Arizona Metals' Kay2 Discovery: A Game-Changer for the Kay Deposit
Thursday, Oct 31, 2024 5:06 am ET
2min read Arizona Metals Corp. (TSX:AMC) (OTCQX:AZMCF) has made a significant discovery at its Kay Project in Arizona, with drill hole KM-24-166 intersecting 50.0 m grading 6.65 g/t AuEq, including 6.9 m @ 12.69 g/t AuEq. This discovery, known as the Kay2 Zone, is located approximately 100 m north of previously known mineralization in the Kay deposit, suggesting substantial upside potential for the project.
The Kay2 Zone is characterized by semi-massive to massive sulfide mineralization, similar to the extensive drilled intercepts throughout the Kay deposit. Drill hole KM-24-170, which is pending assays, intercepted 13.7 m of semi-massive sulfide approximately 50 m below hole 166, further supporting the potential of this new zone. Arizona Metals has devoted two drills to test the horizontal and vertical dimensions of the Kay2 Zone, aiming to define its extent and contribute to the upcoming mineral resource estimate for the Kay deposit.
The discovery of the Kay2 Zone has significant implications for Arizona Metals and the Kay Project. The new lens of mineralization expands the known mineralization at the Kay deposit, potentially increasing the project's resource base and extending its mine life. With two drills now testing the Kay2 Zone, the company expects it to contribute to the upcoming mineral resource estimate, further solidifying the project's potential.
The Kay Project has a historic estimate by Exxon Minerals in 1982, reporting a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." However, this historic estimate has not been verified as a current mineral resource, and significant data compilation, re-drilling, and data verification may be required before it can be upgraded. The discovery of the Kay2 Zone, with its high-grade intercept, suggests that the Kay deposit may be larger and more extensive than previously thought.
Arizona Metals is well-funded, with $20.6 million in cash as of June 30, 2024, providing the company with the financial resources to continue exploring and developing the Kay Project. The Kay2 discovery, along with the company's strong financial position, positions Arizona Metals well to capitalize on the growing demand for precious metals and the increasing focus on sustainability and responsible mining practices.
In conclusion, Arizona Metals' discovery of the Kay2 Zone at the Kay deposit is a significant development for the company and the project. The high-grade intercept in the new lens of mineralization suggests substantial upside potential for the Kay Project, potentially increasing its resource base and extending its mine life. With two drills now testing the Kay2 Zone, Arizona Metals is well-positioned to enhance the upcoming mineral resource estimate for the Kay deposit, further bolstering its growth prospects. As an investor, keeping an eye on Arizona Metals and the Kay Project could prove to be a lucrative opportunity in the precious metals and mining sector.
The Kay2 Zone is characterized by semi-massive to massive sulfide mineralization, similar to the extensive drilled intercepts throughout the Kay deposit. Drill hole KM-24-170, which is pending assays, intercepted 13.7 m of semi-massive sulfide approximately 50 m below hole 166, further supporting the potential of this new zone. Arizona Metals has devoted two drills to test the horizontal and vertical dimensions of the Kay2 Zone, aiming to define its extent and contribute to the upcoming mineral resource estimate for the Kay deposit.
The discovery of the Kay2 Zone has significant implications for Arizona Metals and the Kay Project. The new lens of mineralization expands the known mineralization at the Kay deposit, potentially increasing the project's resource base and extending its mine life. With two drills now testing the Kay2 Zone, the company expects it to contribute to the upcoming mineral resource estimate, further solidifying the project's potential.
The Kay Project has a historic estimate by Exxon Minerals in 1982, reporting a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." However, this historic estimate has not been verified as a current mineral resource, and significant data compilation, re-drilling, and data verification may be required before it can be upgraded. The discovery of the Kay2 Zone, with its high-grade intercept, suggests that the Kay deposit may be larger and more extensive than previously thought.
Arizona Metals is well-funded, with $20.6 million in cash as of June 30, 2024, providing the company with the financial resources to continue exploring and developing the Kay Project. The Kay2 discovery, along with the company's strong financial position, positions Arizona Metals well to capitalize on the growing demand for precious metals and the increasing focus on sustainability and responsible mining practices.
In conclusion, Arizona Metals' discovery of the Kay2 Zone at the Kay deposit is a significant development for the company and the project. The high-grade intercept in the new lens of mineralization suggests substantial upside potential for the Kay Project, potentially increasing its resource base and extending its mine life. With two drills now testing the Kay2 Zone, Arizona Metals is well-positioned to enhance the upcoming mineral resource estimate for the Kay deposit, further bolstering its growth prospects. As an investor, keeping an eye on Arizona Metals and the Kay Project could prove to be a lucrative opportunity in the precious metals and mining sector.
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