Arizona Eagle Mining has reported initial outcomes from the first three drill-holes at its fully funded phase one drilling programme at the Eagle Project in the historic McCabe gold-silver district in Arizona, US.
The drilling is targeting north-easterly striking, steeply dipping sulphide-bearing quartz veins, possibly extending beyond a historic resource of approximately 880,000oz of gold averaging 11.7 grams per tonne (g/t) at McCabe.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The first three drill-holes focused on the north-east, beyond the historic resource, confirming significant high-grade mineralisation and extending the mineralised strike by 50m beyond the previous 750m range.
Eagle 26-01, drilled at an angle to 536m, intersected four sulphide-bearing quartz veins from 355.7 to 447.6m in an unmined area.
These veins, up to 1.5m wide, returned assays of up to 5.09g/t gold and 16.35g/t silver, indicating substantial mineralisation nearby.
Arizona Eagle plans further drilling to explore extensions beyond historic mining.
Another hole, Eagle 26-02, angled to 468m, tested a north-east extension past a fault where historic mining ceased.
It uncovered a 4.2m sulphide-rich vein that included pyrite, chalcopyrite, sphalerite and arsenopyrite, assaying 5.73g/t gold and 5.90g/t silver, with a 0.8m section having 11.35g/t gold and 11.15g/t silver.
The Eagle 26-02A drill-hole extended the zone 10m further north-east, intersecting a 1.7m sulphide-bearing quartz vein with 1.16g/t gold and 7.35g/t silver.
These intercepts confirm that the McCabe gold-silver zone remains open to the north-east beyond historic limits, suggesting further expansion potential.
Holes 3, 4, 5 and 6 aimed to test the extension toward the Eagle Silver Project, approximately 1km north-east along the structural corridor, with assays pending.
Hole 7, located 400m south-west of the McCabe Historic Resource, targets south-westward extensions.
Arizona Eagle CEO Kevin Reid said: “These initial results are an excellent start to the Phase 1 drill programme, validating our belief that significant high-grade gold and silver mineralisation remains open beyond the Historic Resource.
“With the system open along strike and our drilling now stepping out toward our previously announced, soon-to-be-acquired Eagle Silver Project, we are excited about the district-scale potential we are unlocking.”
Last month, the company signed agreements to acquire 62 acres of patented land containing three former high-grade silver mines – the Arizona National Mine, the Lookout Mine and the Silver Belt Mine.
