Aztec to Resume Drilling at the Tombstone Gold-Silver District in Southeastern Arizona

VANCOUVER, BC / ACCESSWIRE / January 30, 2023 / Aztec Minerals Corp. (AZT:TSX-V)(OTCQB:AZZTF), announces plans to resume drilling at the Contention open pit gold-silver target in the famous Tombstone Silver Mining District located in southeastern Arizona early this year. The planned 2,500m core drilling program is expected to be a continuation of the prior, very successful, 2020-21 Reverse Circulation ("RC") drill programs, and will be focused on expanding the oxide gold-silver (Au-Ag) mineralization in width and to depth. Every one of the 44 drill holes in 2020-21 programs intersected shallow oxidized Au-Ag mineralization over substantial widths, several drill holes encountered visible gold, and all drill holes bottomed in mineralization, indicating the main mineralized zones are still open to depth as well as laterally. Aztec holds a 75% JV interest in the Tombstone property which includes many of the original patented mining claims in the district. View: Tombstone Property Location Map

Aztec Minerals CEO Simon Dyakowski commented, "At a time of sustained resurgence in precious metals prices and investor sentiment, Aztec is well-positioned to drill expansion targets in the high-grade heart of the famous Tombstone Silver Mining District in Southeast Arizona. 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."

The planned drilling program was designed with data obtained from surveys and modelling completed over 2022, following the conclusion of Aztec's previous RC drilling program in late 2021. Aztec has recently completed an ortho-topo drone survey to construct detailed maps, surveyed all drill hole collars from 2020-21, sampled for Terraspec alteration analysis half of the North Contention pit, completed Terraspec analysis on all the 2020-21 RC chips, and advanced the construction of a wire-frame 3-D Leapfrog model of the historic, extensive, underground mine workings, with drilling, mineralization, geology, alteration, geophysics, and multi-element geochemistry.