Welcome to our dedicated page for Aztec Minerals news (Ticker: AZZTF), a resource for investors and traders seeking the latest updates and insights on Aztec Minerals stock.
Aztec Minerals Corp (OTCQB: AZZTF) generates a steady flow of technical and corporate news as it advances its North American exploration portfolio. Company releases focus heavily on the Tombstone gold-silver & CRD project in southeastern Arizona and the Cervantes porphyry gold-copper project in Sonora, Mexico.
Recent Tombstone updates describe multi-phase reverse circulation and core drilling in and around the historic Contention open pit, the Southern Extension, Westside and Head Center areas. Aztec reports broad intervals of oxidized silver-gold mineralization from surface or shallow depths, expansion of the mineralized footprint to the west, east, north and south, and ongoing testing of deeper carbonate replacement deposit targets guided by NSAMT geophysical anomalies. Surface channel sampling and detailed mapping at Tombstone are also regular subjects of news, providing additional context on near-surface oxide mineralization.
At Cervantes, news items highlight step-out drilling at the California zone, where Aztec reports that every hole except one has intersected near-surface oxidized gold mineralization with minor copper values. Updates cover expansion of the California zone in multiple directions, interpretation of multi-element geochemistry consistent with a porphyry system, and metallurgical test work on oxide gold mineralization.
In addition to project results, Aztec’s news flow includes financing announcements, such as private placements to fund exploration, and investor relations activities like conference presentations and virtual webinars. Investors following AZZTF news can use this page to review drilling results, exploration plans, technical interpretations and corporate developments that the company discloses over time.
Aztec Minerals Corp. (OTCQB: AZZTF) announced the latest results from its Phase 3 core drilling program at the Cervantes Project in Sonora, Mexico. Initial assays confirm substantial gold mineralization, with hole CAL22-031 yielding 114.0 m grading 0.73 gpT Au. The California zone has extended its footprint deeper and to the north, indicating potential for further valuable discoveries. Additionally, broad copper mineralization was found at the Jasper target, signifying promising exploration prospects. The program included 2,515.5 meters of drilling across eleven holes.
Aztec Minerals Corp. (AZZTF) announced significant progress in expanding the California Zone mineralization at the Cervantes Project in Mexico. Initial results from five drill holes indicate broad intercepts of gold mineralization, including 120.0 m grading 0.68 gpt Au and 57.0 m grading 0.77 gpt Au. The drilling has extended the mineralized Qfp intrusive complex both to depth and to the north. This Phase 3 Core drilling program, consisting of 11 holes totaling 2,515.5 meters, aims to enhance geological understanding and collect samples for metallurgical testing.
Aztec Minerals Corp. has completed its Phase 3 core drilling program at the Cervantes Project, Sonora, Mexico, totaling 2,515.5 meters. The results extend the California Zone mineralization to the north, with initial assays showing 46.5 meters at 0.44 gpt Au from hole CAL22-024. The program successfully narrowed the gap between targets from 350 to 240 meters, indicating potential convergence of mineralization. Additional results from eight drill holes are forthcoming, while the area remains open for further exploration.
Aztec Minerals Corp. has completed the initial 7 core holes of its 3,000 m drilling program at the Cervantes Property in Sonora, Mexico. This phase aims to define gold and copper mineralization, with notable drill intercepts reported, including 1.002 gpt gold over 165 m. The company has also appointed Simon Dyakowski as a director. Results from the drilling are expected shortly, while further exploration activities, including channel sampling and geologic mapping, will continue. The Cervantes project shows strong geological potential, supported by extensive mineralization findings.
Aztec Minerals Corp. (AZZTF) has finalized its acquisition of a 35% interest in the Cervantes porphyry gold-copper project in Sonora, Mexico from Kootenay Silver Inc.. Announced initially on July 26, 2022, the transaction involved Aztec issuing 10 million shares at C$0.25 each, totaling $2.5 million. With this acquisition, JV Corp. becomes a wholly-owned subsidiary of Aztec. Kootenay now holds approximately 11.85% of Aztec's outstanding shares, totaling 10.68 million shares. The shares are held for investment purposes, with no immediate plans for significant changes in ownership.
Aztec Minerals Corp. announced the sudden passing of its founder and Chairman, Bradford Cooke, at 67. Cooke was a respected geologist with nearly 50 years in the mining sector, known for creating shareholder value and advocating for corporate social responsibility. The company's CEO, Simon Dyakowski, expressed deep sorrow over this loss, noting Cooke's passion and contributions to the industry. Aztec continues its focus on discovering large polymetallic deposits in the Americas, with core assets in Mexico and Arizona.
Aztec Minerals Corp. (AZT:TSX-V, OTCQB:AZZTF) has initiated a 10 hole, 3,000 meter core drilling program at its Cervantes porphyry gold-copper property in Sonora, Mexico. Set to conclude in September 2022, this program follows a successful Phase 2 RC drill program. The drilling will target areas with existing mineralization identified, aiming to enhance understanding of both gold-copper oxide and deeper sulfide potential. Highlights include previous drill intercepts revealing substantial gold and copper values. The Cervantes property is strategically located within a renowned mining belt.
Aztec Minerals Corp. has announced the acquisition of Kootenay Silver Inc.'s 35% stake in the Cervantes porphyry gold-copper project in Sonora, Mexico, as part of a Purchase and Sale Agreement dated July 22, 2022. Aztec will issue 10,000,000 shares at C$0.25 each, and Kootenay will retain a 0.5% Net Smelter Return Royalty. This transaction, pending approval by the TSX Venture Exchange, is expected to finalize around August 5, 2022, enabling Aztec to consolidate full ownership of the project and enhance its exploration efforts.
Aztec Minerals Corp. has announced the completion of its 2021-2022 RC drill program at the Cervantes property in Sonora, Mexico, where 5,249 meters were drilled across 26 holes. Notable results from hole CAL22-018 included intersections of a high pyrite zone and anomalous levels of copper, molybdenum, gold, and silver, indicating potential for a deeper porphyry deposit. The California Zone's mineralized area now spans approximately 900 meters long by 250 to 500 meters wide, with continuous anomalous mineralization up to 265 meters in depth, suggesting further exploration opportunities.
Aztec Minerals Corp. announces the successful closing of its CAD$3.4 million oversubscribed non-brokered private placement, consisting of 11.4 million units priced at CAD$0.30 each. Notably, Alamos Gold subscribed for 7,926,089 Units, acquiring a 9.9% undiluted stake in Aztec. The funds will support exploration at the Cervantes and Tombstone projects and general working capital. The securities are subject to a four-month hold period and await final acceptance from the TSX Venture Exchange.