(MENAFN- Investor Brand Network)
Arizona Metals commenced Phase 3 expansion drill program at its flagship copper-gold-zinc-silver Kay Mine Project; only 3% of the prospectively mineralized horizon has been drill tested and this Phase of drilling will focus on making new discoveries Surrounded by high-grade historic past-producing VMS mines, Kay Mine also boasts potential for scale; the mine was practically abandoned for 40 years until Arizona Metals acquired it in 2019 With $58 million in cash, company appears well funded to execute on its plans to spend $32 million on the Kay Mine Phase 3 exploration program over the next 12 to 18 months
arizona metals (tsx: amc) (otcqx: azmcf) , a mineral exploration company focused on advancing precious and base metal deposits, has commenced its Phase 3 expansion drill program in the flagship Kay Mine Project ( ). The company operates two wholly owned projects in Arizona, the state known as the largest U.S. copper producer. The current focus is its flagship Kay Mine Project, a copper-gold-zinc-silver asset located in Yavapai County on a combination of private land and BLM claims. Around 99% of Arizona Metals' budget goes towards this high-grade volcanogenic massive sulfide (“VMS”) deposit located an hour north of Phoenix, in the heart of Arizona Copper Country.
The company also operates another asset – the Sugarloaf Peak gold project in La Paz County, a heap leach open pit mine located 2 hours from Phoenix. Although the secondary asset is not the focus at the moment, the company sees potential in this mine but expects to spin it out into a new company in a...
NOTE TO INVESTORS:
The latest news and updates relating to AZMCF are available in the company's newsroom at
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via
to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today's market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text“BigHole” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit
Los Angeles, California
MiningNewsWire is part of the
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.