Arizona Metals Corp’s Kay Mine Drilling Expands Mineralized Zone with
Arizona Metals Corp’s Kay Mine Drilling Expands Mineralized Zone with
Intersects of 24 m @ 5.0% Cu, 0.6 g/t Au, 1.0% Zn, and 23 g/t Ag; 53 m @ 2.9
g/t Au, 0.5 % Cu, 3.4% Zn, and 36 g/t Ag; and 11.4 m @ 5.9% Cu, 5.8 g/t Au,
3.2% Zn, and 185 g/t Ag
TORONTO--(BUSINESS WIRE)--October 12, 2021--Arizona Metals Corp. (TSX.V:AMC,
OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce the results of an
additional ten drill holes at the recently discovered gold-rich zone of open-ended mineralization
at the Kay Mine, in areas previously untested by historic drilling or exploration.
Drilling Highlights
Hole KM-21-40 intersected 24 m at a grade of 5.0% Cu, 0.6 g/t Au, 1.0% Zn, and 23
g/t Ag, including a higher-grade interval of 8.1 m grading 7.6% Cu, 0.4 g/t Au, 0.4%
Zn, and 27 g/t Ag. At 30 m farther downhole, Hole 40 also intersected 53 m at a grade
of 2.9 g/t Au, 3.4% Zn, 0.5% Cu, and 36 g/t Ag, including two separate higher grade
intervals of 7.2 m grading 7.7 g/t Au, 8.3% Zn, 1.1% Cu and 89 g/t Ag, as well as 3.8
m grading 10.9 g/t Au, 9.5% Zn, 1.5% Cu, and 25 g/t Ag. This hole extends the high-
grade mineralization encountered in Hole 28 approximately 65 m to the south at a similar
depth.
Hole KM-21-41 intersected 97 m at a grade of 1.0% Cu, 1.5 g/t Au, 2.7% Zn, and 41
g/t Ag, including higher grade intervals of 11 m grading 5.3 g/t Au, 1.0% Cu, 8.2% Zn,
and 106 g/t Ag, as well as 11.4 m grading 5.9% Cu, 5.8 g/t Au, 3.2% Zn, and 185 g/t
Ag. This hole extends the high-grade mineralization encountered in both Holes 24 and 26
by approximately 60 m up-plunge and 20 m to the north demonstrating excellent lateral
and vertical continuity.
Hole KM-21-43 intersected 17.1 m at a grade of 1.8% Cu, 0.2 g/t Au, 0.1% Zn, and 8
g/t Ag, including a higher grade interval of 1.8 m grading 6.3% Cu, 0.6 g/t Au, and 25
g/t Ag. This hole extends the new mineralized zone approximately 50 m to the north of
the high-grade mineralization encountered in Holes 24 and 26.
Hole KM-21-44 intersected 23.9 m at a grade of 1.0 g/t Au, 0.3% Cu, 2.5% Zn and 18
g/t Ag, including a higher grade interval of 2.6 m grading 2.1 g/t Au, 8.0% Zn, 0.2%
Cu, and 39 g/t Ag. This zone extends the new mineralized zone approximately 40 m up-
plunge of Hole 18A.
Hole KM-21-32 intersected 9.4 m at a grade of 1.5 g/t Au, 0.6% Cu, 2.0% Zn, and 46
g/t Ag. This hole extends the new mineralized zone approximately 30 m up-plunge of
Hole 18A. At approximately 185 m vertical depth, Holes 32 and 44 are the shallowest
drill intercepts in the deposit, demonstrating continued vertical continuity. Mineralization
remains open upward toward the surface, with assays pending for Hole 46 in this same
area.
Hole KM-21-38 intersected 8.7 m at a grade of 1.7 g/t Au, 3.9% Zn, 0.1% Cu, and 61
g/t Ag, including a higher grade interval of 5.2 m grading 2.4 g/t Au, 5.7 % Zn, 0.1%
Cu, and 88 g/t Ag. This hole extends mineralization by approximately 30 m to the north
of the high grade encountered in Hole 21A.
Hole KM-21-35 intersected 5.5 m at a grade of 1.3 g/t Au, 0.9% Cu, 1.7% Zn, and 58
g/t Ag. This hole has extended the mineralization encountered in Hole 25B by
approximately 80 m to the south, also in an area previously untested by historic
exploration.
Hole KM-21-34 intersected 4.6 m @ 1.7 g/t Au, 0.3% Cu, 0.9% Zn, and 46 g/t Ag.
Hole 34 is in the North Zone of mineralization, and extends mineralization approximately
50 m below Hole 6 (13.5 m @ 1.0% Cu, 0.6 g/t Au, 1.23% Zn, 46 g/t Ag).
These newly defined, wide, high-grade intervals continue to demonstrate the potential to add a
significant tonnage of gold-copper-zinc-silver mineralization outside of the historic resource.
Historic exploration by Exxon Minerals during the 1970s resulted in a model showing two
discrete mineralized zones, ‘North’ and ‘South’, separated by 100 m on strike. Drilling by
Arizona Metals continues to indicate that these zones are in fact conjoined and not distinct.
Structural Mapping Program
In September 2021, the Company initiated a detailed surface structural mapping program
performed by associates of technical advisor Dr. Mark Hannington, to update and supplement
structural mapping completed in 2019. The results of the mapping program will be combined
with core logging data to refine drill targets at pads 4, 5, and 6. These pads will test for
extensions of the Kay Mine mineralization approximately 500 m north and 300 m south of the
main mineralized body. Mapping will also refine drill targets at the Central and West targets,
located approximately 0.5 km and 1.3 km, respectively, west of the Kay deposit, as drilling is
anticipated to commence at these targets in Q1 2022.
Marc Pais, CEO, commented “The ten drill holes released today continue to demonstrate the
richness and size potential of the Kay Mine system. Virtually all holes drilled to date at Kay have
intersected semi-massive to massive sulphide mineralization, with assays pending on ten more
holes, and three holes currently underway.
In Phase 2 the deposit has been drilled to 775 m below surface (in Hole 27) along a strike length
of 300 m and drilling continues to expand Kay mineralization in all directions with assays
pending on a number of holes up to 850 m below surface. Holes 40 and 41 were drilled to test
above and below the high-grade intervals encountered in Holes 24, 26, and 28. Both Holes 40
and 41 demonstrate exceptional vertical continuity of thickness and grade in this portion of the
deposit. Drilling is currently underway with three drill rigs to test for further extensions of high-
grade mineralization, both laterally and targeting depths below 900 m.
Our geological model, especially the modeled orientation of mineralized zones, is evolving
rapidly as we drill, and is confirming a deposit considerably larger than reported historically.
Our drill program is evolving to reflect these changes, and we are currently drill testing a
number of new targets both at depth and near surface.”
Covid-19 Monitoring and Mitigation Procedures
The Company’s drill contractor, Boart Longyear, has instituted Covid-19 monitoring procedures
for all drill crew members, including daily temperature and symptom checks. Arizona Metals
Corp will be provided with daily health tracking updates for the drill crews and has also
instituted its own social distancing policies and provided a guidance manual for employees at
site.
Table 1. Results of Phase 2 Drill Program at Kay Mine, Yavapai County, Arizona. The true
width of mineralization is estimated to be 50% to 97% of reported core width, with an average of
80%.
Analyzed Grade
Hole ID From m To m Length m Cu % Au g/t Zn % Ag g/t Pb %
Vertical
Depth
Below
Surface m
KM-21-17 429.5 449.9 20.4 1.81 1.10 1.20 21.2 0.17 300
including 429.5 434.0 4.6 4.61 1.73 1.91 29.1 0.24
including 432.7 434.0 1.4 0.52 6.81 8.29 40.0 1.10
KM-21-17 504.4 505.4 0 . 91 . 1 94 . 7 3 0.05 9.0 0.00 356
KM-21-18 404.3 429.8 25.5 0.35 0.86 1.71 15.8 0.23 255
including 408.6 410.6 2.0 0.50 2.22 7.25 64.4 0.82
including 424.9 427.3 2.4 1.60 2.59 3.16 18.0 0.52
KM-21-18A 391.4 423.8 32.5 1.09 0.62 1.25 17.6 0.15 233
including 393.3 395.8 2.4 9.57 2.83 2.72 40.9 0.28
KM-21-19 377.8 378.3 0 . 53 . 3 95 . 5 9 6.83 128.0 0.63 337
KM-21-20 442.7 443.6 0 . 92 . 5 60 . 5 2 3.52 18.5 0.14 362
KM-21-20 456.0 458.1 2 . 11 . 4 90 . 3 5 0.14 6.0 0.04 370
KM-21-21 452.6 495.5 42.8 0.80 0.78 1.52 15.1 0.15 362
including 488.7 493.5 4.8 0.26 2.50 6.13 27.6 0.54
KM-21-21A 422.0 431.4 9 . 41 . 1 70 . 5 7 2.25 8.6 0.36 362
KM-21-21A 439.1 502.1 63.0 0.45 1.28 3.14 58.8 0.77 366
including 465.0 481.9 16.9 0.52 2.45 4.05 80.9 0.99
KM-21-23 394.4 401.4 7 . 00 . 3 60 . 9 3 1.94 13.5 1.17 313
KM-21-23 438.6 459.2 20.6 0.17 1.18 1.93 27.8 0.37 336
KM-21-24 501.2 592.1 90.8 0.45 1.33 3.42 44.3 0.41 470
including 501.2 521.7 20.4 1.34 1.70 6.35 113.1 0.66
including 520.9 521.7 0.8 1.75 16.50 9.55 574.0 1.22
including 575.9 592.1 16.2 0.16 2.50 6.00 44.4 0.79
including 588.7 590.4 1.7 0.47 9.98 23.70 18.2 0.13
KM-21-25 662.6 741.3 78.6 1.41 2.33 2.79 43.4 0.35 638
including 663.2 672.7 9.4 8.06 1.84 1.31 92.3 0.15
including 693.0 703.9 11.0 0.68 6.28 10.40 99.7 1.17
KM-21-25A 654.7 719.9 65.2 1.04 1.94 2.15 18.8 0.18 624
including 655.5 662.8 7.3 3.66 2.09 1.85 30.2 0.21
including 710.8 716.9 6.1 2.72 7.95 3.73 37.4 0.31
KM-21-25B 647.2 648.9 1 . 70 . 1 30 . 5 8 2.41 62.1 0.64 610
KM-21-25B 655.6 659.9 4 . 30 . 9 30 . 9 1 0.91 25.3 0.19 615
KM-21-25B 666.0 667.8 1 . 80 . 6 00 . 7 2 2.98 33.5 0.43 620
KM-21-25B 673.3 674.7 1 . 40 . 0 82 . 1 0 2.39 23.0 0.33 628
KM-21-25B 681.2 682.6 1 . 40 . 0 91 . 5 4 2.98 11.0 0.35 631
KM-21-26 506.7 582.8 76.0 0.79 1.61 4.23 32.6 0.54 480
including 511.1 526.1 14.9 0.73 1.78 9.68 43.3 0.77
including 573.8 582.8 9.0 4.02 6.06 3.32 18.2 0.19
KM-21-27 706.8 738.2 31.4 1.58 0.16 0.69 9.0 0.06 700
KM-21-27 764.4 777.4 13.0 2.85 0.48 0.17 8.4 0.02 775
KM-21-27A 666.3 769.4 103.1 0.79 1.06 1.90 35.8 0.42 678
including 666.3 687.0 20.7 3.21 1.39 1.26 19.4 0.20
including 706.4 724.6 18.3 0.69 2.69 4.70 92.2 1.21
including 752.9 763.8 11.0 0.07 1.07 4.68 95.3 0.98
KM-21-27B 665.8 762.9 97.1 1.31 1.62 3.21 31.7 0.40 660
including 702.0 723.0 21.0 0.87 4.56 9.03 81.5 1.10
including 723.0738.2 15.2 4.97 0.36 0.42 18.7 0.05
KM-21-28 640.7 694.9 54.3 1.87 2.85 5.03 29.4 0.70 584
including 660.2 671.6 11.4 0.54 4.29 9.30 32.2 1.17
including 681.1 689.0 7.9 4.39 9.47 10.34 93.1 2.41
including 690.4 692.6 2.2 16.06 0.82 0.06 55.8 0.01
KM-21-29 393.0 393.8 0 . 80 . 4 31 . 5 4 4.92 9.0 0.21 235
KM-21-30 264.9 267.9 3 . 01 . 1 80 . 0 2 0.01 1.5 0.00 240
KM-21-32 316.4 320.0 3 . 71 . 8 41 . 2 9 2.47 38.5 0.30 185
KM-21-32 342.9 345.9 3 . 00 . 6 70 . 5 2 2.70 13.0 0.15 190
KM-21-32 358.9 368.4 9 . 40 . 6 01 . 4 7 1.99 45.7 0.35 195
KM-21-33 171.3 172.5 1 . 23 . 7 90 . 4 5 0.21 63.0 0.17 150
KM-21-34 299.3 303.9 4 . 60 . 2 91 . 6 9 0.94 46.3 0.26 205
KM-21-34 309.7 310.9 1 . 22 . 2 70 . 5 6 1.55 19.9 0.08 210
KM-21-35 609.6 615.1 5 . 50 . 9 21 . 2 6 1.71 57.7 0.02 550
including 609.6 613.0 3.4 1.39 1.69 1.98 54.0 0.01
KM-21-38 406.5 407.8 1 . 40 . 6 01 . 0 8 9.41 4.0 0.25 345
KM-21-38 467.4 476.1 8 . 70 . 0 91 . 7 3 3.87 61.1 1.22 370
including 470.0 475.2 5.2 0.12 2.44 5.68 87.5 1.79
KM-21-40 589.8 613.8 24.0 4.98 0.61 0.98 23.4 0.45 550
including 589.8 597.9 8.1 7.63 0.43 0.39 27.1 0.17
KM-21-40 627.9 680.8 52.9 0.47 2.91 3.40 35.7 0.40 590
including 641.1 648.3 7.2 1.15 7.66 8.27 88.5 0.92
including 670.3 674.1 3.8 1.53 10.89 9.47 24.6 0.61
KM-21-41 462.6 559.3 96.7 1.04 1.54 2.66 40.8 0.35 420
including 503.2 514.2 11.0 0.99 5.34 8.17 106.3 1.63
including 546.7 558.1 11.4 5.86 5.83 3.24 185.4 0.04
including 553.1 556.9 3.8 7.11 9.55 5.70 505.8 0.09
KM-21-43 583.7 586.4 2 . 71 . 0 71 . 6 0 4.82 5.7 0.02 550
KM-21-43 594.4 607.1 12.7 0.32 0.08 4.97 3.2 0.03 555
including 598.9 599.8 0.9 0.50 0.18 11.30 3.0 0.03
KM-21-43 616.0 633.1 17.1 1.81 0.17 0.14 8.2 0.03 570
including 631.2 633.1 1.8 6.30 0.61 0.09 25.0 0.01
KM-21-44 353.4 377.3 23.9 0.34 0.97 2.52 18.3 0.33 185
including 354.0 356.6 2.6 0.23 2.14 7.97 38.9 0.68
Table 2. Results of Phase 1 Drill Program at Kay Mine, Yavapai County, Arizona. The true
width of mineralization is estimated to be 50% to 97% of reported core width, with an average of
80%.
Arizona Metals Kay Mine Drill Intercepts Anal yzed Grade
Hole ID From m To m Length m Cu % Au g/t Zn % Ag g/t Pb %
Vertical
Depth Below
Surface m
KM-20-01 275.8 281.5 5.6 0.57 0.48 1.20 11.6 0.18 156
including 275.8 276.5 0.6 0.50 1.22 5.04 32.0 0.73
including 279.8 281.5 1.6 1.21 0.98 1.49 22.6 0.23
KM-20-02 297.8 300.8 3.0 0.77 0.20 0.04 1.4 0.01 172
KM-20-03 256.3 259.1 2.7 3.40 1.01 0.65 69.6 0.09 120
including 256.3 257.3 0.9 7.42 1.79 1.11 56.0 0.17
KM-20-03 292.2 292.6 0.5 2.43 0.19 0.15 2.0 0.04 152
KM-20-03 295.4 295.8 0.5 1.35 0.80 0.91 6.0 0.06 154
KM-20-03A 252.4 256.9 4.6 3.70 2.55 0.27 35.6 0.03 122
including 252.4 253.1 0.8 9.74 6.34 0.40 164.0 0.11
KM-20-05 266.6 269.0 2.4 6.47 1.94 0.57 43.3 0.14 150
including 266.6 267.8 1.2 10.60 2.21 1.05 50.0 0.26
KM-20-06 267.9 281.5 13.5 1.02 0.85 1.23 45.6 0.30 158
including 267.9 268.4 0.5 1.54 2.20 6.10 31.0 0.81
including 276.6 281.5 4.9 1.86 0.87 1.96 92.1 0.42
including 280.0 281.0 1.1 3.22 1.03 0.64 340.0 0.04
KM-20-09 588.1 588.4 0.3 0.91 1.74 1.86 15.0 0.40
KM-20-09 613.4 614.1 0.7 0.90 1.81 1.04 10.0 0.08
KM-20-09 614.6 614.9 0.3 2.64 0.36 0.98 19.0 0.10
KM-20-09 632.8 638.9 6.1 0.12 4.18 8.02 41.7 0.82 575
including 633.6 637.9 4.4 0.15 5.46 9.06 33.1 0.50
including 636.9 637.9 1.1 0.17 9.77 14.65 68.0 0.78
KM-20-10 563.6 568.5 4.9 2.39 2.16 3.27 24.9 0.31 490
including 563.6 566.6 3.0 3.66 2.42 3.16 28.2 0.32
including 567.2 568.5 1.2 0.33 2.52 5.10 28.4 0.43
KM-20-10 574.2 574.9 0 . 60 . 1 24 . 3 3 1 1 . 3 0113.0 0.16 498
KM-20-10 577.7 579.3 1.6 0.03 0.70 4.38 45.9 0.68 500
KM-20-10 582.3 583.1 0.8 0.03 0.42 2.90 51.0 1.07 502
KM-20-10A 521.2 522.5 1.3 2.13 1.27 7.46 51.1 0.91 437
KM-20-10A 527.9 538.6 10.7 1.32 1.66 2.58 27.2 0.30 442
including 527.9 529.4 1.5 6.69 0.92 1.62 30.2 0.07
including 532.2 535.3 3.1 0.72 1.75 2.99 34.3 0.42
including 537.2 538.6 1.4 0.16 7.29 9.06 79.2 0.60
KM-20-10B 503.0 530.7 27.6 0.87 0.97 1.76 21.3 0.32 423
including 503.0 509.6 6.6 1.78 1.55 2.55 29.8 0.37
including 513.9 518.3 4.4 1.08 1.89 4.05 47.4 0.68
including 527.2 530.7 3.5 1.91 2.32 3.93 52.9 0.99
KM-20-10C 523.9 530.7 6.8 0.58 3.32 5.84 102.0 1.15 422
including 523.9 528.2 4.3 0.88 4.89 7.61 125.2 1.45
including 525.6 526.4 0.8 0.52 16.65 21.40 214.0 2.76
KM-20-11 554.1 556.9 2.7 4.14 2.83 3.56 70.0 0.28 490
KM-20-12 371.9 376.7 4.9 3.99 0.37 0.62 12.4 0.07 318
including 371.9 373.7 1.9 8.49 0.67 1.53 28.0 0.16
KM-20-12 379.5 405.4 25.9 0.73 0.08 0.08 2.3 0.01 326
KM-20-13 443.6 486.8 43.1 1.68 1.26 1.67 23.3 0.24 341
including 444.4 459.6 15.2 3.42 1.80 2.36 38.5 0.39
including 444.4 447.1 2.7 1.02 3.74 10.64 55.0 1.88
including 451.4 455.8 4.4 8.41 1.18 0.16 65.3 0.02
KM-20-14 421.7 461.6 39.9 1.47 1.00 1.67 18.4 0.19 314
including 426.3 429.8 3.5 9.56 1.28 0.95 30.0 0.07
including 457.2 460.7 3.5 0.36 2.58 8.33 26.3 0.38
KM-20-14A 404.6 409.0 4.4 1.67 1.48 2.50 79.2 0.41 303
including 404.6 406.4 1.7 4.08 2.46 5.02 173.6 0.53
KM-20-14A 421.0 443.5 22.5 0.86 0.72 1.51 15.9 0.18 312
including 421.0 421.8 0.8 9.81 2.91 1.69 45.0 0.19
including 421.0 425.0 4.1 3.23 1.14 1.30 21.4 0.14
KM-20-15 506.8 510.1 3.3 0.05 0.33 3.73 192.0 1.75 402
KM-20-16 480.4 518.8 38.4 0.85 0.81 2.24 24.3 0.25 385
including 480.4 492.9 12.5 1.63 1.98 4.23 48.5 0.50
including 480.4 483.4 3.0 2.40 4.74 7.49 77.9 0.91
including 489.8 492.9 3.0 3.61 2.59 6.90 100.7 0.92
Table 3. Locations of Phase 1 and 2 Program drill holes completed at Kay Mine, Arizona
Hole ID Phase
Drill
Pad Zone
Collar East
WGS84
Collar North
WGS84
Collar
Elev m
Collar
Az
Collar
Dip Depth m
KM-20-01 1 Pad 1 North 392684 3769388 643 78 -48 335.3
KM-20-02 1 Pad 1 North 392684 3769388 643 75 -50 303.9
KM-20-03 1 Pad 1 North 392684 3769388 643 72 -43.3 365.8
KM-20-03A 1 Pad 1 North 392684 3769388 643 72 -43.3 321.0
KM-20-04 1 Pad 1 North 392684 3769388 643 65.1 -47.5 353.6
KM-20-05 1 Pad 1 North 392684 3769388 643 73.3 -47.2 348.7
KM-20-06 1 Pad 1 North 392684 3769388 643 81.3 -48.3 317.0
KM-20-07 1 Pad 1 North 392684 3769388 643 85.6 -47.6 307.8
KM-20-08 1 Pad 2 South 392638 3769266 653 91.1 -77.1 35.7
KM-20-09 1 Pad 2 South 392638 3769266 653 92.1 -77 670.6
KM-20-10 1 Pad 2 South 392638 3769266 653 96.3 -72.2 645.3
KM-20-10A 1 Pad 2 South 392638 3769266 653 96.3 -72.2 599.8
KM-20-10B 1 Pad 2 South 392638 3769266 653 96.3 -72.2 554.7
KM-20-10C 1 Pad 2 South 392638 3769266 653 96.3 -72.2 559.9
KM-20-11 1 Pad 3 North 392552 3769328 638 57.3 -67.5 652.6
KM-20-12 1 Pad 1 North 392684 3769388 643 95.7 -70.8 583.1
KM-20-13 1 Pad 1 South 392684 3769388 643 124 -66.5 523.6
KM-20-14 1 Pad 1 South 392684 3769388 643 133.6 -66 550.2
KM-20-14A 1 Pad 1 South 392684 3769388 643 133.6 -66 548.6
KM-20-15 1 Pad 2 South 392638 3769266 653 106.7 -66.8 572.1
KM-20-16 1 Pad 2 South 392638 3769266 653 91.5 -68.9 580.9
KM-21-17 2 Pad 2 South 392638 3769266 653 90.5 -59.5 892.5
KM-21-18 2 Pad 2 South 392638 3769266 653 89.8 -55 518.2
KM-21-18A 2 Pad 2 South 392638 3769266 653 89.8 -55 472.1
KM-21-19 2 Pad 1 North 392684 3769388 643 59.3 -69.5 481.6
KM-21-20 2 Pad 2 North 392638 3769266 653 53.7 -67.3 552.9
KM-21-21 2 Pad 1 South 392684 3769388 643 126 -70 561.4
KM-21-21A 2 Pad 1 South 392684 3769388 643 126 -70 556.3
KM-21-22 2 Pad 3 Grav 392552 3769328 638 33 -63 724.8
KM-21-22A 2 Pad 3 Grav 392552 3769328 638 33 -63 693.7
KM-21-23 2 Pad 1 South 392684 3769388 643 114.2 -66.3 527.6
KM-21-24 2 Pad 1 South 392684 3769388 643 119 -75.1 623.0
KM-21-25 2 Pad 3 South 392552 3769328 638 80 -77.4 775.4
KM-21-25A 2 Pad 3 South 392552 3769328 638 80 -77.4 745.8
KM-21-25B 2 Pad 3 South 392552 3769328 638 80 -77.4 737.9
KM-21-26 2 Pad 1 South 392684 3769388 643 118.2 -79.3 616.0
KM-21-27 2 Pad 1 South 392684 3769388 643 90.4 -86.7 858.9
KM-21-27A 2 Pad 1 South 392684 3769388 643 90.4 -86.7 817.5
KM-21-27B 2 Pad 1 South 392684 3769388 643 90.4 -86.7 823.0
KM-21-28 2 Pad 3 South 392552 3769328 638 86.7 -70.5 774.5
KM-21-29 2 Pad 1 South 392684 3769388 643 108.5 -54 488.6
KM-21-30 2 Pad 4 Far North 392733 3769870 630 71.4 -53 538.9
KM-21-31 2 Pad 2 South 392638 3769266 653 115 -62 617.5
KM-21-32 2 Pad 1 South 392684 3769388 643 115 -45.6 495.9
KM-21-33 2 Pad 4 Far North 392733 3769870 630 106.5 -53 457.5
KM-21-34 2 Pad 1 North 392684 3769388 643 81 -59 430.1
KM-21-35 2 Pad 2 South 392638 3769266 653 102.5 -78.5 715.7
KM-21-36 2 Pad 4 Far North 392733 3769870 630 132 -50 349.9
KM-21-37 2 Pad 4 Far North 392733 3769870 630 20 -75 489.5
KM-21-38 2 Pad 1 N&S 392684 3769388 643 109.2 -71.8 553.8
KM-21-39 2 Pad 4 Far North 392733 3769870 630 355 -71 426.7
KM-21-40 2 Pad 2 South 392638 3769266 653 72.5 -80.4 741.9
KM-21-41 2 Pad 1 N&S 392684 3769388 643 112 -77 609.6
KM-21-43 2 Pad 1 N&S 392684 3769388 643 103.5 -83.8 686.4
KM-21-44 2 Pad 1 South 392684 3769388 643 124 -42.8 431.3
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” (as defined in National Instrument 43-101 – Standards
of Disclosure for Mineral Projects) 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).
The 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.
Qualified Person and Quality Assurance/Quality Control
All of Arizona Metals’ drill sample assay results have been independently monitored through a
quality assurance/quality control (“QA/QC”) protocol which includes the insertion of blind
standard reference materials and blanks at regular intervals. Logging and sampling were
completed at Arizona Metals’ core handling facilities located in Anthem and Black Canyon City,
Arizona. Drill core was diamond sawn on site and half drill-core samples were securely
transported to ALS Laboratories’ (“ALS”) sample preparation facility in Tucson, Arizona.
Sample pulps were sent to ALS’s labs in Vancouver, Canada, for analysis.