ARIZONA SONORAN COPPER CO - ASCUF STOCK NEWS

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) announced results from its 105,000 ft infill drilling program at Parks/Salyer, revealing significant copper intersections. Notable highlights include ECP-106, which recorded 1,116.6 ft @ 1.22% CuT, the best result to date. The drilling aims to upgrade inferred resources to indicated status ahead of a Preliminary Feasibility Study anticipated by early 2024. The current inferred copper resource is estimated at 2.9 billion pounds, emphasizing the project's promising potential.

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) has announced the filing of a technical report related to the Parks/Salyer Mineral Resource Estimate. This report highlights the significant size and scale of the resource, situated on private land in Pinal County, Arizona. The company is advancing its engineering work on a combined Prefeasibility Study for both the Parks/Salyer and Cactus projects. The report indicates a total leachable resource of 73,900 kt with a contained copper of 1,065,200 mm lbs among other metrics, emphasizing the project's potential for robust returns.

Arizona Sonoran Copper Company (ASCUF) has released promising assay results from 3 drill holes at its Parks/Salyer project, reinforcing its estimated mineral resources. Highlights include multiple high-grade intersections, with ECP-098 showing 714.1 ft at 1.01% total copper. The ongoing 105,000 ft infill drilling program aims to upgrade mineral resource categories ahead of a Preliminary Feasibility Study planned within 11-17 months. The combined copper resources at Parks/Salyer and Cactus now total 4.9 billion lbs inferred and 1.6 billion lbs indicated, positioning ASCU among the largest independent copper deposits in the U.S.

Arizona Sonoran Copper Company has announced a maiden Inferred Mineral Resource Estimate for the Parks/Salyer porphyry copper deposit, revealing 143.6 million tons at 1.015% Cu, corresponding to 1.46 million tons of contained copper. The leachable resources amount to 2.46 billion pounds of 1.066% total soluble copper, while primary sulphide resources comprise 0.45 billion pounds at 0.804% total copper. Future studies are planned to integrate Cactus and Parks/Salyer, enhancing future resource assessments.

Arizona Sonoran Copper Company (TSX: ASCU | OTCQX: ASCUF) released new drilling results from the Cactus East orebody, confirming high-grade mineralization with significant intercepts. Highlights include ECE-067, showing 148.5 ft at 2.57% TCu and ECE-085 with 268.0 ft at 1.51% TCu. The ongoing drilling program has exceeded 31,800 ft out of a targeted 60,000 ft, contributing to future mine planning. The results reaffirm existing geological interpretations and support a robust underground mining scenario.

Arizona Sonoran Copper Company (ASCUF) reports new drilling results from its Parks/Salyer (P/S) exploration project, revealing extended mineralization by 1,000 ft onto the Bronco Creek land. The 14-hole program found significant grades, including ECP-084 with 531.4 ft at 1.10% total copper (TCu). A maiden inferred resource estimate is expected in Q4 2022. Assays for four holes are pending. This drilling activity is part of a broader strategy to enhance the multi-billion-pound Cactus copper project.

Arizona Sonoran Copper Company (ASCUF) has announced results from 7 additional drill holes from its Cactus East project, emphasizing the generation of measured mineral resources. The drilling program, now halfway complete, covers 60,000 ft and shows consistent high-grade copper intercepts. Notable results include ECE-072 with 270.4 ft at 1.77% TCu and ECE-069 with 247.0 ft at 1.73% TCu. Future drilling will focus on expanding resources at both Cactus East and Parks/Salyer. The CEO noted the results support an underground mining scenario and are critical for the upcoming PFS.

Arizona Sonoran Copper Company (ASCU) has entered a one-year exclusivity period with Nuton™, a venture by Rio Tinto, following successful metallurgical modeling of ore samples from the Cactus and Parks/Salyer projects, achieving copper recoveries exceeding 72%. The ongoing testing will explore heap-leach technology on primary sulphide ores. The Cactus Project has indicated resources of 77.9 million tons at 0.35% CuT, while Parks/Salyer has potential resources of 8-35 million tons at 0.85-1.05% TCu, enhancing ASCU's prospects for becoming a mid-tier copper producer.

Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has successfully closed a private placement of 17.5 million Common Shares at C$2.00 each, raising C$35 million. This funding will support drilling, project work at the Cactus Mine, and general corporate purposes. The Company has entered a strategic collaboration with Rio Tinto to enhance copper recovery through Nuton™ technologies. Post-offering, Rio Tinto holds 7.2% of ASCU's shares, while Tembo Capital's stake decreased from 37.6% to 34.6%. The transaction awaits TSX approval.