- Mineral-rich Arizona has been attracting settlement and economic expansion since its inauguration in 1912
- Arizona hosts 992 valid mineral species, more future discoveries expected
- Arizona Metals Corp. fully owns two mining projects in Arizona, including The Kay Mine copper-gold Project located in Yavapai County and the Sugarloaf Peak gold project in La Paz County
For more than 200 years, mineral-rich Arizona has been a driving force for settlement and economic expansion. Hard-rock mining first began in the region during the mid-1850s and continues today with roughly 433 mines, according to a 2021 report by The Arizona Geological Survey (https://ibn.fm/ZV3wk).
Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company, continues the tradition by advancing precious and base metal deposits in the state with its Kay Mine Project located in Yavapai County and the Sugarloaf Peak gold project in La Paz County.
The International Mineralogical Association recognizes over 6,000 mineral species based on crystal structure and chemical composition (https://ibn.fm/VYukG). Arizona hosts 992 valid mineral species, with more discoveries expected in the future. Notable historical mines in the state included the Christmas Mine, with over 80 minerals, the copper-producing Bagdad Mine, and the Iron Cap Mine, which produced silver, lead, and zinc until 1949.
Arizona Metals aims to tap into the state’s rich mining history with its Kay Mine and Sugarloaf Peak projects. The company’s Kay Mine property totals 1,330 acres that are not subject to any royalties. According to a historic estimate by Exxon Minerals in 1982, the project has a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 grams per ton gold, 3.03% zinc, and 55 grams per ton silver.” Significant data compilation, 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. Arizona Metals has completed more than 230,000 feet of drilling at the Kay Mine Project since 2020, and in November 2022, initiated the Phase 3 drill program of 250,000 feet at a budget of US$23 million. The focus of the Phase 3 program will be to drill the numerous historically untested drill targets that surround the Kay Deposit, with the goal of making new copper-gold discoveries. Expansion drilling will also continue at the Kay Deposit.
The company’s Sugarloaf Peak Property in La Paz County has a historic estimate of “100 million tons containing 1.5 million ounces (of) gold” at a grade of 0.5 grams per ton, as reported by Westworld Resources in 1983. Like the company’s Kay Mine property, the historic estimate for its Sugarloaf Peak Property has not been verified as a current mineral resource and none of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Before the historic estimate can be verified and upgraded to a current mineral resource, 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.
Based in Toronto, Canada, Arizona Metals Corp. owns 100% of the Kay Mine Property in Yavapai County and 100% of the Sugarloaf Peak Property in La Paz County. Both projects have excellent infrastructure, including roads, water access, and power. As of Sept 30, 2022, the company had US$42 million in cash to complete Phase 2 and begin Phase 3 drilling at the Kay Mine in November 2022.
For more information, visit the company’s website at www.ArizonaMetalsCorp.com.
Full Disclosure: Arizona Metals Corp. is an InvestorBrandNetwork marketing client.
NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://ibn.fm/AZMCF
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