TORONTO, Oct. 14, 2022 (GLOBE NEWSWIRE) — Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF), an Arizona-based copper and gold exploration company, today announced that Marc Pais, CEO, will present live at VirtualInvestorConferences.com on October 18, 2022.
DATE: October 18e2022
TIME: 1:30 p.m. ET
It will be a live, interactive online event where investors are invited to ask questions of the company in real time. If attendees are unable to join the live event on the day of the conference, an archived webcast will also be available after the event.
Investors are recommended to pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
Recent Company Highlights
- Approximately 70,000 meters of drilling has been completed at the Kay mining project to date.
- Numerous high-grade and wide intervals of copper and gold mineralization, including: 79m grading 7.0 g/t AuEq; 43m grading 3.9% CuEq; 97m grading 6.1 g/t AuEq; and 54m grading 9.4g/t AuEq*.
- Fully funded to launch a 75,000 meter Phase 3 program with a budget of C$27 million; drilling is expected to begin in November 2022.
The true thickness of the mineralization is estimated to be between 50% and 99% of the thickness of the reported core, with an average of 76%. (2) Assumptions used in USD for copper and gold metal equivalent calculations were metal prices of $4.63/lb copper, $1,937/oz gold, $25/oz silver, $1.78/lb of zinc and $1.02/lb of lead. Inferred metal recoveries (recovery), based on a preliminary review of historical data by SRK and ProcessIQ, were 93% for copper, 92% for zinc, 90% for lead, 72% for silver and 70 % for gold. The following equation was used to calculate the copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold (g/t) x 0.61)(72% rec.) + (Silver (g /t) x 0.0079) (72% rec.) + (Zinc (%) x 0.3844)(93% rec.) + (Lead (%) x 0.2203)(93% rec.). The following equation was used to calculate the gold equivalence: AuEq = Gold (g/t)(72% rec.) + (Copper (%) x 1.638)(93% rec.) + (Silver (g/t ) x 0.01291) (72% rec.) + (Zinc (%) x 0.6299)(93% rec.) + (Lead (%) x 0.3609)(93% rec.). Assay metal equivalent calculations are presented for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most to the monetary value after taking into account assumed recoveries.
About Arizona Metals Corp.
Arizona Metals Corp owns 100% ownership of the Kay Mine in Yavapai County, which is located on a combination of patent and BLM claims totaling 1,300 acres that are royalty free. A historical estimate from Exxon Minerals in 1982 listed a “proven and probable reserve of 6.4 million short tons grading 2.2% copper, 2.8 g/t gold, 3, 03% zinc and 55 g/t silver”. (Fellows, ML, 1982, Kay Mine massive sulphide deposit: internal report prepared for Exxon Minerals Company, November 1982, 29 p.) The historical estimate at Kay Mine was reported by Exxon Minerals in 1982. historical estimate has not been verified. as a current mineral resource. None of the principal assumptions, parameters and methods used to prepare the historical estimate have been declared and no resource categories have been used. Significant data compilation, re-drilling and data verification may be required by a “Qualified Person” (as defined in NI 43-101 – Disclosure standards for mining projects) before the historical 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 does not treat the historical estimate as a current mineral resource.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading exclusive investor conference series that provides an interactive forum for publicly traded companies to pitch directly to investors.
Providing a real-time investor engagement solution, VIC is uniquely designed to provide companies with more efficient access to investors. Replicating the components of an onsite investor conference, VIC provides companies with enhanced capabilities to connect with investors, schedule targeted one-on-one meetings, and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences deliver top-notch investor communications to a global network of retail and institutional investors.
Arizona Metals Corp.
President and CEO
Virtual conferences for investors
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group