Aztec Minerals (TSXV: AZT) has completed its phase three drill program at the Cervantes Project, found in Sonora, Mexico. The program consisted of a total of eleven holes, drilled 2,515 metres in aggregate.
In addition to completing the program, the firm this morning also released assay results on the first three holes conducted under the program. Highlights from the results include:
- CAL22-022: 9.0 metres of 1.72 g/t gold, 16.5 metres of 0.34 g/t gold
- CAL22-023: 26.7 metres of 0.54 g/t gold, and 7.5 metres of 0.43 g/t gold
- CAL22-024: 46.5 metres of 0.44 g/t gold, and 5.65 metres of 0.25 g/t gold
“After the successful RC drilling program earlier this year, the follow-up core drilling at California and nearby targets has successfully expanded the area of known gold mineralization. The first drill holes at California and California North zones have appreciably closed the 350 meter gap to 240 meters in the North between gold mineralized drill holes to where we are potentially seeing the two target’s mineralization converging,” said Aztec’s CEO Simon Dyakowski.
WATCH: What’s Next for Gold? – With Simon Dyakowski
The program conducted was focused on the California, California North, and Jasper targets, with the primary goal being the expansion of the targets, as well as to expand the understanding of the geology and collect samples for metallurgical testing.
Drilling conducted at the California target has increased the known mineralization to an area that measures 800 metres by 730 metres wide, with mineralization said to be continuous to a depth of 170 metres, and remains open in all directions.
With drilling complete, the company intends to continue channel sample and conduct geologic mapping of the new drill roads at the three targets, continuing a phase one surface program.
Aztec Minerals last traded at $0.255 on the TSX Venture.
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