Arizona Sonoran Receives Milestone Industrial Air Permit
May 15 2023 - 6:30AM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU |
OTCQX:ASCUF) (“ASCU” or the “Company”) an emerging US-based
copper developer and near-term producer, is pleased to announce
that Pinal County Air Quality Department has approved and issued
the Company its Industrial Air Permit for the Cactus Mine Project
(the “Project”). The issuance of this permit is a key milestone in
the re-development of the Project, as it is the final major permit
needed, ahead of developing and mining the Project.
Pinal County’s Air Quality Department is in charge of the Clean
Air Act delegated authority to regulate stationary industrial
developments within the County. The Industrial Air Permit issued to
Cactus governs air quality compliance in accordance with federal,
state, and county standards.
Travis Snider, ASCU VP Sustainability and External Relations
commented, “With this permit now in hand, we have received all
major permits as it relates to the Cactus Mine Project. We have
listened to the community, demonstrated our plans to recycle and
reuse water from an industrial aquifer, and have established a mine
plan which would respect the surrounding community. We are
dedicated to the responsible redevelopment of our past-producing
copper project situated on private land.”
While the Company advances work programs to complete the Cactus
and Parks/Salyer Pre-Feasibility Study (“PFS”), including, site
characterization, engineering and other activities required to
reach a construction decision, from a permitting perspective,
portions of the project are now considered shovel ready. Based on
the PFS characterizations, required amendments to include
Parks/Salyer will be made, as well as minor construction related
permits, not yet applied for.
Neither the Toronto Stock Exchange nor the regulating authority
has approved or disproved the information contained in this press
release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with
low operating costs and to develop the Cactus and Parks/Salyer
Projects 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 is the Company’s
100%-owned Parks/Salyer deposit 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.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of ASCU to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20230515005307/en/
For more information Alison Dwoskin, Director, Investor
Relations 647-233-4348 adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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