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Arizona Metals Corp’s Kay Mine Drilling Intersects 100.9 m at 2.5% CuEq, 61.4 m at 3.5 g/t AuEq, and 46.2 m at 3.9 g/t AuEq

Drill Results

Arizona Metals Corp’s Kay Mine Drilling Intersects 100.9 m at 2.5% CuEq,

61.4 m at 3.5 g/t AuEq, and 46.2 m at 3.9 g/t AuEq

TORONTO--(BUSINESS WIRE)--July 6, 2022--Arizona Metals Corp. (TSX.V:AMC,

OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce the results of

seventeen recently completed drill holes at its Kay Mine project in Yavapai, County Arizona. An

additional 11 holes are pending.

Marc Pais, CEO, commented “The drill results from the Kay Mine Project released today

continue to demonstrate that the deposit is open for expansion in all directions, with numerous

wide intervals of both high grade gold and copper-rich sulphide mineralization. Hole 57C,

which hit 100.9 m at 2.5% CuEq, has extended the wide hinge zone about 30m north, where it is

also open for further extension at depth.

We have drilled approximately 56,000 meters at Kay to date, with each hole solidifying our

opinion that this is one of the very few large precious-metals rich VMS deposits not yet mined,

and more importantly, is potentially part of a much larger mineralized system that has yet to be

explored. Drilling is currently underway to test the Central Target, located 300 metres west of

Kay, and permitting is in progress for roads and pads to test the Western Target, located 1,000

metres west of Kay.

Drilling Highlights

(Equivalent grades include assumed metallurgical recoveries. See Table 1 for constituent

elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq %

calculations.)

KM-22-57C

• 100.9 m at 2.5% CuEq, incl. 8.5 m at 8.6% CuEq and also 5.3 m at 6.6% CuEq

• This step-out hole to the north was drilled deep into the middle portion of the deposit,

above the 42 series of holes.

• A very thick intercept showing excellent continuity between holes 57B above, 42A

below, and 57 to the south, and extending mineralization about 30 m north of hole

48.Mineralization is open to the north and at depth here.

KM-22-62, 62A, 62B, 62C

• KM-22-62: 46.2 m at 3.9 g/t AuEq, incl. 1.8 m at 17.1 g/t AuEq and 6.8 m at 10.3 g/t

AuEq

• KM-22-62A: 61.4 m at 3.5 g/t AuEq, incl. 9.3 m at 6.7 g/t AuEq and 8.8 m at 5.3 g/t

AuEq

• KM-22-62B: 8.5 m at 2.3% CuEq and 17.6 m at 2.0% CuEq

• KM-22-62C: 16.8 m at 1.7 g/t AuEq and 15.5 m at 2.7% CuEq (incl. 5.3 m at 5.0%

CuEq)

• This series of four holes filled in the broad 110 m by 170 m area in the south-central part

of the deposit, between holes 24, 40, and 60 on the north and holes 9, 10, and 35 on the

south. These holes show excellent continuity of thick mineralization in this area.

KM-22-63

• 0.9 m at 4.8% CuEq

• The deepest intercept in the deposit, about 160 m downdip of KM-21-42C. Although

narrow, the intercept is relatively high in grade, suggesting additional potential at depth.

KM-22-64 through 69

• Holes 64 through 69 tested the downward extension of the North zone drilled in the

Phase 1 program, in the upper northern portions of the deposit. Although the pattern is

not yet clear, several relatively thick intercepts in this area indicate the presence of one or

more thickened fold hinges extending downward from hole 13, to be further delineated

with additional drilling.

• KM-21-64: 8.1 m at 2.0% CuEq. This hole showed significant thicknesses of

mineralization in the 130 m gap between holes 29 and 34.

• KM-21-66: 30.5 m at 1.0% CuEq. This hole demonstrated good continuity between holes

12 to the north and 21A to the south

KM-22-71, 71A

• These two holes stepped out north in the central part of the deposit, extending

considerable thicknesses of mineralization in this direction.

• KM-22-71: 17.3 m at 0.7% CuEq and 10.8 m at 3.3% CuEq (incl. 3.7 m at 6.6% CuEq)

KM-22-72

• 22.6 m at 1.0% CuEq (incl. 2.0 m at 2.8% CuEq)

Fills in mineralization to the south of hole 40 and north of hole 9, demonstrating good continuity

in the southern parts of the deposit just below midway vertically.

Kay Mine Phase 2 Drill Program Update

With the assayed holes released today, the Company has completed a total of 56,000 meters at

the Kay Mine since inception of drilling. The Company is fully-funded to complete the

remaining 19,000 meters planned for the Phase 2 program with the priority focus areas for

upcoming drilling (shown in Figure 5 below), as well as an additional 76,000 meters in the

upcoming Phase 3 program which will be used to test the numerous parallel targets heading West

of Kay and the Northern and Southern Extensions of the Kay Deposit.

Table 1. Results of Phase 2 Drill Program at Kay Mine, Yavapai County, Arizona announced in

this news release.

Analyzed Grade Analyzed Metal

Equivalent

Metal Equivalent Vertical

Depth

Below

Surface

m Hole ID

From

m

To

m

Length

m Cu %

Au

g/t Zn %

Ag

g/t Pb %

Cu

eq %

Au eq

g/t

Zn

eq%

Cu

eq %

Au eq

g/t

Zn

eq%

KM-22-

57C 784.3

885.1 100.9 1.24 1.54 1.56 25.8 0.14 3.02 4.95 7.85 2.54 4.16 6.61 771

including 829.4 837.9 8.5 1.60 7.71 9.04 100.9 0.35 10.66 17.47 27.72 8.62 14.14 22.43

including 852.2 857.6 5.3 6.81 0.10 0.09 23.3 0.02 7.10 11.63 18.46 6.55 10.73 17.03

KM-22-

59A 903.7

905.9 2.1 0.61 0.10 0.65 10.3 0.10 1.02 1.68 2.66 0.92 1.50 2.38 900

KM-22-

61 560.8

580.0 19.2 0.72 0.20 0.69 7.0 0.06 1.18 1.93 3.07 1.05 1.73 2.74 557

KM-22-

62 636.6

682.8 46.2 0.22 1.47 3.22 53.5 0.47 2.89 4.73 7.51 2.37 3.89 6.18 600

including 644.4 646.2 1.8 0.89 4.36 19.26 133.0 0.77 12.18 19.96 31.68 10.41 17.07 27.09

including 650.7 657.5 6.8 0.34 3.21 9.59 145.2 1.79 7.53 12.34 19.59 6.26 10.26 16.29

including 663.2 665.5 2.3 0.53 8.66 7.82 181.6 1.55 10.60 17.38 27.58 8.30 13.61 21.60

KM-22-

62 704.1

706.2 2.1 0.36 2.88 3.33 61.5 0.46 3.99 6.53 10.37 3.18 5.22 8.28 650

KM-22-

62A 582.2

643.6 61.4 0.31 1.27 2.65 40.8 0.58 2.55 4.18 6.64 2.11 3.47 5.50 530

including 593.1 602.4 9.3 1.15 2.29 4.37 52.4 0.91 4.85 7.94 12.60 4.08 6.68 10.60

including 608.9 617.8 8.8 0.20 1.79 4.26 91.2 1.15 3.90 6.40 10.15 3.20 5.25 8.33

including 627.7 630.9 3.2 0.41 7.10 15.01 180.0 2.77 12.56 20.58 32.66 10.31 16.89 26.81

KM-22-

62A 653.8

660.5 6.7 0.26 1.69 2.58 90.4 0.75 3.17 5.19 8.24 2.54 4.17 6.61 564

KM-22-

62B 590.9

599.4 8.5 1.58 0.52 1.13 22.6 0.28 2.57 4.21 6.68 2.27 3.72 5.91 508

KM-22-

62B 606.2

629.0 22.7 0.21 1.21 2.23 24.0 0.29 2.06 3.38 5.37 1.70 2.78 4.42

including 623.8 629.0 5.2 0.21 3.61 6.52 56.6 0.81 5.55 9.09 14.43 4.53 7.42 11.78

KM-22-

62C 613.6

630.3 16.8 0.57 0.40 0.48 20.3 0.11 1.18 1.93 3.07 1.01 1.65 2.62 557

KM-22-

62C 638.3

653.8 15.5 0.25 2.34 3.34 34.7 0.34 3.31 5.43 8.61 2.68 4.39 6.97

including 648.5 653.8 5.3 0.32 4.21 6.57 74.7 0.73 6.18 10.12 16.06 5.00 8.19 13.00

KM-22-

63 982.2

983.1 0.9 3.41 1.23 2.19 47.0 0.24 5.43 8.90 14.12 4.79 7.85 12.45 980

KM-22-

64 317.4

325.5 8.1 1.13 0.09 2.30 14.3 0.08 2.20 3.60 5.72 2.00 3.27 5.20 220

KM-22-

65 334.4

337.1 2.7 1.39 0.06 0.34 7.0 0.03 1.62 2.65 4.21 1.48 2.43 3.86 251

KM-22-

66 384.4

414.8 30.5 1.00 0.11 0.09 3.0 0.01 1.13 1.85 2.94 1.03 1.69 2.68

KM-22-

67 340.2

345.9 5.8 0.38 0.06 0.55 4.4 0.09 0.69 1.12 1.78 0.62 1.02 1.61 264

KM-22-

68 407.2

408.7 1.5 1.71 0.49 0.08 8.4 0.06 2.11 3.46 5.49 1.88 3.08 4.89 358

KM-22-

68 435.9

446.5 10.7 0.54 0.18 0.29 4.3 0.04 0.80 1.31 2.08 0.71 1.17 1.85 377

KM-22-

69 342.0

343.6 1.6 1.19 0.87 0.96 25.7 0.06 2.30 3.78 5.99 1.97 3.24 5.14 260

KM-22-

71 631.2

648.5 17.3 0.53 0.15 0.21 9.6 0.01 0.78 1.28 2.02 0.69 1.12 1.78 590

KM-22-

71 657.8

668.6 10.8 3.18 0.35 0.16 22.6 0.01 3.64 5.96 9.46 3.29 5.40 8.57 611

including 657.8 661.4 3.7 6.75 0.28 0.09 30.9 0.02 7.20 11.81 18.74 6.61 10.83 17.19

KM-22-

71A 554.3

561.4 7.2 0.39 0.22 0.64 10.3 0.22 0.90 1.47 2.34 0.78 1.29 2.04 506

KM-22-

72 637.6

660.2 22.6 0.34 0.38 1.15 12.9 0.27 1.17 1.92 3.05 1.01 1.66 2.63 596

KM-22-

72 669.3

671.3 2.0 0.17 2.15 4.15 23.1 0.56 3.38 5.55 8.80 2.79 4.57 7.25

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/oz Silver, $1.78/lb Zinc,

and $1.02/lb Pb. Assumed metal recoveries (rec.), based on a preliminary review of historic data

by SRK and ProcessIQ1, 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)(72% rec.) + (Silver (g/t) x 0.0079)(72% rec.) + (Zinc (%) x

0.3844)(93% rec.) +(Lead (%) x 0.2203)(93% rec.). The following equation was used to

calculate gold equivalence: AuEq = Gold (g/t)(72% rec.) + (Copper (%) x 1.638)(93% rec.) +

(Silver (g/t) x 0.01291)(72% rec.) + (Zinc (%) x 0.6299)(93% rec.) +(Lead (%) x 0.3609)(93%

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.

Table 2. Full results of Phase 2 Drill Program at Kay Mine, Yavapai County, Arizona.

Analyzed Grade Analyzed Metal

Equivalent

Metal Equivalent Vertical

Depth

Below

Surface

m Hole ID

From

m To

m

Length

m Cu %

Au

g/t Zn %

Ag

g/t Pb %

Cu

eq %

Au eq

g/t

Zn

eq%

Cu

eq %

Au eq

g/t

Zn

eq%

KM-21-

17 429.5

449.9 20.4 1.81 1.10 1.20 21.2 0.17 3.14 5.15 8.18 2.73 4.47 7.10 300

including 429.5 434.0 4.6 4.61 1.73 1.91 29.1 0.24 6.68 10.96 17.39 5.92 9.70 15.39

including 432.7 434.0 1.4 0.52 6.81 8.29 40.0 1.10 8.41 13.79 21.89 6.76 11.09 17.60

KM-21-

17 504.4

505.4 0.9 1.19 4.73 0.05 9.0 0.00 4.17 6.83 10.84 3.20 5.24 8.31 356

KM-21-

18 404.3

429.8 25.5 0.35 0.86 1.71 15.8 0.23 1.71 2.80 4.44 1.43 2.35 3.72 255

including 408.6 410.6 2.0 0.50 2.22 7.25 64.4 0.82 5.33 8.74 13.87 4.51 7.39 11.72

including 424.9 427.3 2.4 1.60 2.59 3.16 18.0 0.52 4.66 7.64 12.12 3.92 6.43 10.21

KM-21-

18A 391.4

423.8 32.5 1.09 0.62 1.25 17.7 0.15 2.13 3.48 5.53 1.85 3.04 4.82 233

including 393.3 395.8 2.4 9.57 2.83 2.72 40.9 0.28 12.73 20.87 33.12 11.36 18.63 29.56

KM-21-

19 377.8

378.3 0.5 3.39 5.59 6.83 128.0 0.63 10.58 17.34 27.52 8.81 14.44 22.92 337

KM-21-

20 442.7

443.6 0.9 2.56 0.52 3.52 18.5 0.14 4.40 7.22 11.45 3.98 6.52 10.34 362

KM-21-

20 456.0

458.1 2.1 1.49 0.35 0.14 6.0 0.04 1.81 2.97 4.71 1.63 2.66 4.23 370

KM-21-

21 452.6

495.5 42.8 0.80 0.78 1.52 15.1 0.15 2.01 3.29 5.22 1.73 2.83 4.49 362

including 488.7 493.5 4.8 0.26 2.50 6.13 27.6 0.54 4.48 7.34 11.65 3.74 6.13 9.73

KM-21-

21A 422.0

431.4 9.4 1.17 0.57 2.25 8.6 0.36 2.53 4.15 6.58 2.25 3.68 5.85 362

KM-21-

21A 439.1

502.1 63.0 0.45 1.28 3.14 58.8 0.77 3.08 5.04 8.00 2.57 4.21 6.67 366

including 465.0 481.9 16.9 0.52 2.45 4.05 80.9 0.99 4.43 7.26 11.53 3.62 5.94 9.42

KM-21-

23 394.4

401.4 7.0 0.36 0.93 1.94 13.5 1.17 2.05 3.35 5.32 1.73 2.84 4.51 313

KM-21-

23 438.6

459.2 20.6 0.17 1.18 1.93 27.8 0.37 1.94 3.17 5.03 1.58 2.59 4.11 336

KM-21-

24 501.2

592.1 90.8 0.45 1.33 3.42 44.6 0.41 3.02 4.95 7.86 2.53 4.15 6.59 470

including 501.2 521.7 20.4 1.34 1.70 6.35 113.1 0.66 5.86 9.60 15.24 4.99 8.18 12.99

including 520.9 521.7 0.8 1.75 16.50 9.55 574.0 1.22 20.31 33.29 52.82 15.57 25.52 40.50

including 575.9 592.1 16.2 0.16 2.50 6.00 44.4 0.79 4.51 7.40 11.74 3.75 6.14 9.74

including 588.7 590.4 1.7 0.47 9.98 23.70 18.2 0.13 15.84 25.96 41.20 13.21 21.65 34.36

KM-21-

25 662.6

741.3 78.6 1.41 2.33 2.79 43.4 0.35 4.33 7.10 11.26 3.61 5.92 9.40 638

including 663.2 672.7 9.4 8.06 1.84 1.31 92.3 0.15 10.45 17.13 27.18 9.30 15.24 24.19

including 693.0 703.9 11.0 0.68 6.28 10.40 99.7 1.17 9.56 15.66 24.86 7.79 12.77 20.27

KM-21-

25A 654.7

719.9 65.2 1.04 1.94 2.15 18.9 0.18 3.25 5.32 8.44 2.71 4.43 7.04 624

including 655.5 662.8 7.3 3.66 2.09 1.85 30.2 0.21 5.93 9.73 15.44 5.17 8.47 13.44

including 710.8 716.9 6.1 2.72 7.95 3.73 37.4 0.31 9.37 15.36 24.38 7.52 12.33 19.56

KM-21-

25B 647.2

648.9 1.7 0.13 0.58 2.41 62.1 0.64 2.04 3.35 5.31 1.70 2.79 4.42 610

KM-21-

25B 655.6

659.9 4.3 0.93 0.91 0.91 25.3 0.19 2.07 3.40 5.40 1.75 2.88 4.56 615

KM-21-

25B 666.0

667.8 1.8 0.60 0.72 2.98 33.5 0.43 2.55 4.18 6.63 2.20 3.61 5.72 620

KM-21-

25B 673.3

674.7 1.4 0.08 2.10 2.39 23.0 0.33 2.53 4.15 6.58 2.01 3.29 5.23 628

KM-21-

25B 681.2

682.6 1.4 0.09 1.54 2.98 11.0 0.35 2.34 3.83 6.08 1.93 3.16 5.01 631

KM-21-

26 506.7

582.8 76.0 0.79 1.61 4.23 32.7 0.54 3.78 6.19 9.83 3.21 5.27 8.36 480

including 511.1 526.1 14.9 0.73 1.78 9.68 43.3 0.77 6.05 9.92 15.74 5.26 8.63 13.69

including 573.8 582.8 9.0 4.02 6.06 3.32 18.2 0.19 9.18 15.04 23.87 7.64 12.52 19.87

KM-21-

27 706.8

738.2 31.4 1.58 0.16 0.69 9.0 0.06 2.03 3.33 5.28 1.85 3.03 4.80 700

KM-21-

27 764.4

777.4 13.0 2.85 0.48 0.17 8.5 0.02 3.29 5.39 8.55 2.97 4.87 7.73 775

KM-21-

27A 666.3

769.4 103.1 0.79 1.06 1.90 35.8 0.42 2.54 4.17 6.62 2.15 3.52 5.59 678

including 666.3 687.0 20.7 3.21 1.39 1.26 19.4 0.20 4.74 7.77 12.33 4.18 6.84 10.86

including 706.4 724.6 18.3 0.69 2.69 4.70 92.2 1.21 5.13 8.41 13.35 4.22 6.91 10.97

including 752.9 763.8 11.0 0.07 1.07 4.68 95.3 0.98 3.49 5.73 9.09 2.92 4.78 7.59

KM-21-

27B 665.8

762.9 97.1 1.31 1.62 3.21 31.7 0.40 3.88 6.35 10.08 3.31 5.42 8.61 660

including 702.0 723.0 21.0 0.87 4.56 9.03 81.5 1.10 8.01 13.13 20.83 6.63 10.87 17.25

including 723.0 738.2 15.2 4.97 0.36 0.42 18.7 0.05 5.51 9.03 14.33 5.04 8.26 13.11

KM-21-

28 640.7

694.9 54.3 1.87 2.85 5.03 29.4 0.70 5.93 9.72 15.43 5.04 8.26 13.12 584

including 660.2 671.6 11.4 0.54 4.29 9.30 32.2 1.17 7.24 11.87 18.84 6.04 9.89 15.70

including 681.1 689.0 7.9 4.39 9.47 10.34 93.1 2.41 15.42 25.27 40.10 12.80 20.98 33.29

including 690.4 692.6 2.2 16.06 0.82 0.06 55.8 0.01 17.02 27.90 44.28 15.62 25.61 40.64

KM-21-

29 393.0

393.8 0.8 0.43 1.54 4.92 9.0 0.21 3.38 5.54 8.79 2.89 4.74 7.53 235

KM-21-

30 264.9

267.9 3.0 1.18 0.02 0.01 1.5 0.00 1.21 1.98 3.15 1.12 1.83 2.91 240

KM-21-

32 316.4

320.0 3.7 1.84 1.29 2.47 38.5 0.30 3.95 6.47 10.27 3.41 5.60 8.88 185

KM-21-

32 342.9

345.9 3.0 0.67 0.52 2.70 13.0 0.15 2.16 3.54 5.62 1.90 3.12 4.95 190

KM-21-

32 358.9

368.4 9.4 0.60 1.47 1.99 45.7 0.35 2.70 4.42 7.01 2.22 3.63 5.76 195

KM-21-

33 171.3

172.5 1.2 3.79 0.45 0.21 63.0 0.17 4.69 7.68 12.19 4.19 6.86 10.89 150

KM-21-

34 299.3

303.9 4.6 0.29 1.69 0.94 46.3 0.26 2.12 3.47 5.50 1.65 2.70 4.29 205

KM-21-

34 309.7

310.9 1.2 2.27 0.56 1.55 19.9 0.08 3.38 5.54 8.80 3.03 4.96 7.87 210

KM-21-

35 609.6

615.1 5.5 0.92 1.26 1.71 57.7 0.02 2.80 4.60 7.29 2.33 3.82 6.06 550

including 609.6 613.0 3.4 1.39 1.69 1.98 54.0 0.01 3.61 5.92 9.40 3.03 4.96 7.87

KM-21-

38 406.5

407.8 1.4 0.60 1.08 9.41 4.0 0.25 4.96 8.13 12.90 4.42 7.24 11.49 345

KM-21-

38 467.4

476.1 8.7 0.09 1.73 3.87 61.1 1.22 3.38 5.55 8.80 2.78 4.56 7.23 370

including 470.0 475.2 5.2 0.12 2.44 5.68 87.5 1.79 4.88 8.01 12.71 4.02 6.59 10.46

KM-21-

40 589.8

613.8 24.0 4.98 0.61 0.98 23.4 0.45 6.01 9.86 15.65 5.46 8.95 14.21 550

including 589.8 597.9 8.1 7.63 0.43 0.39 27.1 0.17 8.30 13.60 21.58 7.61 12.47 19.78

KM-21-

40 627.9

680.8 52.9 0.47 2.91 3.40 35.7 0.40 3.93 6.44 10.22 3.17 5.20 8.25 590

including 641.1 648.3 7.2 1.15 7.66 8.27 88.5 0.92 9.90 16.23 25.76 7.95 13.03 20.68

including 670.3 674.1 3.8 1.53 10.89 9.47 24.6 0.61 12.15 19.91 31.59 9.69 15.88 25.19

KM-21-

41 462.6

559.3 96.7 1.04 1.54 2.66 40.8 0.35 3.41 5.59 8.86 2.87 4.71 7.47 420

including 503.2 514.2 11.0 0.99 5.34 8.17 106.3 1.63 8.59 14.08 22.35 7.02 11.51 18.26

including 546.7 558.1 11.4 5.86 5.83 3.24 185.4 0.04 12.14 19.90 31.58 10.15 16.64 26.40

including 553.1 556.9 3.8 7.11 9.55 5.70 505.8 0.09 19.16 31.41 49.84 15.62 25.59 40.62

KM-21-

42 803.5

810.3 6.9 0.05 1.60 1.58 64.3 0.35 2.22 3.64 5.78 1.73 2.83 4.49 800

KM-21-

42 835.5

839.7 4.3 0.63 2.46 2.15 21.7 0.21 3.18 5.20 8.26 2.56 4.20 6.67 816

KM-21-

42 853.7

854.7 0.9 0.11 1.63 2.88 28.0 0.40 2.52 4.13 6.55 2.05 3.37 5.34 846

KM-21-

42A 786.7

787.6 0.9 0.03 3.61 2.18 17.0 0.70 3.36 5.51 8.74 2.58 4.22 6.70 781

KM-21-

42A 805.4

811.1 5.6 6.17 0.92 0.18 39.5 0.01 7.12 11.68 18.53 6.43 10.54 16.72 802

including 807.0 808.9 2.0 10.72 0.87 0.11 61.8 0.00 11.79 19.32 30.66 10.74 17.60 27.93

KM-21-

42A 840.9

877.2 36.3 0.55 0.62 1.35 10.7 0.13 1.56 2.56 4.06 1.34 2.20 3.49 848

KM-21-

42B 808.0

811.2 3.2 0.29 2.06 5.77 63.0 0.94 4.47 7.33 11.63 3.74 6.13 9.72 790

KM-21-

42B 816.9

819.9 3.0 2.31 0.66 1.23 16.0 0.15 3.35 5.49 8.71 2.99 4.90 7.77 810

KM-21-

42B 835.5

840.8 5.3 0.02 0.73 2.93 13.5 0.24 1.75 2.87 4.56 1.49 2.45 3.88 828

KM-21-

42C 849.2

877.4 28.2 3.81 0.47 0.29 12.5 0.09 4.32 7.08 11.24 3.93 6.44 10.23 850

including 849.2 854.7 5.5 14.57 0.66 0.16 37.5 0.03 15.34 25.14 39.89 14.11 23.12 36.70

including 863.8 869.4 5.6 2.29 1.17 0.59 13.1 0.25 3.39 5.55 8.81 2.96 4.85 7.70

including 874.8 877.4 2.6 2.83 0.26 0.03 7.2 0.01 3.06 5.02 7.96 2.80 4.59 7.28

KM-21-

42C 886.1

889.1 3.0 0.87 0.88 0.50 5.2 0.05 1.65 2.71 4.30 1.40 2.30 3.65 855

KM-21-

43 583.7

607.1 23.4 0.39 0.25 3.68 3.1 0.02 1.98 3.25 5.15 1.79 2.93 4.65 586

including 598.9 599.8 0.9 0.50 0.18 11.30 3.0 0.03 4.99 8.17 12.97 4.56 7.48 11.87

KM-21-

43 616.0

633.1 17.1 1.81 0.17 0.14 8.2 0.03 2.04 3.34 5.31 1.86 3.05 4.84 616

including 631.2 633.1 1.8 6.30 0.61 0.09 25.0 0.01 6.91 11.32 17.97 6.30 10.32 16.38

KM-21-

44 353.4

377.3 23.9 0.34 0.97 2.52 18.3 0.33 2.12 3.47 5.50 1.79 2.93 4.65 185

including 354.0 356.6 2.6 0.23 2.14 7.97 38.9 0.68 5.06 8.29 13.15 4.30 7.05 11.19

KM-21-

45 459.6

463.0 3.4 0.32 0.62 6.63 82.3 0.87 4.10 6.71 10.65 3.55 5.82 9.24 459

including 461.2 462.1 0.9 0.15 1.23 16.90 182.0 2.50 9.39 15.38 24.41 8.17 13.39 21.26

KM-21-

46 350.4

362.9 12.4 0.66 2.61 3.69 40.6 0.39 4.08 6.69 10.61 3.34 5.48 8.70 157

including 350.4 353.3 2.8 0.77 5.19 6.83 107.0 0.72 7.58 12.42 19.70 6.11 10.01 15.88

Table 2 Continued:

Analyzed Grade Analyzed Metal

Equivalent

Metal Equivalent Vertical

Depth

Below

Surface

m Hole ID

From

m To

m

Length

m Cu % Au g/t Zn %

Ag

g/t Pb %

Cu

eq %

Au eq

g/t

Zn

eq%

Cu

eq %

Au eq

g/t

Zn

eq%

KM-21-

47 433.9

435.9 2.0 0.16 1.88 9.28 138.7 2.17 6.46 10.58 16.79 5.46 8.95 14.20 432

KM-21-

48 605.2

610.7 5.5 3.54 0.45 0.19 12.7 0.05 4.00 6.55 10.40 3.63 5.95 9.45 606

KM-21-

48 630.3

634.6 4.3 1.11 0.34 0.69 12.7 0.11 1.71 2.80 4.45 1.52 2.49 3.95 631

KM-21-

48 685.5

696.8 11.3 0.98 0.05 0.06 4.2 0.02 1.07 1.75 2.77 0.98 1.60 2.54 686

KM-21-

48 715.1

718.4 3.4 2.08 0.04 0.03 4.3 0.01 2.15 3.52 5.59 1.98 3.25 5.16 716

KM-21-

48 723.0

724.5 1.5 1.54 0.07 0.06 4.0 0.02 1.64 2.68 4.26 1.51 2.47 3.92 724

KM-21-

48 735.5

743.6 8.1 0.34 0.60 1.52 9.2 0.07 1.38 2.26 3.59 1.18 1.93 3.06 737

KM-21-

48A 538.0

539.5 1.5 0.31 1.17 2.79 29.0 0.52 2.44 4.01 6.36 2.05 3.35 5.32 538

KM-21-

48A 687.9

696.9 9.0 1.64 0.36 0.79 7.9 0.01 2.23 3.66 5.80 2.01 3.29 5.22 688

including 687.9 688.8 0.9 0.15 1.53 5.35 5.0 0.01 3.18 5.21 8.27 2.71 4.45 7.06

including 694.9 696.0 1.1 8.36 0.80 0.10 40.0 0.03 9.21 15.10 23.96 8.39 13.75 21.81

KM-21-

50 489.5

501.9 12.3 0.98 2.30 6.36 111.9 1.24 5.99 9.81 15.57 5.02 8.24 13.07 481

including 489.5 493.0 3.4 2.64 3.59 9.49 207.7 1.65 10.49 17.20 27.30 8.86 14.52 23.05

KM-21-

50 509.0

562.1 53.1 0.44 0.84 1.28 35.8 0.27 1.79 2.93 4.65 1.48 2.42 3.84 501

including 538.1 545.6 7.5 0.28 1.94 2.62 112.8 0.82 3.55 5.81 9.23 2.82 4.63 7.34

KM-21-

51B 860.5

870.2 9.8 3.00 0.13 0.10 6.5 0.05 3.18 5.21 8.27 2.93 4.80 7.62

including 864.7 865.6 0.9 8.70 0.09 0.09 16.0 0.10 8.93 14.64 23.24 8.27 13.55 21.51

KM-21-

51B 881.5

884.2 2.7 0.52 0.22 0.62 28.3 0.14 1.15 1.88 2.98 0.99 1.61 2.56

KM-21-

51B 893.7

903.4 9.8 1.51 0.10 0.06 4.4 0.01 1.63 2.67 4.24 1.49 2.45 3.89

including 898.2 899.3 1.1 6.56 0.11 0.10 15.0 0.04 6.79 11.13 17.67 6.28 10.29 16.32

KM-21-

52 751.5

758.2 6.7 1.18 0.66 0.98 18.2 0.14 2.14 3.50 5.56 1.86 3.05 4.84 743

KM-21-

52 787.5

789.6 2.1 0.04 1.27 1.68 28.5 0.22 1.73 2.84 4.50 1.38 2.25 3.58 777

KM-21-

52A 763.7

793.1 29.4 0.25 1.12 1.36 51.6 0.47 1.97 3.22 5.11 1.58 2.58 4.10 750

including 763.7 764.9 1.2 0.38 3.01 8.69 132.0 1.68 6.97 11.43 18.13 5.80 9.50 15.08

including 771.8 774.5 2.7 1.39 2.46 4.59 116.4 1.82 5.98 9.81 15.56 5.00 8.19 12.99

including 781.5 787.6 6.1 0.31 2.63 1.64 119.5 0.65 3.64 5.97 9.47 2.81 4.60 7.30