Arizona Sonoran Copper Company Inc. (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, announces that the City of Casa Grande has approved the rezoning for the northern parcel of the MainSpring Property (“Parks/Salyer South”) to Industrial use. Rezoning the northern parcel allows ASCU to begin drilling and an exploration plan is being prepared.
Image Credit: Arizona Sonoran Copper Company Inc.
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.
As a recap, the Parks/Salyer mineral resource contains a total of 2.9 billion pounds at a grade of 1.015% Copper, inferred, (for mineral resource disclosures, please see PR dated Sept 28, 2022), and is currently bounded at the Parks/Salyer border (see FIGURE 1). The Company is expecting to issue an updated mineral resource update on the entire Cactus Project, inclusive of Parks/Salyer in Q4 2023.
The 2.5 acre MEP situated at the southern border of the Parks/Salyer deposit, was received from Arizona State Lands. The parcel is located at the intersection of Parks/Salyer, Bronco-Creek and the Parks/Salyer South properties (see FIGURE 2). The MEP also allows improved access to mineralized material and eliminates the potential of sterilization related to mine planning activities adjacent to this parcel.
Travis Snider, VP Sustainability and External Relations commented, “Our team is appreciative of the ongoing support from the city of Casa Grande and our Stakeholders in every step of redeveloping the Cactus Mine. Rezoning the north parcel continues to open up new land at Cactus for future operations, and adds the potential for incremental mineral resource growth.”