Arizona Mining Inc. [AZ-TSX] has released the results of three new exploration drill holes targeting the expansion of the Taylor zinc-lead-silver sulphide deposit located on its 100%-owned Hermosa Project in Santa Cruz County, southeast Arizona.
All holes are significant expansions to the maiden resource announced on Feb. 1, 2016.
HDS-346 intersected several zones of mineralization, including 183 feet of 6.2% zinc, 7.6% lead, 0.05% copper and 2.29 oz/ton silver, which included an interval of 85 feet of 9.4% zinc, 12.8% lead, 0.09% copper and 3.92 oz/ton silver. This drill hole represents a 500-foot step-out from the northwestern extent of the previously reported resource area.
HDS-342 encountered 14 individual zones of mineralization, including 47.5 feet of 14.1% zinc, 10.1% lead, 0.86% copper and 3.59 oz/ton silver and another of 50.5 feet of 7.8% zinc, 5.7% lead, 0.2% copper and 2.11 oz/ton silver. This hole is an angle hole that targeted the southern limits of mineralization as it extends to the southwest from the main portion of the resource block.
HDS-340 intersected five zones of mineralization, including 30 feet of 2.9% zinc, 22.7% lead, 1.09% copper and 9.22 oz/ton silver. This drill hole represents an 800-foot step-out from the northwestern extent of the previously reported resource area.
Jim Gowans, CEO of Arizona Mining,said, “These excellent drill results continue to support our view that the Taylor deposit is going to grow in size and grade and will rank with some of the world’s largest base metal deposits. We continue to aggressively pursue drilling this project and have increased the number of drill rigs from five to eight to complete the current 125,000-foot program. The deposit remains open in all directions, and, to date, we have drilled no blank or even weakly mineralized holes.”
For a full listing of the drill results for HDS-340, HDS-342 and HDS-346, see the table on company website.
The Taylor deposit, a lead-zinc-silver carbonate replacement deposit, has a NI 43-101 compliant inferred resource of 39.4 million tonnes grading 11% zinc equivalent utilizing a 6% ZnEq cutoff grade.