08:56 AM EST, 03/03/2025 (MT Newswires) -- Arizona Metals ( AZMCF ) on Monday provided assay results from three drill holes in the Kay2 Zone and one hole from the West target at the Kay project in Arizona.

In the Kay2 Zone, one drill hole intersected 34.8m at 11.3 grams per tonne (g/t) gold equivalent (AuEq), including 2.0m at 23.6 g/t AuEq and 4.0m at 19.1 g/t AuEq. One sample in this drill hole returned 33.5 g/t Au, the third highest gold assay on the project to date.

A second drill hole in the Kay 2 Zone, intersected 4.7m at 1.0% copper equivalent. The company expects mineralization in these and other Kay2 Zone drill holes to add tonnage to the forthcoming mineral resource estimate for the Kay deposit, planned for the first half of 2025.

"Meanwhile, we continue to probe the vertical extents of both the Kay2 Zone and the main Kay deposit with deep drill holes. We are currently drilling two deep trunk holes (holes 176 and 177) below the Kay and Kay2 zones targeting around 1150 m below surface and will wedge these holes laterally and at successively higher elevations in order to determine the deeper extents of the mineralization," said Arizona Metals ( AZMCF ) Chief Executive Duncan Middlemiss. "It is planned that the results of this deeper drilling could be included in the H1 -2025 mineral resource estimate."

Shares of the company closed down $0.04 or 3%, to $1.30 on Friday on the Toronto Stock Exchange.