Announcement Date: 2022-03-23
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Arizona Metals Corp.
Project name: Kay Mine
Location: United States
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 68.4m @ 1.3% Cu, 3.42g/t Au, 3.85% Zn, 47.2g/t Ag, 0.5% Pb from 614.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO–(BUSINESS WIRE)–March 23, 2022–Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce the results of six recently completed drill holes at its Kay Mine project in Yavapai, County Arizona. An additional 20 holes are pending, with three drill rigs turning 24 hours per day. With the assayed holes released today, the Company has completed a total of 45,000 meters at the Kay Mine since inception of drilling. The Company is fully-funded to complete the remaining 30,000 meters planned for the Phase 2 program, as well as an additional 76,000 meters in the upcoming Phase 3 program. Table 1. Results of Phase 2 Drill Program at Kay Mine, Yavapai County, Arizona announced in this news release. The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 80%. (2) Assumptions used in USD for the copper and gold Metal Equivalent calculations were metal prices of $4.63/lb Copper, $1937/oz Gold, $25/oz Silver, $1.78/lb Zinc, and $1.02/lb Pb. Assumed metal recoveries (rec.), based on a preliminary review of historic data by SRK and ProcessIQ1 , were 90% for each of copper, zinc, and lead, and 60% for each of gold and silver. The following equation was used to calculate
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