Arizona Metals Arizona Metals Announces Appointment of Pamela Saxton to Board of Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay Mineralized Horizon 280 m North of Previous Drilling /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR RELEASE,
Arizona Metals Arizona Metals Announces Appointment of Pamela Saxton to Board of
Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay
Mineralized Horizon 280 m North of Previous Drilling
/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/
Toronto, September 15, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the
“Company” or “ Arizona Metals”) is pleased to announce that Pamela L. Saxton has agreed to
join its board of directors (the “Board”), with her appointment to take effect on September 17,
2025.
Ms. Saxton brings more than 35 years of senior leadership and board experience in the mining and
natural resources sectors. She currently serves on the boards of Bunker Hill Mining Corporation
and Rare Element Resources Ltd. and has previously served as a director of Aquila Resources Inc.
and Pershing Gold Corporation. Her executive management experience includes serving as
Executive Vice President and Chief Financial Officer of Thompson Creek Metals Company, CFO
of NewWest Gold Corporation, and Vice President of Finance fo r Franco -Nevada’s U.S.
Operations. Trained as an accountant with Arthur Andersen & Company, Ms. Saxton has a proven
record of financial governance, capital markets expertise, and value creation within the U.S.
mining sector. She holds a B.Sc. in Accounting from the University of Colorado, Boulder, and is
based in Denver, Colorado.
Ms. Saxton is being appointed to the Board to fill a vacancy created by the departure of three of
the Company’s independent directors. Michael Pilmer, Katherine Arnold, and Rosa Espinoza have
each tendered their resignation from the Company’s Board of Directors to be effective September
17, 2025. Mr. Pilmer, Ms. Arnold and Ms. Espinoza were not re -elected by shareholders of the
Corporation at the annual meeting of shareholders of the Company which concluded on June 26,
2025 ( the “Shareholder Meet ing”), however, as permitted by Canada Business Corporations
Act,each graciously agreed to remain on the Board for a period following the Shareholder Meeting
in order to facilitate an orderly transition and good corporate governance while the Company
searched for and identified a qualified and suitable replacement director candidate. Arizona Metals
wishes to thank Mr. Pilmer, Ms. Arnold, and Ms. Espinoza for their significant contributions and
dedicated service to the Company.
Duncan Middlemiss, President and CEO of Arizona Metals commented: “On behalf of the
Company and the Board, I am very pleased to welcome Pam Saxton as an independent director.
Pam’s extensive financial leadership and board experience in the mining sector will provide
valuable insight and strengthen our governance as we adv ance our projects. I would also like to
sincerely thank Mike, Katherine, and Rosa for their important contributions and commitment
during their tenure with Arizona Metals.”
Drill Results
Arizona Metals is also pleased to announce assay results from one drill hole in the Kay2 Zone and
four drill holes on the Kay North Extension at the Kay project in Arizona.
In the Kay2 Zone within the Kay Deposit, KM-25-177A intersected 4.3 m @ 2.6% CuEq (Table
1, Figure 1). This extends mineralization 280 m below the previous deepest drill intercept on the
property (KM -24-173, 2.4 m @ 2.7% CuEq) , and brings the total down-dip length of drilled
mineralization on the project to approximately 1,350 m.
Drilling along the Kay North Extension target has extended drilled mineralization approximately
440 m to the north , demonstrating continuity of the Kay mineralized horizon in this direction
(Table 1, Figure 2, Figure 3). Results from this drilling include 0.6 m @ 4.8% CuEq in KM -25-
185 and 0.3 m @ 3.2% CuEq. Although narrow, these and other intercepts shown in Table 1
demonstrate a consistent horizon of mineralization stretching north from the Kay Deposit.
Additional holes in this area intersected anomalous Cu, Zn, and Au along this same horizon and
several other parallel horizons.
Duncan Middlemiss, President and CEO of the Company, comments: “We are excited that these
new drill results demonstrate depth potential in the Kay Deposit as well as on -strike potential to
the north. Both are encouraging for expansion of the Kay Deposit and for our exploration efforts
on targets outside the currently known Kay Deposit.”
Additionally, 5,000 m of reverse circulation drilling is planned at the Company’s Sugarloaf Peak
Gold Project (the “Sugarloaf Peak Project”) in La Paz County, Arizona. Drilling and road
contractors have been chosen for the project and road crews have been mobilized . The geology
team is ready and drilling is expected to begin in mid-September.
As previously stated, the Company is executing on all of its previously-stated goals for 2025 and
looks forward to continuing the development of the Company’s strong assets.
Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona announced in this news release.
Analyzed Grade
Analyzed Metal
Equivalent
Metal Equivalent
Hole ID
From
m To m
Length
m
Cu
%
Au
g/t
Zn
%
Ag
g/t
Pb
%
CuEq
%
AuEq
g/t
ZnEq
%
CuEq
%
AuEq
g/t
ZnEq
%
KM-25-177A 1393.2 1397.5 4.3 2.73 0.05 0.11 4.1 0.00 2.84 4.66 7.39 2.63 4.31 6.83
KM-25-182 no significant assays
KM-25-183 232.6 233.5 0.9 0.57 0.10 0.02 6.0 0.01 0.69 1.13 1.80 0.62 1.01 1.61
KM-25-184 no significant assays
KM-25-185 257.3 257.9 0.6 4.98 0.08 0.05 13.0 0.01 5.15 8.44 13.39 4.76 7.80 12.37
KM-25-186 772.1 773.3 1.2 0.85 0.03 0.21 3.0 0.02 0.98 1.61 2.56 0.90 1.48 2.35
KM-25-187 288.0 288.3 0.3 3.29 0.04 0.01 11.0 0.02 3.41 5.59 8.87 3.15 5.16 8.19
KM-25-188 no significant assays
The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 76%. (2) Assumptions used in USD for
the copper and gold metal equivalent calculations were metal prices of $4.63/lb Copper, $1937/oz Gold, $25 .20/oz Silver, $1.78/lb Zinc, and
$1.02/lb Pb. Metal Equivalent calculations used assumed metal recoveries, based on a preliminary review of historic data by SRK and ProcessIQ,
were 93% for copper, 92% for zinc, 90% for lead, 72% silver, and 70% for gold. The following equation was used to calculate copper equivalence:
CuEq = Copper (%) (93% rec.) + (Gold (g/t) x 0.61)(70% rec.) + (Silver (g/t) x 0.0079)(72% rec.) + (Zinc (%) x 0.3844)(92% rec.) + (Lead (%) x
0.2203)(90% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (g/t)(70% rec.) + (Copper (%) x 1.638)(93% rec.)
+ (Silver (g/t) x 0.01291)(72% rec.) + (Zinc (%) x 0.6299)(92% rec.) +(Lead (%) x 0.3609)(90% rec.). Analyzed metal equivalent calculations are
reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after
accounting for assumed recoveries.
Figure 1. Oblique section of the Kay Deposit looking northeast, displaying the new drill hole reported in this release.
See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1
for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq %
calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.
Figure 2. Plan map of the Kay North Extension target, displaying the new drill hole reported in this release. See
Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for
constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations.
Analyzed Metal Equivalent calculations are reported for illustrative purposes only.
Figure 3. Cross section looking north at the Kay North Extension target, showing relative positions of intercepts in
drill holes KM-25-183, 185, and 186. See Table 1 for additional details. The true width of mineralization in this area
is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used
for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes
only.
About Arizona Metals Corp
Arizona Metals Corp owns 100% of the Kay Mine Project in Yavapai County, which is located on
1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject
to any royalties. The Kay Mine Project is a steeply dipping VMS deposit that has been defined
from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.
The Kay project contains a current mineral resource estimate (MRE) of 9.28 million tonnes grading
1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86
million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred
category, at a base -case cut-off grade of 1.00 % CuEq. Copper equivalent MRE grades are 9.28
million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq
in the Inferred category.
The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located
on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a
historic estimate of “100 million tons containing 1.5 million ounces gold” at a grade of 0.5 g/t
(Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf
Peak Project, Quartzsite, Arizona: Report for Westworld Inc.)
The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983.
The historic estimate has not been verified as a current mineral resource. None of the key
assumptions, parameters, and methods used to prepare the historic estimate were reported, and no
resource categories were used. Significant data compilation, re-drilling and data verification may
be required by a Qualified Person before the historic estimate can be verified and upgraded to a
current mineral resource. A Qualified Person has not done sufficient work to classify it as a current
mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral
resource.
Qualified Person and Quality Assurance/Quality Control
All of Arizona Metals’ drill sample assay results have been independently monitored through a
quality assurance/quality control (“QA/QC”) protocol which includes the insertion of blind
standard reference materials and blanks at regular intervals. Logging and sampling were completed
at Arizona Metals’ core handling facilities located in Phoenix and Black Canyon City, Arizona.
Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS
Laboratories’ (“ALS”) sample preparation facility in Tucson, Arizona. Sample pulps were sent to
ALS’s labs in Vancouver, Canada, and Reno, Nevada, for analysis.
Gold content was determined by fire assay of a 30 -gram charge with ICP finish (ALS method
Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four -acid digestion
(ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore -
grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively.
ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver and Reno facilities
are ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the
accuracy and integrity of results. Parameters for ALS’ internal and Arizona Metals’ external blind
quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of
any drilling, sampling, recovery, or other factors that could materially affect the accuracy or
reliability of the data referred to herein.
The qualified person who reviewed and approved the technical disclosure in this release is David
Smith, CPG, a qualified person as defined in National Instrument43-101 – Standards of Disclosure
for Mineral Projects . Mr. Smith supervised the preparation of the scientific and technical
information that forms the basis for this news release and has reviewed and approved the disclosure
herein. Mr. Smith is the Vice -President, Exploration of the Company. Mr. Smith supervised the
drill program and verified the d ata disclosed, including sampling, analytical and QA/QC data,
underlying the technical information in this news release, including reviewing the reports of ALS,
methodologies, results, and all procedures undertaken for quality assurance and quality control in
a manner consistent with industry practice, and all matters were consistent and accurate according
to his professional judgement. There were no limitations on the verification process.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking information” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities
legislation. All statements, other than statements of historical fact, are forward-looking statements
and are based on expectations, estimates and projections as at the date of this news release. Any
statement that discusses predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always using phrases such as “expects”,
or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”,
“scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and
phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or
“will” be taken to occur or be achieved) are not statements of historical fact and may be forward-
looking statements. Forward-looking statements contained in this press release include, without
limitation, statements regarding the appointment of a new independent director and the
resignation of directors of the Company; statements regarding the expansion potential of the Kay
Project, statements regarding drill results and future drilling of the Kay2 Zone , the main Kay
deposit and expansion drilling targets on the Kay Project , statements regarding Kay2 Zone
mineralization, statements regarding Kay2 Zone mineralization and the contribution of the Kay2
Zone mineralization to the mineral resource estimate for the Kay deposit, and the mineral resource
estimate being completed in H1 2025 or at all, statements regarding drilling and other exploration
activity on the Sugarloaf Peak Gold Projec t, statements regarding completion of a PEA in H2
2025 or at all, statements regarding execution of the Company’s plans for 2025 and the
achievement of targeted milestones.. In making the forward- looking statements contained in this
press release, the Company has made certain assumptions. Although the Company believes that
the expectations reflected in forward-looking statements are reasonable, it can give no assurance
that the expectations of any forward -looking statements will prove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such forward-looking statements.
Such factors include, but are not limited to: availability of the Company to stay well funded; delay
or failure to receive required permits or regulatory approvals; and general business, economic,
competitive, political and social uncertainties. Accordingly, readers should not place undue
reliance on the forward-looking statements and information contained in this press release. Except
as required by law, the Company disclaims any intention and assumes no obligation to update or
revise any forward -looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward -
looking statements or otherwise.
Cautionary Note regarding Mineral Resource Estimates
Until mineral deposits are actually mined and processed, Mineral Resources must be considered
as estimates only. Mineral Resource Estimates that are not Mineral Reserves have not
demonstrated economic viability. The estimation of Mineral Resources is inher ently uncertain,
involves subjective judgement about many relevant factors and may be materially affected by,
among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or
other relevant risks, uncertainties, conting encies and other factors described in the Company's
public disclosure available on SEDAR+ at www.sedarplus.ca. The Inferred Mineral Resource in
this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource
and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the
Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued
exploration. The accuracy of any Mineral Resource Estimates is a function of the quantity and
quality of available data, and of the assumptions made and judgments used in engineering and
geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon
the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate.
Mineral Resource Estimates may have to be re-estimated based on, among other things: (i)
fluctuations in mineral prices; (i i) results of drilling, and development; (iii) results of future test
mining and other testing; (iv) metallurgical testing and other studies; (v) results of geological and
structural modeling including block model design; (vi) proposed mining operations, i ncluding
dilution; (vii) the evaluation of future mine plans subsequent to the date of any estimates; and (viii)
the possible failure to receive required permits, licenses and other approvals. It cannot be assumed
that all or any part of a "Inferred" or "Indicated" Mineral Resource Estimate will ever be upgraded
to a higher category. The Mineral Resource Estimates disclosed in this news release were reported
using Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral
Resources and Mineral Reserves (the "CIM Standards") in accordance with National Instrument
43-101- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators
("NI 43-101").
Cautionary Statements to U.S. Readers
This news release uses the terms "Mineral Resource", "Indicated Mineral Resource" and "Inferred
Mineral Resource" as defined in the CIM Standards in accordance with NI 43 -101. While these
terms are recognized and required by the Canadian Securities Administrators in accordance with
Canadian securi ties laws, they may not be recognized by the United States Securities and
Exchange Commission. The "Mineral Resource" Estimates and related information in this news
release may not be comparable to similar information made public by U.S. companies subject to
the reporting and disclosure requirements under the United States federal securities laws and the
rules and regulations
THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information, please contact:
Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
or
Duncan Middlemiss
President and CEO