Vancouver, British Columbia (FSCwire) - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announces that it anticipates receiving assays late this month for the first 5 holes drilled at the Cervantes gold-copper porphyry property in Sonora State, Mexico before the Christmas break. The Phase 1 drill program is now underway again and consists of a total of 14 to 17 holes totaling approximately 3,000 metres.
In December 2017, Aztec entered into an option agreement with Baroyeca Gold & Silver to acquire a 75% interest in their 172 hectare mineral property package, mostly patented claims, covering many of the historic silver-gold mining properties in the famous Tombstone mining district, Cochise County, Arizona. Baroyeca has advised Aztec that the TSXV requires Baroyeca shareholder approval of the option agreement, and such approval should be forthcoming following their next shareholder meeting.
Given the history of high-grade silver-gold mining in the Tombstone district, the carbonate replacement deposit-type related to potential buried intrusions and the lack of modern exploration on the properties, the Tombstone properties are an excellent addition to Aztec’s property portfolio. Management sees strong potential at Tombstone for the discovery of new shallow oxide and deeper sulphide precious and base metal mineralization near areas of historic underground and open cut mining, including the past-producing Contention Pit.
The Company is currently developing exploration plans for the Tombstone property for the first half of 2018, which will include geological mapping, geochemical sampling and geophysical surveys to prioritize targets for drilling.
Joey Wilkins, B.Sc., P.Geo., President and CEO of the Company, is the Qualified Person who reviewed and approved the technical disclosures in this news release.
About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large porphyry gold-copper deposits in the Americas. Our first project and core asset is the prospective Cervantes gold-copper property in Sonora, Mexico. The second project is the district-scale historic Tombstone properties in Cochise County, Arizona. Aztec’s shares trade on the TSX-V stock exchange under the symbol AZT and on the OTCQB under the symbol AZZTF.
