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Be the first with the news that moves the market- Arizona Metals Corp (TSXV:AMC) has intersected massive sulphides while drilling at its Kay Mine project in Arizona
- The company intersected 16 metres of mineralization at a depth of 550 metres down
- The drill hole immediately next to that one also intersected mineralization, at a length of 6.1 metres grading at 4.2 grams per tonne gold and eight per cent zinc
- Arizona is now turning the two holes into trunk holes, to further explore nearby mineralisation
- Arizona Metals Corp (AMC) is in the grey and is trading at C$0.74 per share
Arizona Metals Corp (TSXV:AMC) has intersected massive sulphides while drilling at its Kay Mine project in Arizona.
Massive sulphides often accompany large base and precious metal deposits and are most commonly found alongside copper, zinc and gold mineralisation.
The mineralization was found in an area previously untested by the site’s historic drilling programs.
Arizona currently has two diamond drills running at Kay, one in the North zone of the site, the other in the South zone.
The company intersected 16 metres of mineralization at a depth of 564 metres at the North zone of the property.
The drill hole immediately next to that one also intersected mineralization, at a length of 6.1 metres grading at 4.2 grams per tonne gold and eight per cent zinc.
Arizona is now turning the two holes into trunk holes, splitting the holes into branches through directional drilling. This technique is useful for significantly reducing drilling costs.
Arizona is currently off and away with another drilling hole on the North zone, to expand confidence in the zone at depth.
The first six holes the company drilled into the North zone were very shallow, only reaching a depth of 170 metres.
The two trunk holes drilled are substantially deeper than that, along this third hole will also be used as a trunk hole.
This drill is zeroing in on a historic gold and copper vein that has already been drilled before to the 550-metre level.
Arizona Metals Corp (AMC) is trading in the grey and is trading at C$0.74 per share at 1:45 pm EDT.
