Big Board Alerts

October 4, 2023
City of Casa Grande Approves Rezoning for Arizona Sonoran Copper’s (TSX:ASCU) MainSpring Property, Company Acquires Mineral Exploration Permit

Source: Arizona Sonoran Copper

The City of Casa Grande has given the green light for the rezoning of the northern section of the MainSpring Property, known as “Parks/Salyer South,” to Industrial use for Arizona Sonoran Copper (TSX:ASCU). This approval paves the way for Arizona Sonoran Copper to kick off drilling activities. The company is currently in the process of developing an exploration plan. Meanwhile, the southern parcel of Parks/Salyer South is still undergoing rezoning and a General Plan Amendment with the City of Casa Grande.

Travis Snider, VP Sustainability and External Relations commented in a press release: “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.”

In addition to the rezoning, Arizona Sonoran Copper has secured a 2.5-acre Mineral Exploration Permit (MEP) within the Parks/Salyer deposit from Arizona State Lands. This acquisition will offer the company more operational flexibility and positions it for low-risk, high-impact exploration targets. The MEP is situated at the southern edge of the Parks/Salyer deposit and intersects with Parks/Salyer, Bronco-Creek, and Parks/Salyer South properties. The permit will also enhance accessibility to mineralized material and mitigate any potential setbacks in mine planning activities adjacent to this parcel.

For context, the Parks/Salyer mineral resource has an estimated 2.9 billion pounds of copper with a grade of 1.015%, categorized as inferred. The mineral resource is presently confined to the Parks/Salyer border. Arizona Sonoran Copper plans to release an updated mineral resource report for the entire Cactus Project, which includes Parks/Salyer, in the fourth quarter of 2023.

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post City of Casa Grande Approves Rezoning for Arizona Sonoran Copper’s (TSX:ASCU) MainSpring Property, Company Acquires Mineral Exploration Permit appeared first on MiningFeeds.

 

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