AMC:CC - InvestorNewsBreaks - Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Releases Results of Kay Mine Project Exploration Drilling
Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF), based in Arizona and focused on copper and gold exploration, is reporting on step-out exploration drilling at its Kay Mine Deposit. According to the announcement, the exploration drilling has intersected a potential new zone of copper-gold-zinc VMS mineralization; the new zone is located 600 meters north along the strike of the Central Target EM anomaly. The company reported that clasts of massive sulphide mineralization have been observed, which can be indicative of primary massive sulphide mineralization. Based on the indications, follow-up drilling is being planned to test for extensions of the mineralization encountered in this hole. In addition, the company is reporting on six additional holes from the Kay Mine Deposit, including both infill and extensional holes. According to the report, Arizona Metals is fully funded to complete the remaining area planned for the phase 2 program at Kay Mine Deposit as well as an additional 76,000 meters in the phase 3 program. “The drill results reported today continue to demonstrate the expansion potential of the Kay Mine Deposit itself, and that it has the potential to be part of a much larger mineralized system,” said Arizona Metals CEO Mark Pais in the press release. “In January, we announced that VMS mineralization had been intersected approximately 300 meters north of the Kay Mine Deposit. At the Central Target, located 500 meters west of the Kay Mine Deposit, all the holes that have intersected the electromagnetic anomaly have encountered anomalous zinc and graphite mineralization. We believe this style of mineralization is consistent with mineralization distal to a primary volcanic hydrothermal vent zone. . . . The presence of this mineralization demonstrates increasing proximity to a hydrothermal vent zone. We view the 600 meters between the Central Target EM anomaly and hole KM-23-105 as highly prospective for massive sulphide mineralization and are planning a number of drill holes to test this area. We are also pleased to report that drilling of the first hole at the Western Target is currently underway, and we are now targeting the second hole in this area. Downhole electromagnetic surveying of the first hole is expected to commence shortly.”
To view the full press release, visit https://ibn.fm/Pauqh
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.” The historic estimate has not been verified as a current mineral resource. 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. For more information about the company, please visit www.ArizonaMetalsCorp.com.
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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