Arizona Gold Drills 11.8 m of 8.8 g/t Gold Including 53.5 g/t
01 Juni 2021 - 1:30PM
Arizona Gold Corp. (TSX: AZG, OTCQB: AGAUF) (“Arizona Gold” or the
“Company”) is pleased to announce additional underground drilling
results at its 100% owned Copperstone gold project located in
Arizona, United States.
Michael R. Smith, Technical Advisor, stated: “We
are pleased to announce drill results from our current in-fill
delineation core drilling program. The holes were drilled from
underground to support and guide follow up reverse circulation
drilling on close-spaced centers, which will lead to final stope
mine planning. The drill hole intervals realized with the core
drilling encountered mineralization where modelled, while
continuing to add further confidence in the current resource
model."
Drilling Highlights
Include:
Drill Hole AZG-21-P3B-04C
- 11.8 m at 8.8 g/t Au, including 1.1 m at 53.5 g/t Au
Drill Hole AZG-21-P2B-02C
- 3.3 m at 11.4 g/t Au, including 1.1 m at 17.9 g/t Au
Drill Hole AZG-21-P2G-07C
- 3.2 m at 11.3 g/t Au, including 1.7 m at 20.3 g/t Au
2021 Drilling Program
The underground core hole in-fill delineation
drilling of previously planned stopes has advanced with three holes
in Stope 3 (north end of C Zone) and six in Stope 2 (north end of D
Zone). It is planned to do limited in-fill core drilling in planned
stopes, to support and guide follow up reverse circulation drilling
on close-spaced centers. Mineralization was intersected in the
holes about where modelled, increasing confidence in the resource
model.
The following provides additional information
for each of the drill holes reported in Table 1 below with further
assays pending:
|
Drill Hole AZG-21-P3B-04C is an down angle in-fill hole drilled
northeasterly into Stope 3 and intersected mineralization where
modelled. |
|
|
|
Drill
Hole AZG-21-P2B-02C is an down angle in-fill hole drilled
southwesterly into Stope 2 and intersected mineralization where
modelled. |
|
|
|
Drill
Hole AZG-21-P2C-03C is an down angle in-fill hole drilled
southwesterly into Stope 2 and intersected mineralization where
modelled. |
|
|
|
Drill
Hole AZG-21-P2G-07C is an down angle in-fill hole drilled
southwesterly into Stope 23 and intersected mineralization where
modelled. |
Table 1: Underground Core
Drilling
|
|
|
|
|
True |
|
From |
To |
Length |
Gold (1) |
Thickness (2) |
Hole ID |
meter |
meter |
meter |
gram/tonne |
meter |
AZG-21-P3B-04C |
12.6 |
24.4 |
11.8 |
8.8 |
8.3 |
including |
13.4 |
15.2 |
1.8 |
40.4 |
1.1 |
and |
14.1 |
15.2 |
1.1 |
53.5 |
0.5 |
AZG-21-P2B-02C |
11.9 |
15.2 |
3.3 |
11.4 |
3.0 |
including |
11.9 |
13.0 |
1.1 |
17.9 |
1.0 |
and |
13.7 |
14.5 |
0.8 |
17.3 |
0.7 |
AZG-21-P2C-03C |
17.2 |
22.6 |
5.4 |
8.9 |
3.9 |
including |
18.0 |
20.3 |
2.3 |
17.3 |
1.7 |
and |
18.0 |
18.7 |
0.7 |
39.5 |
0.6 |
AZG-21-P2G-07C |
4.6 |
7.8 |
3.2 |
11.3 |
3.1 |
including |
5.3 |
7.0 |
1.7 |
20.3 |
1.6 |
(1) Au grades herein are reported as uncapped
values. (2) Estimated perpendicular distance between
footwall and hanging wall of the mineralized interval.
The technical information in this news release
has been prepared in accordance with the Canadian regulatory
requirements set out in NI 43-101 and reviewed and approved by
Michael R. Smith, SME Registered Member (Geology), who is a
“Qualified Person” as defined by NI 43-101 for this project.
Quality Assurance and Quality Control
StatementProcedures have been implemented to assure
Quality Assurance Quality Control (QAQC) of drill hole assaying
being done at an ISO Accredited assay laboratory. Drill hole
samples to be assayed are securely stored for shipment, with chain
of custody documentation through delivery. Mineralized
commercial reference standards or blank standards are inserted
approximately every 20th sample in sequence and results are
assessed to ascertain acceptable limits for analytical variance.
Duplicate samples will also be taken as a further check in lab
precision and accuracy. All results will be analyzed for
consistency and corrective actions taken, if needed.
About Arizona Gold Corp.Arizona
Gold is an emerging American gold producer advancing the restart of
production at its 100-per-cent-owned, fully permitted,
past-producing Copperstone mine project, located in mining-friendly
Arizona. The Copperstone mine project demonstrates significant
upside exploration potential that has yet to be drilled within a 50
square-kilometre land package that includes past production of over
500,000 ounces of gold by way of an open-pit operation.
The company's current focus is on maximizing
Copperstone's potential by defining and expanding current resources
and further optimizing the mine's economics for purposes of the
restart of gold production in the near term as a result of the
recent project funding transaction with Star Royalties Ltd.
Giulio T. Bonifacio, President &
CEOgtbonifacio@arizona-gold.com |
John C. Galassini, Executive VP,
COOjgalassini@arizona-gold.com |
For further information please visit the Arizona
Gold Corp. website (www.arizona-gold.com).
Cautionary Note Regarding Forward Looking
Statements
This news release contains forward-looking
information under Canadian securities legislation including
statements regarding drill results, potential mineralization,
potential expansion and upgrade of mineral resources and current
expectations on future exploration and development plans. These
forward-looking statements entail various risks and uncertainties
that could cause actual results to differ materially from those
reflected in these forward-looking statements. Such statements are
based on current expectations, are subject to a number of
uncertainties and risks, and actual results may differ materially
from those contained in such statements. These uncertainties and
risks include, but are not limited to: the strength of the Canadian
economy; the price of gold; operational, funding, and
liquidity risks; reliance on third parties, exploration risk,
failure to upgrade resources, the degree to which mineral
resource and reserve estimates are reflective of actual
mineral resources and reserves; the degree to which factors which
would make a mineral deposit commercially viable are present, and
the risks and hazards associated with underground operations and
other risks involved in the mineral exploration and development
industry. Risks and uncertainties about Arizona Gold’s business are
more fully discussed in the Company’s disclosure materials,
including its annual information form and MD&A, filed with the
securities regulatory authorities in Canada and available at
www.sedar.com and readers are urged to read these materials.
Arizona Gold assumes no obligation to update any forward-looking
statement or to update the reasons why actual results could differ
from such statements unless required by law.