Results are already starting to trickle in for the latest drill program undertaken by Aztec Minerals Corp (TSXV: AZT). The company this morning released assays on the first hole drilled under its ongoing phase two drill program at the Cervantes Project in Sonora, Mexico.
The first hole drilled under the program, CAL22-001, has intersected 1.1 g/t gold over 88.41 metres at the California target, including 1.56 g/t gold over 54.9 metres. The result expands known mineralization at the zone both at depth and to the north.
The drill program at the California target is being treat as a follow-up to a phase one program conducted between 2017 and 2018 at the zone. Two drill hole fences parallel to and on either side of the fence used in the prior drill program are currently being used. The zone as a whole is presently said to measure 800 metres long by 300 metres wide. Mineralization has been observed on a continuous basis to depths of 170 metres at the deposit, and remains open in all directions.
To date, 22 holes consisting of 4,164 metres in aggregate have been completed under the phase two program. A further three holes are slated to be completed at the Cervantes property. As a whole, the objective of the program is said to be to better define the open pit heap leach potential at California while testing the north and west extensions of the California zone at the California North and Jasper targets. The program is also assessing the potential for a breccia discovery at Purisma East.
Once drilling is completed, the firm intends to continue exploration at the Cervantes property via channel sampling and further geological mapping at California, California North, and Jasper.
Aztec Minerals last traded at $0.25 on the TSX Venture.
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