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Arizona Sonoran Copper Announces 2023 Work Plan
CASA GRANDE, Ariz. & TORONTO / Jan 10, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today annou
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Jan 10, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces its 2023 work plan for the Cactus Property, inclusive of the Cactus and Parks/Salyer (“P/S”) Projects. All work streams this year will feed into the planned Prefeasibility Study (“PFS”) due in 4Q23/1Q24, and includes drilling, metallurgy, detailed engineering, permitting and technical studies, along with continued efforts to build the onsite operations and technical team. 2023 Work Plan Highlights The PFS is expected in 4Q23/1Q24 following the completion of infill, metallurgical, hydrological and geotechnical drilling as well as trade-off and gap analyses Drilling Programs targeting oxide and enriched copper mineralization Complete 105,000 ft (32,000 m) infill drilling program on Parks/Salyer (Q1 2023) Complete 90,000 ft (27,000 m) infill drilling program at the Cactus East and Parks/Salyer projects (Q2-Q4 2023) a requirement for Definitive Feasibility Study (“DFS”) in 2024 Begin small exploration program along the 4 km mine trend (Q1-Q3 2023) Metallurgy Testing programs for the PFS and Definitive Feasibility Study (“DFS”) level includes at least 12 columns, 20 ft (6 m) in height and composed of material from the Stockpile, Parks/Salyer and Cactus deposits, separated into different rock type, copper grades and mineralogy 5 additional columns, 30 ft (9 m) in height are scheduled to be constructed and online within Q1 2023 Program completion anticipated in Q3 2023 Permitting Complete permitting of Cactus based on the 2021 Cactus Preliminary Economic Assessment (“PEA”) Primary Sulphide Upside Ongoing column testing the leachability of the primary sulphide material at Cactus and Parks/Salyer The full impact of the success of the Nuton technologies in relation to Cactus and Parks/Salyer and/or integration within a technical study remains under consideration and will be determined by the output of the technical work and commercial arrangements to be reached Potential to infill drill the primary sulphide material at Cactus, related to the Nuton technologies requirements George Ogilvie, ASCU President and CEO commented, “This past year was pivotal as we developed Cactus and demonstrated scalability through the addition of the Parks/Salyer deposit which grew our Cactus pr...