Business
Arizona Metals Commences Drilling at the Western Target
TORONTO / Feb 15, 2023 / Business Wire / Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) announces that it has completed constru
About this update from Arizona Metals Corp
[{"type":"text","content":"TORONTO / Feb 15, 2023 / Business Wire / Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) announces that it has completed construction of the road to the first of two drill pads which will be used to test the Western Target (pads W1 and W2 in Figure 1) at the Company’s Kay Mine Project. These new pads will allow for testing of the Western Target, 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, stratigraphic, geochemical, and geophysical anomalies (through extensive geologic mapping, sampling, and electromagnetic and gravity surveys). Marc Pais, CEO, commented, “We are pleased to announce the completion of road construction to the Western Target drill pads, and that the first hole to test this large coincident EM-geochemical-gravity anomaly is now underway. While this target is located only 1,200m west of our Kay Mine Deposit, the drilling started this week will be the first to test this area in the history of the property. The Company will continue infill and exploration drilling at the Kay Mine Deposit, while also undertaking the first detailed exploration of the Central and Western Targets in the known history of the property.” Central Target Update The Central Target graphite horizon (Figures 2 and 3) is thought to be a structural repetition of the Kay Mine Deposit horizon. The graphite horizon drilled to date at the Central Target has anomalous base metals throughout, demonstrating the potential to host stratiform mineralization north of pad C1 and south of pad C2. Upcoming planned drill holes will test these areas. Arizona Metals is fully-funded (with $58 million in cash at Sept 30, 2022) to complete the remaining 5,000 meters planned for the Phase 2 program at Kay (budgeted at $2.1 million), as well as an additional 76,000 meters in the Phase 3 program (budgeted at $32 million), which will be used to test the numerous parallel targets heading west of the Kay Mine Deposit, as well as possible northern and southern extensions of the Kay Mine Deposit. 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 ...