Arizona Gold Corp.
Arizona Gold Corp. (formerly "Kerr Mines Inc.") is a North American gold development company currently looking to re-start its 100% owned, fully permitted, past-producing Copperstone project.
Copperstone is a high-grade gold project located along the Arizona Detachment Fault Corridor in mining-friendly Arizona, USA. Copperstone has multi-million ounce exploration potential within a 50 square kilometers (12,258 acres) land package.
The Company’s current short term focus is to further enhance Copperstone’s value by defining and expanding current gold resources and mine life while further optimizing Copperstone’s project economics leading to a restart of gold production, as a result of the recent project funding transaction entered into with Star Royalties Ltd.
Copperstone Gold Project, La Paz County, Arizona
Management is focused on re-starting production in Q4-2021. AZG has all the required permits for a 600 tpd operation. The Company is moving ahead with the 2018 PFS’ (Preliminary Feasibility Study) proposed plan to utilize a Whole Ore Leach (“WOL”) mineral processing plant, which utilizes direct cyanidation leaching of the entire ore feed.
2021 Resource Expansion & In Fill Program
Updated Resource in Q2-2021
The Company intends to complete an updated resource estimate in Q2-2021, which will include data from 13,000 m of drilling since 2018 (5,000 m in 2019, and 8,000 m in 2020/2021). The Company is expecting a significant increase in tonnage and ounces for the updated resource estimate. Note that the 2019 program had already increased tonnage and contained ounces through step-out holes.
Accomplishments – Project Milestones
Management and Directors
Giulio T. Bonifacio, President, CEO & Director
Founder, Director & CEO of Nevada Copper since its inception in 2005 until his retirement in 2018. Mr. Bonifacio has led and directed efforts at every stage from development, permitting and construction. Mr. Bonifacio is a CPA with over 35 years of experience and knowledge of operations, capital markets and project finance. Among his many accomplishments Mr. Bonifacio has raised a significant amount of capital for projects of merit through both equity and project debt.
John C. Galassini, Executive Vice President, Chief Operating Officer
Mr. Galassini has extensive experience bringing both greenfield and brownfield mines into production with expertise in both open-pit and underground mining. Previous senior roles include Senior Vice President Mining of Nyrstar Metals; Chief Operating Officer of Sunshine Silver Mines; Senior Vice President Americas of Freeport-McMoRan. He held various senior roles with Phelps Dodge Mining. Mr. Galassini holds a BS in Chemical Engineering from New Mexico State University.
Dale Found, Chief Financial Officer
Mr. Found has more than 30 years of international accounting and finance experience, of which, the last 13 have been spent in progressively more senior roles within the mining industry. Mr. Found is a CPA, CA, FCA.
David Thomas, VP Projects & Mine General Manager
Mr. Thomas is a Project Engineer with over 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (now Kinross Gold), Teck and others. EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa).
Michael Smith, Senior Advisor Exploration
Mr. Smith has over 40 years of experience with projects in production and in the advanced development stage. Mr. Smith previous roles include Chief Mine Geologist at Barrick’s Goldstrike Mine and GM of Exploration in Peru.
Fahad Al Tamimi, Chairman and Director
Claudio Ciavarella, Vice Chairman and Director
Ayman Arekat, Director
Peter Damouni, Director
James McVicar, Director
Hard Rock Consulting
Resource Development Inc.
Fundamental Research Corp. - Arizona Gold Corp. report (target price is CA$0.48)
On June 01, 2021, Arizona Gold Corp. has released additional underground drilling results at its 100-per-cent-owned Copperstone gold project located in Arizona, United States. It drilled 11.8 m of 8.8 g/t Au at Copperstone.
On April 27, 2021, Arizona Gold Corp. has released additional underground drilling results at its 100-per-cent-owned Copperstone gold project located in Arizona. The underground core hole drilling is complete. Reverse circulation infill drilling of the stopes is expected to commence in May.
Drilling highlights include: