Arizona Metals Corp Announces Metallurgical Drill Program at its Sugarloaf Peak Project in La Paz County, Arizona
Arizona
in La Pa
TORONT
Metals”)
at its Sug
sent to K
testing o
Minerals
determin
Another
untested
higher g r
identified
planned h
The geo p
chargeab
sulfide m
quartz. T
Figure 1.
chargeabili
interpreted
Metals Cor
az County, A
TO, June 15
is pleased t
garloaf Peak
Kappes Cas s
of gold rec o
in Reno,
ne trace-elem
two cored d
geophysical
rade “feeder
d at surfac e
holes are det
physical ta r
bility and hi g
minerals suc
The mineraliz
Sugarloaf Pea k
ity and high r e
d from resistivit
rp Announc
Arizona
5, 2020 – Ari
to announce
k Project in L
siday and A
overies by l e
Nevada fo r
ment levels an
rill holes wi
l target (Fi g
r” zone, tha t
e in the his
tailed in Tab
rget is base
gh resistivit
h as pyrite,
zation identi
k cross sectio n
esistivity geoph
ty.
ces Metallur
izona Metal
that on July
La Paz Coun
Associates o f
eaching of
r gold assa y
nd hydrother
ll be extende
gure 1) that
t could be t
toric estim a
ble 1 below.
d on induc e
y. Chargea b
and resisti v
ified to date
n looking nor t
hysical anoma
rgical Drill
s Corp. (TSX
y 6th, 2020 it
nty, Arizona
f Reno, Ne v
oxide mate r
y, multi-el e
rmal alterati
ed to depths
the Comp a
the source o
ate. The lo c
ed polariza t
bility high a
vity highs m
at Sugarloaf
thwest, displa y
lies located di r
Program at
X.V:AMC)
t will comm
. Drill core f
vada, to un d
rial. Sampl e
ement testi n
ion variation
s of 450 m an
any believe s
of the disse m
cations, dip s
tion (IP) d a
anomalies o f
may indicat e
f contains bo
ying historic d
rectly below th
t its Sugarlo
(the “Comp
mence a 1,30
from two 15
dergo bottle -
es will also
ng, and spe
ns.
nd 550 m to
s has the p o
minated oxi d
s, and azi m
ata showing
ften indicat e
e alteration
oth pyrite an
drill holes an d
he historic esti
oaf Peak Pr
any” or “Ar
0m drill pro
50m holes w
-roll and c o
be sent to
ctral analy s
intersect a l
otential to h
de minerali z
muths of the
coincident
e the prese n
minerals su
nd quartz.
d coincident h
imate, and stru
1
roject
izona
ogram
will be
olumn
ALS
sis to
large,
host a
zation
four
high
nce of
ch as
igh IP
uctures
Table 1. S
Marc Pai
high-grad
significan
initial me
that Suga
also be te
we believ
2012, but
Sugarloa
P
L
H
0
H
O
M
re
About A
Arizona M
on a co m
royalties
of 6.4 mi
The hist o
estimate
paramete
categorie
required
current m
current m
mineral r
The Kay
least 900
Hole ID
SP‐20‐01
SP‐20‐02
SP‐20‐03
SP‐20‐04
Total
ugarloaf plan
is, CEO of A
de Kay Mi n
nt unrecog n
etallurgical
arloaf has t h
esting a larg
ve has the po
t never drill
af Peak Hig
roject is 100
Located on 4,
Historic estim
.5 g/t (Dausi
Heap-leach, o
Open for expa
Metallurgical
ecoveries of
Arizona Met
Metals Corp
mbination of
. An historic
illion short t
oric estimat e
has not be
ers, and me t
es were use d
by a Qualifi
mineral res o
mineral reso
resource.
Mine is a st
0 m. It is ope
Pad Ea s
C
B
V
E
nned drill hole
Arizona Met
ne VMS pr
nized value i
testing comp
he characteri
ge IP geophy
otential to ho
tested.”
ghlights
0% owned by
,400 acres of
mate of “100
inger, 1983,
open-pit targ
ansion at dep
l testing (bot
up to 73% (
tals Corp
p owns 100%
f patented a n
c estimate by
tons at a gr a
e at the Ka y
en verified
thods used t
d. Signific
fied Person b
ource. A Q u
urce, and A
teeply dippin
n for expans
st (NAD83) N o
747630
747680
747880
747600
locations and
als Corp., co
oject, wher e
in the Suga r
pleted by K
istics require
ysical target
ost higher gr
y Arizona M
f BLM claim
0 million ton
Westworld
get that starts
pth and on s
ttle roll) by K
(inline with h
% of the Kay
nd BLM cl a
y Exxon Min
ade of 2.2%
y Mine was
as a curre n
to prepare t h
ant data co m
before the hi
ualified Pers
Arizona Met a
ng VMS dep
sion on strik
orth (NAD83)
3725020
3725022
3725300
3724920
d orientations
ommented, “
e we have
rloaf Projec t
Kinross in 2 0
ed of a viab l
located abou
rade “feeder”
Metals Corp.
ms in mining
ns containing
Resources).
s at surface a
strike
Kinross (200
heap-leach m
y Mine Prope
aims totaling
erals in 1982
copper, 2.8
reported b y
nt mineral r e
he historic e
mpilation, r
istoric estim
on has not
als is not tr e
posit that has
e and at dep
Elevation
38
38
37
38
“While our p
two drills t
t. We will f
009 and Ag n
le heap-leac
ut 300m bel
” zones. The
with no futu
g-friendly La
g 1.5 million
and is tabula
09) and Agni
mines curren
erty in Yava
g 1,300 acr e
2 reported a
g/t gold, 3.0
y Exxon M i
esource. N o
estimate we r
re-drilling a n
mate can be v
done suffic i
eating the h
s been define
pth.
Depth (ft)
87 500
88 500
75 1500
88 1800
4,300
primary focu
turning, we
first follow
nico in 201 3
ch mining op
ow the histo
e IP targets w
ure payments
a Paz County
n ounces gol
ar with no dip
ico (2013) a
ntly in operat
apai County,
es that are n
“proven and
03% zinc, a
inerals in 1 9
one of the k
re reported,
nd data ve r
verified and
ient work t o
historic esti m
ed from a de
Depth (m) A z
152
152
457
549
1,311
us remains o
believe th e
up on pro m
3, to demon
peration. We
oric estimate
were identifi
s
y, Arizona
ld”* at a gra
p
achieved gold
tion)
, which is lo
not subject t o
d probable re
and 55 g/t si l
982. The hi s
key assump t
and no res o
rification m a
upgraded to
o classify i t
mate as a c u
epth of 60 m
z Dip
180
0
0
54
2
on the
ere is
mising
strate
e will
e, that
fied in
ade of
d
ocated
o any
eserve
lver.”
storic
tions,
ource
ay be
o be a
t as a
urrent
m to at
‐45
‐70
‐90
‐57
The Com
on 4,400
of “100 m
Westwor
*The his
1983. Th
assumpti
no resour
may be r
to a curre
current m
mineral r
The Qu a
David Sm
This pr e
(collectiv
securities
looking s
news rele
objective
“expects
“budget”
words an
“might”
be forw a
include, w
COVID-1
looking s
Although
reasonab
prove to
the actua
forward-
delay o r
economic
undue r e
release.
obligatio
as a re s
affecting
NEITHER
ACCEPT
Not for d
dissemin
mpany also ow
acres of BLM
million tons
rld Resource
toric estima
he historic es
ons, parame
rce categorie
required by a
ent mineral r
mineral reso
resource.
alified Pers o
mith, CPG.
ess releas e
vely, “forw a
s legislatio n
statements an
ease. Any s t
es, assumptio
”, or “does n
”, “schedule
nd phrases o
or “will” be
ard-looking
without limi
19 pandemic
statements c
h the Compa
ble, it can giv
be correct. K
al results a n
looking state
r failure to
c, competitiv
eliance on
Except as r
on to update
sult of new
such forwar
R THE TSX
TS RESPONS
distribution t
nation direct
wns 100% o
M claims. Su
containing
es).
ate at the Su g
stimate has n
eters, and m
es were used
a Qualified P
resource. A
urce, and A
on who rev i
e contains
ard-looking
n, All state m
nd are based
tatement tha
ons, future ev
not expect”,
ed”, “forec a
or stating tha
e taken to oc
statements.
itation, state
c on the bu s
ontained in
ny believes t
ve no assura
Known and u
nd future ev e
ements. Such
receive req u
ve, political
the forwar d
required b y
or revise a n
information
rd- looking s
X VENTURE
SIBILITY FO
to US newsw
tly, or indire
f the Sugarlo
ugarloaf is a
1.5 million
garloaf Peak
not been ver
methods used
d. Significa
Person befor
Qualified P
Arizona Met a
iewed and a
statements
statements”
ments, othe r
d on expecta
at discusses p
vents or perf
“is expected
asts”, “esti m
at certain ac
ccur or be ac
Forward-lo
ments regar
siness and o
this press r e
that the expe
ance that the
unknown ris
ents to diffe r
h factors incl
uired perm i
and social u
d-looking st a
y law, the C
ny forward-
n, future e v
statements o
EXCHANGE
OR THE AD
wire service
ectly, in who
oaf Peak Pro
heap-leach,
ounces gold
k Property w
rified as a c u
d to prepare
ant data com
re the histor
erson has no
als is not tr e
approved th e
that con s
”) within th e
r than stat e
ations, estima
predictions,
formance (of
d”, “anticip
mates”, “bel i
tions, events
chieved) are
ooking stat e
rding the res
operations of
elease, the C
ectations ref
e expectation
sks, uncertai
r materially f
lude, but are
its or regul a
uncertainties
atements a n
Company d i
looking stat
vents, chan g
r otherwise.
E (NOR ITS
DEQUACY O
es or for rele
ole or in part
operty, in La
open-pit targ
d” at a grade
was reported
urrent miner
the historic
mpilation, re-
ric estimate c
ot done suffi
eating the h
e technical
stitute “fo r
e meaning
ements of h
ates and pro
expectation
ften but not a
pates” or “do
ieves” or “i n
s or results “
not statemen
ements con t
sumption of d
of the Comp a
Company ha
flected in for
ns of any for
inties, and ot
from those e
e not limited
atory appr o
s. According
nd informa t
isclaims an y
tements to r e
ges in assu m
S REGULAT
OR ACCURA
ease, publica
t, in or into t
Paz County
get and has a
e of 0.5 g/t (
d by Westw o
ral resource.
estimate we
-drilling and
can be verifi
ficient work
historic esti m
disclosure i
rward-lookin
of the app l
historical fa
ojections as a
ns, beliefs, pl
always using
does not antic
ntends” or v
“may” o r “c
nts of histori
tained in t h
drilling and
any. In ma k
as made cer t
rward-lookin
rward-lookin
ther factors
expressed or
d to: availab
ovals; and g
gly, readers
tion contai n
y intention
eflect actual
mptions, ch
TORY SERVI
ACY OF THI
ation, distrib
the United S
y, which is lo
a historic esti
Dausinger,
orld Resourc
None of th
ere reported
d data verifi c
fied and upgr
to classify i
mate as a c u
in this rele a
ng inform a
licable Can a
ct, are for w
at the date o
lans, project
g phrases su
cipate”, “pla
variations of
could”, “wo
ical fact and
his press r e
d the effects o
king the for w
tain assumpt
ng statement
ng statements
which may c
r implied by
ility of finan
general bus i
should not p
ned in this p
and assum e
l results, w h
anges in f a
ICE PROVID
IS RELEASE
bution or
States
3
ocated
imate
1983,
ces in
e key
d, and
cation
raded
t as a
urrent
ase is
ation”
adian
ward-
of this
tions,
uch as
ans”,
f such
ould”,
d may
elease
of the
ward-
tions.
ts are
ts will
cause
y such
ncing;
iness,
place
press
es no
hether
actors
DER)
E
For furth
Marc Pai
President
(416) 565
mpais@a
www.ariz
https://tw
her informati
is
t and CEO A
5-7689
arizonametal
zonametalsc
witter.com/A
ion, please co
Arizona Meta
lscorp.com
corp.com
ArizonaCorp
ontact:
als Corp.
4