Arizona Mining (AZ-T) Sept 22, '16 is pleased to announce the results of a further three (3) exploration drill holes from its current program targeting the expansion of the Taylor Zn-Pb-Ag sulfide deposit located on its 100% owned Hermosa Project in Santa Cruz County, Arizona. These and the other recently completed drill holes continue to expand the maiden resource announced on February 1, 2016 of 39.4 million inferred tonnes grading 11% zinc equivalent.
HDS-363 is a step out drill hole on the northeastern edge of the previous resource (See Drill Hole Location Map, attached). The drill hole encountered 8 distinct mineralized horizons with a cumulative mineralized thickness of 421.5 feet. Most notable is a 13 foot thick horizon near the bottom of the hole that assayed 15.5% zinc, 11.8% lead, 3.3% copper and 14.3 ounces per ton (“opt”) silver. Also intersected in the drill hole was a 15.5 foot thick interval (within a broader 118.5 foot mineralized zone) that assayed 5.6% zinc, 10.7% lead, 0.07% copper and 4.0 opt silver. Also intersected in the drill hole is a 21.5 foot interval (within a broader 74 foot mineralized zone) that assayed 4.8% zinc, 8.9% lead, 0.2% copper and 2.5 opt silver.
HDS-364 is an exploration step out hole located approximately 750 feet northwest of the existing resource area. This drill hole, coupled with HDS-365 (see below), are important in extending the mineralization and infilling mineralization between recently completed and press released drill holes HDS-338, HDS-354 and HDS-344 (See Drill Hole Location Map attached). HDS-364 encountered intense alteration and recrystallization of the carbonate host and eight (8) distinct mineralized intervals including a 23 foot interval, which assayed 3.4% zinc, 10.6% lead, 0.01% copper and 2.9 opt silver within a 56 foot thick broader zone of mineralization.
HDS-365, similar to HDS-364, is an exploration step out hole located approximately 450 feet northwest of the existing resource area Both of these drill holes are important to indicate the widespread continuity of the carbonate hosted mineralization. HDS-365 encountered five (5) distinct mineralized intervals including a 34 foot mineralized zone which contained a 5 foot interval assaying 25.1% zinc, 10.8% lead, 0.04% copper and 6.6 opt silver.
Arizona Mining CEO Jim Gowans commented, “The drill program and results continue to support our belief that the Taylor Deposit will be one of the more significant base metal deposits. The drilling continues to expand the mineralization and highlights the robust zinc, lead and silver grades. As we increase the number of drill rigs to 15 we will accelerate the data collection to determine the ultimate size and tenor of the deposit.”
Table I. Assay summaries for HDS-363, HDS-364 & HDS-365
DH_ID From (feet) To (feet) Interval (in feet) From (meters) To (meters) Interval (meters) Ag opt Pb% Zn% Cu% Ore Zone | HDS-363 | | 1990 | 1998 | 8 | 606.5 | 609.0 | 2.4 | 1.51 | 1.88 | 3.93 | 0.08 | CRD | | HDS-363 | | 2129 | 2247.5 | 118.5 | 648.9 | 685.0 | 36.1 | 0.98 | 2.78 | 2.58 | 0.03 | CRD | | HDS-363 | Including | 2191.5 | 2207 | 15.5 | 667.9 | 672.7 | 4.7 | 4.03 | 10.73 | 5.66 | 0.07 | CRD | | HDS-363 | | 2387 | 2402 | 15 | 727.5 | 732.1 | 4.6 | 1.74 | 3.43 | 1.12 | 0.05 | CRD | | HDS-363 | | 2589 | 2663 | 74 | 789.1 | 811.6 | 22.6 | 1.39 | 4.49 | 3.21 | 0.08 | CRD | | HDS-363 | Including | 2629 | 2650.5 | 21.5 | 801.3 | 807.8 | 6.6 | 2.56 | 8.96 | 4.82 | 0.21 | CRD | | HDS-363 | | 3371.5 | 3407 | 35.5 | 1027.6 | 1038.4 | 10.8 | 6.96 | 21.11 | 5.84 | 0.58 | CRD | | HDS-363 | | 3434 | 3549.5 | 115.5 | 1046.6 | 1081.8 | 35.2 | 0.81 | 2.30 | 1.84 | 0.07 | CRD | | HDS-363 | Including | 3456 | 3470 | 14 | 1053.3 | 1057.6 | 4.3 | 2.37 | 7.35 | 5.12 | 0.37 | CRD | | HDS-363 | | 3597 | 3639 | 42 | 1096.3 | 1109.1 | 12.8 | 0.49 | 1.40 | 0.45 | 0.01 | CRD | | HDS-363 | | 3700.5 | 3713.5 | 13 | 1127.9 | 1131.8 | 4.0 | 14.38 | 11.81 | 15.58 | 3.31 | CRD | | | | | | | | | | | | | | | HDS-364 | | 932 | 936 | 4 | 284.1 | 285.3 | 1.2 | 5.86 | 0.43 | 0.11 | 0.15 | CRD | | HDS-364 | | 1814 | 1819 | 5 | 552.9 | 554.4 | 1.5 | 3.53 | 2.55 | 5.68 | 0.22 | CRD | | HDS-364 | | 1856 | 1892 | 36 | 565.7 | 576.7 | 11.0 | 1.84 | 1.44 | 0.30 | 0.07 | CRD | | HDS-364 | | 2522 | 2525 | 3 | 768.7 | 769.6 | 0.9 | 6.21 | 0.11 | 2.07 | 0.32 | CRD | | HDS-364 | | 3179 | 3191 | 12 | 968.9 | 972.6 | 3.7 | 7.42 | 14.37 | 1.84 | 0.15 | CRD | | HDS-364 | | 3349 | 3360 | 11 | 1020.7 | 1024.1 | 3.4 | 1.99 | 1.81 | 2.53 | 0.23 | CRD | | HDS-364 | | 3409 | 3465 | 56 | 1039.0 | 1056.1 | 17.1 | 2.86 | 6.10 | 1.77 | 0.07 | CRD | | HDS-364 | Including | 3442 | 3465 | 23 | 1049.1 | 1056.1 | 7.0 | 2.91 | 10.64 | 3.39 | 0.01 | CRD | | HDS-364 | | 3511 | 3515 | 4 | 1070.1 | 1071.3 | 1.2 | 1.45 | 4.17 | 8.24 | 0.03 | CRD | | | | | | | | | | | | | | | HDS-365 | | 951 | 970 | 19 | 289.9 | 295.6 | 5.8 | 4.36 | 2.00 | 2.31 | 0.24 | CRD | | HDS-365 | | 2768 | 2802 | 34 | 843.6 | 854.0 | 10.4 | 1.62 | 2.09 | 4.36 | 0.02 | CRD | | HDS-365 | Including | 2768 | 2773 | 5 | 843.6 | 845.2 | 1.5 | 6.59 | 10.85 | 25.10 | 0.04 | CRD | | HDS-365 | | 3474.5 | 3525 | 50.5 | 1059.0 | 1074.4 | 15.4 | 2.23 | 3.42 | 1.88 | 0.04 | CRD | | HDS-365 | | 3560 | 3610 | 50 | 1085.0 | 1100.3 | 15.2 | 0.40 | 1.29 | 1.31 | 0.10 | CRD | | HDS-365 | | 3686.5 | 3689 | 2.5 | 1123.6 | 1124.4 | 0.8 | 3.12 | 7.47 | 10.55 | 0.74 | CRD | (Drill intersections with combined Zinc and Lead>9% highlighted. 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 triggers 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 Operator Officer
Telephone: 520-485-1300
Email: info@arizonamining.com |
