Aztec Minerals (TSXV: AZT) this morning released to the public a brief review of its accomplishments in 2021, as well as what it has planned for 2022. The firm currently is focused on its Cervantes gold-copper project located in Sonora, Mexico, as well as its Tombstone silver project in Arizona.
In terms of highlights at Tombstone, the company took a 75% stake in the project with Tombstone Partners, while expanding the total property to 1,073 acres. The property over the course of the year saw a total of 2,716 metres of drilling conducted, which ultimately expanded mineralization both around and below the current pit model on the property.
Highlights from that drill program include 16.8 g/t gold and 374.4 g/t silver over 7.6 metres. Looking to 2022, the firm intends to continue drilling out the property, with both infill and step-out drilling planned at the Contention Pit, while CRD targets will also be targeted at deeper depths on the property.
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Cervantes meanwhile saw the completion of a phase one exploration program on the property, which saw the expansion and definition of three targets, with an additional target discovered. Sampling across the property saw a total of ten samples return values higher than 1.0 g/t gold, with the highest being 21.3 g/t gold.
Exploration remains ongoing at Cervantes, with a 5,000 metre drill program currently underway that is focused on four targets. 14 holes will target infill and step-out drilling at the California target, with an additional two holes will be drilled to a depth of 500 metres to test a strong IP anomaly. Six to eight additional holes meanwhile will be spread across three other targets on the property, focused on testing soil geochemical anomalies.
“Having successfully recommenced exploration at Cervantes in 2021, our goals in 2022 are to continue with our recently commenced RC drilling program to work toward advancing the project to an initial open pit resource estimate and elevate the profile of the project in a region that has both porphyry copper and heap leach gold production in Mexico. Our main goals at Tombstone for the new year are to conduct infill and step out core drilling at the Contention Pit, and to test deeper high grade polymetallic CRD targets underlying the Tombstone property,” commented CEO Simon Dyakowski.
Aztec Minerals last traded at $0.24 on the TSX Venture.
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