Mike Fagan,
Editor
Oct. 1, 2021
Aztec Minerals (TSX-V: AZT)(OTC: AZZTF) — currently trading around C$0.30 per share — has released assays for the final 5 holes from its recently-completed Phase-2, 23-hole drill program at the flagship Tombstone gold-silver JV project, Arizona.
Highlights from the 5 holes include:
- Hole-19: 0.78 grams per tonne (g/t) gold and 81.6 g/t silver (or 1.94 g/t gold equivalent “AuEq”) over 9.1 meters
- Hole-20: 0.25 g/t gold and 15.2 g/t silver (or 0.46 g/t AuEq) over 47 meters
- Hole-21: 0.80 g/t gold and 15.05 g/t silver (or 1.01 g/t AuEq) over 18.3 meters
- Hole-22: 2.44 g/t gold and 66.56 g/t silver (or 3.39 g/t AuEq) over 65.5 meters; including:
• 16.8 g/t gold and 374.36 g/t silver (or 22.15 g/t AuEq) over 7.6 meters
- Hole-23: 0.56 g/t gold and 16.62 g/t silver (or 0.79 g/t AuEq) over 24.4 meters
All five holes intersected extensive gold and silver mineralization — with Hole-22 being the barnburner of the batch — resulting in an extension of the 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 Phase 2 RC drill program is now complete and these final results continue to show strong grades over broad widths, confirming and expanding the historic gold and silver mineralized zones both along strike and down dip. Holes 21-19 to 23 confirm the geological continuity between Aztec's 2020 and 2021 drill holes and the historic USMX drill holes, and the mineralization remains wide open in all directions. Our 2020 and 2021 drill programs targeted the near-surface mineralization around and below the Contention pit for a substantial bulk tonnage, epithermal gold-silver vein deposit with open pit, heap leach potential, and results to date have clearly confirmed this potential. As we have reported the final 2021 drill results, we will now consider a Phase 3 core drill program to continue extending the near surface, oxidized gold-silver mineralization to depths of 150-200 m, as well as some much deeper 500-750 m holes to test for ‘Taylor’ CRD polymetallic massive sulfide mineralization underlying the near surface epithermal mineralization.”
The Aztec team is now looking at a very consistently mineralized zone well in excess of typical heap leach gold-silver grades over a fairly tightly drilled area. Upcoming drill rounds present an opportunity to drill-test deeper under the shallow portions of the known discovery zone to be integrated with the deeper modeling.
Additionally, at the Cervantes gold-copper JV project in Sonora, Mexico, the company has been hard at work completing an extensive surface sampling program with plans for a 5,000 meter drill program to follow up on its 2018 discovery at the California Zone.
That forthcoming drill program is subject to a new round of financing but shows that Aztec is far from a one-trick pony… not bad for a junior explorer with a sub-C$18 million market cap.
Our own Gerardo Del Real of Junior Resource Monthly — who’s been covering Aztec’s impressive exploration progress both in Arizona and down south in Sonora, Mexico — caught up with CEO, Simon Dyakowski, for a quick catch-up on all-things Aztec Minerals.
Please enjoy this exclusive interview by clicking here.
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And click here for our feature report on Aztec Minerals.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest