Aztec Minerals (AZT.V) released the assay results from five more reverse circulation drill holes on its Tombstone project last week. All holes intersected mineralization but hole TR26-18 and -19 clearly stood out. In hole TR26-18, the drill bit encountered 53 meters of 0.775 g/t gold and just over 1 ounce of silver per tonne of rock, for a gold-equivalent grade of just under 1.36 g/t. The additional bonus is that the mineralization started at surface, while there also was a higher grade component of 18.2 meters containing 3.35 g/t AuEq starting at less than 26 meters down-hole.
Hole 19 was also quite successful with 66.9 meters containing 1.472 g/t gold-equivalent with the mineralization starting at just under 14 meters down-hole. This hole also contains a higher grade component of 27.4 meters of 2.31 g/t gold and 43.2 g/t silver for a total gold-equivalent grade of 3.10 g/t.
Holes 15-16-17 also contained mineralization and it is very encouraging to see almost 122 meters of 0.50 g/t gold-equivalent in hole 17. Holes 15 and 16 were also mineralized but did not contain the excellent grades encountered in 18 & 19 although the 89.8 meters of 0.423 g/t AuEq in hole 16 deserves to be mentioned.
Cash-rich Aztec Minerals is aggressively advancing its Tombstone project to a maiden resource estimate which should be put together at the completion of the current 17,000 meter drill program. Aztec has now completed 70 RC holes and 8 core holes, and we can expect more assay results to be released over the coming weeks and months.
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.
