analysis Research Analyst, Precious Metals | CLARUS Securities Inc.
Comment From National Bank
) Arizona Metals – Reported Positive results from assays from their Kay Mine project in Arizona: Recall that our valuation is rooted in the already known VMS mineralization at the ‘Kay Deposit’ and we’re mainly interested in potential upside from either the ‘Central’ or ‘West’ targets, where the ongoing drill program is searching for new zones of VMS.
=> Most interesting in today’s release is Hole KM-22-95 at Central; They intersected small clasts of VMS mineralization for the first time (2.7m at 0.5% CuEq). This is not enough to call a discovery, but is significant in two ways: (i) it shows that VMS style minerals can indeed exist elsewhere on the property, and not just at Kay (more confidence in management’s exploration thesis); and (ii) shows characteristics which suggests approaching more favorable conditions for VMS that should be followed up.
=> Eight drill holes reported from the Kay Deposit: including two step-outs (8.8m at 4.8% CuEq, 1.8m at 1.1% CuEq) and six infill (Highlights: 4.6m at 0.8% CuEq, 1.8m at 1.1% CuEq) which confirmed continuity and show modest grades for the most part.
=> West Target is the focus for us right now: We’re looking forward to the first-ever results from the West Target (the strongest geophysical conductor) where Hole KM-23-104 is nearing completion at over 700m vertical depth.
For further information, please contact:
Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
mpais@arizonametalscorp.com
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp