VANCOUVER — When it comes to opportunities in the junior space that tick the prerequisite boxes for mineral development, there aren’t many that can match Arizona Mining (TSX: AZ) and its emerging Taylor zinc-lead-silver deposit roughly 80 km due southeast of Tucson.
The company features an accomplished management team and strong financial backing, and it completed a promising drill campaign last year that hints at the potential for a great mining opportunity driven by high grades and a clear permitting path.
Arizona is the brainchild of chairman — and well-known corporate finance figure — Richard Warke, who founded Augusta Resource and Ventana Gold. The company previously operated under the Wildcat Silver banner before shifting it’s identify in mid-2015 to signal a new focus on the Taylor discovery, which is part of the 140 sq. km Hermosa project.
Arizona had previously been advancing the Central manto-style, oxide deposit at Hermosa and outlined an open-pit prefeasibility study (PFS) for the project in 2013, based on proven-and-probable reserves of nearly 60 million tonnes grading 68 grams silver per tonne and 8.31% manganese.
“Our focus had really been on the oxides and working on that study to get it up and running. We recognized for quite some time, however, that we had some intersections of quite nice sulfide mineralization down dip,” explained COO Donald Taylor during an interview.
“This is actually a perfect geological story in terms of zonation for these types of deposits. It was really just a matter of getting ourselves oriented and proceeding with the drilling as we move towards what is very likely an intrusive source. It definitely looks like we’ve found the right location because we’ve had some wonderful drill intercepts,” he added.
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