Arizona Sonoran Announces Acquisition of Land and Completes Rezoning MainSpring
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Map of the
Highlights
- MainSpring final rezoning complete and land title in hand
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A new special land use permit on the Southeast corner of Cactus has been granted from the
Arizona State Lands Department (“ASLD”)
MainSpring Update
Land title for the 523-acre MainSpring Property was transferred to ASCU, following a payment to the former landowner of
The Company is currently infill drilling the near surface mineralization at MainSpring, extending immediately south of the 2.9 billion pound @ 1.0% Cut M&I Parks/Salyer deposit.
Section 2 Special Land Use Permit
The Section 2 special land use permit allows ASCU the ability to use the surface of the 339 acre property to accommodate future mine infrastructure. The permit is rented by ASLD to ASCU, although ASCU has submitted a purchase application to the ASLD to own the surface rights 100%.
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Figure 1: https://arizonasonoran.com/projects/cactus-mine-project/press-release-images/
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About
ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus Mine Projects 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
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.
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647-233-4348
adwoskin@arizonasonoran.com
416-723-0458
gogilvie@arizonasonoran.com
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