Arizona Metals Corp Reports New Drilling Results at Kay Deposit
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TORONTO, Feb. 5, 2025 /CNW/ – Arizona Metals Corp. AMC, AZMCF (the “Company” or “Arizona Metals”) has released promising drilling results from two areas: the Kay2 Zone and the West target at the Kay deposit in Arizona. In the Kay2 Zone, drill hole KM-24-173 encountered mineralization 450 m down from the earlier hole KM-24-166, marking a significant depth achievement. The results for KM-24-173 showed 2.4 m @ 2.7% CuEq (Table 1). This new mineralization area, known as the Kay2 Zone, lies about 100 m north of prior drilling activity in the Kay deposit.
Duncan Middlemiss, President and CEO of Arizona Metals, remarked: “This significant down-dip stepout in the Kay2 Zone is quite encouraging, confirming mineralization nearly half a kilometer below our top intercept in drill hole 166. We currently have two drill rigs operating at greater depths to explore the vertical extent of both the Kay2 Zone and the main Kay deposit. So far, we have drilled a total of 6,300 m in the Kay2 Zone, with plans to add 4,400 meters of drilling in Q1 of 2025. The new findings from the Kay2 Zone are expected to be included in the forthcoming mineral resource estimate for the Kay deposit, which is scheduled for H1 2025.”
The ongoing deep drilling program aims to create primary holes from which multiple branch holes will test the full extent of the Kay2 Zone and the deeper Kay deposit mineralization. Notably, drill hole KM-24-170A, situated 160 m down-dip from hole 166, did not yield significant results. This is a common occurrence in deformed volcanogenic massive sulfide deposits, where mineralization can vary in size and distribution. Additionally, the West target area saw positive results with holes KM-24-172 and KM-24-174 both intersecting areas indicative of copper (Cu), gold (Au), and zinc (Zn) mineralization. To date, Arizona Metals has completed a total of 127,000 meters of drilling on the property.
Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona, announced in this news release.
|
Analyzed Grade |
Analyzed Metal |
Metal Equivalent |
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|
Hole ID |
From |
To m |
Length |
Cu |
Au |
Zn |
Ag |
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Results from Latest Assay Tests Raise Interest in Mining Sector
Overview of Recent Assay Results
Detailed assays from three recent drill holes, KM-24-170A, KM-24-172, and KM-24-173, provide insight into the mineral content in the targeted areas. While the first two boreholes yielded no significant assay values, KM-24-173 showcased promising results.
Hole KM-24-170A and KM-24-172 Show No Significant Findings
| Assay Type | KM-24-170A | KM-24-172 |
| Pb % | no significant assays | no significant assays |
| CuEq % | no significant assays | no significant assays |
| AuEq g/t | no significant assays | no significant assays |
| ZnEq % | no significant assays | no significant assays |
KM-24-173 Delivers Encouraging Results
Unlike the previous drill holes, KM-24-173 produced valuable assays that suggest the presence of profitable minerals. The significant numbers are highlighted below:
| Assay Type | KM-24-173 |
| Pb % | 1142.5 |
| CuEq % | 2.83 |
| AuEq g/t | 0.03 |
| ZnEq % | 3.5 |
Looking Ahead
The findings from KM-24-173 may stimulate further exploration in the area. Mining companies frequently assess assay results to determine the potential profitability of their operations, and these results could influence future drilling programs.
Investors and analysts will undoubtedly monitor developments closely, reflecting the ongoing excitement within the mining sector as companies seek to capitalize on potential discoveries.
Arizona Metals Corp Unveils New Drilling Data at Kay Project
Key Findings and Historical Context
Arizona Metals Corp recently announced updated drilling results at its Kay Project located in Yavapai County. The information provides insights into mineralization and potential resource estimates, keeping in mind the historical findings from previous studies.
Drilling Results Show Promising Mineralization
The latest drilling results included various recorded metrics, with a notable measurement representing a thickness estimation of mineralization. According to the company’s recent report, the true width of mineralization is anticipated to be between 50% and 99% of the core width, averaging at 76%. The analysis reflects the work of historic data reviews conducted by experts at SRK Consulting and ProcessIQ.
Current Metal Pricing and Recovery Assumptions
Calculations for metal equivalents derive from the following market prices: Copper at $4.63 per pound, Gold at $1937 per ounce, Silver at $25.20 per ounce, Zinc at $1.78 per pound, and Lead at $1.02 per pound. The assumed recovery percentages used in these calculations are 93% for copper, 92% for zinc, 90% for lead, 72% for silver, and 70% for gold. The formulas for calculating copper and gold equivalence are also established and detailed from prior analyses.
Understanding the Kay Project’s Historical Significance
Arizona Metals wholly owns the Kay Project’s 1,669 acres, a land rich in mining potential characterized by both patented and BLM claims, along with private lands free from royalties. Notably, a past estimate from 1982 by Exxon Minerals indicated a “proven and probable reserve of 6.4 million short tons” with specific grades of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver. However, this historical estimate has yet to be verified as a current mineral resource, necessitating further investigation by a Qualified Person before it can be reclassified to reflect today’s standards.
Next Steps for Arizona Metals Corp
Despite promising indications based on historical data, Arizona Metals acknowledges that significant work, including data compilation and verification through re-drilling, is essential to validate these early estimates. Until then, the historic estimates remain unverified, and the company does not currently treat them as resources.
Overall, while the Kay Mine exhibits potential based on previous findings, the next phase for Arizona Metals involves thorough exploration to establish a reliable resource classification. Such diligence reflects industry best practices and the company’s commitment to responsible mining.
Image Reference: For references and visual details on the drill holes reported, see the released imagery accompanying this report.
Arizona Metals Reports Significant Resources at Kay Project and Sugarloaf Peak
Expansion Potential: Kay Project Holds Promising Estimates
Arizona Metals Corp. has announced resource estimates for its Kay Project, revealing an estimated resource of between 60 million to 900 million tons, with opportunities for further expansion both at strike and depth.
Ownership of Sugarloaf Peak Property
The Company also owns the Sugarloaf Peak Property in La Paz County, encompassing 4,400 acres of BLM claims. This site features a heap-leach, open-pit target and historically estimated resources of “100 million tons containing 1.5 million ounces of gold,” averaging a grade of 0.5 g/t according to a 1983 report by N.E. Dausinger (Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Quartzsite, Arizona: Report for Westworld Inc.).
Historic Estimates Under Review
It’s important to note that the historic estimates reported by Westworld Resources in 1983 have not yet been verified as current mineral resources. The original estimates lack detailed assumptions, parameters, and classification categories. A Qualified Person will need to conduct significant data compilation, re-drilling, and verification before any upgrade to current resources can occur. For clarity, Arizona Metals does not treat these historic estimates as current resources.
Quality Assurance and Qualified Oversight
All of Arizona Metals’ drill sample assay results undergo comprehensive monitoring through a rigorous quality assurance/quality control (“QA/QC”) protocol. This includes inserting blind standard reference materials and blanks at regular intervals in accordance with industry standards. Sampling and logging processes are conducted at facilities in Phoenix and Black Canyon City, Arizona. The drill core is diamond-sawn on-site, with half samples transported to ALS Laboratories’ preparation facility in Tucson, Arizona. Analytical samples are analyzed at ALS’s laboratories in Vancouver, Canada and Reno, Nevada.
Gold content is measured using fire assay on a 30-gram sample with ICP finish, with additional elements processed by ICP methods involving four-acid digestion. Over-limit samples for gold, silver, copper, and zinc are analyzed through ore-grade procedures.
As an independent entity, ALS Laboratories holds ISO 17025 accreditation for its Vancouver and Reno facilities. They also perform their own internal QA/QC procedures to ensure result accuracy. Both ALS and Arizona Metals have confirmed that quality control parameters meet acceptable standards for analyzed samples.
Qualified Person’s Review
The technical details provided in this announcement have been reviewed and approved by David Smith, CPG, the Vice-President of Exploration for Arizona Metals. Mr. Smith has supervised the scientific and technical data that support this release, including an evaluation of sampling, analytical, and QA/QC results, consistent with professional industry practices. No limitations on the verification process were reported.
Disclaimer Regarding Forward-Looking Statements
This press release includes forward-looking information about Arizona Metals Corp., framed as statements of expectations, estimates, and projections. Such statements may relate to predictions about the Kay Project’s expansion potential, drilling results, future drilling phases, and estimated resources completion expected in H1 2025. These forward-looking statements hinge on certain assumptions and are subject to known and unknown risks that might impact actual outcomes, including funding availability and necessary permits. Readers are advised against placing undue reliance on these statements. Arizona Metals does not plan to update or revise forward-looking statements, except as required by law.
THE TORONTO STOCK EXCHANGE NEITHER REVIEWS NOR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information, visit www.arizonametalscorp.com or follow them on https://x.com/ArizonaCorp.
SOURCE: Arizona Metals Corp.
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