Aztec and Tombstone Partners Acquire Two Additional Patents to Expand Tombstone Joint Venture Land Position in Arizona, Drill Contractor Selected for Phase 2 Drill Program
Aztec Minerals Corp. (TSXV:AZT, OTCQB:AZZTF) has announced the acquisition of two patented claims, Morning Star and Wide West, totaling 15.2 hectares (37.5 acres), expanding the Tombstone Joint Venture land package to 434.4 hectares (1,073.4 acres). This acquisition enhances exploration potential in the historic Tombstone Silver District in Arizona. The claims feature historic mine shafts and are free from royalties or work commitments. Aztec is set to initiate a 20-hole, 10,000-foot drill program shortly. CEO Simon Dyakowski also noted management changes with the resignation of Joey Wilkins.
- Acquisition of 15.2 hectares expands Tombstone Joint Venture to 434.4 hectares.
- No underlying royalties or work commitments on the new claims.
- New claims offer exploration potential in the historic Tombstone Silver District.
- Drill program of 10,000 feet set to commence, enhancing exploration activities.
- None.
VANCOUVER, BC / ACCESSWIRE / March 16, 2021 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) and Tombstone Gold & Silver Inc. and Tombstone Resources Inc. (collectively, "Tombstone Partners") announce the acquisition of two patented claims amounting to 15.2 hectares (37.5 acres), increasing the overall Tombstone Joint Venture land package to 434.4 hectares (1,073.4 acres).
Aztec and Tombstone Partners have acquired the Morning Star and Wide West claims from a third-party. The two claims immediately adjoin the Tombstone property core claims to the southeast, expanding opportunities to explore new targets in the historic Tombstone Silver District in Southeastern Arizona. The two patented claims were purchased outright and have no underlying royalties or work commitments.
The Morning Star and Wide West claims cover several historic mine shafts and prospects on epithermal quartz-gossan silver veins hosted in the Bisbee Group clastic sediments as well as CRD replacement style silver-lead-gold-copper style mineralization hosted in Paleozoic limestones.
The Aztec-Tombstone JV has selected a drilling contractor to conduct the upcoming Phase 2, 20-hole, 10,000 foot reverse circulation drill program at Tombstone and will initiate drill site preparation in the next few weeks. The drill program was described in the March 2, 2021 news release.
Updated Tombstone Property Claim Map
Aztec also announces that Joey Wilkins, B.Sc., P.Geo., former VP Exploration and Chief Geologist of the company has resigned his management position and joined the Technical Advisory board. Aztec Chairman and founder, Bradford Cooke, M.Sc., P.Geo, has agreed to serve as interim Qualified Person of Aztec until a suitable replacement has been found.
Bradford Cooke, M.Sc., P.Geo., is the Qualified Person who reviewed and approved the technical disclosures in this news release.
"Simon Dyakowski"
Simon Dyakowski, Chief Executive Officer
Aztec Minerals Corp.
About Aztec Minerals - Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. The historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
Contact Information - For more information, please contact:
Simon Dyakowski, CEO
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: simon@aztecminerals.com
Website: www.aztecminerals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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.
SOURCE: Aztec Minerals Corp.
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FAQ
What claims did Aztec Minerals acquire on March 16, 2021?
How many hectares does the Tombstone Joint Venture land package cover after the acquisition?
Are there any royalties associated with the newly acquired claims?
What type of drilling program is set to begin following the acquisition?
Who is the interim Qualified Person after the resignation of Joey Wilkins?
