Arizona Eagle Mining Corp. Announces Completion of High Resolution TEM Geophysical Survey at the Eagle Project and Provides Update on McCabe Mine Reopening Studies

Arizona Eagle Mining Corp. has completed a 708 line-kilometre airborne time-domain electromagnetic (TEM) geophysical survey at its Eagle Project, utilizing the high-resolution SkyTEM "Diamond" system. The survey focused on the historic McCabe gold-silver district and parallel structures, with data interpretation expected to take approximately six weeks.

Engineering studies to reopen the sealed McCabe Mine shafts are actively underway, including cement core sampling and compression testing of the Sooner shaft and vent raise. The company targets a Phase 1 underground drill program for Q3 2027, which is projected to reduce drilling metres by up to 95% and significantly lower cost per metre compared to surface drilling.

The release reiterates previous exploration highlights, including maiden drill program results that extended mineralization northeast of the McCabe Mine and intersected VMS-type mineralization.

Arizona Eagle Mining Corp. (AZEM) confirmed operational progress on two parallel tracks: geophysical data acquisition and mine reopening engineering. Both initiatives are proceeding on their expected timelines.

The completion of the SkyTEM survey marks a procedural milestone. The material value of the survey will be realized upon data interpretation and subsequent target prioritization, which is slated for late December 2026 or January 2027.

Engineering studies for the McCabe Mine reopening validate the company's stated strategy to transition to underground drilling. The projected 95% reduction in drilling metres represents a significant operational efficiency gain, though it is a forward-looking estimate tied to the Q3 2027 drill program.

The release introduces no new financial data, revised cost estimates, or unexpected catalysts. It serves as a status update confirming execution without deviation.

Arizona Eagle Mining Corp. (ticker AZEM), formerly known as Core Nickel Corp., operates the Eagle Project in Yavapai County, Arizona. The company’s flagship asset is the McCabe Mine, a past-producing high-grade gold-silver deposit. A 1984 historical estimate reported approximately 880,000 ounces of gold at 11.7 g/t and approximately 5 million ounces of silver at 69 g/t, defined to a depth of approximately 440 meters. This estimate is not NI 43-101 compliant and requires verification.

The company recently acquired the Silver Parcels, which include the Arizona National, Lookout, and Silver Belt mines. This acquisition extends the structural corridor of mineralization by 50% and adds high-grade silver sampling targets. Currently in the exploration and development stage, the company is transitioning from surface drilling to underground operations by reopening the historic Sooner Shaft and ventilation raise to access the 830-foot level.