Business
Arizona Sonoran Copper Drills 595 ft (181.4 m) of 1.29% CuT at Parks/Salyer and Increases Existing Private Land Package
CASA GRANDE, Ariz. & TORONTO / Feb 10, 2022 / 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 / Feb 10, 2022 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, is pleased to announce assay results from the first 2 drill holes in a 12-hole program at the P/S Project. Drill hole ECP-045 extends and improves known mineralization to the northeast by 600 ft (183 m) and to within 150 ft (45 m) of the recently leased land (as noted below). Mineralization is expected to strengthen as it continues along the mine trend and into the newly leased area. Strike of the P/S Project mineralized system now totals at least 1,900 ft (579 m) with a strong grade profile (see FIGURES 1-7). Additionally, ASCU has entered into an agreement to lease 158 acres of State Lands between the immediate boundaries of the Cactus Project and Parks/Salyer. The total land position of the combined Cactus and the P/S Project now totals 4,846 acres and provides continuity of the entire 2.5 mi (4 km) mine trend extending from Parks/Salyer to the NE Extension (see FIGURE 7). George Ogilvie, Arizona Sonoran President and CEO stated, “These exciting drill results represent only some of the large-scale exploration upside outside of the Cactus Project. We note the drill results at P/S illustrate a very similar footprint to Cactus East, with grades in excess of 1% and good thicknesses. In particular, the drilling is demonstrating a system which is strengthening to the north and northeast towards Cactus along the mine trend. The Exploration Target at P/S is focused on extending mine life and building scalability of leachable material at the Cactus Project. Concurrent with the Cactus Feasibility drilling, our team will continue to drill the P/S Project with the aim of declaring maiden mineral resources at the P/S Project later this year. The team is currently running both programs with three drills onsite. He continued, “As the drilling programs build on the district scale potential of the property, we have scope for further exploration at the NE Extension at Cactus. Current programs at Cactus, P/S and the NE Extension only focus on the leachable material, with known primary sulphide sitting below. The potential for significant primary material at the base of the Cactus pit and along the mine trend itself, remains untested and supports ...