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About Aztec Minerals Corp. (AZZTF)
Aztec Minerals Corp. (OTCQB: AZZTF, TSXV: AZT) is a junior mineral exploration company focused on advancing high-potential gold, silver, and copper projects in North America. The company operates in the mining and metals industry, specifically targeting the discovery and development of economically viable mineral deposits. Aztec's strategic focus on historically significant mining districts and its application of advanced geological and geochemical techniques underscore its commitment to unlocking value for stakeholders through exploration excellence.
Core Projects
- Cervantes Project (Sonora, Mexico): The Cervantes project is an emerging porphyry gold-copper discovery situated within the prolific Laramide porphyry copper belt. Exploration efforts have identified a near-surface oxidized gold cap and the potential for deeper gold-copper porphyry sulfide mineralization. The project benefits from its proximity to established mining operations and infrastructure, enhancing its development potential.
- Tombstone Project (Arizona, USA): Located in the historic Tombstone silver district, the Tombstone project is an emerging gold-silver discovery with high-grade carbonate replacement deposit (CRD) silver-lead-zinc potential. Aztec's exploration has identified broad zones of shallow, oxidized gold-silver mineralization, with ongoing efforts to expand the mineralized footprint and define resource potential.
Exploration Expertise
Aztec Minerals employs a data-driven approach to exploration, integrating geological mapping, geochemical sampling, geophysical surveying, and advanced 3D modeling. These methodologies enable the company to pinpoint high-priority drill targets and optimize resource delineation. The company's technical team, led by seasoned geologists, ensures rigorous adherence to industry best practices and quality control standards, reinforcing its reputation for exploration excellence.
Industry Context and Competitive Position
Operating within the junior mining sector, Aztec Minerals is part of a high-risk, high-reward industry where success hinges on technical expertise, strategic project selection, and access to capital. The company's focus on historically productive mining districts provides a competitive edge, as these areas often host significant untapped mineralization. By targeting gold, silver, and copper—commodities with strong long-term demand fundamentals—Aztec positions itself to benefit from favorable market dynamics.
Commitment to Sustainability
Aztec Minerals is committed to conducting its exploration activities responsibly, adhering to environmental regulations, and engaging with local communities. The company's approach emphasizes transparency, sustainability, and the creation of long-term value for all stakeholders.
Investment Considerations
Aztec Minerals offers exposure to the early-stage exploration segment of the mining industry, characterized by significant upside potential alongside inherent risks. The company's focus on advancing two promising projects in geopolitically stable regions, combined with its technical expertise and strategic project management, makes it a noteworthy player in the junior exploration space.
Aztec Minerals Corp. (OTCQB: AZZTF) announced remarkable drill results from its Tombstone Project, revealing 3,477 gpt Ag (111.96 oz/t) over 1.52 m and a broader intersection of 733.9 gpt Ag (23.63 oz/t) over 7.6 m. This marks the highest silver grade found by Aztec at this site to date. The first hole of a total of ten in the 2023 drilling program confirmed mineralization below previous depths and near historical workings. The ongoing drilling aims to explore gold and silver targets in the Contention Pit. The exploration highlights the project's significant potential, as mineralization remains open at depth.
Aztec Minerals Corp. has initiated its 2023 exploration program at the Cervantes gold-copper project in Sonora, Mexico. The program involves two field crews conducting surface exploration, soil sampling, and geological mapping. The goal is to enhance geochemical understanding and define the potential of the gold oxide cap and deeper copper-gold mineralization. Cervantes spans 3,649 hectares, located in a productive mineralized region. Significant past drilling results include intersections of up to 1.49 gpt gold over 137m. The current exploration is timely, taking advantage of the regional dry season to maximize efficiency.
Aztec Minerals Corp. (OTCQB:AZZTF) has initiated a 10 hole, 2,250m core drilling program at its Tombstone Project in Arizona, aimed at expanding oxidized gold-silver (Au-Ag) mineralization. This program follows a successful 2020-21 Reverse Circulation drill campaign, which demonstrated productive intersections in all 44 holes drilled. The current drilling targets both lateral and depth expansions within the known mineralization zones. Aztec plans to conduct additional analyses and mapping after drilling completion, emphasizing its potential for grading and volumetric expansion in historic mining districts.
Aztec Minerals Corp. has successfully closed a CAD$1.1 million non-brokered private placement, issuing 4,378,168 common shares at CAD$0.25 per share. This placement generated gross proceeds of CAD$1,094,542 without issuing warrants or paying finders fees. Alamos Gold Inc. participated with a subscription of 400,000 shares, decreasing their holding percentage to 15.86%. The proceeds will fund exploration at Aztec's Cervantes and Tombstone projects and provide general working capital. The placement awaits final acceptance by the TSX Venture Exchange and is subject to a four-month hold period.
Aztec Minerals Corp. (AZT:TSX-V)(OTCQB:AZZTF) plans to resume drilling at the Contention gold-silver target in Arizona's Tombstone Mining District in early 2023. The 2,500m core drilling program aims to expand known oxide Au-Ag mineralization, following successful 2020-21 Reverse Circulation drilling. All 44 previous drill holes encountered significant mineralization, with plans for 10–12 inclined holes designed to reach depths of 225m. The drilling will support a potential 43-101 compliant resource estimate. Aztec holds a 75% interest in the Tombstone property, a historic silver district known for high-grade mineralization.
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