Arizona Metals Corp. (TSXV:AMC) (OTCQX:AZMCF) has obtained strong results from two recently completed drill holes at its Kay Mine project in Yavapai, County Arizona. An additional 20 holes are pending, with three drill rigs turning 24 hours per day.
Drilling Highlights
- Hole KM-21-60 intersected 93.3 m at a grade of 8.3 g/t AuEq, including a higher-grade interval of 17.5 m grading 29.6 g/t AuEq, from a depth of 557 m. This hole is in the central portion of the deposit, and demonstrates excellent continuity of mineralisation between holes 26, 28, 25A, 57A and 40. This hole returned the project’s highest single gold assay, a value of 273 g/t Au (over 1.2 meters from 634.3 m downhole).
- Hole KM-21-57B intersected 125.3 m at a grade of 3.2% CuEq, including higher grade intervals of 1.8 m grading 9.9% CuEq and 7.3 m grading 7.7% CuEq, from a depth of 728 m. This hole demonstrates continuity and extension of mineralisation between holes 26, 28, 25A, and 40, and 58B. Hole 57B contains the project’s highest copper analysis to date, grading 20.7% Cu (over 1.5 m from 802.2 m downhole).
Hole 60 has extended the thickness of the mineralised zone encountered in hole 58B (located 23 metres up-plunge) by approximately 5.0 m into the hanging-wall and 10 m in the footwall. Hole 57B has extended the mineralised zone encountered in hole 57A (located 33 m up-plunge) by approximately 10 m into the hanging-wall and 22 metres into the footwall. Assays received to date have intersected mineralisation over a down-plunge extent of 760 m (880 m below surface). Holes 57B and 60, spaced 310 m apart down-plunge from the top of mineralization in 60 to the bottom of mineralisation in 57B, continue to demonstrate the excellent vertical continuity of very thick zones of mineralisation.
“Drilling at the Kay Mine Project continues to intersect very large widths and high grades of massive sulphide mineralisation. The holes released today demonstrate excellent continuity of mineralisation in all directions, while also showing that mineralisation is substantially thicker than suggested by our original modelling. Drilling has extended mineralisation well into both the hanging-wall and foot-wall envelopes, which gives the potential to define a significant tonnage of mineralisation,” CEO, Marc Pais, CEO, said.
“Hole 60 encountered the highest grade of gold mineralisation at Kay assayed to date, with visible gold in the core while hole 57B encountered the longest interval of copper-dominant mineralisation assayed to date. Drilling is currently underway to test for depth extensions to at least 1,200 m, while also testing for lateral extensions of the thick hinge zone. The 20 holes pending all encountered semi-massive or massive sulphide mineralisation, and those intersections are guiding the drilling currently underway.
“Holes 57B and 60, spaced 310 m apart down-plunge from the top of 60 to the bottom of 57B, continue to demonstrate the excellent vertical continuity of very thick zones of mineralization. The large widths and high grades being encountered at Kay are extremely rare in the context of VMS deposits either in production or being explored globally.
“We have drilled approximately 52,000 m at Kay to date, with each hole solidifying our opinion that this is one of the very few large precious-metals rich VMS deposits not yet mined, and more importantly, is potentially part of a much larger mineralised system that has yet to be explored.
“To that end, we recently completed a property-wide ground-loop electromagnetic survey, which will serve to refine and improve the resolution of the Central and Western targets, located approximately 300 m and 1,000 m west of Kay, respectively. Drill pad and road permitting is currently underway for these targets, with a detailed update expected in the next few weeks.”
For further information please visit: https://www.arizonametalscorp.com/
