ASCU

BTV Highlights: Founders Metals, Arizona Sonoran, Prime Mining, enCore Energy & Reunion Gold

Retrieved on: 
Thursday, February 29, 2024
Copper, VIDEO, Encore, Mining, TSX, Growth, BNN Bloomberg, Primary energy, Risk, Gold, ASCU, Energy, Television, Guiana Shield, OTCQX, Metal

With its recent OTCQX listing, Founders Metals offers a compelling investment opportunity in the burgeoning gold exploration sector.

Key Points: 
  • With its recent OTCQX listing, Founders Metals offers a compelling investment opportunity in the burgeoning gold exploration sector.
  • enCore Energy Corp. (TSXV: EU) (NASDAQ: EU) VIDEO - America's Clean Energy Company™, in a strategic move that underscores its commitment to energy independence and environmental sustainability, enCore Energy solidifies its position in the domestic uranium production sector.
  • Reunion Gold Corporation (TSXV: RGD) (OTCQX: RGDFF) VIDEO - Reunion Gold sets itself apart with a notable Mineral Resource Estimate, highlighting over 5 million ounces of gold.
  • This development not only underscores Reunion Gold's potential for significant yield but also marks it as a compelling choice for investors seeking robust growth opportunities in the gold sector.

Arizona Sonoran Announces Acquisition of Land and Completes Rezoning MainSpring

Retrieved on: 
Tuesday, March 5, 2024
Mining, Minerals, Natural Resources, Multimedia, TSX, Sale, PR, Classification, ASCU

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today provides an update on positive land developments, including MainSpring and a new special land use permit to the east of the Cactus Project, connecting the Project (see FIGURE 1 ).

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today provides an update on positive land developments, including MainSpring and a new special land use permit to the east of the Cactus Project, connecting the Project (see FIGURE 1 ).
  • By rezoning and consolidating this land around Cactus, we are able to improve operational flexibility of our Project and gain access to mineralization excluded from our recent Pre-Feasibility Study.
  • Additionally, rezoning of MainSpring PAD III, the southern parcel of the MainSpring property, is now complete.
  • Links from the press release:
    Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.

Arizona Sonoran Announces 2024 Work Plan

Retrieved on: 
Tuesday, January 30, 2024
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Partnership, ASCU, Rio Tinto, ESG, PR, JV, City, PFS, Feasibility study, Exercise, NPV, Integration, Groundwater, TSX, Diamond, Party, Water, Amend, Casa Grande, Arizona, Economics, Risk, DFS, SWPPP, Engineered wood

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces its 2024 work plan and 2023 achievements.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) today announces its 2024 work plan and 2023 achievements.
  • The ensuing year’s activities relate to the continued advancement of the Cactus Property, through Feasibility studies while concurrently completing Nuton-related work programs.
  • Modified water rights through ADWR to include MainSpring and ASLD Lands
    Technical Studies – Complete ASCU’s Standalone PFS and initiate the Amended PFS which will incorporate Mainspring.
  • In 2024, amendments to these permits will begin, reflecting any changes made to the PFS mining plan.

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on: 
Thursday, December 14, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Trigger, Economics, Indian stock exchange, Rio Tinto, ASCU, NPV, TSX, News, Mechanics, Copper, South Tyrol Option Agreement, Exchangeable, Exercise, Dorsey & Whitney, Cactus, Scotiabank, Partnership, Water, Contract management, National instrument, Torys, Debt, Securities Transaction Tax, Debenture, Toronto Stock Exchange, Committee, Option, Uranium mining, Cochineal, Renting, Security (finance), Gunsmith, Satellite navigation device, Mainspring, Nuton, Interest

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
  • Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
  • In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
  • Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.

Arizona Sonoran Reports Final Extraction Rates from Phase 1 of Nuton™ Technologies on the Cactus Sulphides and Expands the Program

Retrieved on: 
Wednesday, December 13, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Multimedia, PFS, Cactus, Blend, Copper, ASCU, TSX, Temperature, LOA, Uranium mining, Nuton

View the full release here: https://www.businesswire.com/news/home/20231213084303/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231213084303/en/
    Figure 1: Updated Nuton Primary Sulphides Columns Cu Extraction (Graphic: Business Wire)
    George Ogilvie, Arizona Sonoran Copper Company President and CEO commented, “We are encouraged by the extraction rates resulting from our primary and secondary sulphides using the Nuton™ technologies.
  • Particularly interesting to ASCU, is that Nuton’s flow sheet could be integrated into the planned Cactus heap leach and SXEW flow sheet.
  • Pending the completion of a Commercial Framework Agreement, Nuton and ASCU are currently planning a Phase 2 column leach program.
  • Phase 2 would be designed to test and/or mitigate opportunities and threats identified under the Phase 1 test program.

Arizona Sonoran Exploration Drilling Intersects Near Surface Mineralization 2,500 ft (762 m) South of Parks/Salyer

Retrieved on: 
Monday, November 20, 2023
Mining, Minerals, Natural Resources, Acquisition, PFS, ASCU, TSX, Uranium mining, Jet fuel, Dam, Copper

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), reports that exploration drilling at the MainSpring property intersected near surface copper mineralization from 4 drill holes.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), reports that exploration drilling at the MainSpring property intersected near surface copper mineralization from 4 drill holes.
  • The southern-most MainSpring drill hole, ECM-186, was collared 2,500 ft (762 m) south of the Parks/Salyer deposit (see FIGURES 1-9 ) and intersected shallow oxide mineralization at a depth of 138 ft (42 m) from surface.
  • In comparison, Parks/Salyer mineralization begins at approximately 550 ft (176 m) at its shallowest, over a footprint of 2,000 ft by 2,500 ft.
  • Current drilling is testing the near surface extension of mineralization south of the Parks/Salyer deposit across the MainSpring property.

Arizona Sonoran to Attend the Red Cloud and Scotiabank Conferences in Toronto, Canada and 121 Conference in London, UK in November

Retrieved on: 
Thursday, November 2, 2023
Mining, Minerals, Natural Resources, ASCU, TSX, Engineering, Mobile phone

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) announces it will be attending three conferences in November.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) announces it will be attending three conferences in November.
  • Discussions will encompass the recent Mineral Resource Update, ongoing development, permitting and engineering, and the expected Prefeasibility Study in Q1 2024.
  • CEO presentations will be conducted at all three and where available, ASCU will post the replay to its website under Media Appearances.

Arizona Sonoran Drills 1.97% CuT over 540 ft (164.6 m) at Parks/Salyer and Begins Drilling South of the Parks/Salyer Deposit

Retrieved on: 
Monday, October 30, 2023
Mining, Minerals, Natural Resources, Cut, Indication (medicine), Heart, ASCU, Mainspring, TSX, PR, Uranium mining, Tunnel, Copper, Jet fuel

Additionally, the Company has begun exploratory drilling at the MainSpring property (Parks/Salyer South) ( FIGURE 4 ), with five holes now complete.

Key Points: 
  • Additionally, the Company has begun exploratory drilling at the MainSpring property (Parks/Salyer South) ( FIGURE 4 ), with five holes now complete.
  • The program consists of up to 10 drill holes, targeting shallow mineralization 1,500 ft (~450 m) south of the Parks/Salyer deposit.
  • Historic ASARCO drilling supports the continuity of gradually shallower mineralization towards the south, which ASCU is testing via the current drill program.
  • These holes did encounter enriched and higher-grade primary mineralization below the fault, but the thickness of mineralization was terminated by the fault.

Arizona Sonoran Announces Updated Mineral Resource Estimate for the Cactus Project

Retrieved on: 
Monday, October 16, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Steps, SX/EW, ASARCO, Mainspring, 3D, Textbook, National instrument, ASCU, Classification, Arizona Public Service, Continuity, NE, Feasibility study, Database, Marketing, MRE, Government Legal Department, PFS, A Feasibility Study, Cut, Tons, CPG, Nature, Mineral Resources Limited, HL, Water, Copper, Uranium mining, Road, Cactus, Growth

Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.

Key Points: 
  • Stockpile resource estimates have an effective date of 1st March, 2022, Cactus resource estimates have an effective date of 29th April, 2022, Parks/Salyer resource estimates have an effective date of 19th May, 2023.
  • Technical and economic parameters defining resource pit shell: mining cost US$2.43/t; G&A US$0.55/t, 10% dilution, and 44°-46° pit slope angle.
  • The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, sociopolitical, marketing, or other relevant factors.
  • The Cactus Project resource updates are based upon updated drilling data and interpretations.

Arizona Sonoran Completes Partial Rezoning of MainSpring and Obtains New Mineral Exploration Permit for 2.5 Acres

Retrieved on: 
Tuesday, October 3, 2023
Mining, Minerals, Natural Resources, Casa Grande, Arizona, Cactus, Comprehensive planning, Sterilization, ASCU, City, MEP, Copper, TSX, PR, Environmental remediation

Rezoning the northern parcel allows ASCU to begin drilling and an exploration plan is being prepared.

Key Points: 
  • Rezoning the northern parcel allows ASCU to begin drilling and an exploration plan is being prepared.
  • The southern parcel of Parks/Salyer South is still in process with the City of Casa Grande for rezoning and a General Plan Amendment.
  • Additionally, the Company has acquired a 2.5 acre Mineral Exploration Permit (“MEP”) within the Parks/Salyer deposit.
  • By acquiring the MEP and Parks/Salyer South, ASCU gains a low-risk, high impact exploration target and operational flexibility for future operations.