Business
Arizona Sonoran Copper Begins Exploration Drilling at Parks/Salyer
CASA GRANDE, Ariz. & TORONTO / Nov 22, 2021 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based cop
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Nov 22, 2021 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, has begun its initial 6 hole (3,658 m | 12,000 ft) drilling campaign at the Parks/Salyer property in Arizona. Located 1.3 miles down trend to the southwest from the Cactus Project on private land, the Company’s 100%-owned Parks/Salyer Project demonstrates the same geological characteristics as the Cactus Project. Parks/Salyer is part of the same high grade porphyry copper system as the Cactus Project and is also located within a northwest trending horst block of bedrock covered by later conglomerates. Existing supporting data at Parks/Salyer includes an IP survey, historic IP anomalies, historic drilling, an ionic leach program diamond drill data as noted below. Drilling Highlights (please see TABLE 1 below for full set of drilling results and FIGURES 1-3) 2020 ASCU drilling ECP-018: 126.8 m (416 ft) of 0.69% TCu of Enriched mineralization ECP-019: 47.9 m (157 ft) of 1.44% TCu of Enriched mineralization Historic ASARCO drilling S-200: 67.1 m (220 ft) of 0.88% Cu of Enriched mineralization S-201: 33.2 m (109 ft) of 0.86% Cu of Enriched mineralization George Ogilvie, Arizona Sonoran President and CEO stated, “We are very excited to be commencing our 2022 exploration program for Parks/Salyer. The current PEA and mineral resource estimate do not account for any mineralization outside of the Cactus deposits or the Stockpile. We have historic drilling indicating potentially significant mineralization of the same style and nature as in the Cactus Deposits, only 2 km from a Project with an existing 18 year mine life. Importantly, we see the mineralization improving as we move further north on Parks/Salyer. Exploration success at Parks/Salyer will help us add to the forecast production base at the Cactus Project in the longer term and develop a scalable operation.” The property is located on contiguous Company-owned land next to the Cactus Project. This provides the Company the opportunity to grow access to further copper resources, resulting in potential increase in mine life at the Cactus Project and leverage off planned Cactus Project infrastructure and equipment. The current campaign envisages an initial 6-hole exploration program whic...