AZTEC MINERALS CORP - AZZTF STOCK NEWS

Aztec Minerals Corp. (TSXV:AZT, OTCQB:AZZTF) has successfully completed the first 14 holes of its Phase 2 drilling program at the Cervantes Property in Sonora, Mexico, totaling 2,810.6 meters. Commenced in December 2021, the program aims to define the gold potential of the property and discover deeper copper-gold mineralization. Initial drilling at Purisima East has intersected promising geological features, while the California target has shown significant gold-copper mineralization. Results are expected in upcoming weeks, with additional drilling planned for other targets.

Aztec Minerals Corp. shares its 2021 accomplishments and 2022 plans. Key highlights include the formation of a 75/25 Joint Venture for the Tombstone Project, completion of a successful 2,716-meter Phase 2 RC drill program, and a CAD$1.6 million financing. Future goals involve continuing exploration at both the Tombstone and Cervantes projects, with a focus on advancing to an initial resource estimate and exploring deeper high-grade polymetallic targets. The company aims to enhance shareholder value amid promising mineral discovery prospects.

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.