Arizona Mining Inc. is pleased to announce it has been selected by the Prospectors and Developers Association of Canada to receive the 2018 Thayer Lindsley Award for the discovery of its Taylor zinc-lead-silver deposit at the Hermosa project in Arizona.
The award recognizes an individual or team of explorationists credited with a recent significant mineral discovery globally, and will be presented to Chief Operating Officer Don Taylor and his team during the annual Prospectors and Developers Convention on March 6, 2018. The Taylor sulfide project is currently in the feasibility stage, with first production expected in 2020.
“We are extremely proud to receive this distinguished award, which recognizes both the world-class nature of this great deposit and also Don’s top-notch skills as a geologist,” said Jim Gowans, President and CEO.
When Don Taylor joined Arizona Mining in 2010, the Company’s focus was to move the Central oxide project in southeast Arizona into development. Don, who graduated with an MSc from the University of Missouri, became intrigued by signs of a carbonate replacement signature and resolved to test the potential for sulfide mineralization at depth.
He compiled the historical exploration data for the area and completed an airborne survey in 2011, and after developing a new geological model, launched a deeper drilling campaign below the oxide zone. In 2014, he discovered a high-grade carbonate replacement deposit containing lead, zinc and silver sulfide mineralization in altered limestone. The deposit was named Taylor in recognition of his achievement.
The Company released a Preliminary Economic Assessment for the Taylor deposit in April, 2017, which showed Measured and Indicated resources of 72.5 million tons grading 10.5% zinc-equivalent (“ZnEq”) and 1.7 ounces per ton (“opt”) silver, and Inferred resources of 38.6 million tons grading 11.6% ZnEq, and 3.1 opt silver at a 4% ZnEq cutoff grade.
“Under Don’s guidance, the Taylor deposit has expanded rapidly over the past three years to become the world’s best zinc project and it continues to grow, but this is just the beginning,” said Richard Warke, Executive Chairman. “We are excited by the district-scale potential of the Hermosa project and believe it will yield more discoveries in the future.”