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Nice one! Shares + warrants now worth £600K+
Arizona Metals Corp
Announces Metallurgical Testing at its Sugarloaf Peak Project Demonstrates Excellent Gold Recoveries from Surface to 111 m, Significantly Below the Depth of the Historic Resource Estimate
Business Wire 13 minutes ago
Marc Pais, CEO, commented “ Today’s results have demonstrated the potential for excellent gold recoveries, at depths well below the historic resource estimate, which was defined down to only 70 m. We note that gold recoveries average 76%, which compares very favourably to similar heap-leach deposits currently in operation. Importantly, we observe excellent recoveries in both oxide and sulphide mineralization, indicating that the gold is not refractory. We also note that our recent drilling has shown that mineralization can continue well below the 111 m depth of this metallurgical testing, with hole SP-20-01 intersecting 38.8 m of 0.32 g/t, from 127 m to 155 m, more than twice the historic estimate depth. Based on the success of these initial tests, we plan to undertake additional metallurgical testing on deeper mineralization. Reagent consumption was also typical of rates observed in producing mines. This initial metallurgical work indicates excellent potential to recover both sulphide and oxide material in deeper mineralization, with the deposit also remaining open for expansion on strike to both the northwest and southeast .
https://stockhouse.com/news/press-releases/2021/06/01/arizona-metals-corp-announces-metallurgical-testing-at-its-sugarloaf-peak
$AMC.V <><> 4.78
Another winner for Tiger in at 0.65 + warrants
In May 2020 Metal Tiger invested CAN$100,000 to acquire 154,000 units in a placing recently completed by TSX-listed Arizona Metals Corp (TSX-V: AMC). Each unit consisted of one common share and one-half of a common share purchase warrant, each warrant entitling the holder to purchase one common share of Arizona Metals Corp at an exercise price of CAN$0.85 for a period of 18 months. Metal Tiger holds approximately 0.3% of the issued share capital of Arizona Metals.
https://www.lse.co.uk/rns/MTR/posting-of-annual-report-and-notice-of-annual-general-meeting-8220agm8221-zghmekz8uh3spb4.html ( 100000.00 CAD = 58525.79 GBP currently )