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Arizona Sonoran Copper Files Technical Report Relating to Parks/Salyer Resource
CASA GRANDE, Ariz. & TORONTO / Nov 10, 2022 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) announces f
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Nov 10, 2022 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) announces further to its press release dated September 28, 2022, it has filed the technical report in connection with the Parks/Salyer (“P/S”) Mineral Resource Estimate (“MRE”) on SEDAR. The technical report is titled Mineral Resource Estimate and Technical Report (the “Technical Report”) and covers both the Parks/Salyer and Cactus project, each 100%-owned and situated on private land in Pinal County, Arizona. George Ogilvie, Arizona Sonoran President and CEO commented, “The Technical Report, inclusive of the Parks/Salyer resource, now demonstrates size and scale in a top tier location and within a prolific porphyry trend. Our teams have made significant progress at site and are now executing the detailed engineering work programs to produce a combined Parks/Salyer and Cactus Prefeasibility Study.” Table 1: Total Cactus and Parks/Salyer Mineral Resource Estimate Category and Type Tons (kt) CuT (%) Tsol (%) Contained Cu (mm lbs) Contained Tons (kt) Indicated Resource Total Leachable 73,900 – 0.723 1,065,200 534 Total Indicated 151,800 0.531 1,610,700 806 Inferred Resource Total Leachable 310,400 – 0.59 3,663,700 1,832 Total Inferred 449,900 0.544 4,894,200 2,447 Table 2: Parks/Salyer Mineral Resource Estimate Category and Type Tons (kt) CuT (%) Tsol (%) Contained Cu (mm lbs) Contained Tons (kt) Inferred Resource Leachable 115,400 – 1.066 2,461 1,230 Primary 28,300 0.804 – 454 228 Total Inferred 143,600 1.015 – 2,915 1,458 Notes to Tables 1 and 2: 1. CuT means total copper and TSol means total soluble copper as the addition of sequential acid soluble and sequential cyanide soluble copper assays. Tons are reported as short tons. 2. Cactus East and West resources have an effective date of 01 March 2021, the Stockpile Resource have an effective date of 04 April 2021, and use a copper price of US$3.15/lb. The assumptions in respect of the Cactus and Stockpile Resource estimates are as stated in the PEA titled \"Arizona Sonoran Copper Company, Inc. Cactus Project, Arizona, USA Preliminary Economic Assessment\" with an effective date of...