Hole 57B contains the project's highest copper analysis to date, grading 20.7% Cu (over 1.5m from 802.2m downhole). Hole 57B intersected 125.3m at a grade of 3.2% copper-equivalent (CuEq), including higher-grade intervals of 1.8m grading 9.9% CuEq and 7.3m grading 7.7% CuEq, from a depth of 728m. The bulk of our spending going forward will be to test the 16 western anomalies, aiming for new discoveries," he added. We have ordered a fourth rig for the same reason. The third rig is now purely focused on exploration drilling to find new deposits. "We now have two rigs at the Kay deposit to extend mineralisation and work on resource definition.
"Our goal now is to see if we can find another deposit outside of Kay but also to define the Kay deposit an NI 43-101-compliant resource, so we can show the potential for an economic deposit," explained Marc Pais, Arizona Metals' president and CEO. Pads have already been permitted and built to test the strike extensions, and the company has submitted applications to the BLM for additional drill pads (C1 and C2) located west of the Central target, "which will allow for drill testing of the Central target from the west side, while also allowing for drilling of additional coincident anomalies located between the Central and Western targets". Drilling on the first hole started on April 23.Īrizona Metals focuses on extending Kay's mineralisation through further drilling on strike by 500m north and 300m south, as well as 16 untested targets to the west. The company has planned an initial programme at the Central target of up to 20 holes totalling 11,000m.
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