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Arizona Mining Inc.
Summary
| Project: | Hermosa | |
|---|---|---|
| Deposit: | Taylor | |
| Location: | United States | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2018: Arizona Mining Inc. announces a PEA report for its Taylor deposit at the Hermosa project. PEA results incl. pre-tax IRR 54%, NPV (7%) $2.4B. AMC Mining Consultants (Canada) Ltd. (AMC) was commissioned by Arizona Mining Inc. (AZ) to prepare a | |
| Resources: | (Resource): 15.2Mt @ 9.6% ZnEq. (Meas.), 85.8Mt @ 10.5% ZnEq. (Ind.) at Taylor | |
| CP/QP: | [Resources]: Dinara Nussipakynova (AMC Mining Consultants (Canada) Ltd.) | |
| ABSTRACT: | AMC Mining Consultants (Canada) Ltd. (AMC) was commissioned by Arizona Mining Inc. (AZ) to prepare an updated Mineral Resource estimate and updated Preliminary Economic Assessment (PEA) and report according to National Instrument 43-101 Technical Report (NI 43-101 Technical Report or Report) for the Taylor Zn-Pb-Ag deposit located on the Hermosa Property, (Property). The Property is located in Santa Cruz County near the town of Patagonia, southern Arizona, USA. The Property hosts two known mineral deposits, the Taylor Deposit and the Central Deposit. The latest Technical Report for the Property was completed by AMC, dated 11 April 2017 and titled “Hermosa Property, Taylor Zn-Pb-Ag Deposit Preliminary Economic Assessment” for Arizona Mining Inc., with an effective date of 29 March 2017, (March 2017 Technical Report). Prior to that the Taylor Deposit was also the subject of an NI 43-101 report dated 29 November 2016 and reported additional Mineral Resources for the Taylor Deposit, (November 2016 Technical Report). The Property is 100% owned by Arizona Minerals Inc. (AMI) a wholly owned subsidiary of AZ. This Technical Report provides an update of the Mineral Resource estimate for both the Central and Taylor Deposits and reports the updated results of the PEA. AMC are responsible for managing and preparing the Technical Report with inputs from Ms D. Nussipakynova AMC, Mr G. Methven AMC, Mr C. Kottmeier AMC, Mr Q. Jin, SGS North America Inc., Mr R. Michael Smith, Newfields Mining Design and Technical Services, Mr E. Christenson of WestLand Resources Inc., Mr D. Bartlett of Clear Creek Associates, Ms L. Bloom, Analytical Solutions Ltd., and Mr C. | |
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