Arizona Metals books high-grade hits at Kay

Arizona Metals (TSX: AMC; OTCQX: AZMCF) said drilling at its Kay project in the central part of the state returned high-grade results of 9.5 metres at 5.37 grams gold per tonne and 59.2 grams silver.

That intercept, in hole KM-25-180 of the Kay2 zone, included 44.5 metres at 1.68 grams gold and 18.7 grams silver, 0.67% copper and 2.78% zinc from about 658 metres downhole, Toronto-based Arizona Metals said Tuesday.

“We are encouraged by the latest drill results from the Kay2 Zone, which continue to demonstrate significant expansion potential,” CEO Duncan Middlemiss said in a release. “The intercepts show substantial thicknesses, consistent grades, and strong continuity — key indicators of a robust mineralized system.”

The completion of recent drill holes brings to 133,000 metres the total drilling at the property as the company prepares to publish a resource update by the end of June. Arizona Metals has been focusing on two zones – Kay and Kay2 – during the current exploration campaign. Another 10,500 metres of drilling is planned on exploration targets outside of the main Kay target in the second half.

Extension target

Drilling in the Kay2 Zone has demonstrated dimensions of 100 metres along strike and 140 metres vertically, Arizona Metals said. Drilling is showing good continuity in mineralization in the Kay2 Zone and adjacent mineralization in the main Kay deposit to the south.

Another drill hole, KM-25-179, cut 32 metres grading 1.37 grams gold, 27.2 grams silver, 0.94% copper and 4.25% zinc from 607 metres depth.

Separately, Arizona Metals said it has received approval for one additional drill pad from the Bureau of Land Management under the existing Notice of Intent to Explore permit. The new pad will allow crews to test the Kay North extension target.

Arizona Metals shares fell 3.5% to $1.24 in morning trading Tuesday in Toronto. That gave the company a market value of C$169 million. The stock has ranged from $1.06 to $2.68 in the past year.