Aiming the Drills & Hitting Near-Surface High-Grade Gold-Silver in Arizona

 

Aztec Minerals (TSX-V: AZT)(OTC: AZZTF) — currently trading around C$0.30 per share — has released assays for an additional five holes from its ongoing Phase-2 drill program at the flagship Tombstone gold-silver JV project, Arizona, confirming the extension of mineralization around the Contention Pit. 

Highlights include:

  • 1.39 grams per tonne (g/t) gold and 56.4 g/t silver (or 2.2 g/t gold equivalent “AuEq”) over 96 meters
  • 2.09 g/t gold and 47.1 g/t silver (or 2.76 g/t AuEq) over 39 meters

Each hole intersected near-surface, oxidized gold-silver mineralization with all five holes bottoming in mineralization — extending the known mineralized zones at-depth and along strike below and west of the Contention open pit. 

Aztec CEO, Simon Dyakowski — whom you’ll be hearing more from in a moment — commented via press release: 

"Our 2021 drill program continues to return strong grades over broad widths, confirming and expanding the historic gold and silver mineralized zones. Holes 21-6 to 10 confirm the geological continuity between the 2021 drill holes and 2020 and earlier historic drill holes. In addition to stepping out from prior drill holes, we plan to twin three historic drill holes so we can verify the old data for use in a future resource estimate."

Currently, Aztec has an additional five holes — with multiple holes displaying visible gold — at the lab awaiting assaying as the Phase-2, 20-hole, 2,900 meter program nears completion. 

A key takeaway from the current drilling is the bottoming in mineralization. That means, in all likelihood, mineralization continues at-depth, which is something the Aztec team will be keen to explore in upcoming drill rounds. 

At a market cap below C$18 million, Aztec Minerals is hitting with the drill bit and will have plenty of additional assays from Tombstone over the next couple of months. 

Plus, at the company’s Cervantes gold-copper JV project in Sonora, Mexico, Aztec is conducting a +500 soil sample program aimed at extending previous soil grids and covering targets with limited historic exploration. Look for additional news from that project in the coming few weeks as well. 

Our own Gerardo Del Real of Junior Resource Monthly caught up with CEO, Simon Dyakowski, for a quick catch-up on all-things Aztec Minerals. CLICK HERE TO LISTEN. Transcript is also available. 

Be sure to also check out our feature report on Aztec Minerals here. 

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.


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