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Arizona Mining Inc.
Summary
| Project: | Hermosa | |
|---|---|---|
| Deposit: | Taylor | |
| Location: | United States | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 5/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-5-2017: Arizona Mining Inc. announces an Exploration/Drilling Update report for its Taylor deposit at the Hermosa project. Drilling results incl. 37.2m @ 333.74g/t Ag, 6.47% Pb, 6.4% Zn, 0.6% Cu from 925m. Vancouver, B.C., May 18, 2017 – Arizona Mining | |
| 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., May 18, 2017 – Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) announces the results of five exploration holes from the current drill program targeting the expansion of the Taylor Deeps Zone and definition of the Trench Vein System located on its 100%-owned Hermosa Project in Santa Cruz County, Arizona. Three of the five holes were step out exploration holes targeting expansion of the Taylor Deeps zinclead-silver sulfide zone. The fifth drill hole (HDS-438) was an angle drill hole targeting the Trench Vein System, a series of steeply dipping veins which extend across the property in a northeast/southwest direction. This latest set of drill results continues to expand the Taylor Deeps Zone and also highlights the robust nature of the Trench Vein System. In addition to excellent zinc and lead grades, assay results show increased silver and copper values in these two zones compared to the Taylor Sulfide Zone. Based on the results to date, the Company believes there is significant potential to increase the size of the overall resource, positively impact the mine plan in the early years, and further improve the project’s economics from the numbers included in the recently released preliminary economic assessment, which estimate a US$1.26 billion after-tax net present value, 42% after-tax internal rate of return and 1.7-year payback | |
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