Giulio Bonifacio, President & CEO of Arizona Gold, stated: “We are pleased to announce additional results from the underground core drilling program which continues to show continuity and extension in mineralized domains over good mining widths.
The underground exploration core hole drilling is ongoing and has focused on the D zone of the Copperstone shear zone.
Drill hole AZG-20S-16 intersected 1.5 m at 2.69 g/t Au, indicating the potential for a new domain below the CUVN domain.
The hole also intersected 0.8 m at 14.80 g/t Au, which is a possible extension of the CUVND domain about 15.2 m up dip from its current modelled extent.
It intersected 1.5 m at 22.07 g/t Au, successfully targeting the CUVND3 domain about 29 m up dip of drill hole A98-5, about 12.2 m down dip of drill hole CSD-9 and about 15.2 m along strike to the northwest of drill hole KER-17U-16.
It intersected 4.7 m at 2.34 g/t Au , about 7.5 m above the CUVND domain, which might be an offset of the domain or a new domain.
AZG-20S-16 is a surface down angle RC hole drilled westerly from the east side of the pit into the C Zone, with a total depth of 305 m.
AZG-20S-23 is a surface down angle RC hole drilled northwesterly from the east side of the pit into the B Zone, with a total depth of 172 m.
The Copperstone Mine has historically produced, via open pit mining and a whole ore leach gold processing plant, over 500,000 ounces of gold at an average grade of about 3 g/t Au.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R.
Mineralized commercial reference standards or blank standards are inserted approximately every 20th sample in sequence and results are assessed to ascertain acceptable limits for analytical variance.
Arizona Gold is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona.
These uncertainties and risks include, but are not limited to: the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and other risks involved in the mineral exploration and development industry.