VANCOUVER (miningweekly.com) – TSX-listed Arizona Mining on Sunday announced a new mineral resource for the Taylor zinc/lead/silver sulphide deposit, located on its 100%-owned Hermosa project, in Arizona, in the US.
The deposit now comprises 31.1-million tons in the indicated resource category grading 10.9% zinc equivalent (ZnEq), plus 82.7-million tons of inferred resources grading 11.1% ZnEq, when applying a 4% ZnEq cutoff grade.
“Based 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,” commented CEO Jim Gowans.
Arizona Mining advised that infill drilling had highlighted high-grade zones within the resource, which is also showing excellent continuity that should enable bulk mining methods. The resource remains open for expansion to the north, west and south over mineral rights controlled by the company.
The company added that other target types of mineralisation had also been identified on its mineral holdings and would be drill tested in the coming months.