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George Ogilvie, P.Eng., Arizona Sonoran Copper Company President and CEO commented, “The new Parks/Salyer deposit, inclusive of MainSpring could be transformational for the Company as we foresee the opportunity to right size a larger operation and rescope Parks/Salyer to an open pit mine. The pending result would lead to reduced mining execution risks and lowered operating costs which could manifest themselves in improved Project economics.  The key difference in the larger mineral resource used for the pending PEA, relates to the MainSpring property acquisition and subsequent inferred drilling program identifying the continuation of near surface mineralization south of Parks/Salyer.” Douglas Bowden, Arizona Sonoran Copper Company VP Exploration stated, “Our Cactus Project is a successful copper porphyry growth story resulting from an aggressive exploration program. Our mineral resource journey began with our initial PEA in 2021, and continuously expanded outward from the Cactus Pit area to include Parks/Salyer and most recently MainSpring within the 5.5 km mine trend. The Parks/Salyer discovery includes significant quantities of high-grade (+1.00% CuT) copper, similar to the grades in Cactus East (as shown in FIGURES  2 and 3). Through systematic step out and infill drilling following our first mineral resource in 2021 to today’s update, our Cactus Project MRE indicates an increase to the M&I by an impressive 353%, from 1.61 Billion lbs to 7.29 Billion lbs of copper, while the inferred mineral resources increased 94%, from 1.98 Billion lbs to 3.84 Billion lbs. Lastly, these mineral resource areas have responded favorably and impressively to infill drilling with a consistently high conversion rate into higher resource classifications and will look forward to future infill programs as we move through the technical studies."

📢 ASCU today releases its updated Mineral Resource Estimate for the Cactus #copper project. Read about it here: https://lnkd.in/eR7VFpNg Cactus is a brownfields project located on private land in Arizona, with infrastructure, permits, direct access to roads and rail, and permitted water access. George Ogilvie, P.Eng. Nick Nikolakakis Harold (Bernie) Loyer Rita Adiani Douglas Bowden Anthony Bottrill Christopher White Travis Snider #copper #MRE #resources #capitalmarkets #investing #mining #mininginvestment #Arizona #porphyry #mineralresources #sustainability #growth #azmining #coppermining #responsiblemining #mineralexploration #mineralestimate #minerals #metals #miningsector #miningnews #tsx #otcqx

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Jeb Handwerger

Creating and building value in mining development and exploration

1mo

Great technical success!

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