Exploration is underway at Aztec Minerals’ (TSXV: AZT) Tombstone Project in Arizona. The latest program will focus on the Contention open pit silver-gold target at the project, where the company is focused on expanding known oxide silver-gold mineralization both in width and at depth.
The exploration program, which was announced at the end of January, is set to consist of ten holes that will be drilled across an aggregate 2,250 metres as a continuation of a program conducted in 2020-21. That program saw all 44 drill holes intersect shallow oxidized gold-silver over substantial widths, with several ending in mineralization.
READ: Aztec Minerals To Drill Test Tombstone Project In First Quarter Of 2023
The ten holes are set to be drilled as step-outs along the 900 metre length of the pit, with each hole to be drilled to a depth of 225 metres. The goal is to test at the depth of the water table and below the current known Contention system across both its width and length. Previously, drilling terminated above the water table.
In addition to drilling, the company will be conducting Terraspec analysis of the core, examining multi-element results, update drilling data into its Leapfrog model, and conduct detailed mapping of the open pit. The company is also to possibly conduct seismic geophysics and may potential conduct a revised resource estimate.
WATCH: What’s Next for Gold? – With Simon Dyakowski
“We and our partners are excited to be commencing our first pass of core drilling in the high-grade heart of the famous Tombstone Silver Mining District in Southeast Arizona. The program underway is testing an expansion of mineralization at depth and laterally in the Contention open pit and following up on the impressive high grade, oxide, gold and silver intersections of our 2020-2021 shallow RC drilling campaigns,” commented CEO Simon Dyakowski on the results.
Aztec Minerals last traded at $0.255 on the TSX Venture.
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