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Arizona Metals Corp. Announces That Kay Mine Petrographic Study Confirms Potential for Conventional Metallurgical Processing
April 8, 2021 GMT
Figure 1: Kay Mine mineralization displayed in polished thin section. Copper is hosted primarily in chalcopyrite (cp), and zinc in sphalerite (sp). (Graphic: Business Wire)
Figure 1: Kay Mine mineralization displayed in polished thin section. Copper is hosted primarily in chalcopyrite (cp), and zinc in sphalerite (sp). (Graphic: Business Wire)
TORONTO (BUSINESS WIRE) Apr 8, 2021
Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”), is pleased to announce the results of a petrographic study of mineralization from the Kay Mine, conducted in March 2021, with further interpretation by Arizona Metals’ advisor and VMS expert Dr. Mark Hannington.
Arizona Metals raising $15M to triple Kay Mine drilling to 75,000 metres
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Arizona Metals raising $15M to triple Kay Mine drilling to 75,000 metres - Canadian Mining Journal
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Arizona Metals raising C$15m to triple Kay Mine drilling
Looking northeast at drill rigs at Arizona Metals’ Kay mine project, Yavapai County, Arizona. Photo Credit: Arizona Metals
Toronto-based Arizona Metals (TSXV: AMC) has entered into an agreement with a syndicate of underwriters, led by Stifel GMP and Clarus Securities, to raise C$15 million. These funds are expected to allow the Arizona-focused explorer to triple its Kay Mine phase 2 expansion drill program that is ongoing to 75,000 metres, from 25,000 metres.
The underwriters have agreed to purchase 7.15 million special warrants at C$2.1 each, on a bought deal private placement basis with the option to purchase up to an additional 1.1 million warrants before 48 hours of the deal closing.