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. has announced the commencement of a 22-hole, 5,000-meter reverse circulation drilling program at the Cervantes porphyry gold-copper property in Sonora, Mexico. The drilling will target four main areas, particularly the California site, where previous drilling indicated 0.77 gpt gold over 160 meters. This program aims to expand the understanding of gold-copper mineralization and assess deeper potential. The Cervantes property spans 3,649 hectares, strategically located within Mexico's renowned Laramide porphyry copper belt.
Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) has completed its Phase 2 reverse circulation drill program at the Tombstone project, totaling 2,716 meters across 23 holes. All drill holes intercepted oxidized gold-silver mineralization, with notable results including hole TR21-22, which reported 2.441 gpt gold and 66.56 gpt silver (3.392 gpt AuEq) over 65.5 meters. The mineralization remains open at depth and laterally. The company aims to further explore the region for additional mineral deposits, building on positive drill findings.
Aztec Minerals Corp. (AZZTF) has successfully closed the final tranche of an oversubscribed CAD$1.6 million private placement. This final tranche raised CAD$575,000 by issuing 1.9 million units at a price of CAD$0.30 each. Each unit includes one common share and a warrant for an additional share at CAD$0.40 until November 17, 2023. The funds will be allocated for exploration of the Cervantes project in Mexico and the Tombstone project in Arizona, as well as for general working capital. The placement is pending final acceptance by the Exchange.
Aztec Minerals Corp. and Kootenay Silver Inc. have approved a 22-hole, 5,000 meter reverse circulation drilling program at the Cervantes gold-copper property in Sonora, Mexico. The joint venture aims to test four key targets, starting in late November. Notable previous drill results include intercepts of up to 0.77 gpt gold over 160m. The program seeks to define the potential for open-pit heap leach gold and deep copper-gold porphyry mineralization. Aztec's CEO emphasized this program could help advance Cervantes towards an initial resource estimate.
Aztec Minerals Corp. has closed the first tranche of its private placement, raising CAD$1 million by issuing 3.33 million units at CAD$0.30 per unit. Each unit includes one common share and one warrant, priced at CAD$0.40, valid for two years. The financing has been upsized due to high investor interest. Proceeds will support exploration at the Cervantes and Tombstone properties in Mexico and Arizona, respectively. The securities are subject to a four-month hold period, ending March 1, 2022, pending final acceptance from the TSX Venture Exchange.
Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) has initiated a CAD$1.05 million non-brokered private placement financing, issuing 3.5 million units at CAD$0.30 each. Each unit includes one common share and a warrant for an additional share at CAD$0.40 over two years. The funds will support exploration of the Cervantes and Tombstone projects in Mexico and Arizona. The placement is pending regulatory approval and the securities issued are subject to a four-month hold period under Canadian securities laws.
Aztec Minerals Corp. has completed its 2021 Phase 2 RC drill program at the Tombstone project, which included 23 holes totaling 2,716 meters. The final five drill holes confirmed and expanded high-grade, near-surface oxidized gold-silver mineralization below the Contention pit, with significant intercepts including 2.44 grams per tonne (gpt) gold and 66.56 gpt silver over 65.5 meters. The results indicate that mineralization remains open in all directions, prompting the company to consider a Phase 3 core drill program aimed at extending mineralization up to 200 meters and testing deeper targets.
Aztec Minerals Corp. has reported results from its 2021 Phase 2 drilling program at the Tombstone project in Arizona. A total of 23 holes were drilled, with the last four (TR21-15 to 18) confirming extensive, high-grade oxidized gold-silver mineralization below the Contention Pit. Significant intersections include 1.73 gpt gold and 56.2 gpt silver (2.53 gpt AuEq) over 64 m in hole TR21-17. All four holes reached mineralization, extending known zones at depth and horizontally. The ongoing exploration targets further mineral expansions with assays pending for more holes.
Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) reports results from four additional drill holes (TR21-11 to TR21-14) at its Tombstone project, confirming high-grade, near-surface oxidized gold-silver mineralization. The completed 23-hole program revealed significant findings, with TR21-13 achieving 1.8 gpt gold and 36.9 gpt silver over 70.1 meters. The drilling indicates continuity of mineralization both along strike and at depth, remaining open in all directions. The company aims to further explore the potential for a substantial bulk tonnage, epithermal gold-silver vein deposit.
Aztec Minerals Corp. (OTCQB: AZZTF) and Kootenay Silver Inc. reported new gold-copper-molybdenum anomalies at the Cervantes Property in Sonora, Mexico. The 2021 Phase 1 exploration identified four targets, including the new Estrella Norte. Highlights include rock sampling assays returning up to 21.3 gpt gold and soil samples up to 3.60 gpt gold. A planned Phase 2 drilling program will target open pit and deeper mineralization, spanning 5,000 m in 22 holes set to begin in Q4 2021, pending funding.