The President and CEO of Arizona Metals Corp., Duncan Middlemiss, joins GoldSeek TV in Zurich to talk about their two projects in Arizona with a world-class potential VMS deposit.
The Kay Mine Project is a polymetallic deposit located about 45 minutes north of Phoenix, Arizona. It has a resource done on it by Exxon on it from the early 1980s with 6.4M tons at 2.2% copper and 2.8 g/t gold along with zinc and silver, but that went down to only 500-meters. Arizona Metals s extended the deposit down to about 950 meters below surface, which nearly doubled that. We wanted to come out with an updated resource during H1 of 2024, but as we were finishing up the drilling we accidentally hit nearly 50-meters of 6.7 grams of gold equivalent, nearly 110-meters from the closest mineralized hole.
So our focus has been on defining this off as fast as we can and trying to understand if this is part of the existing Kay deposit or if this is a separate lens (Kay II). A lot more drilling coming up and we plan to release an updated resource in the first half of 2025.
Sugarloaf Peak to the west of Phoenix, Arizona is a gold asset with a historic resource of 1.5 million ounces at half a gram with good recoveries. The deposit really seems expandable at along strike and at depth. A lot of opportunity to grow its resource size.
To earn more a Arizona Metals Corp please visit https://arizonametalscorp.com/
Read the full article here