Aztec Minerals Corp. Reports Final Phase 2 RC Drill Results from Tombstone Project, Arizona
September 28, 2021 at 08:10 am EDT
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Aztec Minerals Corp. announced assay results for the final five holes, TR21-19 to 23, from its now completed 2021, Phase 2, 23-hole, 2,716 metre reverse circulation (RC) drill program on the Tombstone project which covers most of the historic Tombstone silver mining district in southeastern Arizona. The five holes were drilled on three fence patterns plus one additional hole to step out to the east, west, and north from the 2020 drill holes reported previously in the north and central parts of the Contention open pit. Two of the drill holes (TR21-21, 22) were twins of historic USMX drill holes TR-57 and TR-67, which along with one 2020 twin drill hole (TR20-18) verify the USMX drill data for use in a resource calculation. Every one of the five holes intersected near surface, oxidized gold-silver mineralization, three holes crossed old tunnels where presumably most of the highest-grade ores were previously mined, and all five holes bottomed in high grade mineralization, indicating the main mineralized zones are still open to depth and laterally. Drill Highlights: Hole TR21-19 0.78 grams per tonne (gpt) gold and 81.60 gpt silver (1.94 gpt gold equivalent (AuEq)) over 9.1 meters (m). The intercept starts with a 1.5 m wide tunnel and the final interval assayed 1.154 gpt AuEq after which the hole had to be terminated due to caving. This hole stepped out 60 m east from section M, and indicates that the mineralization in the drill holes TR-03 to TR-05 and TR-20 appears to be separate and distinct from the mineralized zone mined in the open pit, which also remains open to the east. Hole TR21-20 0.25 gpt gold and 15.20 gpt silver (0.46 gpt AuEq) over 47.3 m including 7.6 m of open mine workings. The drill hole was terminated in mineralization due to caving with the last sample assaying 1.283 gpt AuEq. This hole is a vertical step out 30 m to the west of section M and shows the mineralization is open to the west and at depth. Hole TR21-21 0.80 gpt gold and 15.05 gpt silver (1.01 gpt AuEq) over 18.3 m including 3.0 m of mine workings, another 4.7 m of mine workings lower down the hole and caving caused termination of this hole in mineralization grading 1.997 gpt AuEq. This hole was a step out 60 m north of TR20-09 in order to twin USMX drill hole TR-057, and it demonstrates the mineralization is open to the north, east, and at depth. Hole TR21-22 2.44 gpt gold and 66.56 gpt silver (3.39 gpt AuEq) over 65.5 m, including 16.80 gpt gold and 374.36 gpt silver (22.15 gpt AuEq) over 7.6 m. This hole ended in mineralization grading 1.045 gpt AuEq where it was terminated due to caving. TR21-22 is a 55 m step out east of drill holes TR21-17 and TR21-18 on section K. It is a twin of USMX hole TR-067, and shows the mineralization in the pit is open to the east and at depth. Hole TR21-23 0.56 gpt gold and 16.62 gpt silver (0.79 gpt AuEq) over 24.4 m. It is a step out to the west of holes (R21-01,02 on section O, and shows the mineralization is open to the west and at depth. Hole TR21-21 0.80 gpt gold and 15.05 gpt silver (1.01 gpt AuEq) over 18.3 m including 3.0 m of
mine workings, another 4.7 m of mine workings lower down the hole and caving caused termination of this hole in mineralization grading 1.997 gpt AuEq. This hole was a step out 60 m north of TR20-09 in order to twin USMX drill hole TR-057, and it demonstrates the mineralization is open to the north, east. Hole TR21-22 2.44 gpt gold and 66.56 gpt silver (3.39 gpt AuEq) over 65.5 m, including 16.80 gpt gold and 374.36 gpt silver (22.15 gpt AuEq) over 7.6 m. This hole ended in mineralization grading 1.045 gpt AuEq where it was terminated due to caving. TR21-22 is a 55 m step out east of drill holes TR21-17 and TR21-18 on section K. It is a twin of USMX hole TR-067. Hole TR21-23 0.56 gpt gold and 16.62 gpt silver (0.79 gpt AuEq) over 24.4 m.
Aztec Minerals Corp. is a mineral exploration company, which is focused on two emerging discoveries in North America. Its projects include Cervantes Project and Tombstone Project. The Cervantes project is a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico. The project lies 160 kilometers (km) east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry copper belt over 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal gold mine (Alamos Gold), 35 km northeast of the Osisko Development San Antonio gold mine, 45 km west of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). It holds a 75% interest in the Tombstone Property Joint Venture. The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential in southern Arizona.