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Arizona Mining Inc.
Summary
| Project: | Hermosa | |
|---|---|---|
| Deposit: | Taylor | |
| Location: | United States | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 10/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2017: Arizona Mining Inc. announces an Exploration/Drilling Update report for its Taylor deposit at the Hermosa project. Drilling results incl. 6.1m @ 15.93oz/t Ag, 11.31% Pb, 15.59% Zn, 0.58% Cu from 632.4m. Vancouver, B.C., October 11, 2017 – Ariz | |
| Resources: | (Resource): 8.6Mt @ 9.7% ZnEq. (Meas.), 63.8Mt @ 10.6% ZnEq. (Ind.) at Taylor | |
| CP/QP: | [Overall Report]: Donald R. Taylor (Internal) | |
| ABSTRACT: | Vancouver, B.C., October 11, 2017 – Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) announces the results of five exploration holes from the current drill program focused on expansion of the Taylor Sulfide Zone (“TS”) and Taylor Deeps Zone (“TDS”) located on its 100%-owned Hermosa Project in Santa Cruz County, Arizona. The drill holes highlighted in this release are successful step out exploration and infill drill holes highlighting the continued potential for resource growth and increased grades separate from the Preliminary Economic Assessment (“PEA”) (see Press Release dated April 3, 2017). In addition to its expanded exploration program with 15 rigs targeting 328,000 feet (100,000 metres) of drilling in 2017 – compared to 6 rigs targeting 184,000 feet (56,000 metres) of drilling earlier this year – the Company has been focused in the past several months on various activities associated with its ongoing Feasibility Study. This work includes hydrology drilling that has demonstrated ample water availability, condemnation drilling in the proposed tailings storage facility on its private land, and additional drilling for metallurgical test work. “The drill results continue to significantly expand and infill both the Taylor Sulfide and Taylor Deeps Zones and indicate overall higher zinc, lead and silver grades than the average grade of the PEA,” said Chief Operating Officer Don Taylor. “It is clear that our expanded drill program continues to not only add size to the ultimate deposit, but more importantly it is delineating higher grade material that should benefit the economics of the project. We continue to focus on the southeastern extension of the Taylor Deeps Zone where the mineralization has increased zinc, lead and silver grades and is also coming closer to the surface. This area has the potential to significantly improve the early development plan for the mine.” | |
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