# Arizona Metals Drills Discovery Hole in New Kay2 Lens at Kay Deposit: 50.0 m @ 6.7 g/t AuEq Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1 Original source: https://money.tmx.com/en/quote/AZMCF/news/8311215305574978/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7- Publisher: tmx Original announcement: 2024-10-31T09:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Arizona Metals Corp. - Ticker: AMC - Exchange: TSX - Region: Arizona - Primary commodity: Gold - Secondary commodities: Copper, Silver, Zinc, Lead - Document categories: Drill results, Resource update - Extracted: 2026-09-19 13:31:52 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Arizona Metals Corp. has announced a significant discovery at its Kay Project in Arizona, with drill hole KM-24-166 intercepting 50.0 m at 6.65 g/t AuEq in a new lens named the Kay2 Zone. This discovery extends the known mineralization approximately 100m north of previous drilling and is expected to contribute to an upcoming mineral resource estimate. Reasoning: The announcement reports a significant discovery hole \(KM-24-166\) that identifies a new mineralized lens \(Kay2\) with high-grade gold equivalent intercepts, extending the known footprint of the Kay deposit. - Positive factor: Discovery of new Kay2 lens - Positive factor: High-grade AuEq intercept \(6.65 g/t\) - Positive factor: Step-out extension of mineralization - Positive factor: QA/QC and QP sign-off disclosed - Negative factor: True width is only an estimate \(50-99% of core\) Facts used in scoring: 6 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: KM-24-166 stepped north 110 m from the nearest hole, identifying a new lens \(Kay2\) outside previously known mineralization. Evidence · text > The new zone of mineralization, the Kay2 Zone, is located approximately 100 m north of previously drilled mineralization **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release includes details on blind standards, blanks, and independent laboratory \(ALS\) accreditation. Evidence · text > includes the insertion of blind standard reference materials and blanks at regular intervals **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The 6.9 m @ 12.69 g/t AuEq intercept is exceptionally high grade for a VMS-style deposit. Evidence · text > including 6.9 m @ 12.69 g/t AuEq ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### KM-24-166 [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-drill-facts-0) Kay Mine · gold #### Identity - Hole ID: KM-24-166 - Project: Kay Mine - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: AMC #### Geometry - Grade: 6.65 - Grade Unit: g/t - Intercept: 50 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: underground #### Location - Location: Kay2 Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Metal Equivalent - Metal Eq. Grade: 6.65 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: Primary discovery intercept defining a new zone. - Positive factor: Discovery of new lens - Positive factor: High grade Evidence · text > KM-24-166, returned 50.0 m grading 6.65 g/t AuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Drill hole KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B , moderately deep in the deposit." ### KM-24-166 [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-drill-facts-1) Kay Mine · gold #### Identity - Hole ID: KM-24-166 - Project: Kay Mine - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: AMC #### Geometry - Grade: 12.69 - Grade Unit: g/t - Intercept: 6.9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: KM-24-166:0-50 - Mining Method: underground #### Location - Location: Kay2 Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Metal Equivalent - Metal Eq. Grade: 12.69 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: High grade component of the discovery hole. - Positive factor: High grade sub-interval Evidence · text > including 6.9 m @ 12.69 g/t AuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Drill hole KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B , moderately deep in the deposit." ### KM-24-162 [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-drill-facts-2) Kay Mine · gold #### Identity - Hole ID: KM-24-162 - Project: Kay Mine - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: AMC #### Geometry - Grade: 4.16 - Grade Unit: g/t - Intercept: 1.5 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: underground #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: Stepout hole confirming extension. - Positive factor: Extended mineralization Evidence · text > KM-24-162 intersected 1.5 m @ 4.16 g/t AuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Drill hole KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B , moderately deep in the deposit." ### KM-24-162 [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-drill-facts-3) Kay Mine · gold #### Identity - Hole ID: KM-24-162 - Project: Kay Mine - Commodity: gold - Region: usa\_az - Reported Region: usa\_az - Ticker: AMC #### Geometry - Grade: 1.65 - Grade Unit: g/t - Intercept: 5.5 m #### Classification - Program: exploration - Sample Type: drill - Group ID: KM-24-162:0-7 - Mining Method: underground #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: Stepout hole confirming extension. - Positive factor: Extended mineralization Evidence · text > and 5.5 m @ 1.65 g/t AuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Drill hole KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B , moderately deep in the deposit." ### KM-24-161 [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-drill-facts-4) Kay Mine · copper #### Identity - Hole ID: KM-24-161 - Project: Kay Mine - Commodity: copper - Region: usa\_az - Reported Region: usa\_az - Ticker: AMC #### Geometry - Grade: 0.43 - Grade Unit: % - Intercept: 3.2 m #### Classification - Program: exploration - Sample Type: drill - Mining Method: underground #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: Copper equivalent intercept in the Kay horizon. - Positive factor: Intersection of Kay horizon Evidence · text > KM-24-161 intersected the Kay mineralization horizon over 3.2 m grading 0.43% CuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Drill hole KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B , moderately deep in the deposit." ## Resource Estimates (1) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--d856c7ba-cc89-4fe5-a8b3-b158644452a1#fact-resource-facts-5) Kay Deposit · copper Historical result Needs review: historical\_restatement #### Identity - Project: Kay Deposit - Commodity: copper - Region: usa\_az - Reported Region: Arizona - Ticker: AMC #### Resource scope - Estimate type: reserve - Resource group id: resource:6ec616811d2b229d2ce7 - Deposit or zone: Kay Deposit #### Resource Data - Category: probable - Tonnes: 6400000 - Grade: 2.2 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 1982-01-01T00:00:00.000Z #### Dates - Event date: 2024-10-31T00:00:00.000Z Reasoning: Historical estimate from 1982 that has not been verified. - Negative factor: Historical estimate - Negative factor: No resource categories used - Negative factor: Unverified Evidence · text > An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 42.8 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.