Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) has obtained promising results from six 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 at the Kay Mine Project continues to intersect very large widths and high grades of massive sulphide mineralisation,” CEO, Marc Pais, said
“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.
“Hole 51B showed the deepest mineralization assayed to date, at a vertical depth of 900 m. Drilling is currently underway to test for depth extensions to at least 1,100 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.
}We have drilled approximately 45,000 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.”
Drilling Highlights
- Hole KM-21-58 intersected 68.4 m at a grade of 6.7 g/t AuEq, including higher-grade intervals of 7.3 m grading 10.1 g/t AuEq and 10.5 m grading 21.1 g/t AuEq, from a depth of 614 m. This hole is in the central portion of the deposit, and demonstrates excellent continuity of mineralisation between holes 26, 28, 25A, and 40.
- Hole KM-21-58A intersected 72.5 m at a grade of 2.5% CuEq, including higher grade intervals of 7.6 m grading 3.0% CuEq, 11.0 m grading 4.3% CuEq, and 8.3 m grading 4.2% CuEq, from a depth of 569 m. This hole is in the central portion of the deposit and demonstrates continuity and extension of mineralisation between holes 26, 28, 25A, and 40.
- Hole KM-21-58B intersected 84.4 m at a grade of 5.3 g/t AuEq, including higher grade intervals of 11.3 m grading 10.3 g/t AuEq, and 17.4 m grading 11.2 g/t AuEq, from a depth of 597 m. This hole is in the central portion of the deposit, and demonstrates continuity of mineralisation between holes 26, 28, 25A, and 40.
- Hole KM-21-51B intersected 9.8 m at a grade of 2.8% CuEq, including a higher-grade interval of 0.9 m grading 8.0% CuEq, from a depth of 861m. At 10.6 m farther down-hole, this hole also intersected 9.8 m grading 1.4% Cu, including 1.1 m grading 6.1% CuEq. This is the deepest hole assayed to date, extending mineralisation about 35 m north and 12 m downdip from hole 42C.
- Hole KM21-57 intersected 7.8 m grading 3.9 g/t AuEq, including a higher-grade interval of 0.9 m at a grade of 12.7 g/t AuEq, from a depth of 820 m. Thirty-five meters farther downhole, this hole intersected 15.5 m at a grade of 3.3% CuEq including a higher-grade interval of 3.5 m grading 7.5% CuEq. This hole shows excellent continuity of high-grade mineralisation between holes 27A and 42A.
For further information please visit: https://www.arizonametalscorp.com/
