Twitter Facebook LinkedIn YouTube

New Listing: Arizona Metals Corp. (TSXV:AMC)

Video Platform Video Management Video Solutions Video Player

Based in Toronto, Ontario, the company owns 100% of approximately 351 acres of claims covering and surrounding the past-producing Kay Mine, located in Yavapai County, Arizona, approximately 50 miles north of Phoenix.

Tags:

Additional Information:

Company: Arizona Metals Corp.
Website: http:// www.ArizonaMetalsCorp.com
Stock Symbol: TSXV: AMC
Date Published: Aug 8, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Arizona Metals Corp. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “AMC”, following its Qualifying Transaction with Capital Pool Company “Ring the Bell Capital”.

Based in Toronto, Ontario, the company owns 100% of approximately 351 acres of claims covering and surrounding the past-producing Kay Mine, located in Yavapai County, Arizona, approximately 50 miles north of Phoenix.

The claims are not subject to any royalties.

The project, surrounded by high-grade historic past producing VMS mines, is located within 2 hours drive of two smelter complexes.

The Kay Mine property hosts an historic resource estimate, as defined by Exxon Minerals in 1982, of 6.4 million short tons at a grade of 2.2% copper, 2.8 grams per tonne gold, 3.03% zinc, and 55 grams per tonne silver, using a copper equivalent cut-off grade of 2%.

The historic estimate was defined from a depth of approximately 100 meters to 900 meters, based on approximately 103 underground drill holes on 12 levels, thousands of underground samples, and approximately 7,500 meters in surface drilling.

Arizona Metals is not treating the historic estimate as a current resource.

In March 2019, the company staked an additional 1,000 acres of BLM claims contiguous with the recently acquired Kay Mine claims.

The company completed a helicopter VTEM survey totaling 102 line kilometers covering the acquired and staked claims, and has planned an initial drill program of approximately 5,000 meters.

The company also owns 100% of the Sugarloaf Peak Gold Project, which is comprised of 222 BLM claims covering approximately 4 kilometers x 6 kilometers and hosts an historic resource of about 1.5 million ounces gold and 25 million ounces of silver in a volume of about 100 million tons.

This estimate was based on work between 1981 and 1983 by Westworld Resources, which totaled 2,500 feet of drilling in 10 holes to a maximum depth of only 76 meters.

Again, the company is not treating the historic estimate as a current resource.

Additional drilling totaling 4,400 meters was completed by Riverside Resources and Choice Gold between 2009 and 2012, and a Titan-24 geophysical survey was also undertaken during this period.

The average drill hole spacing at Sugarloaf is 150 meters and the company estimates an initial drill program of at least 10,000 meters will be required.

The shares are currently trading at $0.30.

For more information, please visit the company’s website www.ArizonaMetalsCorp.com, contact Marc Pais, President and CEO, at 416-565-7689 or by email at mpais@ArizonaMetalsCorp.com.

I’m Cassandra Bolinski for Investmentpitch Media