Arizona Mining (AZ-T) continues expansion of Taylor Deposit - HDS-371 intersects 13 mineralized zones with a cumulative thickness of 496 feet including a 70 foot thick interval assaying 17.5% zinc, 14.3% lead and 5.3 opt silver and a 18.5 foot interval assaying 26.5% zinc, 25.1% lead and 9.3 opt silver
Oct 5, '16 - NR
Arizona Mining 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 and infill the maiden resource announced on February 1, 2016 of 39.4 M inferred tonnes grading 11% zinc equivalent.
HDS-371 is an important vertical infill hole on the southwest boundary of the previously reported resource area. The drill hole results indicate good continuity of zinc/lead/silver grades along the preferred mineralized carbonate horizons. HDS-371 intersected thirteen (13) distinct mineralized horizons with a total cumulative mineralized thickness of 496 feet. Several high grade zones were intersected in the drill hole including an 86.5 foot thick interval assaying 4.7% zinc, 6.4% lead and 3.3 ounces per ton (“opt”) silver which included a zone of 26 feet which assayed 11.3% zinc, 17.3% lead and 8.5 opt silver. A second interval of note in HDS-371 is a 70 foot thick zone which assayed 17.5% zinc, 14.3% lead and 5.3 opt silver which included two internal zones; one of which was a 18.5 foot thick zone grading 26.5% zinc, 25.1% lead, 0.8% copper and 9.3 opt silver and the other a 20 foot thick interval grading 24.3% zinc, 18.8% lead, 1.1% copper and 7.3 opt silver. See the drill results table below for full listing of the assays results from this important drill hole.
HDS-368 is an exploration step out hole located on the northern edge of the resource block. The hole was drilled at a steep angle to extend the mineralization further to the northwest. The drill hole encountered five (5) distinct mineralized intervals including a 135 foot thick mineralized zone which contained a 25 foot interval assaying; 6.7% zinc, 8.3% lead and 2.3 opt silver. Also intersected in the drill hole was an 8 foot thick interval (within a broader 28 foot mineralized zone) that assayed 4.6% zinc, 12.6% lead, 0.8% copper and 27.5 opt silver.
HDS-366 is an infill hole drilled at an angle outside the northeastern edge of the previous resource (See Drill Hole Location Map, below). The drill hole encountered seven (7) distinct mineralized horizons with a cumulative mineralized thickness of 85 feet. Most notable is a 4 foot thick horizon near the bottom of the hole that assayed 10.5% zinc, 12.1% lead, 0.21% copper and 3.6 opt silver.
Arizona Mining CEO Jim Gowans commented, “These drill results continue to grow and add confidence to the Taylor Deposit resource. We have increased the number of core rigs on the property to 14 and hope to add a 15th as soon as the machine becomes available. The increased rate of drilling will allow us to rapidly test the remaining prospective ground owned by the Company and make all the data available for future studies.”
Table I. ASSAY SUMMARIES FOR HDS-366, HDS-368 & HDS-371
| DH_ID | From
(feet) | To
(feet) | Interval
(in feet) | From
(meters) | To
(meters) | Interval
(meters) | Ag
opt | Pb% | Zn% | Cu% | | HDS-366 | 565 | 572 | 7 | 172.2 | 174.3 | 2.1 | 5.15 | 3.54 | 4.93 | 0.05 | | HDS-366 | 619 | 648 | 29 | 188.7 | 197.5 | 8.8 | 1.08 | 0.79 | 1.09 | 0.01 | | HDS-366 | 1207 | 1217 | 10 | 367.9 | 370.9 | 3.0 | 0.98 | 1.98 | 4.06 | 0.02 | | HDS-366 | 1495 | 1510 | 15 | 455.7 | 460.2 | 4.6 | 1.55 | 1.71 | 1.71 | 0.04 | | HDS-366 | 2198 | 2213 | 15 | 669.9 | 674.5 | 4.6 | 1.08 | 3.15 | 4.85 | 0.12 | | HDS-366 | 2669 | 2673 | 4 | 813.5 | 814.7 | 1.2 | 3.68 | 12.15 | 10.50 | 0.21 | | HDS-366 | 3440 | 3445 | 5 | 1048.5 | 1050.0 | 1.5 | 4.23 | 0.43 | 0.03 | 0.05 | | | HDS-368 | 442 | 456 | 14 | 134.7 | 139.0 | 4.3 | 7.49 | 1.42 | 4.10 | 0.17 | | HDS-368 | 807 | 818 | 11 | 246.0 | 249.3 | 3.4 | 9.65 | 12.95 | 18.87 | 0.07 | | HDS-368 | 2232 | 2261 | 29 | 680.3 | 689.1 | 8.8 | 1.12 | 2.83 | 2.96 | 0.20 | | HDS-368 | 3558 | 3586 | 28 | 1084.4 | 1093.0 | 8.5 | 9.70 | 6.81 | 1.84 | 0.26 | | Including | 3565 | 3573 | 8 | 1086.6 | 1089.0 | 2.4 | 27.54 | 12.67 | 4.69 | 0.81 | | HDS-368 | 3679 | 3814 | 135 | 1121.3 | 1162.5 | 41.1 | 1.87 | 5.07 | 2.77 | 0.24 | | Including | 3720 | 3745 | 25 | 1133.8 | 1141.4 | 7.6 | 2.32 | 8.36 | 6.74 | 0.06 | | | HDS-371 | 817 | 829.5 | 12.5 | 249.0 | 252.8 | 3.8 | 1.26 | 2.15 | 2.84 | 0.02 | | HDS-371 | 1038.5 | 1125 | 86.5 | 316.5 | 342.9 | 26.4 | 3.32 | 6.42 | 4.72 | 0.06 | | Including | 1054 | 1080 | 26 | 321.2 | 329.2 | 7.9 | 8.51 | 17.31 | 11.39 | 0.09 | | HDS-371 | 1393.5 | 1398 | 4.5 | 424.7 | 426.1 | 1.4 | 4.75 | 7.40 | 11.05 | 0.44 | | HDS-371 | 1791 | 1861 | 70 | 545.9 | 567.2 | 21.3 | 5.33 | 14.30 | 17.58 | 0.58 | | Including | 1791 | 1809.5 | 18.5 | 545.9 | 551.5 | 5.6 | 9.33 | 25.12 | 26.57 | 0.79 | | Including | 1831 | 1851 | 20 | 558.1 | 564.2 | 6.1 | 7.35 | 18.83 | 24.31 | 1.09 | | HDS-371 | 1954 | 1969 | 15 | 595.6 | 600.1 | 4.6 | 1.84 | 5.73 | 8.41 | 0.06 | | HDS-371 | 2228 | 2230.5 | 2.5 | 679.1 | 679.8 | 0.8 | 42.00 | 12.95 | 2.99 | 3.01 | | HDS-371 | 2357.5 | 2390.5 | 33 | 718.5 | 728.6 | 10.1 | 0.54 | 1.47 | 2.57 | 0.04 | | HDS-371 | 2513.5 | 2612 | 98.5 | 766.1 | 796.1 | 30.0 | 0.66 | 1.94 | 1.95 | 0.02 | | HDS-371 | 2727 | 2747 | 20 | 831.1 | 837.2 | 6.1 | 0.69 | 2.04 | 2.21 | 0.01 | | HDS-371 | 3008.5 | 3016 | 7.5 | 916.9 | 919.2 | 2.3 | 0.98 | 2.89 | 2.65 | 0.04 | | HDS-371 | 3088 | 3100.5 | 12.5 | 941.2 | 945.0 | 3.8 | 11.23 | 13.96 | 20.98 | 0.18 | | HDS-371 | 3259.5 | 3351 | 91.5 | 993.4 | 1021.3 | 27.9 | 2.37 | 6.79 | 4.25 | 0.40 | | Including | 3327 | 3351 | 24 | 1014.0 | 1021.3 | 7.3 | 4.89 | 14.33 | 9.02 | 1.09 | | HDS-371 | 3382 | 3424 | 42 | 1030.8 | 1043.6 | 12.8 | 0.68 | 1.13 | 0.95 | 0.06 | (Drill intersections with a combined zinc and lead grade of greater than 9% are 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 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 Operator Officer
Telephone: 520-485-1300
Email: info@arizonamining.com |
