Arizona Metals Corp To Acquire Key Patented Claims To Expand Kay Mine Project
TORONTO - Arizona Metals Corp. has entered into a purchase option and sale agreement with an Arizona based private company to acquire 100% of six parcels of patented land totaling 107 acres, located 900 meters northeast of its Kay Mine VMS Project. The Property includes the surface, mineral, and water rights, among other rights and benefits.
Marc Pais, CEO, said, “The acquisition of the Property is another significant de-risking step in moving the Kay Mine closer to a production decision. Including the 71 acres of patented land that host our Kay Mine deposit, this acquisition will increase our total holdings of patented land to 178 acres. The Property will provide a base for the upcoming Phase 2 drill program, as well as a significant area of private land (including a number of operating water wells) for any future development or production scenarios.”