Arizona Metals Corp. Receives Conditional Approval to Graduate to the Toronto Stock Exchange, Announces Appointment of Director and Drilling Update
Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) has received conditional approval from the TSX to transition from the TSXV, allowing its shares to be listed on the TSX. This move does not require any action from shareholders. Additionally, Rosa Maria Grace Rojas Espinoza has been appointed to the Board of Directors, bringing over 14 years of mining expertise. The company is progressing on its Kay Mine drill program, having completed 69,000 meters of drilling and is fully funded for further exploration, including a recently initiated Phase 3 program.
- Conditional TSX approval enhances company visibility and access to capital.
- Appointment of Rosa Maria Grace Rojas Espinoza strengthens the Board with extensive industry experience.
- None.
Figure 1. Road construction currently underway from drill Pad 1 to planned pads C1 and C2, which will allow testing of the Central Target. Permitting is in progress for planned pads W1 and W2, which will allow drill testing of the Western Target. (Graphic: Business Wire)
Final approval of the listing is subject to the Company meeting certain standard and customary conditions required by the TSX. Once these conditions are satisfied, the Company's shares will begin trading on the TSX under its existing ticker symbol “AMC” and will be delisted from the TSXV. Shareholders will not be required to take any action in connection with the graduation. The Company will make a further announcement once the TSX confirms the date on which its shares will commence trading.
Kay Mine Drill Program Update
The Company has completed a total of 69,000 meters of HQ core drilling in 126 holes at the Kay Mine since inception of drilling. There are approximately 19 drill holes with assays pending, which will be released as they become available. The Company is fully-funded to complete the Phase 2 program as well as up to 76,000 meters in the recently initiated Phase 3 program which will be used to test the numerous targets located north, south, and west of the Kay Deposit. Construction is currently underway to extend a drill road west of the Kay Deposit towards pads C1 and C2, which will be used to drill the Central Target from west to east (Figure 1). Targeting of drill holes from pads C1 and C2 is currently being refined using a compilation of geophysical and geochemical data, including onsite XRF geochemistry and onsite, laboratory, and airborne hyperspectral data. The company has also recently joined the industry-supported research group CASERM (
Disclaimer
This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221003005389/en/
For further information:
President and Chief Executive Officer
(416) 565-7689
mpais@arizonametalscorp.com
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp
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