Deepest Hole To Date Hits Copper, Silver And Zinc
Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) has obtained positive results from an additional four drill holes at the recently discovered gold-rich zone of open-ended mineralisation at the Kay Mine, in an area previously untested by historic drilling or exploration.
Branch Hole 27B intersected 97m at a grade of 1.3% Cu, 1.6 g/t Au, 3.2% Zn, and 32 g/t Ag, including higher-grade intervals of 15m grading 5.0% Cu, 0.4 g/t Au, 0.4% Zn, and 19 g/t Ag, as well as 21m grading 4.6 g/t Au, 9.0% Zn, 0.9% Cu, and 82 g/t Ag. This hole is the deepest drilled to date by Arizona Metals Corp, and extends the new gold-zinc discovery zone by 20%, to a depth of 750 metres.
Branch Hole 27A intersected 103m at a grade of 0.8% Cu, 1.1 g/t Au, 1.9% Zn, and 36 g/t Ag, including higher grade intervals of 21m grading 3.2% Cu, 1.4 g/t Au, 1.3% Zn, and 19 g/t Ag, as well as 18m grading 0.7% Cu, 2.7 g/t Au, 4.7% Zn, and 92 g/t Ag.
Hole 28, which was drilled to test for vertical continuity of high-grade zones between holes 25 and 24, intersected 54m at a grade of 1.9% Cu, 2.9 g/t Au, 5.0% Zn, and 29 g/t Ag, from a vertical depth of 585m below surface. Hole 28 includes three separate higher-grade intervals of 11.4 m grading 4.3 g/t Au, 9.3% Zn, 0.5% Cu and 32 g/t Ag, as well as 7.9m grading 4.4% Cu, 9.5 g/t Au, 10.3% Zn, and 93 g/t Ag, and also 2.2 m grading 16.1% Cu, 0.8 g/t Au, and 56 g/t Ag.
Hole 27 was drilled as a trunk hole at the northern edge of the new discovery zone, and intersected 31.4m grading 1.6% Cu, 0.2 g/t Au, 0.7% Zn and 9.0 g/t Ag, and 26 m further downhole, intersected 13 m grading 2.9% Cu, 0.5 g/t Au, 0.2% Zn, and 8.4 g/t Ag.
CEO, Marc Pais, said these newly defined, wide, high-grade intervals demonstrate the potential to add a significant tonnage of gold-zinc mineralisation outside of the historic resource.
“The four drill holes released today validate and extend the new gold-rich zinc zone discovery, with broad intervals of mineralisation in the discovery zone ranging from 54m to 103 m, and true widths estimated at an average of 80%,” Mr Pais said.
“Hole 27 demonstrates that mineralisation extends at least 100m deeper than reported by previous operators. Holes 27A and 27B have encountered excellent grades and thicknesses, as good or better than those reported in the discovery holes, while also demonstrating the potential for the discovery zone to both extend at depth and increase on strike as it deepens. The first few holes drilled in the discovery zone were on a large step-out spacing of 100m to 150m.
“Subsequent branch holes to infill between these holes are demonstrating excellent vertical continuity, as well as lateral extension of mineralisation on strike to both the north and south. Of particular note is hole 28 (located at the vertical mid-point of holes 24 and 25), which intersected 54m of mineralisation, including significant intervals of higher grade within.
“This hole is the widest zone of high-grade drilled at the project to date and demonstrates excellent continuity of both grade and thickness with the holes above and below.
“Today’s results have increased the vertical extent of the discovery zone (now defined from hole 21A to 27) to approximately 400m. Drill holes are currently underway to test for further extensions by testing 200m above hole 21A and also 200 m below hole 27. With the recently completed financing of $21 million, the Company is fully-funded to complete the 75,000m Phase 2 expansion programme.”
For further information please visit: https://www.arizonametalscorp.com/