Arizona Mining Drills 21.5 ft of 17.1% Zinc at Hermosa

- March 16th, 2017

Arizona Mining (TSX:AZ) has released the results of three exploration drill holes from its current program on the Taylor zinc-lead-silver sulphide deposit located on its 100-per-cent-owned Hermosa project in Santa Cruz county, Arizona. This brings the total number of drill holes reported in the 2016-2017 program to seventy (70). The holes contained in this press release will not be included in the preliminary economic assessment (“PEA”) planned for release by the end of this quarter.

Arizona Mining (TSX:AZ) has released the results of three exploration drill holes from its current program on the Taylor zinc-lead-silver sulphide deposit located on its 100-per-cent-owned Hermosa project in Santa Cruz county, Arizona. This brings the total number of drill holes reported in the 2016-2017 program to seventy (70). The holes contained in this press release will not be included in the preliminary economic assessment (“PEA”) planned for release by the end of this quarter.
HDS-422B is a near vertical hole (-87 degrees) drilled within the southeastern portion of the previously reported mineral resource. The drill hole encountered three (3) mineralized veins; two (2) hosted in the carbonates and one (1) hosted in the volcanics. The drill hole also intersected six (6) mineralized horizons within the Taylor Sulfide zone and a very substantial mineralized interval in the Taylor Deeps Sulfide zone. When added together, the Taylor Sulfide zone intervals have a cumulative thickness of 288 feet (refer to Table I). Most notable among the mineralized horizons are:
24.5 feet assaying 4.9% zinc, 7.5% lead and 2.3 ounces per ton (“opt”) silver (TS)
81 feet assaying 7.0% zinc, 10.2% lead and 4.3 opt silver (TDS)
– Including a 21.5 foot zone which assayed 17.1% zinc, 22.4% lead and 9.2 opt silver
HDS-416 is a near vertical hole (-87 degrees) drilled to infill an area in the southeastern portion of the previously reported resource area. The hole intersected one (1) mineralized vein hosted in the upper volcanics and five (5) distinct mineralized horizons in the Taylor Sulfide zone (“TS”). The Taylor Sulfide intervals have a total cumulative mineralized thickness of 166 feet (refer to Table I). In addition, a 120 foot thick mineralized interval was intersected in the Taylor Deeps Sulfide (“TDS”) zone. Some of the notable results in the hole included:
16 feet assaying 3.7% zinc, 7.2% lead and 2.6 opt silver (TS)
36 feet assaying 6.4% zinc, 8.2% lead and 3.1 opt silver (TS)
– Including a 13 foot zone which assayed 8.9% zinc, 11.8% lead and 5.2 opt silver
120 feet assaying 3.4% zinc, 3.3% lead and 3.0 opt silver (TDS)
– Including a 28 foot zone which assayed 10.3% zinc, 11.2% lead and 6.4 opt silver
HDS-419 is a near vertical hole (-87 degrees) drilled to infill an area in the northwest portion of the previously reported resource area. The hole intersected two (2) mineralized veins; one hosted in the volcanics and one hosted in the carbonates. The drill hole also intersected eight (8) distinct mineralized horizons in the Taylor Sulfide zone, which have a total cumulative mineralized thickness of 350 feet (refer to Table I). In addition, the drill hole intersected two (2) significant mineralized intervals in the Taylor Deeps Sulfide zone. Some of the notable results in the hole included:
22 feet assaying 10.9% zinc, 11.3% lead and 5.7 opt silver (TS)
40 feet assaying 6.0% zinc, 5.0% lead and 1.5 opt silver (TS)
50.5 feet assaying 1.5% zinc, 4.5% lead and 1.6 opt silver (TDS)
For a full list of the vein, Taylor Sulfide and Taylor Deeps Sulfide mineralized intervals from these drill holes please refer to Table I.
CEO Jim Gowans commented: “Our drilling continues to expand and add continuity to the Taylor Deeps Sulfide zone, where we are seeing higher silver grades relative to the Taylor Sulfide Zone. While assays for these drill holes were not received in time to be included in the PEA, expected by the end of this quarter, they highlight the considerable resource expansion potential of the project which we will continue to test with step-out drilling this year.”

  ASSAY SUMMARIES FOR HDS-416, HDS-419 & HDS-422B
                 From        To    Interval       From         To   Interval     Ag     Pb     Zn    Cu
DH ID         (feet)    (feet)   (in feet)   (metres)   (meters)   (meters)    opt      %      %     %
HDS-416          406       412           6      123.7      125.6        1.8   5.28   6.25   1.69  0.06
HDS-416         2439      2485          46      743.4      757.4       14.0   0.93   2.41   3.00  0.04
HDS-416         2595      2658          63      790.9      810.1       19.2   0.82   2.10   2.05  0.06
HDS-416         2723      2728           5      829.9      831.5        1.5   1.65   3.92   5.14  0.11
HDS-416         2751      2767          16      838.5      843.3        4.9   2.55   7.18   3.72  0.06
HDS-416         2826      2862          36      861.3      872.3       11.0   3.14   8.22   6.44  0.15
Including       2849      2862          13      868.3      872.3        4.0   5.21  11.84   8.89  0.28
HDS-416         2882      3002         120      878.4      915.0       36.6   2.97   3.29   3.35  0.10
Including       2913      2941          28      887.8      896.4        8.5   6.39  11.20  10.33  0.27
HDS-419         1697      1707          10      517.2      520.3        3.0   5.69   5.83   1.64  0.19
HDS-419         2192      2214          22      668.1      674.8        6.7   5.69  11.32  10.94  0.24
HDS-419         2254      2278          24      687.0      694.3        7.3   0.53   1.53   1.23  0.02
HDS-419         2387      2399          12      727.5      731.2        3.7   0.51   1.64   2.23  0.02
HDS-419       2558.5      2672       113.5      779.8      814.4       34.6   0.93   3.20   3.24  0.02
HDS-419         2697      2737          40      822.0      834.2       12.2   1.46   5.02   5.96  0.04
Including       2697      2707          10      822.0      825.1        3.0   2.34   8.04  10.03  0.12
HDS-419         2762      2858          96      841.8      871.1       29.3   0.34   1.13   1.22  0.01
HDS-419         2967      3007          40      904.3      916.5       12.2   4.22   3.88   2.15  0.15
HDS-419         3034    3036.5         2.5      924.7      925.5        0.8  38.21  13.80  19.65  2.01
HDS-419       3252.5    3255.5           3      991.3      992.2        0.9   4.11  10.90   0.09  0.27
HDS-419       3333.5      3384        50.5     1016.0     1031.4       15.4   1.59   4.54   1.49  0.12
HDS-419         3411      3424          13     1039.6     1043.6        4.0   0.87   2.28   3.63  0.18
HDS-422B        1062      1067           5      323.7      325.2        1.5   2.65   3.64   7.63  0.06
HDS-422B        1785      1841          56      544.0      561.1       17.1   1.41   4.04   4.41  0.06
HDS-422B        2592      2622          30      790.0      799.1        9.1   0.92   3.20   3.81  0.09
HDS-422B        2766      2773           7      843.0      845.2        2.1   4.43  11.80  14.90  0.07
HDS-422B        2842      2927          85      866.2      892.1       25.9   1.02   3.33   2.38  0.01
Including     2857.5      2882        24.5      870.9      878.4        7.5   2.29   7.54   4.88  0.01
HDS-422B        2957      2995          38      901.2      912.8       11.6   0.49   1.48   0.47  0.00
HDS-422B        3044      3116          72      927.8      949.7       21.9   1.42   2.52   0.90  0.08
HDS-422B        3162      3165           3      963.7      964.6        0.9  10.18   1.62   2.35  0.47
HDS-422B        3212      3217           5      979.0      980.5        1.5   3.18   1.39   2.64  0.11
HDS-422B      3332.5    3413.5          81     1015.7     1040.4       24.7   4.26  10.22   7.01  0.39
Including     3332.5      3354        21.5     1015.7     1022.2        6.6   9.17  22.44  17.12  0.76
  * TS (Taylor Sulfide)
*TDS (Taylor Deeps Sulfide)

Drill intersections with a combined zinc and lead grade of greater than 9% are bolded. Sulfide drill intervals are down-the-hole drill widths but are considered to be within +/- 5% of true width based on the dip of the mineralized stratigraphy at 22 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.
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 (NI 43-101). Mr. Taylor has more than 25 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 rerun 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 Canadian 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 31.1 million tons in the Indicated Mineral Resource category grading 10.9% zinc equivalent (“ZnEq”) and 82.7 million tons in the Inferred Mineral Resource category grading 11.1% ZnEq both utilizing a 4% ZnEq cutoff grade calculated in accordance with NI 43-101 guidelines (refer to the Company’s news release dated October 31, 2016). 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.
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