Announcement Date: 2022-05-02
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Arizona Sonoran Copper Company Inc.
Project name: Cactus
Location: United States
Commodities: Copper
Highlight: Drilling results incl. 61.23m @ 1.28% Cu from 0.00m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Casa Grande, AZ and Toronto, ON, May 2, 2022 – Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, announces results from 25 drill holes (30,926 ft | 9,426 m), from its now complete Cactus Prefeasibility Study (“PFS”) infill drilling program (see FIGURES & PHOTOS 1 – 8 and TABLE 1 below). The PFS drilling program tightened the drill spacing within the entire integrated Preliminary Economic Assessment (“PEA”) mine plan, including Cactus East and West and the Stockpile, with the intent of upgrading the Inferred mineral resources to Indicated mineral resources. As a result of tighter drill spacing, data shows an improved resolution of lithological, structural, and mineral zonation controls. Additionally, drilling to support further metallurgical and geotechnical test work was undertaken. The PFS is expected to be complete by late summer 2022 and will include an updated mineral resource estimate. The PFS-level drilling reduced drill spacing to 250 ft within the PEA mine plan and 200 ft within the Stockpile. Drills focused in the north, south and northwest region of the open pit as well as the Cactus East underground. The total program consisted of 79,175 ft (24,133 m) of drilling, with indications that mineralization remains open to the north
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