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Arizona Mining Inc.
Summary
| Project: | Hermosa | |
|---|---|---|
| Deposit: | Taylor | |
| Location: | United States | |
| Commodities: | Silver-Lead-Zinc-Copper | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2017: Arizona Mining Inc. announces an Exploration/Drilling Update report for its Taylor deposit at the Hermosa project. Drilling results incl. 67.6m @ 42.6g/t Ag, 5.88% Zn, 4.86% Pb, 0.04% Cu from 762m. Arizona Mining Inc. (TSX: AZ) (“Arizona Mining | |
| Resources: | (Resource): 31.14Mt @ 10.9% ZnEq (Ind.) and 82.75Mt @ 11.1% ZnEq (Inf.) at Taylor | |
| CP/QP: | [Overall Report]: Donald Taylor (Internal) | |
| ABSTRACT: | Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) announces the results of seven (7) exploration drill holes from its current program on the Taylor zinc-lead-silver sulfide deposit located on its 100%-owned Hermosa Project in Santa Cruz County, Arizona. This brings the total number of drill holes reported in the 2016-2017 program to fifty-three (53). HDS-397 is a near vertical hole (-88 degrees) drilled to infill an area in the northwest of the previously reported resource area. HDS-397 intersected two (2) mineralized veins in the volcanics and eight (8) distinct mineralized CRD horizons with a total cumulative mineralized thickness of 453.5 feet. CEO Jim Gowans commented: “The latest drill results indicate good continuity with respect to thickness and grade within the resource area and exploration drilling continues to provide good potential for expansion of the resource.” Also, Arizona Mining would like to clarify certain statements made in its January 12, 2017 news release regarding the potential sale of concentrates from the Taylor Deposit, specifically comments made by Orion Mining Finance and Ocean Partners, USA Inc. The Company would like to remind the reader that the Company has not yet completed a preliminary economic assessment ("PEA"), or a mining study such as a preliminary feasibility study or feasibility study that supports the technical feasibility or economic viability of the Taylor Deposit including the marketability of the concentrate from the Taylor Deposit. | |
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