VANCOUVER, BCâ(Marketwired â October 24, 2016) â Arizona Mining Inc. (TSX:AZ) (âArizona Miningâ or the âCompanyâ) is pleased to announce the results of three (3) exploration drill holes from its current program on the Taylor Zn-Pb-Ag 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 program to thirty-four (34).
HDS-377 is a steep angle (-87 degrees) core hole drilled to infill and deepen prior mineralization intersected in HDS-102 which stopped short of the favored Epitaph host. The drill hole intersected twelve (12) mineralized zones with a cumulative thickness of 412 feet (all intervals are interpreted to be within 5% of true width). The results from this hole, drilled to a depth of about 3,400 feet, indicate the mineralization continues below the levels tested by HDS-102, HDS-145 and HDS-129. Several well mineralized zones were intersected in the drill hole, including a 30.5 foot thick zone high in the carbonate sequence which assayed 14.8% zinc, 7.2% lead and 3.2 ounces per ton (âoptâ) silver. Deeper down the hole, the drilling intersected a 26 foot thick zone which assayed 14.2% zinc, 13.8% lead and 19.2 opt silver.
HDS-376 is a significant step out angle drill hole (-82.5 degrees) drilled northwest of the boundary of the previously reported resource area. The drill hole results indicate that good continuity exists between the original resource area and step out drill holes located further north and northwest. HDS-376 intersected four (4) distinct mineralized horizons with a total cumulative mineralized thickness of 109 feet. Several well mineralized zones were intersected in the drill hole including a 14 foot thick interval assaying 7.9% zinc, 11.5% lead and 4.1 opt silver within a broader 46.5 foot thick zone of mineralization.HDS-375 is an important angled (-82.5 degrees) step out hole drilled to test an area northeast of the previously reported resource area. The drill hole results have extended the mineralization to the northeast from the original resource area. HDS-375 intersected six (6) distinct mineralized horizons with a total cumulative mineralized thickness of 237.5 feet. Several well mineralized zones were intersected in the drill hole including a 14.5 foot thick interval assaying 18.6% zinc, 12.5% lead and 4.1 opt silver. A second interval of note in HDS-375 is a 45 foot thick zone which assayed 5.3% zinc, 7.7% lead and 3.1 opt silver.
Arizona Mining CEO Jim Gowans commented, âWith the continued success of our expanded drill program, we are moving forward our timelines and will now endeavour to deliver an updated resource for the Taylor deposit within the week versus our original timeframe of Q1 2017. As a consequence, and also in view of the progress to date with technical and engineering work on the Taylor Project, we will review and update the expected timeline for completion of a preliminary economic assessment.â
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