Vancouver-based Arizona Mining has strongly refuted claims made in global mining blog that compared some of its deposits to the “Bre-X” scandal. An article in the Global Mining Observer on the weekend drew a comparison to Bre-X, the company involved in a major gold mining scandal in the mid-1990s, the Financial Post reported.
Arizona says the Observer’s article, which is no longer available online, was misleading. “First, the article appeared to infer that the Taylor deposit was a re-named version of the Central Deposit,” Arizona said in a statement.
“There are, in fact, two distinct deposits at the Hermosa project – the Taylor zinc-lead-silver sulphide deposit and the Central deposit, which is a manganese-silver oxide deposit.”
The company also rejected the article’s claim that the deposit was unsaleable or unworkable, citing the technical report which indicated the conventional process flowsheet and simple reagent suite would produce marketable grade lead-zinc concentrate from the Taylor deposit.
CEO Jim Gowans said additional metallurgical testwork was underway to further improve results.
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