Arizona Metals Corp Revised Corporate Presentation
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Arizona Metals Corp Revised Corporate Presentation
TORONTO, July 10, 2020 – As a result of a review by staff of the Ontario Securities
Commission, Arizona Metals Corp. (TSX.V:AMC) (the “Company” or “Arizona Metals”), is
issuing the following news release regarding the Company's technical disclosure.
The Company announces that it has revised its corporate presentation to remove all comparisons
of the Kay Mine and Sugarloaf Peak projects to deposits or operating mines with current mineral
resources or reserves. The Company has consistently disclosed historical estimates for the Kay
Mine and the Sugarloaf Peak projects in compliance with section 2.4 of National Instrument 43-
101 –Standard of Disclosure for Mineral Projects, including the required cautionary statements,
however in its revised corporate presentation the Company has removed all comparisons to
deposits or operating mines with current mineral resources or reserves. The Company has also
included in the revised presentation the name and relationship of the qualified person who
prepared or approved the technical disclosure. The revised corporate presentation is now
available on the Company’s website.
About Arizona Metals Corp
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, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.”
The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. 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 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 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 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 0.5 g/t (Dausinger, 1983,
Westworld Resources).
1The historic estimate at the Sugarloaf Peak Property 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.
The Qualified Person who reviewed and approved the technical disclosure in this release is
David Smith, CPG.
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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 resumption of drilling and the effects of the
COVID-19 pandemic on 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 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.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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
For further information, please contact:
Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp