AZTEC MINERALS CORP. The four holes were drilled on two fence patterns to step out to the south from prior drill fences reported previously in the north-central part of the Contention open pit. Every one of the four holes intersected near surface, oxidized gold-silver mineralization, and all four holes bottomed in mineralization.
Drill Highlights
Hole TR21-13 - 1.8 grams per tonne (gpt) gold and 36.9 gpt silver (2.33 gpt gold equivalent (AuEq)) over 70.1 meters (m), including 6.08 m grading 2.93 gpt gold and 157 gpt silver (5.17 gpt gold equivalent AuEq) and 1.52 m with visible gold in quartz veining grading 55.71 gpt gold and 176.1 gpt silver (58.22 gpt gold equivalent AuEq). The hole bottomed in mineralization grading 0.37 gpt AuEq when ground caving forced early termination of the hole
Hole TR21-11 - 1.2 gpt gold and 71.6 gpt silver (2.22 gpt AuEq) over 24.3 m, and 0.17 gpt Au and 6 gpt Ag (0.26 gpt AuEq) over 16.7 m
Hole TR21-12 - 0.27 gpt gold and 20.9 gpt silver (0.56 gpt AuEq) over 7.6 m
Hole TR21-14 - Several intervals of low grade mineralization totaling 43 metres, including 0.32 gpt gold and 9.9 gpt silver (0.46 gpt AuEq) over 7.6 m, and 0.09 gpt Au and 11.6 gpt Ag (0.25 gpt AuEq) over 12.2 m, but this hole was drilled steeply to the west so does not appear to have tested the down dip potential of holes 21-10 and 11.
Aztec CEO,
'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. Once we have reported the remainder of the 2021 drill results, we will 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.'
Gold equivalents are calculated using a 70:1 silver:gold ratio. Reported lengths are apparent widths, not true widths. The gold - silver mineralization zones are generally west dipping at around 60-80 degrees, associated with the quartz-feldspar porphyry dikes. However, these dikes also extend at shallow angles out from the Contention fault along fold noses in the
About
Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the
Contact:
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: simon@aztecminerals.com
Web: www.aztecminerals.com
Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'expects' or 'it is expected', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
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