Arizona hits high grades in new copper zone at Taylor

Arizona Mining (TSX: AZ) will investigate adding a copper circuit to the flotation milling process for its Hermosa project’s Taylor deposit after hitting “significant copper grades” at its Taylor Deeps Zone.

Staff reporter
Works underway at Taylor

Works underway at Taylor

Among the highlights, Arizona hit 48.77m assaying 7.3% combined zinc-lead, 170.1g/t silver and 1.6% copper.

The company said the step-out drilling showed the potential for resource growth at the zinc-lead-silver deposit in Arizona's Santa Cruz county, plus robust copper grades in the new zone and another previously identified zone to the east.

Meanwhile Arizona has started work on its twin exploration declines at Taylor ahead of schedule after gaining approval in March.

It is aiming to deliver a feasibility study mid-year and is targeting first mineralised material to plant in 2020.

Australian-based South32 (ASX: S32) holds 17% of Arizona and said earlier this month it was "committed to working with the company to unlock the full potential of the Hermosa project".

Arizona said Taylor would be one of the world's top five zinc-equivalent producers when it released its updated preliminary economic assessment in January.

The company had cash and equivalents just over US$41 million at the end of the March quarter.

Its share price has almost doubled in 12 months and closed down C7c yesterday to $4.08, capitalising it around $1.28 billion.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.


Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.


Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.


Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.


Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.