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Arizona Metals Announces Receipt of Permit for Additional Drill Pads 500 metres West of Kay Deposit to Test Central Target
TORONTO / Jun 22, 2022 / Business Wire / Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce that it has re
About this update from Arizona Metals Corp
[{"type":"text","content":"TORONTO / Jun 22, 2022 / Business Wire / Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce that it has received permit approval from the Bureau of Land Management (“BLM”) for two new drill pads, located approximately 500 m west of the Kay Mine deposit (pads C1 and C2 in Figure 1 below). These new pads will allow for testing of the Central Target from the west, while also allowing for drilling of additional coincident anomalies located between the Central and Western Targets. The Central and Western targets were previously defined based on coincident structural, geochemical, and geophysical anomalies. The Company has planned an initial program at the Central Target of up to 20 holes totaling 11,000 m, starting at pad 7. The third hole from pad 7 is currently underway. A bond in the amount of US$23,878 for pads C1 and C2 will be posted with the Bureau of Land Management this week. Construction of the pads and drill roads will begin on confirmation of bond acceptance, estimated to occur in August 2022. An additional permit modification for drilling at the Western Target is underway, to be submitted this month. Marc Pais, CEO, commented “We are very pleased to announce the receipt of a permit for 2 new drill pads, C1 and C2, located approximately 500 m west of the Kay Mine Deposit. These pads will allow testing of Central target from its western side, and also testing of the areas between the Central and Western Targets. Pad 7 was successfully permitted and constructed, and drilling to test the Central target from the east is currently underway. Drill holes from pads 7, C1, and C2 will all target areas previously untested by drilling, but that have many of the same characteristics we see at the Kay Mine deposit. This drilling is part of the larger, fully-funded Phase 3 program, which will total at least 76,000 m and cover the western extent of the Kay Mine Project. Two drill rigs continue to turn at the Kay Deposit, with concurrent goals of discovery and resource definition. The Company is fully-funded to continue drilling at Kay, while also undertaking the first detailed exploration of the Central and Western Targets in the known history of the property.” The Company has completed a total of 61,000 meters at the Kay Mine since inception of drilling. The Company is fully-funded ...