
3769328
638
20
-80.5
1013
611
KM-21-51B
2
Pad 3 South
392552
3769328
638
20
-80.5
986
635
KM-21-52
2
Pad 2 South
392638
3769266
653
65.2
-86.8
849
849
KM-21-52A
2
Pad 2 South
392638
3769266
653
65.2
-86.8
906
602
KM-21-53
2
Pad 1 South
392684
3769388
643
133.4
-45
582
582
KM-21-54
2
Pad 1 South
392684
3769388
643
127.5
-45
523
523
KM-21-55
2
Pad 1 South
392684
3769388
643
113
-45
479
479
KM-21-56
2
Pad 1 South
392684
3769388
643
106.7
-81
685
685
KM-21-57
2
Pad 2 South
392638
3769266
653
28
-85.2
1002
1002
KM-21-57A
2
Pad 2 South
392638
3769266
653
28
-85.2
857
308
KM-22-57B
2
Pad 2 South
392638
3769266
653
28
-85.2
887
354
KM-21-58
2
Pad 1 South
392684
3769388
643
106
-82.8
759
759
KM-21-58A
2
Pad 1 South
392684
3769388
643
106
-82.8
680
315
KM-21-58B
2
Pad 1 South
392684
3769388
643
106
-82.8
708
403
KM-21-59
2
Pad 3 South
392552
3769328
638
70
-89
3729
--
KM-22-59A
2
Pad 3 South
392552
3769328
638
70
-89
3234
2000
KM-22-60
2
Pad 1 South
392684
3769388
643
105
-82.8
2330
--
Covid-19 Monitoring and Mitigation Procedures
The Company’s drill contractor, Boart Longyear, has instituted
Covid-19 monitoring procedures for all drill crew members,
including daily temperature and symptom checks. Arizona Metals Corp
will be provided with daily health tracking updates for the drill
crews and has also instituted its own social distancing policies
and provided a guidance manual for employees at site.
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.”
(Fellows, M.L., 1982, Kay Mine massive sulfide deposit: Internal
report prepared for Exxon Minerals Company, November 1982, 29 p.)
The historic estimate at the Kay Mine was reported by Exxon
Minerals in 1982. The historic estimate has not been verified as a
current mineral resource. None of the key assumptions, parameters,
and methods used to prepare the historic estimate 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 estimate can
be verified and upgraded to be a current mineral resource. A
qualified person has not done sufficient work to classify it as a
current mineral resource, and Arizona Metals is not treating the
historic estimate as a current mineral resource.
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 estimate has
not been verified as a current mineral resource. None of the key
assumptions, parameters, and methods used to prepare the historic
estimate were reported, and no resource categories were used.
Significant data compilation, re-drilling and data verification may
be required by a qualified person before the historic estimate can
be verified and upgraded to a current mineral resource. A qualified
person has not done sufficient work to classify it as a current
mineral resource, and Arizona Metals is not treating the historic
estimate as a current mineral resource.
Qualified Person and Quality Assurance/Quality
Control
All of Arizona Metals’ drill sample assay results have been
independently monitored through a quality assurance/quality control
(“QA/QC”) protocol which includes the insertion of blind standard
reference materials and blanks at regular intervals. Logging and
sampling were completed at Arizona Metals’ core handling facilities
located in Anthem and Black Canyon City, Arizona. Drill core was
diamond sawn on site and half drill-core samples were securely
transported to ALS Laboratories’ (“ALS”) sample preparation
facility in Tucson, Arizona. Sample pulps were sent to ALS’s labs
in Vancouver, Canada, for analysis.
Gold content was determined by fire assay of a 30-gram charge
with ICP finish (ALS method Au-AA23). Silver and 32 other elements
were analyzed by ICP methods with four-acid digestion (ALS method
ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were
determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and
Zn-OG62, respectively.
ALS Laboratories is independent of Arizona Metals Corp. and its
Vancouver facility is ISO 17025 accredited. ALS also performed its
own internal QA/QC procedures to assure the accuracy and integrity
of results. Parameters for ALS’ internal and Arizona Metals’
external blind quality control samples were acceptable for the
samples analyzed. Arizona Metals is not aware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data referred to herein.
The qualified person who reviewed and approved the technical
disclosure in this release is David Smith, CPG, a qualified person
as defined in National Instrument43-101–Standards of Disclosure for
Mineral Projects. Mr. Smith supervised the preparation of the
scientific and technical information that forms the basis for this
news release and has reviewed and approved the disclosure herein.
Mr. Smith is the Vice-President, Exploration of the Company. Mr.
Smith supervised the drill program and verified the data disclosed,
including sampling, analytical and QA/QC data, underlying the
technical information in this news release, including reviewing the
reports of ALS, methodologies, results, and all procedures
undertaken for quality assurance and quality control in a manner
consistent with industry practice, and all matters were consistent
and accurate according to his professional judgement. There were no
limitations on the verification process.
Disclaimer
This press release contains statements that constitute
“forward-looking information” (collectively, “forward-looking
statements”) within the meaning of the applicable Canadian
securities legislation, All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
“expects”, or “does not expect”, “is expected”, “anticipates” or
“does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or “intends” or variations of such words
and phrases or stating that certain actions, events or results
“may” or “could”, “would”, “might” or “will” be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements contained in
this press release include, without limitation, statements
regarding drill results and future drilling and assays, the
resumption of drilling and the effects of the COVID-19 pandemic on
the business and operations of the Company. In making the forward-
looking statements contained in this press release, the Company has
made certain assumptions. Although the Company believes that the
expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: availability of financing;
delay or failure to receive required permits or regulatory
approvals; and general business, economic, competitive, political
and social uncertainties. Accordingly, readers should not place
undue reliance on the forward-looking statements and information
contained in this press release. Except as required by law, the
Company disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward- looking
statements or otherwise.
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 services or for release,
publication, distribution or dissemination directly, or indirectly,
in whole or in part, in or into the United States
1 SRK Consulting (Canada) Inc., March 2022, Updated
Metallurgical Review, Kay Mine, Arizona. Report 3CA061.004
2 SRK Consulting (Canada) Inc., March 2022, Updated
Metallurgical Review, Kay Mine, Arizona. Report 3CA061.004
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220411005314/en/
For further information: 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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