Mr. Duncan Middlemiss reports
ARIZONA METALS CORP ANNOUNCES ANNUAL GENERAL MEETING RESULTS
Arizona Metals Corp. has released the results of its annual general meeting held on June 28, 2024.
At the meeting, the seven director nominees listed in the company's management information circular dated May 28, 2024, were elected as directors to serve until the close of the next annual meeting of shareholders. The detailed results of the votes for each director are set out herein.
In addition to the election of directors, shareholders also reappointed McGovern Hurley LLP, chartered professional accountants, as auditor of the company.
A total of 42,751,336 shares were voted at the meeting, representing 35.97 per cent of the common shares that were issued and outstanding at the record date for the meeting.
Further disclosure on the mattes approved at the meeting can be found in the circular and available on SEDAR+.
About Arizona Metals Corp.
Arizona Metals owns 100 per cent of the Kay mine project in Yavapai county, which is located on a combination of patented and BLM (Bureau of Land Management) claims totalling 1,300 acres that are not subject to any royalties. A historic estimate by Exxon Minerals in 1982 reported a proven and probable reserve of 6.4 million short tons at a grade of 2.2 per cent copper, 2.8 g/t gold, 3.03 per cent zinc and 55 g/t silver. The historic estimate at the Kay deposit was reported by Exxon Minerals in 1982 (M.L. Fellows, 1982; Kay mine massive sulphide deposit: internal report prepared for Exxon Minerals Company).
Note: The Kay mine historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, redrilling and data verification may be required by a qualified person before the historic estimate can be verified and upgraded to be a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.
The Kay mine is a steeply dipping VMS (volcanogenic massive sulphide) deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.
The company also owns 100 per cent of the Sugarloaf Peak property (in La Paz county), which is located on 4,400 acres of BLM claims. Sugarloaf is a heap leach, open-pit target and has a historic estimate of 100 million tons containing 1.5 million ounces gold at a grade of 0.5 g/t (N.E. Dausinger, 1983; phase 1 drill program and evaluation of gold-silver potential, Sugarloaf Peak project, Quartzsite, Ariz.: report for Westworld Inc.).
The historic estimate at the Sugarloaf Peak property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, redrilling and data verification may be required by a qualified person before the historic estimate can be verified and upgraded to a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.
The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG.
We seek Safe Harbor.
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