Arizona Metals Announces Appointment of Pamela Saxton to Board of Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay Mineralized Horizon 280 m North of Previous Drilling
/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
Drill Results
In the
Drilling along the Kay North Extension target has extended drilled mineralization approximately 440 m to the north, demonstrating continuity of the Kay mineralized horizon in this direction (Table 1, Figure 2, Figure 3). Results from this drilling include 0.6 m @ 4.8% CuEq in KM-25-185 and 0.3 m @ 3.2% CuEq. Although narrow, these and other intercepts shown in Table 1 demonstrate a consistent horizon of mineralization stretching north from the Kay Deposit. Additional holes in this area intersected anomalous Cu, Zn, and Au along this same horizon and several other parallel horizons.
Additionally, 5,000 m of reverse circulation drilling is planned at the
As previously stated, the Company is executing on all of its previously-stated goals for 2025 and looks forward to continuing the development of the Company's strong assets.
Table 1. Results of Phase 3 Drill Program at the
|
|
|
|
Analyzed Grade |
Analyzed Metal |
Metal Equivalent |
||||||||
Hole ID |
From |
To m |
Length |
Cu |
Au |
Zn |
Ag |
Pb |
CuEq |
AuEq |
ZnEq |
CuEq |
AuEq |
ZnEq |
KM-25-177A |
1393.2 |
1397.5 |
4.3 |
2.73 |
0.05 |
0.11 |
4.1 |
0.00 |
2.84 |
4.66 |
7.39 |
2.63 |
4.31 |
6.83 |
KM-25-182 |
no significant assays |
|
|
|
|
|
|
|
|
|
|
|
||
KM-25-183 |
232.6 |
233.5 |
0.9 |
0.57 |
0.10 |
0.02 |
6.0 |
0.01 |
0.69 |
1.13 |
1.80 |
0.62 |
1.01 |
1.61 |
KM-25-184 |
no significant assays |
|
|
|
|
|
|
|
|
|
|
|
||
KM-25-185 |
257.3 |
257.9 |
0.6 |
4.98 |
0.08 |
0.05 |
13.0 |
0.01 |
5.15 |
8.44 |
13.39 |
4.76 |
7.80 |
12.37 |
KM-25-186 |
772.1 |
773.3 |
1.2 |
0.85 |
0.03 |
0.21 |
3.0 |
0.02 |
0.98 |
1.61 |
2.56 |
0.90 |
1.48 |
2.35 |
KM-25-187 |
288.0 |
288.3 |
0.3 |
3.29 |
0.04 |
0.01 |
11.0 |
0.02 |
3.41 |
5.59 |
8.87 |
3.15 |
5.16 |
8.19 |
KM-25-188 |
no significant assays |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
About
The Kay project contains a current mineral resource estimate (MRE) of 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred category, at a base-case cut-off grade of 1.00 % CuEq. Copper equivalent MRE grades are 9.28 million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq in the Inferred category.
The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project 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, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential,
The historic estimate at the
Qualified Person and Quality Assurance/Quality Control
All of
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.
The qualified person who reviewed and approved the technical disclosure in this release is
Cautionary Note Regarding Forward-Looking Statements
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 the appointment of a new independent director and the resignation of directors of the Company; statements regarding the expansion potential of the
Cautionary Note regarding Mineral Resource Estimates
Until mineral deposits are actually mined and processed, Mineral Resources must be considered as estimates only. Mineral Resource Estimates that are not Mineral Reserves have not demonstrated economic viability. The estimation of Mineral Resources is inherently uncertain, involves subjective judgement about many relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant risks, uncertainties, contingencies and other factors described in the Company's public disclosure available on SEDAR+ at www.sedarplus.ca. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration. The accuracy of any Mineral Resource Estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource Estimates may have to be re-estimated based on, among other things: (i) fluctuations in mineral prices; (ii) results of drilling, and development; (iii) results of future test mining and other testing; (iv) metallurgical testing and other studies; (v) results of geological and structural modeling including block model design; (vi) proposed mining operations, including dilution; (vii) the evaluation of future mine plans subsequent to the date of any estimates; and (viii) the possible failure to receive required permits, licenses and other approvals. It cannot be assumed that all or any part of a "Inferred" or "Indicated" Mineral Resource Estimate will ever be upgraded to a higher category. The Mineral Resource Estimates disclosed in this news release were reported using
Cautionary Statements to
This news release uses the terms "Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" as defined in the CIM Standards in accordance with NI 43-101. While these terms are recognized and required by the Canadian Securities Administrators in accordance with Canadian securities laws, they may not be recognized by the
THE
SOURCE