Arizona Mining (AZ-T) New Taylor Resource Expected Within the Week
HDS-377 Intersects Twelve (12) Mineralized Zones With Cumulative Thickness of 412 Feet Including a 26 Foot Interval Assaying 14.2% Zinc, 13.8% Lead, 19.2 opt Silver
Oct 24, '16 - NR
Arizona Mining is pleased to announce the results of three (3) exploration drill holes from its current program on the Taylor Zn-Pb-Ag sulfide deposit located on its 100%-owned Hermosa Project in Santa Cruz County, Arizona. This brings the total number of drill holes reported in the 2016 program to thirty-four (34).
HDS-377 is a steep angle (-87 degrees) core hole drilled to infill and deepen prior mineralization intersected in HDS-102 which stopped short of the favored Epitaph host. The drill hole intersected twelve (12) mineralized zones with a cumulative thickness of 412 feet (all intervals are interpreted to be within 5% of true width). The results from this hole, drilled to a depth of about 3,400 feet, indicate the mineralization continues below the levels tested by HDS-102, HDS-145 and HDS-129. Several well mineralized zones were intersected in the drill hole, including a 30.5 foot thick zone high in the carbonate sequence which assayed 14.8% zinc, 7.2% lead and 3.2 ounces per ton ("opt") silver. Deeper down the hole, the drilling intersected a 26 foot thick zone which assayed 14.2% zinc, 13.8% lead and 19.2 opt silver.
HDS-376 is a significant step out angle drill hole (-82.5 degrees) drilled northwest of the boundary of the previously reported resource area. The drill hole results indicate that good continuity exists between the original resource area and step out drill holes located further north and northwest. HDS-376 intersected four (4) distinct mineralized horizons with a total cumulative mineralized thickness of 109 feet. Several well mineralized zones were intersected in the drill hole including a 14 foot thick interval assaying 7.9% zinc, 11.5% lead and 4.1 opt silver within a broader 46.5 foot thick zone of mineralization.
HDS-375 is an important angled (-82.5 degrees) step out hole drilled to test an area northeast of the previously reported resource area. The drill hole results have extended the mineralization to the northeast from the original resource area. HDS-375 intersected six (6) distinct mineralized horizons with a total cumulative mineralized thickness of 237.5 feet. Several well mineralized zones were intersected in the drill hole including a 14.5 foot thick interval assaying 18.6% zinc, 12.5% lead and 4.1 opt silver. A second interval of note in HDS-375 is a 45 foot thick zone which assayed 5.3% zinc, 7.7% lead and 3.1 opt silver.
Arizona Mining CEO Jim Gowans commented, "With the continued success of our expanded drill program, we are moving forward our timelines and will now endeavour to deliver an updated resource for the Taylor deposit within the week versus our original timeframe of Q1 2017. As a consequence, and also in view of the progress to date with technical and engineering work on the Taylor Project, we will review and update the expected timeline for completion of a preliminary economic assessment."
| Table I. ASSAY SUMMARIES FOR HDS-375, HDS-376 AND HDS-377 | | | | DH_ID | | From (feet) | | To (feet) | | Interval (in feet) | | From (meters) | | To (meters) | | Interval (meters) | | Ag opt | | Pb% | | Zn% | | Cu% | | HDS-375 | | 755 | | 790 | | 35 | | 230.1 | | 240.8 | | 10.7 | | 5.93 | | 4.34 | | 9.92 | | 0.13 | | HDS-375 | | 1785 | | 1795.5 | | 10.5 | | 544.0 | | 547.2 | | 3.2 | | 5.80 | | 11.46 | | 1.25 | | 0.06 | | HDS-375 | | 2310 | | 2350 | | 40 | | 704.1 | | 716.2 | | 12.2 | | 2.01 | | 5.99 | | 8.72 | | 0.16 | | Including | | 2310 | | 2324.5 | | 14.5 | | 704.1 | | 708.5 | | 4.4 | | 4.14 | | 12.50 | | 18.56 | | 0.38 | | HDS-375 | | 2476 | | 2525 | | 49 | | 754.6 | | 769.6 | | 14.9 | | 1.15 | | 3.03 | | 1.26 | | 0.02 | | HDS-375 | | 2546 | | 2604 | | 58 | | 776.0 | | 793.7 | | 17.7 | | 1.13 | | 2.69 | | 3.34 | | 0.05 | | HDS-375 | | 3592 | | 3637 | | 45 | | 1094.8 | | 1108.5 | | 13.7 | | 3.05 | | 7.68 | | 5.26 | | 0.31 | | | | | | | | | | | | | | | | | | | | | | | | HDS-376 | | 2495 | | 2540 | | 45 | | 760.4 | | 774.2 | | 13.7 | | 2.19 | | 1.92 | | 4.39 | | 0.11 | | Including | | 2495 | | 2502 | | 7 | | 760.4 | | 762.6 | | 2.1 | | 11.15 | | 9.79 | | 24.37 | | 0.63 | | HDS-376 | | 2560 | | 2572 | | 12 | | 780.2 | | 783.9 | | 3.7 | | 3.83 | | 5.02 | | 2.54 | | 0.16 | | HDS-376 | | 3368 | | 3373.5 | | 5.5 | | 1026.5 | | 1028.2 | | 1.7 | | 14.55 | | 10.15 | | 3.82 | | 0.30 | | HDS-376 | | 3478.5 | | 3525 | | 46.5 | | 1060.2 | | 1074.4 | | 14.2 | | 1.83 | | 5.28 | | 3.81 | | 0.43 | | Including | | 3478.5 | | 3492.5 | | 14 | | 1060.2 | | 1064.5 | | 4.3 | | 4.13 | | 11.47 | | 7.87 | | 1.23 | | | | | | | | | | | | | | | | | | | | | | | | HDS-377 | | 886 | | 942 | | 56 | | 270.0 | | 287.1 | | 17.1 | | 0.54 | | 1.06 | | 2.10 | | 0.01 | | HDS-377 | | 1372 | | 1397 | | 25 | | 418.2 | | 425.8 | | 7.6 | | 1.98 | | 3.83 | | 5.99 | | 0.12 | | HDS-377 | | 1896.5 | | 1927 | | 30.5 | | 578.0 | | 587.3 | | 9.3 | | 3.15 | | 7.18 | | 14.84 | | 0.19 | | Including | | 1896.5 | | 1909 | | 12.5 | | 578.0 | | 581.8 | | 3.8 | | 4.71 | | 9.52 | | 22.46 | | 0.39 | | HDS-377 | | 1962 | | 1975 | | 13 | | 598.0 | | 602.0 | | 4.0 | | 2.43 | | 7.83 | | 8.91 | | 0.16 | | HDS-377 | | 2009 | | 2046 | | 37 | | 612.3 | | 623.6 | | 11.3 | | 1.19 | | 3.91 | | 3.40 | | 0.03 | | HDS-377 | | 2510 | | 2514.5 | | 4.5 | | 765.0 | | 766.4 | | 1.4 | | 1.72 | | 4.67 | | 7.42 | | 0.08 | | HDS-377 | | 2597 | | 2634 | | 37 | | 791.5 | | 802.8 | | 11.3 | | 0.90 | | 2.69 | | 2.98 | | 0.02 | | HDS-377 | | 2762 | | 2901.5 | | 139.5 | | 841.8 | | 884.3 | | 42.5 | | 0.71 | | 2.09 | | 2.17 | | 0.01 | | Including | | 2847 | | 2876 | | 29 | | 867.7 | | 876.6 | | 8.8 | | 1.22 | | 3.73 | | 4.89 | | 0.02 | | HDS-377 | | 3000 | | 3029.5 | | 29.5 | | 914.4 | | 923.3 | | 9.0 | | 0.68 | | 2.01 | | 0.55 | | 0.00 | | HDS-377 | | 3191.5 | | 3196 | | 4.5 | | 972.7 | | 974.1 | | 1.4 | | 17.53 | | 3.22 | | 3.87 | | 0.78 | | HDS-377 | | 3289 | | 3315 | | 26 | | 1002.4 | | 1010.4 | | 7.9 | | 19.16 | | 13.77 | | 14.15 | | 0.59 | | HDS-377 | | 3372 | | 3381.5 | | 9.5 | | 1027.7 | | 1030.6 | | 2.9 | | 1.63 | | 6.16 | | 4.97 | | 0.11 | | (Drill intersections with a combined zinc and lead grade of greater than 9% are bolded. Drill intervals are down the hole drill width but are considered to be within 5% of true width). | | |
Qualified Person
The results of the Arizona Mining Inc. drilling results have been reviewed, verified and compiled by Donald R. Taylor, MSc., PG, Chief Operating Officer for Arizona Mining Inc., a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a Registered Professional Geologist through the SME (registered member #4029597).
Assays and Quality Assurance/Quality Control
To ensure reliable sample results, the Company has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards at statistically derived intervals within each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes.
Sample preparation (crushing and pulverizing) has been performed at ALS Minerals Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona. ALS Minerals Laboratories prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C. Canada for analysis. ALS analyzes the pulp sample by ICP following a 4-acid digestion (ME-ICP61 for 33 elements) including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are rerun using four acid digestion with an ICP - AES finish (Cu-OG62;Pb-OG62; and Zn-OG62) with the elements reported in percentage (%). Silver values are determined by ICP (ME-ICP61) with all samples with silver values greater than 100 ppm repeated using four acid digestion with an ICP-AES finish (Ag-OG62) calibrated for higher levels of silver contained. Any values over 1,500 ppm Ag trigger a fire assay with gravimetric finish analysis. Gold values are determined by a 30 gm fire assay with an ICP-AES finish (Au-ICP21).
About Arizona Mining
Arizona Mining Inc. is a Canadian mineral exploration and development company focused on the exploration and development of its 100% owned Hermosa Project located in Santa Cruz County, Arizona. The Taylor Deposit, a lead-zinc-silver carbonate replacement deposit, has a resource of 39.4 million tonnes in the Inferred Mineral Resource category grading 11% zinc equivalent ("ZnEq") utilizing a 6% ZnEq cutoff grade calculated in accordance with CIM definitions for mineral resources. The Taylor Deposit remains open to the north, west and south over land controlled by the Company and will be aggressively drilled to test the limits of the resource. The Company recently completed metallurgical test work on drill core from the Taylor Deposit that projects overall recoveries of 92.9% Pb; 85.5% Zn and 91% Ag using industry standard froth flotation processing technology. The Company's other project on the Hermosa property is the Central Deposit, a silver-manganese manto oxide development project that has a prefeasibility study which was released in December 2013.
For additional information please contact:
Susan Muir
Vice-President
Investor Relations & Corporate Communications
Telephone: 416-505-7606
Email: smuir@arizonamining.com
Donald Taylor
Chief Operating Officer
Telephone: 520-485-1300
Email: info@arizonamining.com |
