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Arizona Mining Reports Significant High-Grade Trench Vein Assays and Further Step-Out and Infill Drill Results From the Taylor Project

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Arizona Mining Reports Significant High-Grade Trench Vein Assays and Further Step-Out and Infill Drill Results From the Taylor Project

 

 

 

 

 

Arizona Mining Inc. (TSX:AZ) announces strong results for five drill holes from the current program focused on expansion of the Trench Vein System, Taylor Sulfide Zone and Taylor Deeps Zone located on its 100%-owned Hermosa-Taylor Project in Santa Cruz County, Arizona. The drill holes highlighted in this release are successful step-out exploration and infill drill holes highlighting the continued potential for resource growth and increased grades, as distinct from the Updated Preliminary Economic Assessment (see Press Release dated January 16, 2018).

 

 

“Our exploration drilling continues to find additional high-grade areas well outside of the PEA resource boundary, such as that highlighted in HDS-501 in our last press release, and step-out hole HDS-491 on the northern arm of the Trench block in today’s results. These holes are in close proximity to planned mine infrastructure and have the potential to both significantly add to our already world-class resource for the feasibility study and add more high-grade material into the early part of the mine plan,” said Chief Operating Officer Don Taylor.  “In addition, our infill drilling is demonstrating excellent continuity between areas, which will further support our planned low-cost mining methods.”

 

 

HDS-491 is a vertical step-out hole targeting shallow Trench Vein System mineralization on the northern arm of the Trench claim. The drill hole intercepted two veins, one of which was very significant. The Trench Vein intercept demonstrates 1,700 feet of continuity along strike between previously reported HDS-395 (see Press Release dated April 20th, 2017) and HDS-492. Significant mineralization in the intercepted Trench Vein includes:

 

  • 62 feet assaying 21.4% combined zinc-lead; and 4.0 ounces per ton (“opt”) silver (TVS)

 

 

HDS-492 is a vertical step-out hole also targeting Trench Vein mineralization. The drill hole intercepted one mineralized horizon linking HDS-395 and HDS-491 from northwest to southeast, respectively, confirming the continuity and robust mineralization. The noteworthy mineralized interval was:

 

  •  34.5 feet assaying 15.6% combined zinc-lead; and 2.3 opt silver (TVS)

 

 

HDS-496 is a vertical step-out drill hole targeting Taylor Deeps mineralization. The drill hole intercepted one vein and one substantial mineralized interval in the Taylor Deeps Zone. The Taylor Deeps intercept extends the mineralization 1,000 feet northwest of the 2018 updated PEA Taylor Deeps Resource Outline (see Press Release dated January 16, 2018). Significant mineralization in the Taylor Deeps includes:

 

  • 91 feet assaying 4.8% combined zinc-lead; and 2.8 opt silver (TDS)

 

 

HDS-507 is an angled step-out hole targeting Taylor Deeps mineralization. The drill hole intercepted a mineralized horizon within the Taylor Sulfide Zone (in the Epitaph domain) and a considerably well mineralized Taylor Deeps Zone. The Taylor Deeps intercept extends the mineralization 300 feet west of HDS-497 (reported January 24, 2018). Significant mineralized intervals in the Taylor Deeps include:

 

  • 223 feet assaying 20.3% combined zinc-lead, and 8.4 opt silver (TDS)
    • including 40 feet assaying 30.3% combined zinc-lead; and 13.5 opt silver (TDS)
    • including 23 feet assaying 30.5% combined zinc-lead; and 12.5 opt silver (TDS)

 

 

HDS-508 is an angled infill hole targeting Taylor Sulfide (TS) mineralization. The drill hole intercepted one very robust zone of mineralization in the Taylor Sulfide (in the Concha domain). Significant mineralization includes:

 

  • 433.5 feet assaying 15.1% combined zinc-lead; and 7.3 opt silver (TS)
    • including: 90 feet assaying 27.3% combined zinc-lead; and 9.1 opt silver (TS)
    • AND 90.5 feet assaying 28.7% combined zinc-lead; and 18.0 opt silver (TS)

 

 

For a full list of the Trench Vein, Taylor Sulfide and Taylor Deeps Sulfide mineralized intervals from these holes please refer to Table I.

 

 

Table 1. Drill Hole Assay Summary

 

 

DH_ID From (feet) To (feet) Interval (in feet) From (meters) To (meters) Interval (meters) Ag opt Pb% Zn%  Cu% Zone
HDS-491 795 798.5 3.5 242.3 243.4 1.1 6.62 4.36 5.99 0.30 TVS*
HDS-491 1253 1315 62 381.9 400.8 18.9 4.01 8.29 13.14 0.39 TVS*
                       
HDS-492 1726.5 1761 34.5 526.2 536.7 10.5 2.34 5.82 9.81 0.17 TVS*
                       
HDS-496 947 957 10 288.6 291.7 3.0 2.25 4.14 1.05 0.12 TVS*
HDS-496 4502 4593 91 1372.1 1399.9 27.7 2.79 2.48 2.36 0.64 TDS
                       
HDS-507 2442 2468 26 744.3 752.2 7.9 6.46 8.61 11.86 0.68 TS
HDS-507 2894 3117 223 882.0 950.0 68.0 8.43 10.54 9.80 0.72 TDS
Including 2997 3037 40 913.4 925.6 12.2 13.48 14.95 15.39 1.22 TDS
Including 3077 3100 23 937.8 944.8 7.0 12.45 13.29 17.21 1.22 TDS
HDS-507 3227 3242.5 15.5 983.5 988.3 4.7 7.40 2.00 4.32 0.40 TDS
                       
HDS-508 2134.5 2568 433.5 650.6 782.7 132.1 7.30 12.25 2.81 0.15 TS
Including 2172 2262 90 662.0 689.4 27.4 9.11 19.69 7.65 0.48 TS
Including 2337 2427.5 90.5 712.3 739.9 27.6 17.99 28.36 0.35 0.01 TS
HDS-508 2977 2980 3 907.3 908.3 0.9 65.04 42.73 10.00 1.09 TVS*
                       

 

 

Drill intersections with a combined zinc and lead grade of greater than 9% are bolded. Sulfide drill intervals from the Taylor Sulfide Zone and Taylor Deeps Sulfide Zone are down-the-hole drill intervals.  Vertical drill holes are considered to be within +5% of true width based on the dip of the mineralized stratigraphy at 20-25 degrees. Angle drill holes are considered to be within +15% of true width based on the dip of the mineralized stratigraphy at 20-25 degrees.
*The exception to this are the intervals noted as veins.  It is not possible to determine the true width of the veins based on the drill density and no representation is made here regarding true width of the veins. Zones shown include: Taylor Sulfide Zone (TS); Taylor Deeps Sulfide Zone (TDS) and Trench Vein System.

 

Figure 1. Drill Hole Location Map is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/290f81f0-889d-4be3-a69b-60e2a2793de9

 

Figure 2. Plan View of Taylor Deeps with ZnEq Grade Contour is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2fb23c86-042f-44d0-a120-6831d44381e9 

 

Figure 3. Long Section of Hermosa Geology and Ore Deposits is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a532bca0-576c-484b-8ef5-2d22481fc595 

 

Figure 4. Plan View of Trench Vein System is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b5547ee4-e2be-4687-bc31-26ad5668ef1d 

 

Figure 5. Land Status Map is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e6185720-2d96-4ff2-a2d9-41afbea1e160

 

 

Qualified Person

 

 

The results of the Arizona Mining Inc. drilling have been reviewed, verified and compiled by Donald R. Taylor, MSc., PG, Chief Operating Officer for Arizona Mining Inc., a qualified person as defined by National Instrument 43-101. Mr. Taylor has 30 years of mineral exploration and mining experience, and is a Registered Professional Geologist through the SME (registered member #4029597).

 

 

Assays and Quality Assurance/Quality Control

 

 

To ensure reliable sample results, the Company has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards at statistically derived intervals within each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes.

 

 

Sample preparation (crushing and pulverizing) has been performed at ALS Minerals Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona. ALS Minerals Laboratories prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C. Canada for analysis. ALS analyzes the pulp sample by ICP following a 4-acid digestion (ME-ICP61 for 33 elements) including Cu (copper), Pb (lead), and Zn (zinc). All samples in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using four acid digestion with an ICP – AES finish (Cu-OG62; Pb-OG62; and Zn-OG62) with the elements reported in percentage (%). Silver values are determined by ICP (ME-ICP61) with all samples with silver values greater than 100 ppm repeated using four acid digestion with an ICP-AES finish (Ag-OG62) calibrated for higher levels of silver contained.  Any values over 1,500 ppm Ag trigger a fire assay with gravimetric finish analysis.   Gold values are determined by a 30 gm fire assay with an ICP-AES finish (Au-ICP21).

 

 

About Arizona Mining

 

 

Arizona Mining Inc. (an augustagroup company) is a mineral exploration and development company focused on the exploration and development of its 100%-owned Hermosa Project located in Santa Cruz County, Arizona. The Taylor Deposit, a zinc-lead-silver carbonate replacement deposit, has a resource of 15.2 million tons in the Measured Mineral Resource category grading 4.0% zinc, 4.0% lead and 1.6 opt silver, or 9.6% ZnEq, plus 85.8 million tons in the Indicated Mineral Resource category grading 4.2% zinc, 4.3% lead and 2.2 opt silver, or 10.5% ZnEq, and 43.6 million tons of Inferred Mineral Resources grading 3.9% zinc, 4.8% lead and 3.4 opt silver or 11.9% ZnEq, all reported in accordance with NI 43-101 guidelines utilizing a 4% ZnEq cutoff grade.  The Taylor Deposit remains open to the north, west and south over land controlled by the Company and will be aggressively drilled to test the limits of the resource. The Company’s other project on the Hermosa property is the Central Deposit, a silver-manganese manto oxide project.

 

Posted March 15, 2018

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