Monday, October 6, 2025

Latest

Aztec Minerals To Drill Test Tombstone Project In First Quarter Of 2023

Exploration at Aztec Minerals (TSXV: AZT) Tombstone property in Arizona is set to resume in 2023. The firm this morning indicated that it will be conducting a drill program to follow up on the results from the 2020-2021 program.

Drilling is set to consist of a 2,500 metre program, which is expected to amount to 10 – 12 holes each drilled to a depth of approximately 225 metres. Drilling is set to focus on stepping out from the Contention pit to the east and west, while also expanding the pit at depth. Aztec is currently focused on expanding the volume of known gold-silver mineralization at the project.

“Core drilling will test an expansion of mineralization at depth and laterally in the Contention open pit and follow up on the impressive high grade, oxide, gold and silver intersections of our 2020-2021 shallow RC drilling campaigns. The core drilling program will add valuable data to our existing RC drillhole database as we advance the shallow gold-silver mineralized Contention zone toward a maiden 43-101 compliant resource estimate,” commented Aztec CEO Simon Dyakowski.

WATCH: What’s Next for Gold? – With Simon Dyakowski

The Tombstone project is currently targeting shallow, bulk tonnage, heap leachable-type mineralization of gold and silver oxides, while concurrently search for sub-water table extensions beyond a depth of 200 metres. The company currently views the project as having the potential for a mineralized porphyry-type deposit as a source of the mineralization.

Drilling is currently slated to occur in the first quarter of 2023, and is expected to last roughly two months. Following drilling, Aztec intends to conduct detailed mapping of the Contention Open Pit, and examine the use of geophysics for the project. The company also said the potential exists to conduct a resource estimate.

READ: Aztec Minerals To Conduct 26 Hole Drill Program At Cervantes

The announcement follows a similar development two weeks ago, when the company indicated that it will be conducting a 26 hole, 4,000 metre drill program at the Cervantes project in Mexico. The goal of that program is to expand the California and California Norte targets.

Aztec Minerals last traded at $0.30 on the TSX Venture.


FULL DISCLOSURE: Aztec Minerals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Aztec Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Aztec Minerals, Endeavour Silver See Founder And Chair Bradford Cooke Pass Away

Another force to be reckoned with in the Canadian junior markets has passed away. Bradford...

Friday, August 19, 2022, 09:27:21 AM

Arizona: A Resurgence of Gold Exploration

Arizona has a history of mining extending back to the 18th century. The Spanish, who...

Saturday, October 17, 2020, 08:30:00 AM

Aztec Minerals Sees Alamos Gold Take 9.9% Stake In Company

Aztec Minerals (TSXV: AZT) is set to have a new strategic investor. The company announced...

Monday, May 16, 2022, 11:30:01 AM

Aztec Minerals Hits 88.41 Metres Of 1.1 g/t Gold In First Drill Hole At Cervantes

Results are already starting to trickle in for the latest drill program undertaken by Aztec...

Wednesday, February 16, 2022, 08:48:41 AM

Aztec Minerals Sees 5,000 Metre Drill Program Get Underway At Cervantes Gold-Copper Project

Aztec Minerals (TSXV: AZT) has begun a drill program at its Cervantes gold-copper project located...

Tuesday, December 14, 2021, 08:44:48 AM