ARIZONA SONORAN COPPER CO - $ASCUF STOCK NEWS

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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ARIZONA SONORAN COPPER CO's position in the market.

04/29/2024 06:30 AM

News

Arizona Sonoran Drills 1,206 ft (368 m) of 0.56% CuT at MainSpring and Completes Initial MainSpring Inferred Drill Program

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCU) has reported the successful completion of its inferred drilling program on MainSpring, confirming the continuation of thick enrichment and the presence of enriched mineralization. The completion of the program extended mineralization over 2,500 ft x 3,000 ft within an interpreted horst block. An exploration of a new open pit within the property bounds around MainSpring within the PEA expected in Q3 2024 is planned.

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End-of-Day

0.93%

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03/19/2024 06:30 AM

News

Arizona Sonoran Drilling at MainSpring Confirms Near Surface Mineralization

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Arizona Sonoran Copper Company Inc. (ASCUF) reports positive drilling results at MainSpring on its Cactus Project, Arizona, confirming near surface mineralization and extending the High Grade Mine Trend. The company plans a Preliminary Economic Assessment and further drilling to optimize operations and financials.

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End-of-Day

-4.45%

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03/05/2024 06:30 AM

News

Arizona Sonoran Announces Acquisition of Land and Completes Rezoning MainSpring

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCU) provides an update on positive land developments, including MainSpring and a new special land use permit. MainSpring's rezoning and consolidation around Cactus mine improve operational flexibility and access to mineralization. The company acquired the 523-acre MainSpring Property and completed rezoning to Industrial Use, Mining. ASCU also obtained a Section 2 special land use permit for future mine infrastructure. The press release highlights the company's progress and community support.

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-0.24%

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02/21/2024 01:54 PM

News

Arizona Sonoran Announces a Positive Pre-Feasibility Study for the Cactus Mine Project with a US$509M Post-Tax NPV and 55 kstpa Copper Cathode over 21 Years

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCUF) completes NI 43-101 Prefeasibility Study for Cactus Project, outlining a top 10 potential copper operation in the USA with robust economics and long-term sustainability.

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End-of-Day

-10.48%

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01/30/2024 06:30 AM

News

Arizona Sonoran Announces 2024 Work Plan

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCUF) announces its 2024 work plan and 2023 achievements, including financing, mineral resource increases, team appointments, drilling, land acquisition, metallurgy, and permitting. The 2024 work plan focuses on technical studies, drilling programs, metallurgy, and permitting. Nuton's 2024 work plan includes drilling, technical studies, and metallurgy. The CEO highlights the partnership with Nuton and Rio Tinto, emphasizing the potential value for ASCU shareholders.

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Rhea-AI Sentiment

End-of-Day

10.57%

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01/25/2024 06:30 AM

News

Arizona Sonoran MainSpring Drilling Intersects Near Surface Mineralization; Intersects 1,053 ft (321 m) of 0.20% Total Copper from 147 ft (45 m) depth

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCUF) releases drill assay results from the MainSpring property, showing continuous mineralization near the surface with open pit potential. The company plans to update the Cactus Mineral Resource Estimate post-Prefeasibility Study and is working on re-zoning the property for mining use. The drilling highlights include significant copper mineralization with low discovery costs, indicating a lower risk copper project.

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-1.28%

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01/16/2024 06:30 AM

News

Arizona Sonoran Drills 521 ft (159 m) @ 1.78%CuT at Parks/Salyer

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. reported infill drill assay results from the Parks/Salyer infill to measured program on the Cactus Project, Arizona. The press release also mentioned that infill and exploration drilling to the south of Parks/Salyer has resumed at MainSpring with three drills. The drilling highlights included significant continuous mineralization and enriched material. The company is looking forward to integrating the thick and high-grade Parks/Salyer porphyry copper deposit into their Prefeasibility Study. In 2024, the exploration teams will expand the definition of the primary sulphides, oxides, and enriched material at their MainSpring and Cactus West projects.

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End-of-Day

4.52%

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01/10/2024 06:30 AM

News

Arizona Sonoran Extends Mineralization 674 ft (205 m) Below Cactus West Mineral Resource Shell; Drills 731 ft (223 m) of 0.92% CuT of Continuous Mineralization at Cactus East

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCU) reports additional drill assay results from the Cactus West and Cactus East deposits within the Cactus Project, Arizona. The company is finalizing the 2024 work plan, which will include follow-up drilling at Cactus West and MainSpring, and metallurgical test work for the Nuton Case Integrated Pre-feasibility Study. The encouraging results support the need for an expanded Cactus West infill and exploration drill program. The measured infill drilling bodes well for future updates to the Mineral Resource Estimate (MRE) and Definitive Feasibility Studies, planned following the release of the Stand Alone PFS in 1Q24.

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End-of-Day

-5.68%

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12/14/2023 01:15 PM

News

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

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCU) announces a strategic joint venture with Nuton LLC, a subsidiary of Rio Tinto, to deploy Nuton technologies at its Cactus Mine and Parks/Salyer Project. The joint venture agreement includes up to US$33 million in non-dilutive financing, reducing execution risks and preserving long-term optionality for ASCU. The transaction aims to significantly increase copper production and enhance project economics, with an Integrated Nuton Case Pre-Feasibility Study (PFS) targeted for completion by December 31, 2024.

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End-of-Day

12.73%

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12/13/2023 06:30 AM

News

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

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (ASCU) announces metallurgical results from the Nuton Phase 1 column leach program for the Cactus copper porphyry project. The company is targeting an average life of asset copper extraction rate of 80% to 95% from the Cactus area material. The press release also mentions the completion of small column tests, plans for Phase 2, and the potential integration of Nuton's flow sheet into the planned Cactus heap leach and SXEW flow sheet.

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End-of-Day

-0.54%

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