Aztec is focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona.
Recent Select channel samples at the Tombstone project are excaeptional, highlights include:
Line H: 60.0 m at 1.97 gpt Au and 120.36 gpt Ag (3.47 gpt AuEq) including 36.0 m 2.86 gpt Au and 172.41 gpt Ag at (5.02 gpt AuEq)
Line G2: 45.6 meters at 0.40 gpt Au and 39.88 gpt Ag (0.89 gpt AuEq) including 12.0 meters of 0.67 gpt Au and 77.47 gpt Ag (1.64 gpt AuEq) and 2.0 meters of 2.17 gpt Au and 97.90 gpt Ag (3.40 gpt AuEq)
Line N: 49.5 m at 0.17 gpt Au and 14.14 gpt Ag (0.34 gpt AuEq)
It has been quiet but they announced a financing a couple weeks ago so more drilling will be on the horizon
Aztec Minerals Corp. intends to complete a non-brokered private placement of up to 16,666,667 units at a price of 18 cents per unit for gross proceeds of up to $3-million. Each unit will comprise one common share of the company and one-half transferable common share purchase warrant. Each whole warrant will be exercisable to purchase one common share of the company at a price of 24 cents per share for a period of three years from the closing date of the private placement.
Reverse circulation drilling has commenced at Aztec’s Tombstone project, Arizona. The stepout drilling program under way is targeting shallow zones identified as prospective for high-grade oxide gold-silver mineralization associated with recently completed surface exploration results and 3-D geological modelling.
The following are highlights of recent drilling intersections supporting the conceptual exploration model for mineralized footprint growth:
TR21-22: 2.44 grams per tonne gold and 66.56 g/t silver (3.39 g/t gold equivalent) over 65.5 metres (including 16.80 g/t Au and 374.36 g/t Ag over 7.6 m);
TR21-03: 5.71 g/t Au and 40.54 g/t Ag (6.28 g/t AuEq) over 32.0 m;
TC 23-01: 3,477 g/t Ag over 1.52 m from a zone of 733.9 g/t Ag over 7.6 m within 125 m of 1.63 g/t AuEq;
TR21-10: 1.39 g/t Au and 56.40 g/t Ag (2.20 g/t AuEq) over 96.0 m;
TR21-13: 1.8 g/t Au and 36.9 g/t Ag (2.33 g/t AuEq) over 70.1 m;
TR21-17: 1.73 g/t Au and 56.20 g/t Ag (2.53 g/t AuEq) over 64.0 m;
TR21-08: 2.09 g/t Au and 47.1 g/t Ag (2.76 g/t AuEq) over 39.6 m;
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