VANCOUVER, BCâ(Marketwired â October 31, 2016) â Arizona Mining Inc. (TSX: AZ) (âArizona Miningâ or the âCompanyâ) is pleased to announce a Mineral Resource update for the Taylor Zn-Pb-Ag sulfide deposit located on its 100%-owned Hermosa Project in Arizona. The deposit now comprises 31.1 million tons in the Indicated Mineral Resource category grading 10.9% zinc equivalent (âZnEqâ) plus 82.7 million tons of Inferred Mineral Resource grading 11.1% zinc equivalent (ZnEq), both reported in accordance with NI 43-101 guidelines utilizing a 4% ZnEq cutoff grade.
CEO Jim Gowans commented, âBased on work to date, this updated Mineral Resource estimate indicates that the Taylor Deposit has expanded substantially and continues to be one of the best quality growth stories in the mining sector. In addition, should the technical feasibility and economic viability of the project be established, continued metallurgical testing indicates the deposit will produce clean, saleable concentrates with no deleterious elements.â
COO Don Taylor added: âInfill drilling has highlighted high grade zones within the resource, which is also showing excellent continuity that should enable bulk mining methods. What is not evident from the results is that the resource remains open for expansion to the north, west and south over mineral rights controlled by the Company. In addition to the zinc-lead-silver mineralization other target types have been identified on the mineral holdings and will be drill tested in the coming months.â
The resource is based on assay results from 59 surface diamond drill holes, totaling 206,192 feet (62,863 meters) of drilling, which have all intersected stratabound carbonate replacement sulfide mineralization within the Taylor Deposit. The updated Mineral Resource Estimate was prepared by AMC Mining Consultants (Canada) Ltd. (AMC) of Vancouver, B.C.
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