Arizona Metals Corp identifies four new near-surface conductive drill targets at Kay Mine Project and releases updated 3D geophysical model
Arizona Metals Corp identifies four new near-surface conductive drill targets at Kay Mine
Project and releases updated 3D geophysical model
TORONTO, September 3, 2019 – Arizona Metals Corp. (TSX.V:AMC) (the “Company” or
“Arizona Metals”) is pleased to announce that Maxwell Plate Modell ing of data from a
helicopter VTEM (Versatile Ti me-domain ElectroMagnetic) surv ey of the Kay Mine claims
(completed in March 2019), has identified four new near-surface conductive bodies.
Marc Pais, President and CEO of Arizona Metals Corp. state d, “Detailed modelling of our
recent helicopter VTEM survey has identified f our conductive bodies, all starting at relatively
shallow depths, and located less than 1.5km from th e Kay Mine historical estimate reported by
Exxon Minerals in 1982. We believe that these c onductors provide excellent drill targets for
additional VMS bodies located in previously untested areas.”
The conductive bodies (MX1, MX2, MX4, and MX5) are located within a 1.5km radius of the
past-producing Kay Mine, which is associated with the conducto r labelled MX3 (Figure 1). Of
primary interest for future drill testing ar e MX2 (the “Central Conductor”) and MX1 (the
“Western Conductor”). These two anomalies are prioritized for drilling as th ey have the greatest
conductivity-thickness ranges, which are also consistent with semi-massive to massive sulphide
bodies.
Figure 1. Plan view of Maxwell Plate conductive bodies identified at the Kay Mine, Arizona.
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current CIM definitions for prove n and probable mineral reserves. The Kay Mine is a steeply
dipping VMS deposit that has 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-p it target and has a
historic estimate of “100 million tons containi ng 1.5 million ounces gold” at a grade of 0.5g/t
(Dausinger, 1983, Westworld Resour ces). The historic estimates at the Kay Mine and the
Sugarloaf Peak Property have not been verified as current mineral resources. None of the key
assumptions, parameters, and methods used to prep are these historical estimates were reported,
and no resource categories were used. A Qualif ied Person has not done sufficient work to
classify them as current mineral resources, a nd Arizona Metals is not treating the historic
estimates as current mineral resources. The Qu alified Person who reviewed and approved the
technical disclosure in this release is David Smith, P.Geo.
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 forwar d-looking statements. Forward-looking statements
contained in this press release include, without limitation, statements regarding VTEM survey results,
permitting and drilling; use of funds; and the business and operations of the Company. 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 financing; delay or failure to
receive required permits or regulatory approvals; and general business, economic, competitive, political
and social uncertainties. Accordingly, readers shoul d not place undue reliance on the forward-looking
statements and information contained in this pres s 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.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information, please contact:
Marc Pais
President and CEO
Arizona Metals Corp.
(416) 565-7689
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp