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Arizona Sonoran Copper Company Inc. - ASCUF STOCK NEWS

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Arizona Sonoran Copper Co (ASCUF) is a leading copper mining company with a focus on sustainable practices and community engagement. They specialize in exploration, extraction, and processing of high-grade copper ores in the Sonoran Desert region. With state-of-the-art technology and a skilled workforce, ASCUF has achieved significant milestones, including expansions in production capacity and new partnerships with local communities for responsible mining practices. Their commitment to environmental stewardship and social responsibility sets them apart in the industry, making them a trusted name in the copper market.

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Arizona Sonoran Copper Company has released an updated Mineral Resource Estimate (MRE) for its Cactus copper project in Arizona. Key highlights include:

  • Total Measured & Indicated resources of 632.6 million short tons at 0.58% copper, containing 7.3 billion pounds of copper
  • Inferred resources of 474.0 million short tons at 0.41% copper, containing 3.8 billion pounds of copper
  • Parks/Salyer deposit now amenable to open pit mining
  • 1,904% increase in Measured category resources
  • 26% increase in total Measured & Indicated resources
  • 60% increase in Inferred resources

The updated MRE incorporates results from recent drilling at the MainSpring property. It will form the basis for an upcoming Preliminary Economic Assessment, expected in early Q3 2024.

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Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has scheduled its annual and special meeting of shareholders for 10:30 am Eastern Time on September 17, 2024. The meeting will be held in person at 100 King Street West, Suite 3400, Toronto, Ontario.

Shareholders are encouraged to attend as a corporate presentation by senior executives will follow. Details and the Notice of Meeting are posted on the ASCU SEDAR+ profile and the company's website. For those unable to attend, presentation materials will be available online post-meeting.

The TSX has granted an extension to the company to hold this meeting on or before September 17, 2024.

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Arizona Sonoran Copper Company (TSX:ASCU | OTCQX:ASCUF) has announced new drilling results extending primary copper mineralization around the Cactus West Pit by 750 ft south and 500 ft southwest. The drilling program, part of the 2024 Nuton Work Program sponsored by Rio Tinto's Nuton , confirms significant primary sulphide intervals with highlights including 1,463 ft @ 0.31% CuT and 987 ft @ 0.34% CuT. The current drilling aims to further delineate mineralization beneath existing oxides and enriched sulphides, targeting untested areas to expand future opportunities. The results will not be included in the pending Preliminary Economic Assessment but indicate potential for increased copper resources.

The Cactus Project, including Parks/Salyer, holds substantial reserves, with Cactus West contributing 75.5 Mtons @ 0.26% Cu TSol and primary sulphide estimates of 72.9 Mtons @ 0.34% CuT M&I and 120.4 Mtons @ 0.34% CuT inferred.

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Arizona Sonoran Copper Company (TSX: ASCU, OTCQX: ASCUF) has announced results from its infill drilling program at MainSpring, part of its Cactus Project in Arizona. The program aims to upgrade the mineral resource classification and support an open-pit design. Initial drilling results include 827 ft at 0.30% CuT, with detailed assays provided for multiple drill holes. The company plans to include these findings in a Preliminary Economic Assessment (PEA) due in Q3 2024. The study will incorporate Nuton Technologies' leaching methods to explore economic potential. The program is funded by ASCU and Nuton Technologies under a joint venture agreement. George Ogilvie, CEO, emphasized the potential to benefit from current copper market cycles and aims for a construction decision in the near term.

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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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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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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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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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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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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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FAQ

What is Arizona Sonoran Copper Co known for?

Arizona Sonoran Copper Co (ASCUF) is recognized for its expertise in copper mining, sustainable practices, and community engagement.

Where does Arizona Sonoran Copper Co operate?

Arizona Sonoran Copper Co operates in the Sonoran Desert region, known for its high-grade copper deposits.

What are some recent achievements of Arizona Sonoran Copper Co?

Arizona Sonoran Copper Co has achieved milestones in expanding production capacity, forming partnerships with local communities, and adopting responsible mining practices.

How does Arizona Sonoran Copper Co contribute to environmental stewardship?

Arizona Sonoran Copper Co is committed to environmental stewardship by implementing sustainable mining practices and technologies.

What sets Arizona Sonoran Copper Co apart in the industry?

Arizona Sonoran Copper Co stands out in the industry for its focus on sustainability, social responsibility, and community engagement.

What technologies does Arizona Sonoran Copper Co use in copper extraction?

Arizona Sonoran Copper Co utilizes state-of-the-art technologies in exploration, extraction, and processing of high-grade copper ores.

How does Arizona Sonoran Copper Co engage with local communities?

Arizona Sonoran Copper Co collaborates with local communities to ensure responsible mining practices and mutual benefit.

What is the core business of Arizona Sonoran Copper Co?

The core business of Arizona Sonoran Copper Co is the exploration, extraction, and processing of high-grade copper ores in the Sonoran Desert region.

What is the mission of Arizona Sonoran Copper Co?

The mission of Arizona Sonoran Copper Co is to be a leader in sustainable copper mining, contributing to the local economy and environment.

How does Arizona Sonoran Copper Co ensure the safety of its workforce?

Arizona Sonoran Copper Co prioritizes the safety of its workforce through training, technology, and compliance with industry regulations.

Does Arizona Sonoran Copper Co have any upcoming projects?

Arizona Sonoran Copper Co is currently exploring new projects to expand its operations and enhance its presence in the copper market.

Arizona Sonoran Copper Company Inc.

OTC:ASCUF

ASCUF Rankings

ASCUF Stock Data

107.10M
74.14M
1.53%
38.89%
Copper, Nickel, Lead, and Zinc Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Toronto