/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE
UNITED STATES/
TORONTO, June 26,
2023 /CNW/ - Arizona Metals Corp. (TSX: AMC) (OTCQX:
AZMCF) (the "Company" or "Arizona Metals") is pleased to announce
the latest drilling results from its Kay Mine Deposit in
Arizona.
Hole KM-23-106 intersected 25.0 meters grading 2.7% copper
equivalent (CuEq), including 3.2 meters at 6.3% CuEq. At
17 m further downhole, this hole also
intersected 49.2 meters at 2.4% CuEq (including 10.4
meters at 6.4% CuEq). At a further 10
m downhole, this hole also intersected 5.2 m at 1.0% CuEq. This hole confirms the
high-grade copper and gold mineralization previously encountered in
hole KM-21-21A, located 30 meters above, which intersected
63 m grading 4.2 g/t AuEq.
Moreover, it continues the mineralization 30 meters above hole
KM-22-41, which intersected 96.7 m
grading 2.9% CuEq.
In addition to these promising results, drilling at the Western
Target has been ongoing since February
2023. The first four holes, KM-23-104, branch hole
KM-23-104A, KM-23-107, and KM-23-108 have been completed, and
assays are currently pending. In order to continue testing the
strike extent of the West Target, hole KM-23-109 is targeting an
area approximately 150 meters south of KM-23-104. Hole KM-23-110
will target the area between holes KM-23-104 and KM-23-107, with
the goal of testing beneath recently reported high-grade surface
samples (see Fig. 5).
The drill rig at the Kay Mine Deposit is targeting extensions of
the high-grade mineralization encountered in hole KM-23-103, which
intersected 10.5 m grading 6.2%
CuEq. This rig will also focus on areas with lower drill
density, including the northern part of the deposit and shallow
areas above a depth of 200 meters (see Fig. 3). The Company
intends to drill test all areas open to expansion. See Figure 3 for
priority target areas for drilling. Independent consulting
firms have been engaged to model drill data as holes are completed
and assays become available. The Company intends to complete
drilling of all priority targets before finalizing a maiden
resource estimate.
Marc Pais, CEO,
commented "The high-grade copper and gold drill results
reported today continue to demonstrate the expansion potential of
the Kay Mine Deposit, which we believe is part of a much larger
property-wide mineralized system. We are also pleased to report
that drilling of the fifth and sixth holes at the Western Target
has commenced, following up visual mineralization previously
reported in holes 104 and 104A. Downhole electromagnetic surveying
of the first two Western Target holes has been completed and data
are currently being analyzed. Surface outcrop sampling at the
Western Target has returned significant grades of both copper and
gold, extending the strike length of mineralization exposed at
surface in this area to approximately 800 meters."
With the completion of recent drill holes, Arizona Metals has
drilled a total of 83,400 meters on the Kay property, and
successfully completed its Phase 2 drill program of 75,000 meters.
The Company is fully-funded (with $49 million in cash as of
March 31, 2023) to complete the
remaining 75,000 m of the
76,000-meter Phase 3 program (budgeted at $31.5 million), which will be used to test
the numerous parallel targets heading west of the Kay Mine Deposit,
as well as possible northern and southern extensions.
Permitting Update
The Company currently has 11 drill pads permitted through the
Bureau of Land Management (BLM) under a Notice of Intent to
Explore. All permits are fully bonded and in good standing. Last
week BLM staff conducted an annual inspection of the Kay project,
verifying that the Company is in compliance with all permitted
activities. Recently completed structural mapping and soil sampling
programs have identified a number of new, highly
prospective targets not previously located by geophysical methods.
The Company is currently mapping a number of new drill pads to test
these targets and will be applying to the BLM for an Exploration
Plan of Operations. This more expansive permit will allow for
additional roads and drill pads giving the Company the ability to
test these additional targets.
West Target Surface
Sampling
Recent surface mapping and sampling on the West target (Figure
5) has extended the mineralized horizon that was drilled in holes
104 and 104A and previously sampled at surface, where it returned
8.6% Cu. Nine new surface samples all returned percent-grade Cu, up
to 4.9% Cu, and averaging 2.9% Cu. These samples also contained
anomalous Au, up to 0.5 g/t Au. The surface strike length of
mineralization exposed at surface in this area is now approximately
800 m. These surface samples suggest
increasing intensity of mineralization to the north; along with
data gathered in the drill holes completed and underway, these
results will be used to refine drill targeting on the West
Target.
Shareholder Update
Webinar
The Company will host a virtual-only shareholder update webinar
on Monday, July 17, 2023, from
11-12am EST.
The shareholder update webinar will be facilitated by
Marc Pais, CEO and Morgan Knowles, Vice President, Investor
Relations who will review the Company's most recent drilling
results as well as discuss milestones, financial strength, and the
outlook for the remainder of the fiscal year. The Company's CEO,
Marc Pais, and VP Investor
Relations, Morgan Knowles will
facilitate pre-submitted and live-chat questions and answers.
Investors are asked to submit their questions to:
mknowles@arizonametalscorp.com
Webinar Login details:
Topic: Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) Shareholder
Webinar
Time: Jul 17, 2023 11:00 AM Eastern Time (US and Canada)
Join shareholder update webinar:
https://us02web.zoom.us/j/81979704873?pwd=RkhmbkRhbHZBRjFsV3lOL29idGJRQT09
Meeting ID: 819 7970 4873
Passcode: 340147
Table 1. Results of Phase 2 Drill Program at the Kay Mine
Project, Yavapai County, Arizona
announced in this news release.
|
|
|
|
Analyzed Grade
|
Analyzed Metal Equivalent
|
Metal Equivalent
|
Hole ID
|
From m
|
To m
|
Length m
|
Cu %
|
Au g/t
|
Zn %
|
Ag g/t
|
Pb %
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
KM-23-106
|
476.3
|
501.2
|
25.0
|
0.37
|
1.61
|
3.68
|
33.4
|
0.90
|
3.23
|
5.30
|
8.41
|
2.71
|
4.44
|
7.04
|
including
|
491.0
|
494.2
|
3.2
|
1.13
|
3.86
|
8.53
|
63.5
|
1.03
|
7.50
|
12.29
|
19.51
|
6.29
|
10.30
|
16.35
|
including
|
500.3
|
501.2
|
0.9
|
0.43
|
15.15
|
2.70
|
272.0
|
3.62
|
13.67
|
22.40
|
35.55
|
10.10
|
16.55
|
26.26
|
KM-23-106
|
517.4
|
566.6
|
49.2
|
1.15
|
1.19
|
1.71
|
14.4
|
0.44
|
2.75
|
4.50
|
7.15
|
2.35
|
3.86
|
6.13
|
including
|
556.3
|
566.6
|
10.4
|
5.10
|
3.05
|
0.47
|
22.6
|
0.01
|
7.33
|
12.01
|
19.06
|
6.35
|
10.40
|
16.51
|
KM-23-106
|
576.1
|
581.3
|
5.2
|
0.02
|
1.37
|
0.61
|
20.5
|
0.24
|
1.31
|
2.14
|
3.40
|
0.99
|
1.62
|
2.57
|
The true width of mineralization is estimated to be 50% to 99%
of reported core width, with an average of 76%. (2) Assumptions
used in USD for the copper and gold metal equivalent calculations
were metal prices of $4.63/lb Copper,
$1937/oz Gold, $25/oz Silver, $1.78/lb Zinc, and $1.02/lb Pb. Assumed metal recoveries (rec.),
based on a preliminary review of historic data by SRK and
ProcessIQ1, were 93% for copper, 92% for zinc, 90% for
lead, 72% silver, and 70% for gold. The following equation was used
to calculate 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 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.). Analyzed metal equivalent calculations are
reported for illustrative purposes only. The metal chosen for
reporting on an equivalent basis is the one that contributes the
most dollar value after accounting for assumed recoveries.
Table 2. Full results of Phase 2 Drill Program at the Kay Mine
Deposit, Yavapai County,
Arizona.
|
|
|
|
Analyzed Grade
|
Analyzed Metal Equivalent
|
Metal Equivalent
|
Hole ID
|
From m
|
To m
|
Length m
|
Cu %
|
Au g/t
|
Zn %
|
Ag g/t
|
Pb %
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
KM-21-17
|
429.5
|
449.9
|
20.4
|
1.81
|
1.10
|
1.20
|
21.2
|
0.17
|
3.14
|
5.15
|
8.18
|
2.73
|
4.47
|
7.10
|
including
|
429.5
|
434.0
|
4.6
|
4.61
|
1.73
|
1.91
|
29.1
|
0.24
|
6.68
|
10.96
|
17.39
|
5.92
|
9.70
|
15.39
|
including
|
432.7
|
434.0
|
1.4
|
0.52
|
6.81
|
8.29
|
40.0
|
1.10
|
8.41
|
13.79
|
21.89
|
6.76
|
11.09
|
17.60
|
KM-21-17
|
504.4
|
505.4
|
0.9
|
1.19
|
4.73
|
0.05
|
9.0
|
0.00
|
4.17
|
6.83
|
10.84
|
3.20
|
5.24
|
8.31
|
KM-21-18
|
404.3
|
429.8
|
25.5
|
0.35
|
0.86
|
1.71
|
15.8
|
0.23
|
1.71
|
2.80
|
4.44
|
1.43
|
2.35
|
3.72
|
including
|
408.6
|
410.6
|
2.0
|
0.50
|
2.22
|
7.25
|
64.4
|
0.82
|
5.33
|
8.74
|
13.87
|
4.51
|
7.39
|
11.72
|
including
|
424.9
|
427.3
|
2.4
|
1.60
|
2.59
|
3.16
|
18.0
|
0.52
|
4.66
|
7.64
|
12.12
|
3.92
|
6.43
|
10.21
|
KM-21-18A
|
391.4
|
423.8
|
32.5
|
1.09
|
0.62
|
1.25
|
17.7
|
0.15
|
2.13
|
3.48
|
5.53
|
1.85
|
3.04
|
4.82
|
including
|
393.3
|
395.8
|
2.4
|
9.57
|
2.83
|
2.72
|
40.9
|
0.28
|
12.73
|
20.87
|
33.12
|
11.36
|
18.63
|
29.56
|
KM-21-19
|
377.8
|
378.3
|
0.5
|
3.39
|
5.59
|
6.83
|
128.0
|
0.63
|
10.58
|
17.34
|
27.52
|
8.81
|
14.44
|
22.92
|
KM-21-20
|
442.7
|
443.6
|
0.9
|
2.56
|
0.52
|
3.52
|
18.5
|
0.14
|
4.40
|
7.22
|
11.45
|
3.98
|
6.52
|
10.34
|
KM-21-20
|
456.0
|
458.1
|
2.1
|
1.49
|
0.35
|
0.14
|
6.0
|
0.04
|
1.81
|
2.97
|
4.71
|
1.63
|
2.66
|
4.23
|
KM-21-21
|
452.6
|
495.5
|
42.8
|
0.80
|
0.78
|
1.52
|
15.1
|
0.15
|
2.01
|
3.29
|
5.22
|
1.73
|
2.83
|
4.49
|
including
|
488.7
|
493.5
|
4.8
|
0.26
|
2.50
|
6.13
|
27.6
|
0.54
|
4.48
|
7.34
|
11.65
|
3.74
|
6.13
|
9.73
|
KM-21-21A
|
422.0
|
431.4
|
9.4
|
1.17
|
0.57
|
2.25
|
8.6
|
0.36
|
2.53
|
4.15
|
6.58
|
2.25
|
3.68
|
5.85
|
KM-21-21A
|
439.1
|
502.1
|
63.0
|
0.45
|
1.28
|
3.14
|
58.8
|
0.77
|
3.08
|
5.04
|
8.00
|
2.57
|
4.21
|
6.67
|
including
|
465.0
|
481.9
|
16.9
|
0.52
|
2.45
|
4.05
|
80.9
|
0.99
|
4.43
|
7.26
|
11.53
|
3.62
|
5.94
|
9.42
|
KM-21-22
|
679.4
|
682.8
|
3.4
|
0.79
|
0.95
|
0.06
|
12.0
|
0.01
|
1.49
|
2.44
|
3.87
|
1.23
|
2.01
|
3.20
|
KM-21-23
|
394.4
|
401.4
|
7.0
|
0.36
|
0.93
|
1.94
|
13.5
|
1.17
|
2.05
|
3.35
|
5.32
|
1.73
|
2.84
|
4.51
|
KM-21-23
|
438.6
|
459.2
|
20.6
|
0.17
|
1.18
|
1.93
|
27.8
|
0.37
|
1.94
|
3.17
|
5.03
|
1.58
|
2.59
|
4.11
|
KM-21-24
|
501.2
|
592.1
|
90.8
|
0.45
|
1.33
|
3.42
|
44.6
|
0.41
|
3.02
|
4.95
|
7.86
|
2.53
|
4.15
|
6.59
|
including
|
501.2
|
521.7
|
20.4
|
1.34
|
1.70
|
6.35
|
113.1
|
0.66
|
5.86
|
9.60
|
15.24
|
4.99
|
8.18
|
12.99
|
including
|
520.9
|
521.7
|
0.8
|
1.75
|
16.50
|
9.55
|
574.0
|
1.22
|
20.31
|
33.29
|
52.82
|
15.57
|
25.52
|
40.50
|
including
|
575.9
|
592.1
|
16.2
|
0.16
|
2.50
|
6.00
|
44.4
|
0.79
|
4.51
|
7.40
|
11.74
|
3.75
|
6.14
|
9.74
|
including
|
588.7
|
590.4
|
1.7
|
0.47
|
9.98
|
23.70
|
18.2
|
0.13
|
15.84
|
25.96
|
41.20
|
13.21
|
21.65
|
34.36
|
KM-21-25
|
662.6
|
741.3
|
78.6
|
1.41
|
2.33
|
2.79
|
43.4
|
0.35
|
4.33
|
7.10
|
11.26
|
3.61
|
5.92
|
9.40
|
including
|
663.2
|
672.7
|
9.4
|
8.06
|
1.84
|
1.31
|
92.3
|
0.15
|
10.45
|
17.13
|
27.18
|
9.30
|
15.24
|
24.19
|
including
|
693.0
|
703.9
|
11.0
|
0.68
|
6.28
|
10.40
|
99.7
|
1.17
|
9.56
|
15.66
|
24.86
|
7.79
|
12.77
|
20.27
|
KM-21-25A
|
654.7
|
719.9
|
65.2
|
1.04
|
1.94
|
2.15
|
18.9
|
0.18
|
3.25
|
5.32
|
8.44
|
2.71
|
4.43
|
7.04
|
including
|
655.5
|
662.8
|
7.3
|
3.66
|
2.09
|
1.85
|
30.2
|
0.21
|
5.93
|
9.73
|
15.44
|
5.17
|
8.47
|
13.44
|
including
|
710.8
|
716.9
|
6.1
|
2.72
|
7.95
|
3.73
|
37.4
|
0.31
|
9.37
|
15.36
|
24.38
|
7.52
|
12.33
|
19.56
|
KM-21-25B
|
647.2
|
648.9
|
1.7
|
0.13
|
0.58
|
2.41
|
62.1
|
0.64
|
2.04
|
3.35
|
5.31
|
1.70
|
2.79
|
4.42
|
KM-21-25B
|
655.6
|
659.9
|
4.3
|
0.93
|
0.91
|
0.91
|
25.3
|
0.19
|
2.07
|
3.40
|
5.40
|
1.75
|
2.88
|
4.56
|
KM-21-25B
|
666.0
|
667.8
|
1.8
|
0.60
|
0.72
|
2.98
|
33.5
|
0.43
|
2.55
|
4.18
|
6.63
|
2.20
|
3.61
|
5.72
|
KM-21-25B
|
673.3
|
674.7
|
1.4
|
0.08
|
2.10
|
2.39
|
23.0
|
0.33
|
2.53
|
4.15
|
6.58
|
2.01
|
3.29
|
5.23
|
KM-21-25B
|
681.2
|
682.6
|
1.4
|
0.09
|
1.54
|
2.98
|
11.0
|
0.35
|
2.34
|
3.83
|
6.08
|
1.93
|
3.16
|
5.01
|
KM-21-26
|
506.7
|
582.8
|
76.0
|
0.79
|
1.61
|
4.23
|
32.7
|
0.54
|
3.78
|
6.19
|
9.83
|
3.21
|
5.27
|
8.36
|
including
|
511.1
|
526.1
|
14.9
|
0.73
|
1.78
|
9.68
|
43.3
|
0.77
|
6.05
|
9.92
|
15.74
|
5.26
|
8.63
|
13.69
|
including
|
573.8
|
582.8
|
9.0
|
4.02
|
6.06
|
3.32
|
18.2
|
0.19
|
9.18
|
15.04
|
23.87
|
7.64
|
12.52
|
19.87
|
KM-21-27
|
706.8
|
738.2
|
31.4
|
1.58
|
0.16
|
0.69
|
9.0
|
0.06
|
2.03
|
3.33
|
5.28
|
1.85
|
3.03
|
4.80
|
KM-21-27
|
764.4
|
777.4
|
13.0
|
2.85
|
0.48
|
0.17
|
8.5
|
0.02
|
3.29
|
5.39
|
8.55
|
2.97
|
4.87
|
7.73
|
KM-21-27A
|
666.3
|
769.4
|
103.1
|
0.79
|
1.06
|
1.90
|
35.8
|
0.42
|
2.54
|
4.17
|
6.62
|
2.15
|
3.52
|
5.59
|
including
|
666.3
|
687.0
|
20.7
|
3.21
|
1.39
|
1.26
|
19.4
|
0.20
|
4.74
|
7.77
|
12.33
|
4.18
|
6.84
|
10.86
|
including
|
706.4
|
724.6
|
18.3
|
0.69
|
2.69
|
4.70
|
92.2
|
1.21
|
5.13
|
8.41
|
13.35
|
4.22
|
6.91
|
10.97
|
including
|
752.9
|
763.8
|
11.0
|
0.07
|
1.07
|
4.68
|
95.3
|
0.98
|
3.49
|
5.73
|
9.09
|
2.92
|
4.78
|
7.59
|
KM-21-27B
|
665.8
|
762.9
|
97.1
|
1.31
|
1.62
|
3.21
|
31.7
|
0.40
|
3.88
|
6.35
|
10.08
|
3.31
|
5.42
|
8.61
|
including
|
702.0
|
723.0
|
21.0
|
0.87
|
4.56
|
9.03
|
81.5
|
1.10
|
8.01
|
13.13
|
20.83
|
6.63
|
10.87
|
17.25
|
including
|
723.0
|
738.2
|
15.2
|
4.97
|
0.36
|
0.42
|
18.7
|
0.05
|
5.51
|
9.03
|
14.33
|
5.04
|
8.26
|
13.11
|
KM-21-28
|
640.7
|
694.9
|
54.3
|
1.87
|
2.85
|
5.03
|
29.4
|
0.70
|
5.93
|
9.72
|
15.43
|
5.04
|
8.26
|
13.12
|
including
|
660.2
|
671.6
|
11.4
|
0.54
|
4.29
|
9.30
|
32.2
|
1.17
|
7.24
|
11.87
|
18.84
|
6.04
|
9.89
|
15.70
|
including
|
681.1
|
689.0
|
7.9
|
4.39
|
9.47
|
10.34
|
93.1
|
2.41
|
15.42
|
25.27
|
40.10
|
12.80
|
20.98
|
33.29
|
including
|
690.4
|
692.6
|
2.2
|
16.06
|
0.82
|
0.06
|
55.8
|
0.01
|
17.02
|
27.90
|
44.28
|
15.62
|
25.61
|
40.64
|
KM-21-29
|
393.0
|
393.8
|
0.8
|
0.43
|
1.54
|
4.92
|
9.0
|
0.21
|
3.38
|
5.54
|
8.79
|
2.89
|
4.74
|
7.53
|
KM-21-30
|
264.9
|
267.9
|
3.0
|
1.18
|
0.02
|
0.01
|
1.5
|
0.00
|
1.21
|
1.98
|
3.15
|
1.12
|
1.83
|
2.91
|
KM-21-32
|
316.4
|
320.0
|
3.7
|
1.84
|
1.29
|
2.47
|
38.5
|
0.30
|
3.95
|
6.47
|
10.27
|
3.41
|
5.60
|
8.88
|
KM-21-32
|
342.9
|
345.9
|
3.0
|
0.67
|
0.52
|
2.70
|
13.0
|
0.15
|
2.16
|
3.54
|
5.62
|
1.90
|
3.12
|
4.95
|
KM-21-32
|
358.9
|
368.4
|
9.4
|
0.60
|
1.47
|
1.99
|
45.7
|
0.35
|
2.70
|
4.42
|
7.01
|
2.22
|
3.63
|
5.76
|
KM-21-33
|
171.3
|
172.5
|
1.2
|
3.79
|
0.45
|
0.21
|
63.0
|
0.17
|
4.69
|
7.68
|
12.19
|
4.19
|
6.86
|
10.89
|
KM-21-34
|
299.3
|
303.9
|
4.6
|
0.29
|
1.69
|
0.94
|
46.3
|
0.26
|
2.12
|
3.47
|
5.50
|
1.65
|
2.70
|
4.29
|
KM-21-34
|
309.7
|
310.9
|
1.2
|
2.27
|
0.56
|
1.55
|
19.9
|
0.08
|
3.38
|
5.54
|
8.80
|
3.03
|
4.96
|
7.87
|
KM-21-35
|
609.6
|
615.1
|
5.5
|
0.92
|
1.26
|
1.71
|
57.7
|
0.02
|
2.80
|
4.60
|
7.29
|
2.33
|
3.82
|
6.06
|
including
|
609.6
|
613.0
|
3.4
|
1.39
|
1.69
|
1.98
|
54.0
|
0.01
|
3.61
|
5.92
|
9.40
|
3.03
|
4.96
|
7.87
|
KM-21-38
|
406.5
|
407.8
|
1.4
|
0.60
|
1.08
|
9.41
|
4.0
|
0.25
|
4.96
|
8.13
|
12.90
|
4.42
|
7.24
|
11.49
|
KM-21-38
|
467.4
|
476.1
|
8.7
|
0.09
|
1.73
|
3.87
|
61.1
|
1.22
|
3.38
|
5.55
|
8.80
|
2.78
|
4.56
|
7.23
|
including
|
470.0
|
475.2
|
5.2
|
0.12
|
2.44
|
5.68
|
87.5
|
1.79
|
4.88
|
8.01
|
12.71
|
4.02
|
6.59
|
10.46
|
KM-21-40
|
589.8
|
613.8
|
24.0
|
4.98
|
0.61
|
0.98
|
23.4
|
0.45
|
6.01
|
9.86
|
15.65
|
5.46
|
8.95
|
14.21
|
including
|
589.8
|
597.9
|
8.1
|
7.63
|
0.43
|
0.39
|
27.1
|
0.17
|
8.30
|
13.60
|
21.58
|
7.61
|
12.47
|
19.78
|
KM-21-40
|
627.9
|
680.8
|
52.9
|
0.47
|
2.91
|
3.40
|
35.7
|
0.40
|
3.93
|
6.44
|
10.22
|
3.17
|
5.20
|
8.25
|
including
|
641.1
|
648.3
|
7.2
|
1.15
|
7.66
|
8.27
|
88.5
|
0.92
|
9.90
|
16.23
|
25.76
|
7.95
|
13.03
|
20.68
|
including
|
670.3
|
674.1
|
3.8
|
1.53
|
10.89
|
9.47
|
24.6
|
0.61
|
12.15
|
19.91
|
31.59
|
9.69
|
15.88
|
25.19
|
KM-21-41
|
462.6
|
559.3
|
96.7
|
1.04
|
1.54
|
2.66
|
40.8
|
0.35
|
3.41
|
5.59
|
8.86
|
2.87
|
4.71
|
7.47
|
including
|
503.2
|
514.2
|
11.0
|
0.99
|
5.34
|
8.17
|
106.3
|
1.63
|
8.59
|
14.08
|
22.35
|
7.02
|
11.51
|
18.26
|
including
|
546.7
|
558.1
|
11.4
|
5.86
|
5.83
|
3.24
|
185.4
|
0.04
|
12.14
|
19.90
|
31.58
|
10.15
|
16.64
|
26.40
|
including
|
553.1
|
556.9
|
3.8
|
7.11
|
9.55
|
5.70
|
505.8
|
0.09
|
19.16
|
31.41
|
49.84
|
15.62
|
25.59
|
40.62
|
KM-21-42
|
803.5
|
810.3
|
6.9
|
0.05
|
1.60
|
1.58
|
64.3
|
0.35
|
2.22
|
3.64
|
5.78
|
1.73
|
2.83
|
4.49
|
KM-21-42
|
835.5
|
839.7
|
4.3
|
0.63
|
2.46
|
2.15
|
21.7
|
0.21
|
3.18
|
5.20
|
8.26
|
2.56
|
4.20
|
6.67
|
KM-21-42
|
853.7
|
854.7
|
0.9
|
0.11
|
1.63
|
2.88
|
28.0
|
0.40
|
2.52
|
4.13
|
6.55
|
2.05
|
3.37
|
5.34
|
KM-21-42A
|
786.7
|
787.6
|
0.9
|
0.03
|
3.61
|
2.18
|
17.0
|
0.70
|
3.36
|
5.51
|
8.74
|
2.58
|
4.22
|
6.70
|
KM-21-42A
|
805.4
|
811.1
|
5.6
|
6.17
|
0.92
|
0.18
|
39.5
|
0.01
|
7.12
|
11.68
|
18.53
|
6.43
|
10.54
|
16.72
|
including
|
807.0
|
808.9
|
2.0
|
10.72
|
0.87
|
0.11
|
61.8
|
0.00
|
11.79
|
19.32
|
30.66
|
10.74
|
17.60
|
27.93
|
KM-21-42A
|
840.9
|
877.2
|
36.3
|
0.55
|
0.62
|
1.35
|
10.7
|
0.13
|
1.56
|
2.56
|
4.06
|
1.34
|
2.20
|
3.49
|
KM-21-42B
|
808.0
|
811.2
|
3.2
|
0.29
|
2.06
|
5.77
|
63.0
|
0.94
|
4.47
|
7.33
|
11.63
|
3.74
|
6.13
|
9.72
|
KM-21-42B
|
816.9
|
819.9
|
3.0
|
2.31
|
0.66
|
1.23
|
16.0
|
0.15
|
3.35
|
5.49
|
8.71
|
2.99
|
4.90
|
7.77
|
KM-21-42B
|
835.5
|
840.8
|
5.3
|
0.02
|
0.73
|
2.93
|
13.5
|
0.24
|
1.75
|
2.87
|
4.56
|
1.49
|
2.45
|
3.88
|
KM-21-42C
|
849.2
|
877.4
|
28.2
|
3.81
|
0.47
|
0.29
|
12.5
|
0.09
|
4.32
|
7.08
|
11.24
|
3.93
|
6.44
|
10.23
|
including
|
849.2
|
854.7
|
5.5
|
14.57
|
0.66
|
0.16
|
37.5
|
0.03
|
15.34
|
25.14
|
39.89
|
14.11
|
23.12
|
36.70
|
including
|
863.8
|
869.4
|
5.6
|
2.29
|
1.17
|
0.59
|
13.1
|
0.25
|
3.39
|
5.55
|
8.81
|
2.96
|
4.85
|
7.70
|
including
|
874.8
|
877.4
|
2.6
|
2.83
|
0.26
|
0.03
|
7.2
|
0.01
|
3.06
|
5.02
|
7.96
|
2.80
|
4.59
|
7.28
|
KM-21-42C
|
886.1
|
889.1
|
3.0
|
0.87
|
0.88
|
0.50
|
5.2
|
0.05
|
1.65
|
2.71
|
4.30
|
1.40
|
2.30
|
3.65
|
KM-21-43
|
583.7
|
607.1
|
23.4
|
0.39
|
0.25
|
3.68
|
3.1
|
0.02
|
1.98
|
3.25
|
5.15
|
1.79
|
2.93
|
4.65
|
including
|
598.9
|
599.8
|
0.9
|
0.50
|
0.18
|
11.30
|
3.0
|
0.03
|
4.99
|
8.17
|
12.97
|
4.56
|
7.48
|
11.87
|
KM-21-43
|
616.0
|
633.1
|
17.1
|
1.81
|
0.17
|
0.14
|
8.2
|
0.03
|
2.04
|
3.34
|
5.31
|
1.86
|
3.05
|
4.84
|
including
|
631.2
|
633.1
|
1.8
|
6.30
|
0.61
|
0.09
|
25.0
|
0.01
|
6.91
|
11.32
|
17.97
|
6.30
|
10.32
|
16.38
|
KM-21-44
|
353.4
|
377.3
|
23.9
|
0.34
|
0.97
|
2.52
|
18.3
|
0.33
|
2.12
|
3.47
|
5.50
|
1.79
|
2.93
|
4.65
|
including
|
354.0
|
356.6
|
2.6
|
0.23
|
2.14
|
7.97
|
38.9
|
0.68
|
5.06
|
8.29
|
13.15
|
4.30
|
7.05
|
11.19
|
KM-21-45
|
459.6
|
463.0
|
3.4
|
0.32
|
0.62
|
6.63
|
82.3
|
0.87
|
4.10
|
6.71
|
10.65
|
3.55
|
5.82
|
9.24
|
including
|
461.2
|
462.1
|
0.9
|
0.15
|
1.23
|
16.90
|
182.0
|
2.50
|
9.39
|
15.38
|
24.41
|
8.17
|
13.39
|
21.26
|
KM-21-46
|
350.4
|
362.9
|
12.4
|
0.66
|
2.61
|
3.69
|
40.6
|
0.39
|
4.08
|
6.69
|
10.61
|
3.34
|
5.48
|
8.70
|
including
|
350.4
|
353.3
|
2.8
|
0.77
|
5.19
|
6.83
|
107.0
|
0.72
|
7.58
|
12.42
|
19.70
|
6.11
|
10.01
|
15.88
|
KM-21-47
|
433.9
|
435.9
|
2.0
|
0.16
|
1.88
|
9.28
|
138.7
|
2.17
|
6.46
|
10.58
|
16.79
|
5.46
|
8.95
|
14.20
|
KM-21-48
|
605.2
|
610.7
|
5.5
|
3.54
|
0.45
|
0.19
|
12.7
|
0.05
|
4.00
|
6.55
|
10.40
|
3.63
|
5.95
|
9.45
|
KM-21-48
|
630.3
|
634.6
|
4.3
|
1.11
|
0.34
|
0.69
|
12.7
|
0.11
|
1.71
|
2.80
|
4.45
|
1.52
|
2.49
|
3.95
|
KM-21-48
|
685.5
|
696.8
|
11.3
|
0.98
|
0.05
|
0.06
|
4.2
|
0.02
|
1.07
|
1.75
|
2.77
|
0.98
|
1.60
|
2.54
|
KM-21-48
|
715.1
|
718.4
|
3.4
|
2.08
|
0.04
|
0.03
|
4.3
|
0.01
|
2.15
|
3.52
|
5.59
|
1.98
|
3.25
|
5.16
|
KM-21-48
|
723.0
|
724.5
|
1.5
|
1.54
|
0.07
|
0.06
|
4.0
|
0.02
|
1.64
|
2.68
|
4.26
|
1.51
|
2.47
|
3.92
|
KM-21-48
|
735.5
|
743.6
|
8.1
|
0.34
|
0.60
|
1.52
|
9.2
|
0.07
|
1.38
|
2.26
|
3.59
|
1.18
|
1.93
|
3.06
|
KM-21-48A
|
538.0
|
539.5
|
1.5
|
0.31
|
1.17
|
2.79
|
29.0
|
0.52
|
2.44
|
4.01
|
6.36
|
2.05
|
3.35
|
5.32
|
KM-21-48A
|
687.9
|
696.9
|
9.0
|
1.64
|
0.36
|
0.79
|
7.9
|
0.01
|
2.23
|
3.66
|
5.80
|
2.01
|
3.29
|
5.22
|
including
|
687.9
|
688.8
|
0.9
|
0.15
|
1.53
|
5.35
|
5.0
|
0.01
|
3.18
|
5.21
|
8.27
|
2.71
|
4.45
|
7.06
|
including
|
694.9
|
696.0
|
1.1
|
8.36
|
0.80
|
0.10
|
40.0
|
0.03
|
9.21
|
15.10
|
23.96
|
8.39
|
13.75
|
21.81
|
KM-21-49
|
lost hole
|
|
|
|
|
|
|
|
|
|
|
|
|
The true width of mineralization is estimated to be 50% to 99%
of reported core width, with an average of 76%. (2) Assumptions
used in USD for the copper and gold metal equivalent calculations
were metal prices of $4.63/lb Copper,
$1937/oz Gold, $25/oz Silver, $1.78/lb Zinc, and $1.02/lb Pb. Assumed metal recoveries (rec.),
based on a preliminary review of historic data by SRK and
ProcessIQ2, were 93% for copper, 92% for zinc, 90% for
lead, 72% silver, and 70% for gold. The following equation was used
to calculate 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 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.). Analyzed metal equivalent calculations are
reported for illustrative purposes only. The metal chosen for
reporting on an equivalent basis is the one that contributes the
most dollar value after accounting for assumed recoveries.
Table 3. Full results to date of Phase 2 Drill Program at the
Kay Mine Deposit, Yavapai County,
Arizona. See Table 2 for width and metal equivalency
notes.
|
|
|
|
Analyzed Grade
|
Analyzed Metal Equivalent
|
Metal Equivalent
|
Hole ID
|
From m
|
To m
|
Length m
|
Cu %
|
Au g/t
|
Zn %
|
Ag g/t
|
Pb %
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
KM-21-50
|
489.5
|
501.9
|
12.3
|
0.98
|
2.30
|
6.36
|
111.9
|
1.24
|
5.99
|
9.81
|
15.57
|
5.02
|
8.24
|
13.07
|
including
|
489.5
|
493.0
|
3.4
|
2.64
|
3.59
|
9.49
|
207.7
|
1.65
|
10.49
|
17.20
|
27.30
|
8.86
|
14.52
|
23.05
|
KM-21-50
|
509.0
|
562.1
|
53.1
|
0.44
|
0.84
|
1.28
|
35.8
|
0.27
|
1.79
|
2.93
|
4.65
|
1.48
|
2.42
|
3.84
|
including
|
538.1
|
545.6
|
7.5
|
0.28
|
1.94
|
2.62
|
112.8
|
0.82
|
3.55
|
5.81
|
9.23
|
2.82
|
4.63
|
7.34
|
KM-21-51B
|
860.5
|
870.2
|
9.8
|
3.00
|
0.13
|
0.10
|
6.5
|
0.05
|
3.18
|
5.21
|
8.27
|
2.93
|
4.80
|
7.62
|
including
|
864.7
|
865.6
|
0.9
|
8.70
|
0.09
|
0.09
|
16.0
|
0.10
|
8.93
|
14.64
|
23.24
|
8.27
|
13.55
|
21.51
|
KM-21-51B
|
881.5
|
884.2
|
2.7
|
0.52
|
0.22
|
0.62
|
28.3
|
0.14
|
1.15
|
1.88
|
2.98
|
0.99
|
1.61
|
2.56
|
KM-21-51B
|
893.7
|
903.4
|
9.8
|
1.51
|
0.10
|
0.06
|
4.4
|
0.01
|
1.63
|
2.67
|
4.24
|
1.49
|
2.45
|
3.89
|
including
|
898.2
|
899.3
|
1.1
|
6.56
|
0.11
|
0.10
|
15.0
|
0.04
|
6.79
|
11.13
|
17.67
|
6.28
|
10.29
|
16.32
|
KM-21-52
|
751.5
|
758.2
|
6.7
|
1.18
|
0.66
|
0.98
|
18.2
|
0.14
|
2.14
|
3.50
|
5.56
|
1.86
|
3.05
|
4.84
|
KM-21-52
|
787.5
|
789.6
|
2.1
|
0.04
|
1.27
|
1.68
|
28.5
|
0.22
|
1.73
|
2.84
|
4.50
|
1.38
|
2.25
|
3.58
|
KM-21-52A
|
763.7
|
793.1
|
29.4
|
0.25
|
1.12
|
1.36
|
51.6
|
0.47
|
1.97
|
3.22
|
5.11
|
1.58
|
2.58
|
4.10
|
including
|
763.7
|
764.9
|
1.2
|
0.38
|
3.01
|
8.69
|
132.0
|
1.68
|
6.97
|
11.43
|
18.13
|
5.80
|
9.50
|
15.08
|
including
|
771.8
|
774.5
|
2.7
|
1.39
|
2.46
|
4.59
|
116.4
|
1.82
|
5.98
|
9.81
|
15.56
|
5.00
|
8.19
|
12.99
|
including
|
781.5
|
787.6
|
6.1
|
0.31
|
2.63
|
1.64
|
119.5
|
0.65
|
3.64
|
5.97
|
9.47
|
2.81
|
4.60
|
7.30
|
KM-21-52A
|
801.3
|
802.5
|
1.2
|
0.42
|
0.90
|
1.29
|
82.0
|
0.17
|
2.15
|
3.52
|
5.59
|
1.73
|
2.83
|
4.50
|
KM-21-52A
|
818.8
|
820.2
|
1.4
|
0.39
|
1.62
|
1.29
|
188.0
|
0.36
|
3.45
|
5.65
|
8.96
|
2.66
|
4.35
|
6.91
|
KM-21-52A
|
831.2
|
852.4
|
21.2
|
0.05
|
0.91
|
0.80
|
27.2
|
0.29
|
1.19
|
1.95
|
3.10
|
0.93
|
1.52
|
2.42
|
including
|
837.0
|
841.6
|
4.6
|
0.03
|
2.16
|
1.34
|
69.0
|
0.79
|
2.59
|
4.24
|
6.73
|
1.98
|
3.24
|
5.14
|
KM-21-55
|
302.7
|
308.5
|
5.8
|
0.66
|
0.44
|
0.53
|
15.8
|
0.10
|
1.28
|
2.10
|
3.33
|
1.10
|
1.80
|
2.86
|
KM-21-56
|
434.6
|
435.9
|
1.2
|
1.53
|
0.39
|
0.13
|
19.0
|
0.01
|
1.97
|
3.23
|
5.12
|
1.75
|
2.86
|
4.54
|
KM-21-56
|
499.1
|
501.5
|
2.4
|
1.53
|
0.18
|
7.15
|
6.4
|
0.02
|
4.45
|
7.29
|
11.57
|
4.07
|
6.68
|
10.59
|
including
|
499.1
|
500.2
|
1.1
|
1.97
|
0.31
|
14.55
|
7.0
|
0.02
|
7.81
|
12.81
|
20.33
|
7.16
|
11.73
|
18.61
|
KM-21-56
|
524.0
|
525.0
|
1.1
|
0.97
|
0.12
|
0.07
|
5.0
|
0.03
|
1.12
|
1.83
|
2.91
|
1.01
|
1.66
|
2.64
|
KM-21-56
|
558.2
|
563.6
|
5.3
|
0.82
|
0.99
|
3.09
|
27.0
|
0.06
|
2.84
|
4.65
|
7.38
|
2.44
|
4.00
|
6.35
|
KM-21-56
|
577.0
|
578.2
|
1.2
|
0.02
|
1.66
|
0.47
|
5.0
|
0.02
|
1.26
|
2.06
|
3.27
|
0.92
|
1.52
|
2.41
|
KM-21-57
|
776.5
|
784.3
|
7.8
|
0.26
|
2.30
|
2.59
|
57.9
|
0.68
|
3.27
|
5.36
|
8.51
|
2.61
|
4.28
|
6.79
|
including
|
777.8
|
778.8
|
0.9
|
0.25
|
6.62
|
11.45
|
105.0
|
3.33
|
10.26
|
16.81
|
26.68
|
8.37
|
13.72
|
21.77
|
KM-21-57
|
819.9
|
835.5
|
15.5
|
1.29
|
2.17
|
2.58
|
90.9
|
0.27
|
4.39
|
7.19
|
11.41
|
3.61
|
5.92
|
9.40
|
including
|
824.0
|
827.5
|
3.5
|
3.69
|
4.67
|
3.81
|
228.5
|
0.29
|
9.88
|
16.19
|
25.69
|
8.13
|
13.33
|
21.15
|
KM-21-57
|
852.5
|
853.6
|
1.1
|
0.30
|
3.10
|
2.33
|
92.0
|
0.57
|
3.94
|
6.46
|
10.25
|
3.06
|
5.02
|
7.97
|
KM-21-57A
|
728.6
|
735.5
|
6.9
|
2.49
|
1.04
|
0.57
|
6.6
|
0.02
|
3.40
|
5.57
|
8.84
|
3.00
|
4.92
|
7.81
|
KM-21-57A
|
759.6
|
821.4
|
61.9
|
1.08
|
2.60
|
3.73
|
32.0
|
0.50
|
4.46
|
7.31
|
11.60
|
3.71
|
6.08
|
9.65
|
including
|
762.3
|
783.3
|
21.0
|
0.42
|
6.78
|
9.49
|
67.9
|
0.49
|
8.84
|
14.50
|
23.00
|
7.12
|
11.67
|
18.52
|
KM-22-57B
|
736.7
|
862.0
|
125.3
|
1.41
|
0.83
|
1.27
|
12.4
|
0.13
|
2.53
|
4.14
|
6.57
|
2.21
|
3.62
|
5.74
|
including
|
739.7
|
741.6
|
1.8
|
9.42
|
2.37
|
0.32
|
8.5
|
0.03
|
11.06
|
18.12
|
28.76
|
9.93
|
16.28
|
25.84
|
including
|
798.3
|
805.6
|
7.3
|
6.35
|
0.81
|
3.76
|
19.5
|
0.14
|
8.47
|
13.89
|
22.04
|
7.72
|
12.65
|
20.08
|
KM-22-57C
|
784.3
|
885.1
|
100.9
|
1.24
|
1.54
|
1.56
|
25.8
|
0.14
|
3.02
|
4.95
|
7.85
|
2.54
|
4.16
|
6.61
|
including
|
829.4
|
837.9
|
8.5
|
1.60
|
7.71
|
9.04
|
100.9
|
0.35
|
10.66
|
17.47
|
27.72
|
8.62
|
14.14
|
22.43
|
including
|
852.2
|
857.6
|
5.3
|
6.81
|
0.10
|
0.09
|
23.3
|
0.02
|
7.10
|
11.63
|
18.46
|
6.55
|
10.73
|
17.03
|
KM-21-58
|
577.0
|
586.4
|
9.4
|
0.43
|
1.28
|
2.48
|
41.3
|
0.47
|
2.59
|
4.25
|
6.74
|
2.15
|
3.52
|
5.59
|
KM-21-58
|
614.2
|
682.6
|
68.4
|
1.30
|
3.42
|
3.85
|
47.2
|
0.50
|
5.35
|
8.78
|
13.93
|
4.40
|
7.22
|
11.45
|
including
|
640.7
|
648.0
|
7.3
|
0.79
|
4.34
|
10.20
|
51.9
|
0.56
|
7.90
|
12.94
|
20.54
|
6.60
|
10.83
|
17.18
|
including
|
668.1
|
678.6
|
10.5
|
5.30
|
12.19
|
6.67
|
194.7
|
1.88
|
17.26
|
28.30
|
44.90
|
13.98
|
22.92
|
36.37
|
including
|
668.1
|
669.6
|
1.5
|
2.55
|
43.20
|
7.76
|
856.0
|
0.80
|
38.86
|
63.69
|
101.08
|
28.62
|
46.90
|
74.43
|
KM-21-58A
|
569.4
|
641.8
|
72.5
|
1.12
|
1.00
|
2.84
|
18.1
|
0.33
|
3.03
|
4.97
|
7.89
|
2.64
|
4.32
|
6.86
|
including
|
584.3
|
591.9
|
7.6
|
0.29
|
1.19
|
6.23
|
4.4
|
0.40
|
3.53
|
5.79
|
9.19
|
3.09
|
5.06
|
8.02
|
including
|
602.3
|
613.3
|
11.0
|
4.02
|
0.11
|
1.38
|
12.6
|
0.40
|
4.80
|
7.88
|
12.50
|
4.42
|
7.25
|
11.51
|
including
|
630.3
|
630.9
|
0.7
|
1.14
|
6.35
|
11.20
|
356.0
|
0.65
|
12.28
|
20.13
|
31.95
|
9.89
|
16.21
|
25.73
|
including
|
633.5
|
641.8
|
8.3
|
1.53
|
2.33
|
5.12
|
26.5
|
0.36
|
5.20
|
8.53
|
13.53
|
4.45
|
7.29
|
11.56
|
KM-21-58A
|
665.5
|
676.0
|
10.5
|
0.12
|
2.90
|
3.88
|
167.5
|
1.92
|
5.13
|
8.41
|
13.34
|
4.06
|
6.65
|
10.55
|
including
|
672.5
|
676.0
|
3.5
|
0.12
|
6.89
|
6.40
|
332.0
|
3.81
|
10.26
|
16.82
|
26.70
|
7.98
|
13.07
|
20.74
|
including
|
673.6
|
674.5
|
0.9
|
0.28
|
19.65
|
12.65
|
844.0
|
10.20
|
26.07
|
42.74
|
67.82
|
19.97
|
32.73
|
51.94
|
KM-21-58B
|
543.2
|
627.6
|
84.4
|
1.05
|
2.38
|
3.44
|
23.8
|
0.55
|
4.13
|
6.77
|
10.75
|
3.45
|
5.66
|
8.98
|
including
|
571.2
|
582.5
|
11.3
|
0.51
|
5.27
|
9.96
|
35.4
|
1.52
|
8.18
|
13.40
|
21.27
|
6.76
|
11.08
|
17.58
|
including
|
605.3
|
622.7
|
17.4
|
3.20
|
6.19
|
4.18
|
40.9
|
0.22
|
8.96
|
14.69
|
23.31
|
7.38
|
12.09
|
19.19
|
including
|
609.6
|
612.0
|
2.4
|
1.45
|
17.73
|
7.97
|
82.5
|
0.44
|
16.08
|
26.35
|
41.81
|
12.29
|
20.15
|
31.97
|
KM-22-59A
|
903.7
|
905.9
|
2.1
|
0.61
|
0.10
|
0.65
|
10.3
|
0.10
|
1.02
|
1.68
|
2.66
|
0.92
|
1.50
|
2.38
|
KM-22-60
|
554.7
|
648.0
|
93.3
|
1.36
|
5.65
|
3.25
|
32.6
|
0.34
|
6.39
|
10.47
|
16.62
|
5.08
|
8.32
|
13.21
|
including
|
591.6
|
597.7
|
6.1
|
0.58
|
5.62
|
12.00
|
56.3
|
1.40
|
9.37
|
15.37
|
24.38
|
7.78
|
12.75
|
20.24
|
including
|
627.0
|
644.5
|
17.5
|
5.22
|
25.37
|
4.71
|
100.6
|
0.59
|
23.44
|
38.42
|
60.98
|
18.05
|
29.59
|
46.95
|
including
|
634.3
|
635.5
|
1.2
|
5.63
|
273.00
|
0.18
|
715.0
|
0.28
|
177.99
|
291.74
|
462.98
|
126.03
|
206.57
|
327.82
|
KM-22-61
|
560.8
|
580.0
|
19.2
|
0.72
|
0.20
|
0.69
|
7.0
|
0.06
|
1.18
|
1.93
|
3.07
|
1.05
|
1.73
|
2.74
|
KM-22-62
|
636.6
|
682.8
|
46.2
|
0.22
|
1.47
|
3.22
|
53.5
|
0.47
|
2.89
|
4.73
|
7.51
|
2.37
|
3.89
|
6.18
|
including
|
644.4
|
646.2
|
1.8
|
0.89
|
4.36
|
19.26
|
133.0
|
0.77
|
12.18
|
19.96
|
31.68
|
10.41
|
17.07
|
27.09
|
including
|
650.7
|
657.5
|
6.8
|
0.34
|
3.21
|
9.59
|
145.2
|
1.79
|
7.53
|
12.34
|
19.59
|
6.26
|
10.26
|
16.29
|
including
|
663.2
|
665.5
|
2.3
|
0.53
|
8.66
|
7.82
|
181.6
|
1.55
|
10.60
|
17.38
|
27.58
|
8.30
|
13.61
|
21.60
|
KM-22-62
|
704.1
|
706.2
|
2.1
|
0.36
|
2.88
|
3.33
|
61.5
|
0.46
|
3.99
|
6.53
|
10.37
|
3.18
|
5.22
|
8.28
|
KM-22-62A
|
582.2
|
643.6
|
61.4
|
0.31
|
1.27
|
2.65
|
40.8
|
0.58
|
2.55
|
4.18
|
6.64
|
2.11
|
3.47
|
5.50
|
including
|
593.1
|
602.4
|
9.3
|
1.15
|
2.29
|
4.37
|
52.4
|
0.91
|
4.85
|
7.94
|
12.60
|
4.08
|
6.68
|
10.60
|
including
|
608.9
|
617.8
|
8.8
|
0.20
|
1.79
|
4.26
|
91.2
|
1.15
|
3.90
|
6.40
|
10.15
|
3.20
|
5.25
|
8.33
|
including
|
627.7
|
630.9
|
3.2
|
0.41
|
7.10
|
15.01
|
180.0
|
2.77
|
12.56
|
20.58
|
32.66
|
10.31
|
16.89
|
26.81
|
KM-22-62A
|
653.8
|
660.5
|
6.7
|
0.26
|
1.69
|
2.58
|
90.4
|
0.75
|
3.17
|
5.19
|
8.24
|
2.54
|
4.17
|
6.61
|
KM-22-62B
|
590.9
|
599.4
|
8.5
|
1.48
|
0.47
|
1.04
|
21.6
|
0.27
|
2.39
|
3.92
|
6.23
|
2.12
|
3.47
|
5.51
|
KM-22-62B
|
606.2
|
629.0
|
22.7
|
0.20
|
1.05
|
1.77
|
21.2
|
0.23
|
1.75
|
2.86
|
4.54
|
1.43
|
2.35
|
3.73
|
including
|
623.8
|
629.0
|
5.2
|
0.21
|
3.61
|
6.52
|
56.6
|
0.81
|
5.55
|
9.09
|
14.43
|
4.53
|
7.42
|
11.78
|
KM-22-62C
|
613.6
|
630.3
|
16.8
|
0.57
|
0.40
|
0.48
|
20.5
|
0.11
|
1.18
|
1.94
|
3.07
|
1.01
|
1.65
|
2.62
|
KM-22-62C
|
638.3
|
653.8
|
15.5
|
0.25
|
2.34
|
3.34
|
34.8
|
0.34
|
3.31
|
5.43
|
8.62
|
2.68
|
4.39
|
6.97
|
including
|
648.5
|
653.8
|
5.3
|
0.32
|
4.21
|
6.57
|
74.7
|
0.73
|
6.18
|
10.12
|
16.06
|
5.00
|
8.19
|
13.00
|
KM-22-63
|
982.2
|
983.1
|
0.9
|
3.41
|
1.23
|
2.19
|
47.0
|
0.24
|
5.43
|
8.90
|
14.12
|
4.79
|
7.85
|
12.45
|
KM-22-63A
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-63B
|
890.3
|
891.8
|
1.5
|
0.10
|
0.47
|
0.43
|
15.0
|
0.08
|
0.68
|
1.12
|
1.77
|
0.54
|
0.89
|
1.41
|
KM-22-63C
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-63D
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-64
|
317.4
|
325.5
|
8.1
|
1.13
|
0.09
|
2.30
|
14.3
|
0.08
|
2.20
|
3.60
|
5.72
|
2.00
|
3.27
|
5.20
|
KM-22-65
|
334.4
|
337.1
|
2.7
|
1.39
|
0.06
|
0.34
|
7.0
|
0.03
|
1.62
|
2.65
|
4.21
|
1.48
|
2.43
|
3.86
|
KM-22-66
|
384.4
|
414.8
|
30.5
|
1.00
|
0.11
|
0.09
|
3.0
|
0.01
|
1.13
|
1.85
|
2.94
|
1.03
|
1.69
|
2.68
|
KM-22-67
|
340.2
|
345.9
|
5.8
|
0.38
|
0.06
|
0.55
|
4.4
|
0.09
|
0.69
|
1.13
|
1.79
|
0.62
|
1.02
|
1.61
|
KM-22-68
|
407.2
|
408.7
|
1.5
|
1.71
|
0.49
|
0.08
|
8.4
|
0.06
|
2.11
|
3.46
|
5.49
|
1.88
|
3.08
|
4.89
|
KM-22-68
|
435.9
|
446.5
|
10.7
|
0.54
|
0.18
|
0.29
|
4.3
|
0.04
|
0.80
|
1.31
|
2.08
|
0.71
|
1.17
|
1.85
|
KM-22-69
|
342.0
|
343.6
|
1.6
|
1.19
|
0.87
|
0.96
|
25.7
|
0.06
|
2.30
|
3.78
|
5.99
|
1.97
|
3.24
|
5.14
|
KM-22-70
|
lost hole
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-71
|
631.2
|
648.5
|
17.3
|
0.53
|
0.16
|
0.21
|
9.6
|
0.01
|
0.78
|
1.28
|
2.03
|
0.69
|
1.12
|
1.78
|
KM-22-71
|
657.8
|
668.6
|
10.8
|
3.18
|
0.35
|
0.16
|
22.6
|
0.01
|
3.64
|
5.96
|
9.46
|
3.29
|
5.40
|
8.57
|
including
|
657.8
|
661.4
|
3.7
|
6.75
|
0.28
|
0.09
|
30.9
|
0.02
|
7.20
|
11.81
|
18.74
|
6.61
|
10.83
|
17.19
|
KM-22-71A
|
554.3
|
561.4
|
7.2
|
0.39
|
0.22
|
0.64
|
10.3
|
0.22
|
0.90
|
1.47
|
2.34
|
0.78
|
1.29
|
2.04
|
KM-22-72
|
637.6
|
660.2
|
22.6
|
0.34
|
0.38
|
1.15
|
13.0
|
0.27
|
1.18
|
1.93
|
3.06
|
1.01
|
1.66
|
2.63
|
KM-22-72
|
669.3
|
671.3
|
2.0
|
0.17
|
2.15
|
4.15
|
23.1
|
0.56
|
3.38
|
5.55
|
8.80
|
2.79
|
4.57
|
7.25
|
KM-22-73
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-74
|
649.2
|
688.2
|
39.0
|
0.40
|
1.77
|
3.39
|
30.5
|
0.32
|
3.09
|
5.07
|
8.05
|
2.56
|
4.20
|
6.67
|
including
|
652.6
|
659.8
|
7.2
|
0.68
|
2.57
|
5.13
|
18.0
|
0.11
|
4.39
|
7.19
|
11.42
|
3.67
|
6.02
|
9.55
|
including
|
678.5
|
688.2
|
9.8
|
0.15
|
3.08
|
5.67
|
32.0
|
0.51
|
4.57
|
7.50
|
11.90
|
3.74
|
6.13
|
9.73
|
KM-22-74
|
716.3
|
719.6
|
3.4
|
0.03
|
0.84
|
2.65
|
37.5
|
0.57
|
1.99
|
3.26
|
5.17
|
1.65
|
2.71
|
4.30
|
KM-22-75
|
690.7
|
692.8
|
2.1
|
0.23
|
0.25
|
0.84
|
9.3
|
0.22
|
0.83
|
1.36
|
2.15
|
0.71
|
1.17
|
1.86
|
KM-22-75
|
705.0
|
716.9
|
11.9
|
0.67
|
0.17
|
0.30
|
8.0
|
0.05
|
0.97
|
1.58
|
2.51
|
0.86
|
1.41
|
2.24
|
KM-22-75
|
723.1
|
731.7
|
8.5
|
0.31
|
0.50
|
1.27
|
11.6
|
0.09
|
1.21
|
1.99
|
3.16
|
1.03
|
1.69
|
2.69
|
KM-22-75
|
753.5
|
754.5
|
1.1
|
0.23
|
1.22
|
1.85
|
12.0
|
0.04
|
1.78
|
2.92
|
4.64
|
1.46
|
2.39
|
3.80
|
KM-22-76
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-77
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-78
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-79
|
667.8
|
673.8
|
5.9
|
0.11
|
0.52
|
1.03
|
6.9
|
0.23
|
0.93
|
1.52
|
2.42
|
0.77
|
1.27
|
2.02
|
KM-22-79
|
681.8
|
689.8
|
7.9
|
2.12
|
1.38
|
3.14
|
47.2
|
0.27
|
4.61
|
7.55
|
11.98
|
4.00
|
6.55
|
10.40
|
KM-22-80
|
672.8
|
678.5
|
5.6
|
0.35
|
0.59
|
0.68
|
4.9
|
0.02
|
1.02
|
1.67
|
2.65
|
0.85
|
1.40
|
2.22
|
KM-22-80
|
702.9
|
705.9
|
3.0
|
0.13
|
0.04
|
0.99
|
1.0
|
0.01
|
0.54
|
0.89
|
1.41
|
0.49
|
0.81
|
1.28
|
KM-22-81
|
813.8
|
822.4
|
8.5
|
0.10
|
0.22
|
0.69
|
15.5
|
0.11
|
0.65
|
1.07
|
1.69
|
0.54
|
0.89
|
1.42
|
KM-22-81A
|
847.7
|
852.8
|
5.2
|
0.03
|
0.19
|
2.04
|
46.2
|
0.48
|
1.40
|
2.29
|
3.64
|
1.19
|
1.94
|
3.09
|
KM-22-81B
|
801.8
|
805.6
|
3.8
|
9.60
|
1.81
|
1.83
|
44.6
|
0.23
|
11.81
|
19.36
|
30.72
|
10.65
|
17.45
|
27.70
|
including
|
802.7
|
804.2
|
1.5
|
14.80
|
2.75
|
2.06
|
53.0
|
0.28
|
17.75
|
29.10
|
46.18
|
16.03
|
26.27
|
41.69
|
KM-22-81B
|
815.0
|
816.0
|
0.9
|
0.93
|
0.56
|
0.49
|
28.0
|
0.21
|
1.72
|
2.82
|
4.48
|
1.47
|
2.41
|
3.83
|
KM-22-81B
|
821.6
|
823.0
|
1.4
|
0.02
|
0.03
|
1.92
|
28.0
|
0.40
|
1.09
|
1.78
|
2.83
|
0.95
|
1.56
|
2.47
|
KM-22-81B
|
836.5
|
837.3
|
0.8
|
0.05
|
0.74
|
0.69
|
15.0
|
0.46
|
0.99
|
1.62
|
2.57
|
0.79
|
1.29
|
2.04
|
KM-22-81C
|
751.5
|
754.7
|
3.2
|
1.14
|
0.43
|
0.56
|
19.6
|
0.07
|
1.79
|
2.94
|
4.66
|
1.57
|
2.57
|
4.08
|
KM-22-81C
|
775.9
|
784.0
|
8.1
|
0.21
|
0.13
|
1.01
|
18.8
|
0.22
|
0.88
|
1.44
|
2.29
|
0.76
|
1.25
|
1.99
|
KM-22-81C
|
787.0
|
788.5
|
1.5
|
0.03
|
2.02
|
1.80
|
30.0
|
0.39
|
2.27
|
3.73
|
5.92
|
1.77
|
2.91
|
4.61
|
KM-22-82
|
226.5
|
228.0
|
1.5
|
0.14
|
0.07
|
1.58
|
5.4
|
0.53
|
0.95
|
1.55
|
2.46
|
0.85
|
1.40
|
2.22
|
KM-22-82
|
301.8
|
304.2
|
2.4
|
1.18
|
0.37
|
0.13
|
2.6
|
0.02
|
1.48
|
2.42
|
3.84
|
1.32
|
2.16
|
3.42
|
KM-22-83
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-84
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-85
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-86
|
lost hole
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-86A
|
545.9
|
546.6
|
0.7
|
0.14
|
0.51
|
0.14
|
16.0
|
0.26
|
0.69
|
1.14
|
1.80
|
0.54
|
0.89
|
1.41
|
KM-22-86A
|
563.7
|
564.8
|
1.1
|
0.04
|
1.11
|
0.05
|
13.0
|
0.11
|
0.86
|
1.42
|
2.25
|
0.63
|
1.03
|
1.63
|
KM-22-86A
|
565.6
|
566.7
|
1.1
|
0.05
|
0.15
|
0.92
|
25.9
|
0.43
|
0.80
|
1.30
|
2.07
|
0.67
|
1.10
|
1.74
|
KM-22-87
|
339.9
|
348.1
|
8.2
|
0.29
|
0.31
|
0.23
|
2.0
|
0.01
|
0.59
|
0.96
|
1.53
|
0.50
|
0.82
|
1.30
|
including
|
339.9
|
340.5
|
0.6
|
1.89
|
0.09
|
0.04
|
4.0
|
0.02
|
1.99
|
3.26
|
5.17
|
1.83
|
3.00
|
4.76
|
KM-22-88
|
344.7
|
345.6
|
0.9
|
2.84
|
0.07
|
0.06
|
2.0
|
0.02
|
2.93
|
4.80
|
7.61
|
2.71
|
4.44
|
7.04
|
KM-22-89
|
447.1
|
448.5
|
1.4
|
1.09
|
0.29
|
0.06
|
5.8
|
0.11
|
1.36
|
2.23
|
3.53
|
1.21
|
1.99
|
3.15
|
KM-22-90
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-91
|
399.3
|
401.1
|
1.8
|
0.72
|
0.66
|
0.20
|
3.5
|
0.02
|
1.23
|
2.02
|
3.21
|
1.05
|
1.72
|
2.73
|
KM-22-92
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-22-93
|
478.7
|
483.3
|
4.5
|
1.85
|
0.03
|
0.02
|
4.6
|
0.00
|
1.91
|
3.13
|
4.97
|
1.77
|
2.90
|
4.60
|
KM-22-93
|
506.6
|
508.6
|
2.0
|
1.63
|
0.01
|
0.01
|
2.2
|
0.00
|
1.66
|
2.72
|
4.32
|
1.54
|
2.52
|
4.01
|
KM-22-93
|
522.4
|
527.0
|
4.6
|
0.85
|
0.05
|
0.02
|
2.6
|
0.00
|
0.90
|
1.48
|
2.35
|
0.83
|
1.36
|
2.16
|
KM-22-93
|
615.1
|
616.3
|
1.2
|
2.85
|
0.04
|
0.06
|
5.0
|
0.00
|
2.94
|
4.81
|
7.64
|
2.72
|
4.45
|
7.07
|
KM-22-94
|
797.4
|
815.0
|
17.7
|
0.73
|
0.04
|
0.06
|
3.1
|
0.01
|
0.81
|
1.33
|
2.11
|
0.74
|
1.22
|
1.93
|
including
|
797.4
|
798.7
|
1.4
|
1.43
|
0.03
|
0.02
|
3.7
|
0.02
|
1.49
|
2.44
|
3.87
|
1.37
|
2.25
|
3.58
|
KM-22-94
|
829.4
|
832.6
|
3.2
|
0.54
|
0.75
|
0.48
|
6.9
|
0.06
|
1.25
|
2.05
|
3.26
|
1.05
|
1.71
|
2.72
|
KM-22-94
|
854.5
|
855.8
|
1.3
|
0.76
|
0.09
|
0.02
|
2.0
|
0.00
|
0.84
|
1.37
|
2.18
|
0.76
|
1.25
|
1.99
|
KM-22-94A
|
829.1
|
832.4
|
3.4
|
2.18
|
0.03
|
0.07
|
5.2
|
0.05
|
2.27
|
3.73
|
5.91
|
2.10
|
3.44
|
5.47
|
including
|
829.1
|
829.7
|
0.6
|
9.43
|
0.10
|
0.27
|
22.0
|
0.23
|
9.82
|
16.09
|
25.54
|
9.08
|
14.88
|
23.61
|
KM-22-94A
|
850.1
|
853.4
|
3.4
|
0.63
|
0.11
|
0.02
|
2.4
|
0.02
|
0.73
|
1.20
|
1.90
|
0.66
|
1.08
|
1.71
|
KM-22-94A
|
858.9
|
864.9
|
5.9
|
0.62
|
0.02
|
0.02
|
2.3
|
0.01
|
0.67
|
1.09
|
1.74
|
0.61
|
1.01
|
1.60
|
KM-22-94A
|
871.9
|
882.2
|
10.4
|
1.21
|
0.09
|
0.05
|
3.6
|
0.01
|
1.31
|
2.15
|
3.42
|
1.20
|
1.97
|
3.13
|
KM-22-95
|
432.8
|
435.6
|
2.7
|
0.22
|
0.12
|
0.61
|
4.1
|
0.02
|
0.57
|
0.94
|
1.48
|
0.50
|
0.83
|
1.31
|
KM-22-96
|
no significant
assays
|
|
|
|
|
|
|
|
|
|
|
|
|
KM-23-97
|
512.2
|
521.0
|
8.8
|
2.87
|
2.24
|
2.65
|
27.7
|
0.31
|
5.54
|
9.08
|
14.41
|
4.78
|
7.83
|
12.43
|
including
|
516.1
|
517.7
|
1.6
|
8.12
|
3.67
|
2.33
|
61.2
|
0.14
|
11.76
|
19.28
|
30.60
|
10.31
|
16.91
|
26.83
|
including
|
516.8
|
517.2
|
0.4
|
17.10
|
4.59
|
0.40
|
59.0
|
0.08
|
20.54
|
33.67
|
53.43
|
18.36
|
30.09
|
47.75
|
KM-23-97
|
595.3
|
596.8
|
1.5
|
0.95
|
0.80
|
0.03
|
9.0
|
0.01
|
1.52
|
2.50
|
3.97
|
1.29
|
2.11
|
3.36
|
KM-23-98
|
255.7
|
258.8
|
3.0
|
0.53
|
0.13
|
0.11
|
3.5
|
0.01
|
0.69
|
1.12
|
1.78
|
0.61
|
1.00
|
1.59
|
KM-23-98
|
312.4
|
317.0
|
4.6
|
0.70
|
0.06
|
0.13
|
4.1
|
0.02
|
0.82
|
1.35
|
2.14
|
0.75
|
1.23
|
1.95
|
KM-23-98
|
342.9
|
347.2
|
4.3
|
0.75
|
0.33
|
0.06
|
3.3
|
0.00
|
1.00
|
1.64
|
2.60
|
0.88
|
1.44
|
2.28
|
KM-23-99
|
459.8
|
462.8
|
3.0
|
0.61
|
0.28
|
0.44
|
7.0
|
0.09
|
1.02
|
1.67
|
2.65
|
0.90
|
1.47
|
2.33
|
KM-23-99
|
508.3
|
517.9
|
9.6
|
0.04
|
0.59
|
0.74
|
2.0
|
0.03
|
0.70
|
1.15
|
1.82
|
0.56
|
0.92
|
1.47
|
KM-23-100
|
305.5
|
310.0
|
4.5
|
1.33
|
0.29
|
0.40
|
16.9
|
0.05
|
1.81
|
2.96
|
4.70
|
1.61
|
2.64
|
4.19
|
KM-23-100
|
366.1
|
367.9
|
1.8
|
0.39
|
0.06
|
0.29
|
3.8
|
0.06
|
0.58
|
0.95
|
1.51
|
0.52
|
0.86
|
1.36
|
KM-23-100
|
387.4
|
388.7
|
1.3
|
0.65
|
0.11
|
0.03
|
1.3
|
0.00
|
0.74
|
1.21
|
1.92
|
0.67
|
1.10
|
1.74
|
KM-23-101
|
670.1
|
672.4
|
2.3
|
0.79
|
0.83
|
0.01
|
2.9
|
0.00
|
1.33
|
2.17
|
3.45
|
1.11
|
1.82
|
2.89
|
KM-23-102
|
345.6
|
350.1
|
4.4
|
0.52
|
0.14
|
0.18
|
2.7
|
0.05
|
0.71
|
1.16
|
1.85
|
0.64
|
1.04
|
1.65
|
KM-23-103
|
386.3
|
396.9
|
10.5
|
2.40
|
3.25
|
6.09
|
36.1
|
0.85
|
7.20
|
11.80
|
18.72
|
6.15
|
10.08
|
16.00
|
including
|
387.9
|
390.6
|
2.7
|
0.86
|
8.21
|
16.08
|
42.5
|
1.39
|
12.69
|
20.80
|
33.01
|
10.51
|
17.22
|
27.33
|
including
|
392.9
|
394.4
|
1.5
|
7.55
|
1.82
|
2.62
|
26.0
|
0.14
|
9.90
|
16.23
|
25.76
|
8.90
|
14.59
|
23.15
|
KM-23-103
|
500.8
|
504.3
|
3.5
|
0.55
|
0.23
|
0.03
|
1.7
|
0.00
|
0.72
|
1.17
|
1.86
|
0.63
|
1.03
|
1.64
|
KM-23-105
|
553.2
|
560.5
|
7.3
|
0.22
|
2.87
|
4.90
|
202.8
|
1.46
|
5.79
|
9.49
|
15.06
|
4.61
|
7.56
|
12.00
|
including
|
557.5
|
559.5
|
2.0
|
0.57
|
6.05
|
8.26
|
418.8
|
1.58
|
11.11
|
18.20
|
28.89
|
8.74
|
14.32
|
22.73
|
KM-23-105
|
572.9
|
601.7
|
28.8
|
0.22
|
0.70
|
1.09
|
39.1
|
0.26
|
1.43
|
2.35
|
3.73
|
1.17
|
1.91
|
3.03
|
including
|
573.5
|
575.8
|
2.3
|
1.07
|
1.34
|
7.28
|
246.3
|
1.57
|
6.99
|
11.46
|
18.18
|
5.86
|
9.61
|
15.25
|
KM-23-106
|
476.3
|
501.2
|
25.0
|
0.37
|
1.61
|
3.68
|
33.4
|
0.90
|
3.23
|
5.30
|
8.41
|
2.71
|
4.44
|
7.04
|
including
|
491.0
|
494.2
|
3.2
|
1.13
|
3.86
|
8.53
|
63.5
|
1.03
|
7.50
|
12.29
|
19.51
|
6.29
|
10.30
|
16.35
|
including
|
500.3
|
501.2
|
0.9
|
0.43
|
15.15
|
2.70
|
272.0
|
3.62
|
13.67
|
22.40
|
35.55
|
10.10
|
16.55
|
26.26
|
KM-23-106
|
517.4
|
566.6
|
49.2
|
1.15
|
1.19
|
1.71
|
14.4
|
0.44
|
2.75
|
4.50
|
7.15
|
2.35
|
3.86
|
6.13
|
including
|
556.3
|
566.6
|
10.4
|
5.10
|
3.05
|
0.47
|
22.6
|
0.01
|
7.33
|
12.01
|
19.06
|
6.35
|
10.40
|
16.51
|
KM-23-106
|
576.1
|
581.3
|
5.2
|
0.02
|
1.37
|
0.61
|
20.5
|
0.24
|
1.31
|
2.14
|
3.40
|
0.99
|
1.62
|
2.57
|
Table 4. Results of Phase 1 Drill Program at the Kay Mine
Deposit, Yavapai County, Arizona.
The true width of mineralization is estimated to be 50% to 99% of
reported core width, with an average of 80%.
|
|
|
|
Analyzed Grade
|
Analyzed Metal Equivalent
|
Hole ID
|
From m
|
To m
|
Length m
|
Cu %
|
Au g/t
|
Zn %
|
Ag g/t
|
Pb %
|
Cu eq %
|
Au eq g/t
|
Zn eq%
|
KM-20-01
|
275.8
|
281.5
|
5.6
|
0.57
|
0.48
|
1.20
|
11.6
|
0.18
|
1.70
|
1.61
|
4.51
|
including
|
275.8
|
276.5
|
0.6
|
0.50
|
1.22
|
5.04
|
32.0
|
0.73
|
4.23
|
4.01
|
11.22
|
including
|
279.8
|
281.5
|
1.6
|
1.21
|
0.98
|
1.49
|
22.6
|
0.23
|
3.10
|
2.94
|
8.22
|
KM-20-02
|
297.8
|
300.8
|
3.0
|
0.77
|
0.20
|
0.04
|
1.4
|
0.01
|
1.01
|
0.96
|
2.69
|
KM-20-03
|
256.3
|
259.1
|
2.7
|
3.40
|
1.01
|
0.65
|
69.6
|
0.09
|
5.41
|
5.13
|
14.35
|
including
|
256.3
|
257.3
|
0.9
|
7.42
|
1.79
|
1.11
|
56.0
|
0.17
|
10.32
|
9.78
|
27.37
|
KM-20-03
|
292.2
|
292.6
|
0.5
|
2.43
|
0.19
|
0.15
|
2.0
|
0.04
|
2.72
|
2.57
|
7.20
|
KM-20-03
|
295.4
|
295.8
|
0.5
|
1.35
|
0.80
|
0.91
|
6.0
|
0.06
|
2.61
|
2.47
|
6.92
|
KM-20-03A
|
252.4
|
256.9
|
4.6
|
3.70
|
2.55
|
0.27
|
35.6
|
0.03
|
6.85
|
6.49
|
18.15
|
including
|
252.4
|
253.1
|
0.8
|
9.74
|
6.34
|
0.40
|
164.0
|
0.11
|
18.19
|
17.24
|
48.23
|
KM-20-05
|
266.6
|
269.0
|
2.4
|
6.47
|
1.94
|
0.57
|
43.3
|
0.14
|
9.19
|
8.71
|
24.37
|
including
|
266.6
|
267.8
|
1.2
|
10.60
|
2.21
|
1.05
|
50.0
|
0.26
|
13.89
|
13.16
|
36.83
|
KM-20-06
|
267.9
|
281.5
|
13.5
|
1.02
|
0.85
|
1.23
|
45.6
|
0.30
|
2.92
|
2.77
|
7.75
|
including
|
267.9
|
268.4
|
0.5
|
1.54
|
2.20
|
6.10
|
31.0
|
0.81
|
6.73
|
6.38
|
17.85
|
including
|
276.6
|
281.5
|
4.9
|
1.86
|
0.87
|
1.96
|
92.1
|
0.42
|
4.54
|
4.30
|
12.04
|
including
|
280.0
|
281.0
|
1.1
|
3.22
|
1.03
|
0.64
|
340.0
|
0.04
|
7.82
|
7.41
|
20.74
|
KM-20-09
|
588.1
|
588.4
|
0.3
|
0.91
|
1.74
|
1.86
|
15.0
|
0.40
|
3.72
|
3.52
|
9.86
|
KM-20-09
|
613.4
|
614.1
|
0.7
|
0.90
|
1.81
|
1.04
|
10.0
|
0.08
|
3.32
|
3.15
|
8.81
|
KM-20-09
|
614.6
|
614.9
|
0.3
|
2.64
|
0.36
|
0.98
|
19.0
|
0.10
|
3.60
|
3.41
|
9.54
|
KM-20-09
|
632.8
|
638.9
|
6.1
|
0.12
|
4.18
|
8.02
|
41.7
|
0.82
|
8.23
|
7.80
|
21.83
|
including
|
633.6
|
637.9
|
4.4
|
0.15
|
5.46
|
9.06
|
33.1
|
0.50
|
9.81
|
9.29
|
26.00
|
including
|
636.9
|
637.9
|
1.1
|
0.17
|
9.77
|
14.65
|
68.0
|
0.78
|
16.92
|
16.03
|
44.86
|
KM-20-10
|
563.6
|
568.5
|
4.9
|
2.39
|
2.16
|
3.27
|
24.9
|
0.31
|
6.24
|
5.92
|
16.55
|
including
|
563.6
|
566.6
|
3.0
|
3.66
|
2.42
|
3.16
|
28.2
|
0.32
|
7.78
|
7.38
|
20.64
|
including
|
567.2
|
568.5
|
1.2
|
0.33
|
2.52
|
5.10
|
28.4
|
0.43
|
5.33
|
5.05
|
14.12
|
KM-20-10
|
574.2
|
574.9
|
0.6
|
0.12
|
4.33
|
11.30
|
113.0
|
0.16
|
10.09
|
9.56
|
26.75
|
KM-20-10
|
577.7
|
579.3
|
1.6
|
0.03
|
0.70
|
4.38
|
45.9
|
0.68
|
3.09
|
2.93
|
8.20
|
KM-20-10
|
582.3
|
583.1
|
0.8
|
0.03
|
0.42
|
2.90
|
51.0
|
1.07
|
2.42
|
2.29
|
6.40
|
KM-20-10A
|
521.2
|
522.5
|
1.3
|
2.13
|
1.27
|
7.46
|
51.1
|
0.91
|
7.07
|
6.70
|
18.75
|
KM-20-10A
|
527.9
|
538.6
|
10.7
|
1.32
|
1.66
|
2.58
|
27.2
|
0.30
|
4.40
|
4.17
|
11.66
|
including
|
527.9
|
529.4
|
1.5
|
6.69
|
0.92
|
1.62
|
30.2
|
0.07
|
8.59
|
8.14
|
22.77
|
including
|
532.2
|
535.3
|
3.1
|
0.72
|
1.75
|
2.99
|
34.3
|
0.42
|
4.17
|
3.95
|
11.07
|
including
|
537.2
|
538.6
|
1.4
|
0.16
|
7.29
|
9.06
|
79.2
|
0.60
|
12.24
|
11.60
|
32.44
|
KM-20-10B
|
503.0
|
530.7
|
27.6
|
0.87
|
0.97
|
1.76
|
21.3
|
0.32
|
2.87
|
2.72
|
7.61
|
including
|
503.0
|
509.6
|
6.6
|
1.78
|
1.55
|
2.55
|
29.8
|
0.37
|
4.79
|
4.54
|
12.70
|
including
|
513.9
|
518.3
|
4.4
|
1.08
|
1.89
|
4.05
|
47.4
|
0.68
|
5.29
|
5.01
|
14.02
|
including
|
527.2
|
530.7
|
3.5
|
1.91
|
2.32
|
3.93
|
52.9
|
0.99
|
6.68
|
6.33
|
17.72
|
KM-20-10C
|
523.9
|
530.7
|
6.8
|
0.58
|
3.32
|
5.84
|
102.0
|
1.15
|
7.65
|
7.25
|
20.28
|
including
|
523.9
|
528.2
|
4.3
|
0.88
|
4.89
|
7.61
|
125.2
|
1.45
|
10.60
|
10.05
|
28.11
|
including
|
525.6
|
526.4
|
0.8
|
0.52
|
16.65
|
21.40
|
214.0
|
2.76
|
29.15
|
27.62
|
77.29
|
KM-20-11
|
554.1
|
556.9
|
2.7
|
4.14
|
2.83
|
3.56
|
70.0
|
0.28
|
9.23
|
8.75
|
24.48
|
KM-20-12
|
371.9
|
376.7
|
4.9
|
3.99
|
0.37
|
0.62
|
12.4
|
0.07
|
4.76
|
4.51
|
12.61
|
including
|
371.9
|
373.7
|
1.9
|
8.49
|
0.67
|
1.53
|
28.0
|
0.16
|
10.10
|
9.57
|
26.77
|
KM-20-12
|
379.5
|
404.2
|
24.7
|
0.73
|
0.08
|
0.08
|
2.3
|
0.01
|
0.87
|
0.82
|
2.30
|
KM-20-12
|
371.9
|
404.2
|
32.3
|
1.19
|
0.12
|
0.14
|
3.8
|
0.01
|
1.35
|
2.20
|
3.50
|
including
|
372.7
|
376.7
|
4.1
|
4.80
|
0.44
|
0.75
|
14.9
|
0.08
|
5.50
|
9.01
|
14.30
|
KM-20-13
|
443.6
|
486.8
|
43.1
|
1.68
|
1.26
|
1.67
|
23.3
|
0.24
|
3.94
|
3.73
|
10.45
|
including
|
444.4
|
459.6
|
15.2
|
3.42
|
1.80
|
2.36
|
38.5
|
0.39
|
6.71
|
6.36
|
17.80
|
including
|
444.4
|
447.1
|
2.7
|
1.02
|
3.74
|
10.64
|
55.0
|
1.88
|
10.14
|
9.61
|
26.89
|
including
|
451.4
|
455.8
|
4.4
|
8.41
|
1.18
|
0.16
|
65.3
|
0.02
|
10.34
|
9.80
|
27.42
|
KM-20-14
|
421.7
|
461.6
|
39.9
|
1.47
|
1.00
|
1.67
|
18.4
|
0.19
|
3.40
|
3.22
|
9.00
|
including
|
426.3
|
429.8
|
3.5
|
9.56
|
1.28
|
0.95
|
30.0
|
0.07
|
11.58
|
10.98
|
30.71
|
including
|
457.2
|
460.7
|
3.5
|
0.36
|
2.58
|
8.33
|
26.3
|
0.38
|
6.61
|
6.26
|
17.52
|
KM-20-14A
|
404.6
|
409.0
|
4.4
|
1.67
|
1.48
|
2.50
|
79.2
|
0.41
|
5.07
|
4.80
|
13.44
|
including
|
404.6
|
406.4
|
1.7
|
4.08
|
2.46
|
5.02
|
173.6
|
0.53
|
10.41
|
9.87
|
27.61
|
KM-20-14A
|
421.0
|
443.5
|
22.5
|
0.86
|
0.72
|
1.51
|
15.9
|
0.18
|
2.41
|
2.28
|
6.38
|
including
|
421.0
|
421.8
|
0.8
|
9.81
|
2.91
|
1.69
|
45.0
|
0.19
|
14.01
|
13.28
|
37.15
|
including
|
421.0
|
425.0
|
4.1
|
3.23
|
1.14
|
1.30
|
21.4
|
0.14
|
5.17
|
4.90
|
13.71
|
KM-20-15
|
506.8
|
510.1
|
3.3
|
0.05
|
0.33
|
3.73
|
192.0
|
1.75
|
4.24
|
4.02
|
11.25
|
KM-20-16
|
480.4
|
518.8
|
38.4
|
0.85
|
0.81
|
2.24
|
24.3
|
0.25
|
2.87
|
2.72
|
7.61
|
including
|
480.4
|
492.9
|
12.5
|
1.63
|
1.98
|
4.23
|
48.5
|
0.50
|
5.95
|
5.64
|
15.78
|
including
|
480.4
|
483.4
|
3.0
|
2.40
|
4.74
|
7.49
|
77.9
|
0.91
|
11.29
|
10.70
|
29.93
|
including
|
489.8
|
492.9
|
3.0
|
3.61
|
2.59
|
6.90
|
100.7
|
0.92
|
10.22
|
9.68
|
27.10
|
Table 5. Western Target surface outcrop sampling results
SampleID
|
Cu_%
|
Au_ppm
|
Zn_ppm
|
CS-001
|
4.89
|
0.41
|
117
|
CS-002
|
1.43
|
0.10
|
231
|
CS-003
|
2.16
|
0.20
|
89
|
CS-004
|
3.20
|
0.19
|
88
|
CS-005
|
4.24
|
0.10
|
42
|
CS-006
|
1.62
|
0.10
|
158
|
JCS-001
|
3.91
|
0.20
|
122
|
JCS-002
|
1.77
|
0.20
|
123
|
JCS-003
|
3.20
|
0.48
|
96
|
About Arizona Metals Corp
Arizona Metals Corp owns 100% of the Kay Mine Project in
Yavapai County, which is located
on a combination of patented and BLM claims totaling 1,300 acres
that are not subject to any royalties. An historic estimate by
Exxon Minerals in 1982 reported 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."
(Fellows, M.L., 1982, Kay Mine massive sulfide deposit: Internal
report prepared for Exxon Minerals Company, November 1982, 29 p.) The historic estimate at
the Kay Mine Deposit was reported by Exxon Minerals in 1982. The
historic estimate has not been verified as a current mineral
resource. None of the key assumptions, parameters, and methods used
to prepare the historic estimate were reported, and no resource
categories were used. Significant data compilation,
re-drilling and data verification may be required by a "qualified
person" (as defined in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects) before the historic estimate
can be verified and upgraded to be a current mineral resource. A
qualified person has not done sufficient work to classify it as a
current mineral resource, and Arizona Metals is not treating the
historic estimate as a current mineral resource.
The Kay Mine Deposit is a steeply dipping VMS deposit that has
been defined from a depth of 60 m to
at least 900 m. It is open for
expansion on strike and at depth.
The Company
also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located
on 4,400 acres of BLM claims.
Sugarloaf is a heap-leach, open-pit
target and has a historic estimate of "100
million tons containing 1.5 million ounces gold" at a grade of 0.5
g/t (Dausinger, 1983, Westworld Resources).
The historic estimate at the Sugarloaf Peak Property was
reported by Westworld Resources in 1983. The historic estimate has
not been verified as a current mineral resource. None of the key
assumptions, parameters, and methods used to prepare the historic
estimate were reported, and no resource categories were used.
Significant data compilation, re-drilling and data verification may
be required by a qualified person before the historic 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 is not treating the historic
estimate as a current mineral resource.
Qualified Person and Quality
Assurance/Quality Control
All of Arizona Metals' drill sample assay results have been
independently monitored through a quality assurance/quality control
("QA/QC") protocol which includes the insertion of blind standard
reference materials and blanks at regular intervals. Logging and
sampling were completed at Arizona Metals' core handling facilities
located in Phoenix and
Black Canyon City, Arizona. Drill
core was diamond sawn on site and half drill-core samples were
securely transported to ALS Laboratories' ("ALS") sample
preparation facility in Tucson,
Arizona. Sample pulps were sent to ALS's labs in
Vancouver, Canada, for
analysis.
Gold content was determined by fire assay of a 30-gram charge
with ICP finish (ALS method Au-AA23). Silver and 32 other elements
were analyzed by ICP methods with four-acid digestion (ALS method
ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were
determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and
Zn-OG62, respectively.
ALS Laboratories is independent of Arizona Metals Corp. and its
Vancouver facility is ISO 17025
accredited. ALS also performed its own internal QA/QC procedures to
assure the accuracy and integrity of results. Parameters for ALS'
internal and Arizona Metals' external blind quality control samples
were acceptable for the samples analyzed. Arizona Metals is not
aware of any drilling, sampling, recovery, or other factors that
could materially affect the accuracy or reliability of the data
referred to herein.
The qualified person who reviewed and approved the technical
disclosure in this release is David
Smith, CPG, a qualified person as defined in National
Instrument43-101–Standards of Disclosure for Mineral
Projects. Mr. Smith supervised the preparation of the
scientific and technical information that forms the basis for this
news release and has reviewed and approved the disclosure herein.
Mr. Smith is the Vice-President, Exploration of the Company.
Mr. Smith supervised the drill program and verified the data
disclosed, including sampling, analytical and QA/QC data,
underlying the technical information in this news release,
including reviewing the reports of ALS, methodologies, results, and
all procedures undertaken for quality assurance and quality
control in a manner consistent with industry practice, and all
matters were consistent and accurate according to his professional
judgement. There were no limitations on the verification
process.
Disclaimer
This press release contains statements that constitute
"forward-looking information" (collectively, "forward-looking
statements") within the meaning of the applicable Canadian
securities legislation, All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words
and phrases or stating that certain actions, events or results
"may" or "could", "would", "might" or "will" be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements contained in
this press release include, without limitation, statements
regarding drill results and future drilling and assays, completion
of the Phase 2 drill program, commencement and anticipated costs of
the Phase 3 drill program, and the potential existence and size of
VMS deposits at the Kay Mine Project. In making the forward-
looking statements contained in this press release, the Company has
made certain assumptions. Although the Company believes that the
expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: availability of financing;
delay or failure to receive required permits or regulatory
approvals; and general business, economic, competitive, political
and social uncertainties. Accordingly, readers should not place
undue reliance on the forward-looking statements and information
contained in this press release. Except as required by law, the
Company disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward- looking
statements or otherwise.
NEITHER THE TSX VENTURE EXCHANGE
(NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
____________________________
|
1 SRK
Consulting (Canada) Inc., March 2022, Updated Metallurgical Review,
Kay Mine, Arizona. Report 3CA061.004
|
2 SRK
Consulting (Canada) Inc., March 2022, Updated Metallurgical Review,
Kay Mine, Arizona. Report 3CA061.004
|
SOURCE Arizona Metals Corp.