George Ogilvie, P.Eng, President, Chief Executive Officer and Director, Arizona Sonoran Copper Company Inc.
Arizona Sonoran Copper Company: New Shareholder Rio Tinto - Development of Copper Project
ASCU’s objective is to become a mid-tier copper producer with low operating costs, develop the Cactus Project that could generate robust returns for investors, and provide a long term sustainable and responsible operation for the community and all stakeholders.
The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project the Company is also exploring on its 100% owned Park Salyer property that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset.
The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
Past producing exploration and developmentproject in a tier 1 jurisdiction, with low risk and lower capex development (well-advanced permitting, water rights and access to infrastructure both onsite and nearby).
Significant exploration program planned for 2022, including +140,000 ft of drilling at the Parks/Salyer exploration project and feasibility level drilling at the Cactus Mine Project.
Well-funded with strong institutional and corporate support; Recent C$35 financing, included 7% investment by Rio Tinto and Nuton leaching technology (potential to unlock the primary sulfide mineral resource from being a stranded resource).
Updates on key copper projects including Parks/Salyer and drilling
ASCU is pleased to enter into a one year exclusivity period with Nuton TM, a Rio Tinto Venture
Updates on Cactus Mine and Parks/Salyer located in the Arizona Copper Belt.
Located at the convergence of three major porphyry copper trends in Arizona's copper mining district
Announces a new 80,000 ft (24,400 m) Drilling Program well-underway at the P/S Project
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