# 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-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c

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: AZMCF

- Exchange: TSX

- Region: Arizona

- Primary commodity: Gold

- Secondary commodities: Copper, Silver, Zinc, Lead

- Document categories: Drill results, Other

- Extracted: 2026-08-21 09:16:03 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 mineralization approximately 100m north of previously known zones and is expected to contribute to an upcoming mineral resource estimate.

Reasoning: The announcement reports a significant discovery hole \(KM-24-166\) with high-grade gold equivalent intercepts in a new zone \(Kay2\), extending the known footprint of the Kay deposit.

- Positive factor: Discovery of new mineralization lens \(Kay2 Zone\)

- Positive factor: High-grade AuEq intercept \(6.65 g/t\)

- Positive factor: Step-out drilling successful

- Positive factor: QA/QC protocols and QP sign-off disclosed

- Negative factor: Metal equivalent assumptions disclosed but rely on historic metallurgical data

Facts used in scoring: 5

## 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, discovering a new lens.

Evidence · text

> KM-24-166 stepped north 110 m from the nearest hole, KM-24- 94B

**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 details QA/QC protocols, including blind standards, blanks, and ALS laboratory accreditation.

Evidence · text

> all of Arizona Metals Corp.'s drill sample assay results have been independently monitored through a quality assurance/quality control \("QA/QC"\) protocol

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: David Smith, CPG, is named as the Qualified Person who reviewed and approved the technical disclosure.

Evidence · text

> The qualified person who reviewed and approved the technical disclosure in this release is David Smith , CPG

## Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

## Drill Results (5)

### KM-24-166

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c#fact-drill-facts-0)

Kay Project · gold

#### Identity

- Hole ID: KM-24-166
- Project: Kay Project
- Commodity: gold
- Ticker: AZMCF

#### Geometry

- Grade: 6.65
- Grade Unit: g/t AuEq
- Intercept: 50 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: KM-24-166:0-50
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### 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: 50m at 6.65 g/t AuEq is a strong discovery intercept in a VMS system.

- Positive factor: Discovery hole

- Positive factor: High grade over significant width

Evidence · text

> KM-24-166, returned 50.0 m grading 6.65 g/t AuEq

### KM-24-166

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c#fact-drill-facts-1)

Kay Project · gold

#### Identity

- Hole ID: KM-24-166
- Project: Kay Project
- Commodity: gold
- Ticker: AZMCF

#### Geometry

- Grade: 12.69
- Grade Unit: g/t AuEq
- Intercept: 6.9 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Group ID: KM-24-166:0-50
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: blanks, standards

#### 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 intercept within the larger discovery interval.

- Positive factor: High-grade sub-interval

Evidence · text

> including 6.9 m @ 12.69 g/t AuEq

### KM-24-162

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c#fact-drill-facts-2)

Kay Project · gold

#### Identity

- Hole ID: KM-24-162
- Project: Kay Project
- Commodity: gold
- Ticker: AZMCF

#### Geometry

- Grade: 4.16
- Grade Unit: g/t AuEq
- Intercept: 1.5 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-10-31T00:00:00.000Z

Reasoning: Small stepout intercept.

- Positive factor: Stepout success

- Negative factor: Narrow interval

Evidence · text

> KM-24-162 intersected 1.5 m @ 4.16 g/t AuEq

### KM-24-162

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c#fact-drill-facts-3)

Kay Project · gold

#### Identity

- Hole ID: KM-24-162
- Project: Kay Project
- Commodity: gold
- Ticker: AZMCF

#### Geometry

- Grade: 1.65
- Grade Unit: g/t AuEq
- Intercept: 5.5 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-10-31T00:00:00.000Z

Reasoning: Marginal intercept.

Evidence · text

> and 5.5 m @ 1.65 g/t AuEq

### KM-24-161

[Link to this fact](https://atlas-staging.minestarters.com/news/arizona-metals-drills-discovery-hole-in-new-kay2-lens-at-kay-deposit-50-0-m-6-7--735e3438-7b7e-4637-9626-e3595eb3d51c#fact-drill-facts-4)

Kay Project · copper

#### Identity

- Hole ID: KM-24-161
- Project: Kay Project
- Commodity: copper
- Ticker: AZMCF

#### Geometry

- Grade: 0.43
- Grade Unit: % CuEq
- Intercept: 3.2 m

#### Classification

- Deposit Type: vms
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-10-31T00:00:00.000Z

Reasoning: Anomalous copper equivalent intercept.

Evidence · text

> KM-24-161 intersected the Kay mineralization horizon over 3.2 m grading 0.43% CuEq

## 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.