Arizona Sonoran Copper Company Inc. (TSX:ASCU |
OTCQX:ASCUF) (“ASCU” or the “Company”), reports additional
drill assay results from the Cactus West and Cactus East deposits
within the Cactus Project, Arizona. A total of 9 drill holes were
completed for a total of 18,215 ft (5,552 m) supporting the 125 ft
(38 m) infill-to-measured and geotechnical drilling programs (see
FIGURES 1 – 12).
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Thick and high-grade total copper (“CuT”) and soluble copper
(“Cu TSol”) intervals within this Cactus
East measured drilling (125 ft | 38 m drill centres) remains
consistent with indicated drilling results from the 2023 updated
mineral resource.
At Cactus West, infill and
geotechnical drilling returned wide intervals of primary copper
mineralization both below and at the extents of the Cactus West
mineral resource shell. The encouraging results support the need
for an expanded Cactus West infill and exploration drill program as
per the Nuton LLC Joint Venture press release (see PR Dec 14,
2023). ASCU is currently finalizing the 2024 work plan, which
will include follow up drilling at Cactus West and MainSpring, and
metallurgical test work for the Nuton Case Integrated
Pre-feasibility Study. The Nuton case PFS will build upon ASCU’s
Standalone PFS expected in Q1 2024.
Drilling Highlights: - ECE-177: 730.7 ft (223 m) @
0.92 % CuT of continuous mineralization
- 417 ft (127 m) @ 1.34% CuT, 1.27% Cu TSol, 0.031% Mo
(enriched)
- Incl 55 ft (17 m) @ 2.03% CuT, 1.97% Cu TSol, 0.025% Mo
- 265 ft (81 m) @ 0.36% CuT, 0.028% Mo (primary)
- ECW-150: 1,416 ft (432 m) @ 0.45% CuT of continuous
mineralization
- 168 ft (51 m) @ 0.62% CuT, 0.51% Cu TSol, 0.006% Mo
(enriched)
- 1,174 ft (358 m) @ 0.43% CuT, 0.011% Mo
- Incl. 674.5 ft (205 m) @ 0.40% CuT, 0.10% Mo primary
mineralization extending below the reported resource pit
extents
- ECE-179: 670 ft (204 m) @ 0.78% CuT of continuous
mineralization
- 287 ft (88 m) @ 1.37% CuT, 1.30% Cu TSol, 0.033% Mo
(enriched)
- Incl 108 ft (33 m) @ 1.78% CuT, 1.72% Cu TSol, 0.042% Mo
- ECE-185: 881 ft (269 m) @ 0.52% CuT of continuous
mineralization
- 436 ft (133 m) @ 0.80% CuT, 0.76% Cu TSol, 0.006% Mo
(enriched)
- ECW-151: 1,496 ft (456 m) @ 0.24% CuT of continuous
mineralization from 110 ft (33 m) downhole
- 1,319 ft (402 m) @ 0.24% CuT, 0.003% Mo (primary)
- ECW-153: 935 ft (285 m) @ 0.25% CuT, 0.012% Mo
(primary)
- ECW-154: 1,589 ft (484 m) @ 0.19% CuT of continuous
mineralization
NOTE: True widths are not known; Cactus West = ECW, Cactus East
= ECE
George Ogilvie, Arizona Sonoran President and CEO
commented, “The infill to measured drilling supports the
updated Mineral Resource Estimate that we released in October 2023.
This measured infill drilling bodes well for future updates to the
Mineral Resource Estimate (MRE) and Definitive Feasibility Studies,
planned following the release of our Stand Alone PFS in 1Q24.
Specific to Cactus East it was encouraging to see an extension of
the leachable mineralization to the northeast, representing
potential future mineral resource growth.
We were particularly intrigued by the results from Cactus West,
host to the majority of the primary resources within the Cactus
MRE. At Cactus West, we continued to drill primary mineralization
for an additional 674 ft (205 m) below the existing pit-shell
demonstrating more opportunities for future resource growth along
the mine trend. Given the recent signing of the “Nuton Option to
Joint Venture Agreement” and the new focus on the primary sulphides
with our JV partner on a go forward basis, we anticipate unlocking
additional value for the shareholders of the Company.”
Drilling Recap Cactus East
Two of the three core holes drilled at Cactus East were
infill-to-measure planned drillholes. The third hole (ECE-185) was
drilled to test the northern extent of mineralization of the main
Cactus East deposit along an interpreted fault-controlled bedrock
ridge. This drillhole successfully intercepted a thick zone of
moderate grade oxide mineralization before entering enriched and
primary sulphides.
Cactus West Six angled core holes
from the proposed infill-to-measured drill program were drilled
around the perimeter of the Cactus West Pit in support of our
geotechnical program for proposed expansion of the pit in the mine
plan. These holes were targeted specifically to provide
geotechnical information, in addition to infill drilling toward
measured leachable resources at Cactus West. Their locations also
provided the opportunity to test primary mineralization at depth
which had not been the focus of previous drilling programs. In
addition to the known resource mineralization, hole ECW-150
intercepted an additional 674.2 ft (205 m) of primary
mineralization grading 0.4% CuT, within the total interval of
1,174.2 ft (358 m) @ 0.43% CuT.
TABLE 1: Significant Drilling Intercepts (Cactus East “ECE”
and Cactus West “ECW”)
Hole
Zone
Feet
Meters
CuT
Cu Tsol
Mo
id
from
to
length
from
to
length
%
%
%
Cactus East
ECE- 177
oxide
1,256.5
1,312.0
55.5
383.0
399.9
16.9
0.28
0.26
0.016
enriched
1,312.0
1,728.6
416.6
399.9
526.9
127.0
1.34
1.27
0.031
including
1,312.0
1,367.0
55.0
399.9
416.7
16.8
2.03
1.97
0.025
and
1,587.0
1,633.6
46.6
483.7
497.9
14.2
2.10
1.99
0.061
primary
1,728.6
1,993.9
265.3
526.9
607.7
80.9
0.36
0.05
0.028
including
1,878.6
1,926.0
47.4
572.6
587.0
14.4
0.47
0.04
0.023
ECE- 179
oxide
1316.8
1,403.0
86.2
401.4
427.6
26.3
0.47
0.43
0.020
including
1351.0
1,383.7
32.7
411.8
421.8
10.0
0.77
0.74
0.018
enriched
1435.0
1,722.0
287.0
437.4
524.9
87.5
1.37
1.30
0.033
including
1435.0
1,543.0
108.0
437.4
470.3
32.9
1.78
1.72
0.042
primary
1722.0
1,986.4
264.4
524.9
605.5
80.6
0.33
0.05
0.018
including
1877.0
1,907.0
30.0
572.1
581.3
9.1
0.58
0.04
0.017
ECE- 185
oxide
877.0
1,313.0
436.0
267.3
400.2
132.9
0.80
0.76
0.006
including
913.4
944.0
30.6
278.4
287.7
9.3
2.09
2.02
0.003
and
1097.0
1,145.5
48.5
334.4
349.1
14.8
1.25
1.22
0.005
and
1185.0
1,213.0
28.0
361.2
369.7
8.5
1.42
1.40
0.007
enriched
1403.0
1,565.8
162.8
427.6
477.3
49.6
0.46
0.44
0.004
including
1523.8
1,551.0
27.2
464.5
472.7
8.3
1.01
0.99
0.004
primary
1565.8
1,758.0
192.2
477.3
535.8
58.6
0.14
0.02
0.003
Cactus West
ECW- 150
oxide
440.0
514.0
74.0
134.1
156.7
22.6
0.38
0.30
0.001
enriched
514.0
682.0
168.0
156.7
207.9
51.2
0.62
0.51
0.006
including
514.0
572.0
58.0
156.7
174.3
17.7
1.12
1.03
0.003
primary
682.0
1,856.2
1,174.2
207.9
565.8
357.9
0.43
0.04
0.011
including
843.0
933.0
90.0
256.9
284.4
27.4
0.69
0.04
0.011
and
1286.0
1,316.0
30.0
392.0
401.1
9.1
0.69
0.08
0.021
and
1352.0
1,412.0
60.0
412.1
430.4
18.3
0.66
0.07
0.009
ECW- 151
enriched
109.6
287.0
177.4
33.4
87.5
54.1
0.23
0.21
0.001
primary
287.0
1,605.5
1,318.5
87.5
489.4
401.9
0.24
0.03
0.003
including
744.5
795.0
50.5
226.9
242.3
15.4
1.00
0.07
0.001
and
1425.1
1,597.0
171.9
434.4
486.8
52.4
0.59
0.05
0.017
ECW- 153
oxide
358.0
382.0
24.0
109.1
116.4
7.3
0.16
0.08
0.006
oxide
421.7
479.3
57.6
128.5
146.1
17.6
0.22
0.17
0.005
oxide
535.3
685.0
149.7
163.2
208.8
45.6
0.26
0.25
0.005
oxide
752.0
829.7
77.7
229.2
252.9
23.7
0.17
0.14
0.006
oxide
829.7
940.0
110.3
252.9
286.5
33.6
0.14
0.08
0.006
primary
940.0
1,874.9
934.9
286.5
571.5
285.0
0.25
0.03
0.012
ECW- 154
oxide
218.9
704.0
485.1
66.7
214.6
147.9
0.13
0.11
0.003
including
570.4
704.0
133.6
173.9
214.6
40.7
0.21
0.20
0.008
enriched
710.7
776.0
65.3
216.6
236.5
19.9
0.27
0.18
0.015
primary
776.0
836.0
60.0
236.5
254.8
18.3
0.25
0.04
0.010
enriched
836.0
936.0
100.0
254.8
285.3
30.5
0.27
0.14
0.009
primary
936.0
1,807.6
871.6
285.3
551.0
265.7
0.20
0.03
0.012
including
1076.0
1,106.0
30.0
328.0
337.1
9.1
0.32
0.04
0.007
and
1251.2
1,331.9
80.7
381.4
406.0
24.6
0.32
0.03
0.013
and
1616.0
1,686.0
70.0
492.6
513.9
21.3
0.32
0.03
0.011
ECW- 157
oxide
949.8
1,158.0
208.2
289.5
353.0
63.5
0.23
0.20
0.004
enriched
1158.0
1,199.0
41.0
353.0
365.5
12.5
0.10
0.09
0.004
primary
1199.0
1,576.6
377.6
365.5
480.5
115.1
0.08
0.02
0.002
ECW- 160
oxide
1116.4
1,168.0
51.6
340.3
356.0
15.7
0.33
0.25
0.008
enriched
1168.0
1,339.0
171.0
356.0
408.1
52.1
0.42
0.39
0.013
including
1188.4
1,218.0
29.6
362.2
371.2
9.0
0.80
0.78
0.020
primary
1339.0
1,747.9
408.9
408.1
532.8
124.6
0.24
0.03
0.011
including
1377.0
1,519.0
142.0
419.7
463.0
43.3
0.48
0.06
0.022
- Intervals are presented in core length and are drilled
vertically, or with dip angles from -80 to -60 degrees.
- Drill assays assume a mineralized cut-off grade of 0.1% CuT
reflecting the potential for heap leaching of openpit material in
the case of Oxide and Enriched or in the case of Primary material
to provide typical average grades. Holes were terminated below the
basement fault.
- Assay results are not capped. Intercepts are aggregated within
geological confines of major mineral zones.
- True widths are not known.
Table 2: Drilling details
Hole
Easting (m)
Northing (m)
Elevation (ft)
TD (ft)
Azimuth
Dip
Cactus East
ECE-177
424129.8
3646941.6
1469.7
2120.3
0.0
-90.0
ECE-179
424202.0
3646994.0
1492.0
2090.4
0.0
-90.0
ECE-185
424107.9
3646941.0
1468.7
2274.0
0.0
-90.0
Cactus West
ECW-150
423380.9
3646173.0
1435.0
2156.0
45.0
-65.0
ECW-151
423824.4
3646017.6
1441.0
2017.0
0.0
-60.0
ECW-153
423550.0
3647060.0
1465.0
1874.9
175.0
-65.0
ECW-154
423440.0
3647040.0
1,466.0
1,877.0
180.0
-65.0
ECW-157
422990.0
3646425.0
1434.0
2032.7
90.0
-80.0
ECW-160
422975.0
3646150.0
1425.0
1773.0
0.0
-90.0
Note: Drill locations are based on drill plans and hand-held GPS
locators and may be adjusted slightly when properly surveyed.
Quality Assurance / Quality Control Drilling completed on the
project between 2020 and 2023 was supervised by on-site ASCU
personnel who prepared core samples for assay and implemented a
full QA/QC program using blanks, standards, and duplicates to
monitor analytical accuracy and precision. The samples were sealed
on site and shipped to Skyline Laboratories in Tucson AZ for
analysis. Skyline’s sample prep, analytical methodologies, and
quality control system complies with global certifications for
Quality ISO9001:2008.
Technical aspects of this news release have been reviewed and
verified by Allan Schappert – CPG #11758, who is a qualified person
as defined by National Instrument 43-101– Standards of Disclosure
for Mineral Projects.
Links from the Press Release PR Dated December 14, 2023:
https://arizonasonoran.com/news-releases/arizona-sonoran-and-nuton-llc-announce-option-to-joint-venture-on-cactus-project-in-arizona/
Figures 1-12:
https://arizonasonoran.com/projects/cactus-mine-project/press-release-images/
Neither the TSX nor the regulating authority has approved or
disproved the information contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com) ASCU’s objective is to become a mid-tier copper
producer with low operating costs and to develop the Cactus and
Parks/Salyer Projects that could generate robust returns for
investors and provide a long term sustainable and responsible
operation for the community and all stakeholders. The Company's
principal asset is a 100% interest in the Cactus Project (former
ASARCO, Sacaton mine) which is situated on private land in an
infrastructure-rich area of Arizona. Contiguous to the Cactus
Project is the Company’s 100%-owned Parks/Salyer deposit that could
allow for a phased expansion of the Cactus Mine once it becomes a
producing asset. The Company is led by an executive management team
and Board which have a long-standing track record of successful
project delivery in North America complemented by global capital
markets expertise.
Forward-Looking Statements Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
ASCU to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling; inability to raise the money necessary to
incur the expenditures required to retain and advance the
properties; environmental liabilities (known and unknown); general
business, economic, competitive, political and social
uncertainties; results of exploration programs; accidents, labour
disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240110124007/en/
For more information Alison Dwoskin, Director, Investor
Relations 647-233-4348 adwoskin@arizonasonoran.com George Ogilvie,
President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
Arizona Sonoran Copper (TSX:ASCU)
過去 株価チャート
から 12 2024 まで 1 2025
Arizona Sonoran Copper (TSX:ASCU)
過去 株価チャート
から 1 2024 まで 1 2025
