Aztec Minerals (AZT.V) has released the assay results from three additional holes drilled on its Tombstone project in Arizona.
All three holes reported mineralization but it goes without saying hole TR25-17 was the most impressive hole with an interval of 36.5 meters containing 8.14 g/t gold and almost 50 g/t silver. This included an even higher grade interval of 4.6 meters containing 58.5 g/t gold and 158 g/t silver, but even if you would isolate that 4.6 meter interval, the remaining 31.9 meters still had an average grade of almost 0.9 g/t gold, a great that represents a multiple of the cutoff grades typically used for Nevada or Arizona based oxide gold projects.
As shown above, all three holes intersected mineralization and holes 17a with 18.2 meters of 0.58 g/t gold and hole 16 with 50.2 meters containing 0.68 g/t gold (as well as almost 43 g/t silver) deserve an honorable mention.
Aztec Minerals has now completed 29 Reverse Circulation holes on a ‘fan grid pattern’, with most of the RC holes oriented to test for extensions on the western and eastern borders of the Contention Area while other areas such as the southern extension and below the Contention pit were and will be drill-tested. The assay results of an additional 16 holes are still pending, and we expect Aztec to continue to release drill results throughout the next few months.
Aztec is well-funded as it recently closed a C$10M warrant-free bought deal placement priced at C$0.235 per share.
Disclosure: The author has a long position in Aztec Minerals. Aztec is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
