Arizona Sonoran Updates on Company Activities and Announces the Appointment of Steve Dixon, Chief Metallurgist
2023-09-06 06:30 ET - News Release
Company Website:
https://www.arizonasonoran.comCASA GRANDE, Ariz. & TORONTO -- (Business Wire)
Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today updates on exploration and development activities at the Cactus Mine Project, inclusive of the Parks/Salyer deposit. All activities are focused on de-risking its high-quality asset in a tier one location, in preparation for the pending step-up Pre-Feasibility Study (“PFS”) expected in Q1 2024. Furthermore, the owner-operator team continues to strengthen with the appointment of Mr. Steve Dixon, M.Sc.; Chief Metallurgist. He will be managing the metallurgical programs in preparation for the base case PFS and Definitive Feasibility Study (“DFS”).
Highlights include:
- On track and on budget to deliver a PFS in Q1 2024
- Targeting step up from the Preliminary Economic Assessment’s (“PEA”) 28ktpa to 45-50ktpa and to a mine life well-beyond the 18 years previously outlined
- PFS scope includes the enriched and oxide material, or approximately 75% of the total mineral resources (based on the 2022 mineral resource update – Sept 28, 2022)
- Building owner-operator team
- Bernie Loyer, SVP Projects and Christopher White, Chief Mine Geologist (June 2023)
- Steve Dixon, Chief Metallurgist (July 2023)
- Anticipating high conversion of the 2.9B lb @ 1.015% TCu Parks/Salyer mineral resource estimate into the indicated category from the inferred category
- Infill to indicated category drilling complete
- Infill to measured category drilling is ongoing for a DFS expected in H2 2024
- 2 years of positive metallurgical results now in hand for oxides and enriched material
- Parks/Salyer enriched material shows comparable recovery rates to Cactus (76% and higher) with potentially shorter leach periods
- 90% recovery rates for oxides in the Cactus deposits and the Stockpile Project
- DFS level metallurgical studies ongoing
- Completed all major Cactus permits based on the 2021 PEA
- Amendments will be made to accommodate the larger operation, post-PFS
- Increased land to 5,368 acres by optioning the MainSpring Property, extending south from Parks/Salyer
- Improves planning flexibility for the pending PFS
- Creates additional exploration target
- Nuton testwork continues to deliver positive results, providing optionality to scale the asset beyond the oxide and enriched base case
- 61-82% estimated extraction rates of the primary sulphide material after 75-150 days of leaching
George Ogilvie, Arizona Sonoran CEO commented, “The Company has continued to deliver on its key objectives and will continue striving to outperform. Ongoing work programs include our advanced metallurgical programs, final engineering, mine planning and site characterizations as we progress towards our PFS. Our drilling also continues, both infill and exploration, as we look towards upgrading resources again from the indicated to measured category.”
He continued, “As the Project and Company continues to evolve, strengthening of the owner’s team sets us up well for future technical studies and any eventual decision to move into a construction and development phase.”
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https://www.stockwatch.com/News/Item/Z-C!ASCU-3453300/C/ASCU
guten morgen und einen guten wochenabschluss. 
das long-ziel um 3.3000$ wurde damit auch nahezu auf den punkt geknipst. so wirklich kann ich aber die massive kaufwut in heizöl, trotz förderbeschränkungen der russen und der opec, nicht nachvollziehen.
3.3175$! 
