- Arizona Metals Corp. (AMC) intersected a new zone of copper-gold mineralization at its Kay Mine Deposit in Arizona
- Hole KM-22-93 tested the zone and returned several copper values, with the highest being 2.85 per cent copper over 1.2 metres
- The new zone is open in all directions, with drilling underway to test for extensions and thickness
- The company also released the results for six additional holes, which found more copper mineralization
- Arizona Metals Corp. (AMC) is down 3.20 per cent trading at $4.24 per share as of 11:44 a.m. EST
Arizona Metals Corp. (AMC) intersected a new zone of copper-gold mineralization at its Kay Mine Deposit in Arizona.
Hole KM-22-93 tested the zone and returned several copper values with the highest being 2.85 per cent copper over 1.2 metres.
The new zone of copper-gold volcanic massive sulphides (VMS) mineralization was just north of the deposit at depths between 150 to 600 metres vertically below surface. The new zone is open in all directions, with drilling underway to test for extensions and thickness.
The company also released the results for six additional holes from the Kay Mine Deposit. It included hole KM-22-81B which intersected 10.70 per cent copper equivalent over 3.8 metres. This is a step-out hole to the south, which extended mineralization near hole KM-21-52A along the southern edge of the Kay Mine Deposit.
Marc Pais, President and CEO of Arizona Metals, commented,
“The drill results reported today, located 300 metres north of the Kay Mine Deposit, confirm our opinion that the Kay Mine Deposit is potentially part of a much larger mineralized system, typical of what is encountered in other VMS camps around the world.”
Arizona Metals stated it is fully funded to complete the remaining 8,500 metres planned for the phase two program at Kay Mine Deposit, as well as an additional 76,000 metres in the phase three program. The phase three program will test several targets heading west of the Kay Mine Deposit, as well as possible northern and southern extensions.
Arizona Metals Corp. (AMC) is down 3.20 per cent, trading at $4.24 per share as of 11:44 a.m. EST.