(www.investorideas.com
Newswire) a leading investing platform for mining stocks, reports on
breaking stock news for Arizona Eagle Mining Corp.
(TSXV: AZEM).
Arizona Eagle Mining Corp. (TSXV: AZEM) common shares began trading on the TSX Venture under the symbol
AZEM yesterday, March 31, 2026.
The stock closed at $1.4000 (+0.2100 (+17.65%)) with a day’s
high of $1.50 as gold and silver prices also realized gains.
Arizona Eagle is a mineral exploration company focused on the
acquisition, exploration, and development of mineral properties.
Arizona Eagle’s principal asset is the Eagle Project, a 4,533-acre
property comprised of patented and unpatented claims located near
the town of Prescott Valley in Yavapai County, Arizona, which it
holds through its wholly owned subsidiary, AZ Desert Land Holdings
Corp. The Eagle Project is centred on the past-producing McCabe
Mine, a high-grade gold-silver deposit, and includes multiple
parallel structures hosting past-producing mines that remain largely
untested by modern drilling. While Arizona Eagle’s primary focus
will be on exploration and development of the Eagle Project, it will
continue to own Core Nickel’s land portfolio in the Thompson Nickel
Belt of northern Manitoba.
Eagle Project Overview
Arizona Eagle holds a 100% interest in the Eagle Project located in
Yavapai County, Arizona. The Project is anchored by the
past-producing gold and silver McCabe Mine, situated on more than
300 acres of private land. Stan West Mining historically invested
more than US$35 million (approximately C$110 million in today’s
dollars) to drill and develop the mine. In 1984, Stan West Mining
published a historic estimate of approximately 878,000 ounces of
gold and 5 million ounces of silver,1 defined to a depth of
approximately 440 meters and open in all directions (see Figure 1).
Over the past two years, Arizona Eagle has expanded its land
position to nearly 4,500 acres through staking and acquisitions
surrounding the McCabe Mine. During this time the company completed
exploration programs focused on geological mapping, surface
sampling, helicopter-borne VTEM surveys, and ground-based induced
polarization surveys that identified multiple parallel mineralized
structures not historically drill tested (see Figure 2).
Figure 1. Eagle Project – Long Section (Historic Estimate)
The historical estimates for the McCabe Deposit are unclassified
and predate and are non-compliant with current NI 43-101
standards; they are based on a 1984 “Total Reserve Estimate” by
Stan West Mining. The company’s qualified person has not done
significant work to classify the historic estimate as current
mineral resources or current mineral reserves. Significant data
compilation, re-drilling, re-sampling, and data verification may
be required by a qualified person before the historic resource can
be verified and upgraded to be compliant with current NI 43-101
standards.
Figure 2. Eagle Project—Plan Map showing land package and
structures.
In the first quarter of 2026, the company initiated a fully funded
Phase 1 drill program totaling approximately 4,500 meters. The
drill program was designed to confirm the historic resource
estimate in addition to potentially expand upon it. The drill
program is expected to conclude in June 2026. Core samples from
the initial drill holes have been submitted for laboratory
analysis with assay results currently pending. A second core drill
rig is scheduled to mobilize to the Eagle Project in July 2026 for
further drilling
Phase 1 Drill Program
In the first quarter of 2026, the company initiated a fully funded
Phase 1 drill program totaling approximately 4,500 meters. The drill
program was designed to confirm the historic resource estimate in
addition to potentially expand upon it. The drill program is
expected to conclude in June 2026. Core samples from the initial
drill holes have been submitted for laboratory analysis with assay
results currently pending. A second core drill rig is scheduled to
mobilize to the Eagle Project in July 2026 for further drilling
About Arizona Copper and Gold Ltd.
ACG is a private mineral exploration company based in Toronto,
Ontario, focused on the acquisition, exploration and development of
mineral properties in the United States. Through its wholly owned
subsidiary, AZ Desert Land Holdings Corp., ACG holds a 100% interest
in the Eagle Project in Yavapai County, Arizona.
Further Information
For further information on Arizona Eagle, please contact:
Arizona Copper and Gold Ltd.
Kevin Reid
Chief Executive Officer and Director
Email:
kreid@arizonaeaglemining.com
Also find Arizona Copper and Gold online:
https://www.arizonaeaglemining.com/
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements and
forward-looking information (collectively, “forward-looking
statements”) within the meaning of applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements are often identified by terms
such as “may”, “should”, “anticipate”, “will”, “estimates”,
“believes”, “intends”, “expects” and similar expressions which are
intended to identify forward-looking statements. More particularly and
without limitation, this news release contains forward-looking
statements, including statements concerning the Transaction (including
the Name Change, Consolidation and Continuance), the conversion of the
Subscription Receipts and the release from escrow of the net proceeds
therefrom to the Resulting Issuer, court approval of the Arrangement,
the satisfaction of all remaining conditions to completion of the
Transaction under the Arrangement Agreement, the expected closing date
of the Transaction and the anticipated commencement of trading of the
Resulting Issuer’s common shares on the TSXV. Forward-looking
statements are inherently uncertain, and the actual performance may be
affected by a number of material factors, assumptions and
expectations, many of which are beyond the control of the parties,
including expectations and assumptions concerning (i) ACG, Core
Nickel, the Resulting Issuer, and the Transaction, (ii) the timely
receipt of all required court and regulatory approvals (as
applicable), including the approval of the TSXV, (iii) the
satisfaction of remaining closing conditions in accordance with the
terms of the Arrangement Agreement, (iv) changes to anticipated
capitalization, (v) if the Transaction is completed, the ability of
the Resulting Issuer to execute on the proposed exploration program at
the Eagle Project, and (vi) other assumptions and risks described in
the Core Nickel Circular.
Readers are cautioned that assumptions used in the preparation of any
forward-looking statements may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from those
predicted as a result of numerous known and unknown risks,
uncertainties and other factors, many of which are beyond the control
of the parties. Readers are further cautioned not to place undue
reliance on any forward-looking statements, as such information,
although considered reasonable by the respective management of the
parties at the time of preparation, may prove to be incorrect and
actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made
as of the date of this news release, and are expressly qualified by
the foregoing cautionary statement. Except as expressly required by
securities law, neither party undertakes any obligation to update
publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise.
Completion of the Transaction is subject to a number of remaining
conditions, including but not limited to, receipt of court approval of
the Arrangement and TSXV acceptance. There can be no assurance that
the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management
information circulars prepared in connection with the Transaction, any
information released or received with respect to the Transaction may
not be accurate or complete and should not be relied upon. Trading in
the securities of Core Nickel or ACG should be considered highly
speculative.
The TSXV has in no way passed upon the merits of the Transaction and
has neither approved nor disapproved the contents of this news
release.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein in the
United States or in any other jurisdiction, nor shall there be any
sale of the securities in any state in which such offer, solicitation
or sale would be unlawful. The securities have not been and will not
be registered under the U.S. Securities Act, or any state securities
laws, and accordingly, may not be offered or sold in the United States
except in compliance with the registration requirements of the U.S.
Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Not for distribution to U.S. news wire services or for dissemination
in the United States.
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Disclaimer/Disclosure: Arizona Copper ( formerly
Arizona Eagle) is a paid featured mining stock on Investor
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