Arizona

Arizona Metals Corp appoints Michael Gentile, CFA as strategic advisor – Enterprise Wire

arizona-metals-corp-appoints-michael-gentile-cfa-as-strategic-advisor-enterprise-wire

TORONTO – (BUSINESS WIRE) – Arizona Metals Corp. (TSX.V: AMC, OTCQB: AZMCF) (the "Company" or "Arizona Metals") announces that Michael Gentile, CFA, has been appointed as strategic advisor. Mr. Gentile and Arizona Metals will work together and strategically work together to maximize value for the Company's shareholders through the exploration and development of the Kay Mine VMS high value copper-gold project in Yavapai County, Arizona.

Michael Gentile, CFA

From 2003 to 2018, he worked as a professional money manager at Formula Growth Ltd., an independent investment management firm founded in Montreal in 1960 with years of experience in creating investor wealth. During his time at Formula Growth, the Gentile sector focused on mining and natural resources. In 2012, he and his partner Charles Haggar became co-manager of Formula Growth Alpha Fund, a market-neutral hedge fund that focuses on small to mid-cap stocks. From 2012 to 2018, the Formula Growth Alpha fund became one of the most successful market neutral funds in Canada, increasing its AUM from $ 15 million to over $ 650 million by the end of 2018.

While at Formula Growth, Michael was an early stage investor in highly successful mining and natural resources investments, returning multiples of his original investments for his investors. In October 2018, Mr. Gentile retired from full-time money management in order to be able to spend more time with his family. As a result, he remained a very active investor in mining, holding significant top 5 stakes in over 10 different small-cap mining companies. Michael is currently one of the largest shareholders and has been a strategic advisor to Radisson Mining Resources (RDS-V) since May 2019. In addition, Michael is the largest shareholder and has been a board member of Northern Superior Resources (SUP-V) since December 2019. He has been director and major shareholder of Roscan Gold (ROS-V) since January 2020 and of Solstice Gold (SGC-V) since June 2020 . Michael is currently one of the largest single shareholders in Arizona Metal and owns over 5 million shares in the company.

“I'm thrilled to be joining Arizona Metals as a strategic advisor and working with a company where I believe the flagship Kay Project has world-class potential and meets many of the criteria I look for when I do That means good management, low exploration risk, high grade, large scale, mining friendly, exploration potential and attractive valuation, ”commented Michael Gentile, CFA strategy advisor for Arizona.

“We are very excited to have Michael on board as a strategic advisor to help more investors discover this exciting investment opportunity and to help Arizona Metals advance the Kay Mine project. The upcoming Phase 2 drilling program is aimed at expanding the size of the Kay Mine deposit and discovering additional deposits for our claims. 2021 has the potential to be a year of transformation for Arizona Metals, "commented Marc Pais, President & CEO of Arizona Metals.

Arizona Metals also announces that it has granted Mr. Gentile stock options to purchase 500,000 shares at an exercise price of $ 0.68 per share for a period of three years ending November 30, 2023 under the company's stock option plan. The stock options on November 30, 2020 150,000, on April 30, 2021 150,000 and on November 30, 2021 200,000.

Figure 1. Sectional view looking north. The yellow dotted line marks a potential new zone of Au-rich Zn lenses. See Table 2 for components and grades of CuEq% and AuEq g / t.

Figure 2. Top view of the proposed Phase 2 drill program at the Kay Mine to test Kay on strike, as well as the central target (pads C1 and C2) and the western target (pads W1 and W2). Approval is in progress. Drilling is expected to begin in the first quarter of 2021.

Table 1. Results from the first drill program in the Kay Mine South Zone, Yavapai County, Arizona)

Hole ID
From m
To the
Vertical depth below the surface m
Length (m) 1
CuEq (%) 2
AuEq (g / t) 3
ZnEq (%) 4
Au g / t
Ag g / t
Cu%
Pb%
Zn%
KM-20-09

588.1

588.4

550

0.3

3.52

1.74

15.0

0.91

0.40

1.86

KM-20-09

613.4

614.1

568

0.7

3.15

1.81

10.0

0.90

0.08

1.04

KM-20-09

614.6

614.9

569

0.3

3.41

0.36

19.0

2.64

0.10

0.98

KM-20-09

632.8

638.9

578

6.1

7.80

4.18

41.7

0.12

0.82

8.02

including

633.6

637.9

4.4

9.29

5.46

33.1

0.15

0.50

9.06

including

636.9

637.9

1.1

16.03

9.77

68.0

0.17

0.78

14.65

KM-20-10

563.6

568.5

490

4.9

6.24

2.16

24.9

2.39

0.31

3.27

including

563.6

566.6

3.0

7.78

2.42

28.2

3.66

0.32

3.16

including

567.2

568.5

1.2

5.33

2.52

28.4

0.33

0.43

5.10

KM-20-10

574.2

574.9

498

0.6

10.09

4.33

113.0

0.12

0.16

11.30 a.m.

KM-20-10

577.7

579.3

500

1.6

3.09

0.70

45.9

0.03

0.68

4.38

KM-20-10

582.3

583.1

502

0.8

2.42

0.42

51.0

0.03

1.07

2.90

KM-20-10A

521.2

522.5

437

1.3

7.07

1.27

51.1

2.13

0.91

7.46

KM-20-10A

527.9

538.6

442

10.7

4.40

1.66

27.2

1.32

0.30

2.58

including

527.9

529.4

1.5

8.59

0.92

30.2

6.69

0.07

1.62

including

532.2

535.3

3.1

4.17

1.75

34.3

0.72

0.42

2.99

including

537.2

538.6

1.4

12.24

7.29

79.2

0.16

0.60

9.06

KM-20-10B

503.0

530.7

423

27.6

2.87

0.97

21.3

0.87

0.32

1.76

including

503.0

509.6

6.6

4.79

1.55

29.8

1.78

0.37

2.55

including

513.9

518.3

4.4

5.29

1.89

47.4

1.08

0.68

4.05

including

527.2

530.7

3.5

6.68

2.32

52.9

1.91

0.99

3.93

KM-20-10C

523.9

530.7

422

6.8

7.25

3.32

102.0

0.58

1.15

5.84

including

523.9

528.2

4.3

05/10

4.89

125.2

0.88

1.45

7.61

including

525.6

526.4

0.8

27.62

16.65

214.0

0.52

2.76

21.40

KM-20-13

443.6

486.8

341

43.1

3.94

1.26

23.3

1.68

0.24

1.67

including

444.4

459.6

15.2

6.71

1.80

38.5

3.42

0.39

2.36

including

444.4

447.1

2.7

10.14

3.74

55.0

1.02

1.88

10.64

including

451.4

455.8

4.4

10.34

1.18

65.3

8.41

0.02

0.16

KM-20-14

421.7

461.6

314

39.9

3.40

1.00

18.4

1.47

0.19

1.67

including

426.3

429.8

3.5

11.58

1.28

30.0

9.56

0.07

0.95

including

457.2

460.7

3.5

6.61

2.58

26.3

0.36

0.38

8.33

KM-20-14A

404.6

409.0

303

4.4

5.07

1.48

79.2

1.67

0.41

2.50

including

404.6

406.4

1.7

10.41

2.46

173.6

4.08

0.53

5.02

KM-20-14A

421.0

443.5

312

22.5

2.41

0.72

15.9

0.86

0.18

1.51

including

421.0

421.8

0.8

14.01

2.91

45.0

9.81

0.19

1.69

including

421.0

425.0

4.1

5.17

1.14

21.4

3.23

0.14

1.30

KM-20-15

506.8

510.1

402

3.3

11.25%

0.33

192.03

0.05

1.75

3.73

KM-20-16

480.4

518.8

385

38.4

2.87

0.81

24.3

0.85

0.25

2.24

including

480.4

492.9

12.5

5.95

1.98

49

1.63

0.50

4.23

including

480.4

483.4

3.0

11.29

4.74

77.9

2.40

0.91

7.49

including

489.8

492.9

3.0

10.22

2.59

100.7

3.61

0.92

6.90

(1) The actual widths of the mineral intervals given have not been determined. additional holes are required

(2) The USD assumptions used for the copper equivalent calculations were metal prices of USD 2.28 / lb copper, USD 1650 / oz gold, USD 16 / oz silver, USD 0.86 / lb zinc, USD 0.77 / lb Pb, and recovery is assumed to be 100% Metallurgical test data are available. The following equation was used to calculate the copper equivalence: CuEq = copper (%) + (gold (g / t) × 1.06) + (silver (g / t) × 0.0096) + (zinc (%) × 0.3772) + (lead (%) x 0.3377).

(3) The USD assumptions used for the gold equivalent calculations were metal prices of USD 2.28 / lb copper, USD 1650 / oz gold, USD 15 / oz silver, USD 0.86 / lb zinc, USD 0.77 / lb Pb, and recovery is assumed to be 100% Metallurgical test data are available. The following equation was used to calculate gold equivalence: AuEq = gold (g / t) + (copper (%) × 94.72) + (silver (g / t) × 0.009) + (zinc (%) × 35 , 73) + (lead (%) x 31.99).

(4) The USD assumptions used for the gold equivalent calculations were metal prices of USD 2.28 / lb copper, USD 1650 / oz gold, USD 15 / oz silver, USD 0.86 / lb zinc, USD 0.77 / lb Pb, and recovery is assumed to be 100% Metallurgical test data are available. The following equation was used to calculate the Zn equivalence: ZnEq = zinc (%) + (copper (%) × 2.65) + (silver (g / t) × 0.0003) + (lead (%) × 1.12).

About Arizona Metals Corp.

Arizona Metals Corp owns 100% of the Kay Mine property in Yavapai County, which is on a combination of patent and BLM claims totaling 1,300 acres with no royalties. A 1982 historical estimate by Exxon Minerals showed 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 t silver ”. The historic estimate at the Kay mine was reported by Exxon Minerals in 1982. The historical estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, or methods used to produce the historical estimate have been reported, and no resource categories have been used. A qualified person may require extensive data collection, re-drilling, and data revision before the historical estimate can be reviewed and upgraded to a current mineral resource. A qualified person has not done enough work to classify it as a Current Mineral Resource and Arizona Metals is not treating the historical estimate as a Current Mineral Resource.

The Kay Mine is a steeply sloping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open to extensions on strike and in depth.

The company also owns 100% of the Sugarloaf Peak property in La Paz County, which is on 4,400 acres of BLM claims. Sugar Loaf is an open pit heap leach target and has a historical estimate of "100 million tonnes containing 1.5 million ounces of gold" at a grade of 0.5 g / t (Dausinger, 1983, Westworld Resources).

* The historical estimate on the Kay Mine property was reported by Exxon Minerals in 1982. The historical estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, or methods used to produce the historical estimate have been reported, and no resource categories have been used. A qualified person may require extensive data collection, re-drilling, and data revision before the historical estimate can be reviewed and upgraded to a current mineral resource. A qualified person has not done enough work to classify it as a Current Mineral Resource and Arizona Metals is not treating the historical estimate as a Current Mineral Resource.

The Qualified Person who has reviewed and approved the technical disclosure in this news release is David Smith, CPG.

Quality assurance / quality control

All Arizona Metals drill sample results have been independently monitored through a Quality Assurance / Quality Control (“QA / QC”) protocol that includes the use of blind standard reference materials and blanks at regular intervals. Logging and sampling was conducted at Arizona Metals' central handling facility in Quartzite, Arizona. The drill core was diamond cut on site and half of the drill core samples were safely shipped to the ALS Laboratories ("ALS") sample preparation facility in Tucson, Arizona. Sample pulps were sent to the ALS laboratories in Vancouver, Canada for analysis.

The gold content was determined by a fire test of a 30 gram load with ICP finish (ALS method Au-AA23). Silver and 47 other elements were analyzed by ICP four-acid digestion methods (ALS method ME-MS61). ALS Laboratories is independent from Arizona Metals Corp. and its Vancouver facility is ISO 17025 accredited. ALS also ran its own internal QA / QC procedures to ensure the accuracy and integrity of the results. The parameters for the ALS and Arizona Metals internal blank 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 contained herein.

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than historical facts, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always, with expressions such as “expected” or “not expected”, “expected”, “anticipated”) "). or "do not anticipate", "plans", "budget", "planned", "projections", "estimates", "believes" or "intends" or variations of such words and phrases or the indication that certain actions, events or results “May” or “could”, “would”, “could” or “will” assumed to occur or to be achieved) are not historical facts and may be forward-looking statements. The forward-looking statements contained in this press release include, without limitation, statements regarding the resumption of drilling and the impact of the COVID-19 pandemic on the business and operations of the Company. In making the forward-looking statements contained in this press release, the company has made certain assumptions. Although the company believes that the expectations contained in forward-looking statements are reasonable, there can be no assurance that the expectations in any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those expressed or implied in such forward-looking statements. These factors include, but are not limited to: availability of funding; Delay or failure to obtain required permits or governmental approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers are cautioned not to 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 undertakes 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, or changes in factors that affect such Impact forward movements – meaningful statements or something else.

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