Arizona Metals Corp. Announces Stock Options Grant
ARIZONA METALS CORP. ANNOUNCES STOCK OPTIONS GRANT
FOR IMMEDIATE RELEASE
TORONTO, ONTARIO – June 4, 2020 – Arizona Metals Corp. (TSXV: AMC) (the “ Company” or
“AMC”), would like to announce that it has granted an aggregate of 1,450,000 incentive stock options to
certain officers, directors and consultants of the Company under its Stock Option Plan. All options are
exercisable at $0.66 per common share, vest immediately on the date of grant and have an expiry date of
June 4, 2025.
About Arizona Metals Corp.
AMC is a mineral exploration company based in To ronto, Ontario. AMC owns 100% of approximately
Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a
combination of patented and BLM claims totaling 1, 300 acres that are not subject to any royalties. An
historic estimate by Exxon Minerals in 1982 reported a “proven and probable reserve of 6.4 million short
tons at a grade of 2.2% copper, 2.8g/t gold, 3.03% zinc, and 55g/t silver”. The historic estimate at the Kay
Mine was reported by Exxon Minerals in 1982. The hi storic estimate has not been verified as a current
mineral resource. None of the key assumptions, parame ters, and methods used to prepare the historic
estimate were reported, and no resource categories we re used. Significant data compilation, re-drilling
and data verification may be require d by a Qualified Person before the historic estimate can be verified
and upgraded to be 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.
The Kay Mine is a steeply dipping VMS deposit that h as been defined from a depth of 150m to at least
900m. It is open for expansion on strike and at depth.
The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400
acres of BLM claims. Sugarloaf 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 0.5g/t (Dausinger, 1983, Westworld Resources).
The historic estimate at the Sugarloaf Peak Propert y 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 histor ic 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 estima te can be verified and upgraded to a current mineral resource. A
Qualified Person has not done sufficient work to cl assify it as a current mineral resource, and Arizona
Metals is not treating the historic estimate as a current mineral resource.
The Qualified Person who reviewed and approved the t echnical disclosure in this release is David Smith,
CPG.
For further information, please contact:
Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp
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Disclaimer
This press release contains statements that consti tute “forward-looking information” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation, All
statements, other than statements of historical fa ct, 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, projecti ons, 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 word s 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. 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 forw ard-looking statements will prove to be correct.
Known and unknown risks, uncertainties, and other fa ctors 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 general bus iness, 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. Exce pt 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 assump tions, changes in factors
affecting such forward-looking statements or otherwise.
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