PR Newswire
VANCOUVER, Sept. 13, 2016
VANCOUVER, Sept. 13, 2016 /PRNewswire/ - Arizona Mining Inc. (TSX: AZ) ("Arizona Mining" or the "Company") is pleased to announce the results of a further two (2) exploration drill holes from its current program targeting the expansion of the Taylor Zn-Pb-Ag sulfide deposit located on its 100% owned Hermosa Project in Santa Cruz County, Arizona. These and the other recently completed drill holes continue to expand the maiden resource announced on February 1, 2016 of 39.4 million inferred tonnes grading 11% zinc equivalent.
HDS-354 is an exploration step out hole located approximately 1,300 feet northwest of the existing resource area. This drill hole is important in extending the mineralization as it matches up well with the mineralized intervals from HDS-344 (announced June 28, 2016). The drill hole encountered intense alteration and recrystallization of the carbonate host and five (5) distinct mineralized intervals including a 24.5 foot interval which assayed 23.1% zinc, 13.5% lead, 0.10% copper and 7.3 ounces per ton ("opt") silver within a 49.5 foot thick broader zone of mineralization which assayed 13.6% zinc, 8.04% lead, 0.11% copper and 4.79 opt silver.
HDS-362 is an angle hole drilled southwest from the patented claim block to extend the mineralization beyond the current resource boundary to the southwest. The drill hole encountered 11 distinct mineralized intervals including a 171 foot intercept grading 4.97% zinc, 3.61% lead, 0.04% copper and 1.12 opt silver. Included in this intersection were two significant higher grade intervals including a 24.5 foot interval which assayed 11.63% zinc, 8.04% lead, 0.07% copper and 2.37 opt silver, and a 9.5 foot interval assaying 11.59% zinc, 9.28% lead, 0.07% copper and 2.88 opt silver.
Arizona Mining CEO Jim Gowans commented, "We continue to be excited about the expansion potential highlighted both to the northwest and southwest as confirmed by HDS-354 and HDS-362. We continue our drilling program to test the limits of the mineralization and based on our success to date, we are in the process of increasing the number of drill rigs on the property from the current 10 core rigs to 15."
Table I. Assay summaries for HDS-354 & HDS-362 | ||||||||||||
| | | | | | | | | | | | |
DH_ID | | From | To | Interval | From | To | Interval | Ag opt | Pb% | Zn% | Cu% | Ore Zone |
HDS-354 | | 985 | 1030 | 45 | 300.2 | 313.9 | 13.7 | 5.19 | 2.34 | 3.76 | 0.23 | CRD |
HDS-354 | Including | 990 | 1004 | 14 | 301.7 | 306.0 | 4.3 | 12.51 | 5.10 | 8.26 | 0.58 | CRD |
HDS-354 | | 1310.5 | 1360 | 49.5 | 399.4 | 414.5 | 15.1 | 4.79 | 8.04 | 13.63 | 0.11 | CRD |
HDS-354 | Including | 1330 | 1354.5 | 24.5 | 405.4 | 412.8 | 7.5 | 7.32 | 13.51 | 23.13 | 0.10 | CRD |
HDS-354 | | 1491.5 | 1496 | 4.5 | 454.6 | 456.0 | 1.4 | 7.06 | 10.80 | 17.35 | 0.06 | CRD |
HDS-354 | | 3226 | 3231.5 | 5.5 | 983.2 | 984.9 | 1.7 | 18.23 | 4.78 | 3.79 | 0.36 | CRD |
HDS-354 | | 3805.5 | 3951.5 | 146 | 1159.9 | 1204.4 Werbung Mehr Nachrichten zur Sabre Gold Mines Aktie kostenlos abonnieren
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