Copper miner Arizona Sonoran Copper has filed the technical report in connection with the Parks/Salyer mineral resource estimate on SEDAR. The report covers both the Parks/Salyer and Cactus projects, each 100% owned and situated on private land in Pinal County, Ariz.
“The technical report, inclusive of the Parks/Salyer resource, now demonstrates size and scale in a top tier location and within a prolific porphyry trend,” said George Ogilvie, Arizona Sonoran president and CEO.
“Our teams have made significant progress at site and are now executing the detailed engineering work programs to produce a combined Parks/Salyer and Cactus Prefeasibility Study.”
Stantec Consulting Services, in conjunction with Samuel Engineering, prepared the technical report for Arizona Sonoran, which includes the mineral resource estimate of Parks/Salyer and covers the Cactus mine project, including sections from the latter’s 2021 Preliminary Economic Assessment (PEA).
The company said the results and conclusions of the PEA “are still considered current and therefore have been carried over for the technical report.”
Parks/Salyer is situated 2 kilometers southwest along the mine trend from the Cactus project. Initial drilling at Parks/Salyer has indicated the potential for a significant deposit, which could benefit the economics of scale at Cactus by utilizing the same future infrastructure.
Cactus, previously known as the Sacaton Mine, was owned and operated by ASARCO from 1972-1984.
The property has since undergone a $20 million reclamation program under the guidance of the ASARCO Trust and the Arizona Department of Environmental Quality. It was acquired by Arizona Sonoran in July 2020.