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Arizona Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  18 King Street East, Suite 902
Toronto, Ontario
Canada M5C 1C4
Web Site: www.arizona-gold.com
E-mail: gtbonifacio@arizona-gold.com
Contact Person: Giulio T. Bonifacio
Position: President & CEO


Company Data

Traded Market: TSX | OTCQB
Traded Symbol: AZG | AGAUF
Outstanding Shares: 346.1百萬
52 Week High: $ 0.18
52 Week Low: $ 0.11
Present Price: Click Here


Introduction

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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.

Investment Highlights

  • Focused on Shareholder Returns
  • Supportive shareholders – Directors, Officers & Several Funds representing plus 60% ownership.
  • Re-start of production within 12 month, targeted for Q4-2021.
  • Project Funding for US$18 million closed November 2020.
  • Resource and reserve upside with multi-million ounces potential.


FLAGSHIP PROJECT

Copperstone Gold Project, La Paz County, Arizona

Project Highlights

  • The Copperstone mine is a high-grade, fully-permitted gold deposit located in mining-friendly western Arizona, along the Walker Lane Belt. Copperstone contains existing infrastructure which reduces investment requirements and speeds up the timeline to production
  • Historical production of over 500,000 ounces of gold by way of an open-pit operation
  • Contains:
    • 276,100 oz Measured & Indicated mineral resources
    • 145,700 oz. Inferred mineral resource
    • 175,000 oz. Proven & Probable mineral reserves
  • 50 square kilometers (12,258 acres) land package
  • Multi-million ounce potential
  • Project funding US$18 million

Development Plans

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

  • Current success driven core and reverse circulation drilling program of up to 10,000 meters. Assay results currently pending.
  • Conversion of Inferred to Measured and Indicated resources.
  • Resource Expansion on surface to add Inferred resources for later conversion with underground access.
  • Resource Update in Q2-2021 to include up to 13,000 meters drilled.

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.

2018 Reserve Estimate

(at cutoff grade of 0.11 oz/ton)

Category

Tons

Grade

(oz/ton gold)

Grade

(g/tonne gold)

Contained Gold

(Ounces)

Proven

382,169

0.213

7.30

81,405

Probable

501,939

0.187

6.40

93,688

Proven & Probable Reserve

884,106

0.198

6.79

175,093

Mine Life of 4.5 years at US$1,250/oz Au

2020-21 Drilling Targeted to Increase mine life & Expand Resource

Accomplishments – Project Milestones

  • Modified Permits Received with Decision of Record in January 2020
  • Successful Expansion Drilling Completed in 2019 & 2021
  • Resource Update In Progress & Targeted for Q2-2021
  • Detailed Engineering Advancing for purposes of Restart of Operations
  • Pre-Production Detailed Engineering Progressing
  • Engineering well advanced for final layout and design of Whole Ore Leach (“WOL”) gold processing plant
  • US$18M Project Funding Closed in November 2020


Management

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

Technical Advisors

Hard Rock Consulting

Hanlon Engineering

Resource Development Inc.

Research Report

Fundamental Research Corp. - Arizona Gold Corp. report (target price is CA$0.48)

The Link:

https://www.arizona-gold.com/arizona/Arizona-Apr-2021-Update.pdf


News Update

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:

  • Drill hole AZG-21-P3C-06C: 10.8 metres at 8.2 grams per tonne gold, including 0.7 m at 49.1 g/t Au;
  • Drill hole AZG 21-P3A-02C: 2.3 m at 10.6 g/t Au, including 0.8 m at 19.0 g/t Au.


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