Aztec Continues to Sample Broad, High-Grade Gold & Silver Mineralization at the Tombstone Project in Arizona, including 1.97 gpt Au and 120.36 gpt Ag (3.47 gpt AuEq) over 60.0 meters
PO Box 10427 T: 604-685-9770
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Vancouver, British Columbia V7Y 1K4 www.aztecminerals.com
Aztec Continues to Sample Broad, High-Grade Gold & Silver
Mineralization at the Tombstone Project in Arizona, including 1.97 gpt
Au and 120.36 gpt Ag (3.47 gpt AuEq) over 60.0 meters
• 60.0 m continuous chip channel sampling averaging 3.47 gpt AuEq includes:
36.0 m of 2.86 gpt Au & 172.41 gpt Ag (5.02 gpt AuEq)
• Extends Wide High-Grade Gold and Silver Oxide Mineralization from
previous drilling to the surface
• Robust geological and assay data results support discovery potential down
dip and along strike of the mineralized zone
• Additional reconnaissance sample assay results are pending
Vancouver, Canada – July 2, 2024 - Aztec Minerals Corp. (AZT: TSX -V, OTCQB: AZZTF) (“Aztec” or the
“Company”) announces that the second batch of assay results the 2024 surface exploration program has
significantly extended the broad gold -silver mineralization footprint from the original dimensions of
2020-2023 drilling in and around the Contention Pit at the Tombstone project . The Tombstone project
covers most of the historic Tombstone silver mining district in southeastern Arizona.
Highlights:
• The latest Contention Pit channel sampling results further extend the presence of near-surface,
broad, high-grade gold and silver mineralization confirming Aztec’s drilling from 2020 to 2023.
• Select channel line interval highlights include:
o Line H: 60.0 m at 1.97 gpt Au and 120.36 gpt Ag (3.47 gpt AuEq) including 36.0 m 2.86
gpt Au and 172.41 gpt Ag at (5.02 gpt AuEq)
o Line G2: 45.6 meters at 0.40 gpt Au and 39.88 gpt Ag (0.89 gpt AuEq) including 12.0
meters of 0.67 gpt Au and 77.47 gpt Ag (1.64 gpt AuEq) and 2.0 meters of 2.17 gpt Au
and 97.90 gpt Ag (3.40 gpt AuEq)
o Line N: 49.5 m at 0.17 gpt Au and 14.14 gpt Ag (0.34 gpt AuEq)
• The channel sampling results provide key information to support expansion drilling on the
western portion of the Contention Pit targeting new mineralized gold and silver zones.
• This high-priority target area was historically reported as a target for open pit mining expansion
by previous operators. (see Figure 1).
• The recently acquire d knowledge of the mesothermal mineralization geological setting
indicates a high potential for further discovery of wide oxide Gold & Silver along strike and
down dip of prospective hosting rocks outcropping in the Contention Pit areas (see Figure 2)
• Additional reconnaissance sample assay results are pending.
Figure 1: Tombstone 2024 Channel Sampling from the sample Lot 2 with drill cross section
K (light green, Fig.2 below) and reported channel sampling lines and areas
Many of the high-grade gold-silver sample results from Lot 2 are located immediately adjacent to the
Westside target area and indicate the strong potential to expand into multiple zones of broad Au-Ag oxide
mineralization to the west. This second lot of sample results confirm and expand the first lot’s sample
results (please see news release dated June 24, 2024).
The results of the Channel Sampling Program, Lot 2, illustrated in Table 1, supports the presence of broad,
mesothermal, gold and silver oxidized mineralization and suggests the potential for further expansion of
the mineralization footprint in the host formations down dip and along strike, also demonstrating the
potential extensions towards the west of the historical Contention Pit
Table 1: Tombstone Contention Pit Channel Sampling Lot 2 Results*
Area Name Line Line Length
(m)
Avg Au
gpt Avg Ag gpt Avg AuEq
gpt
North End Main Pit E Wall F21 59.7 0.76 37.1 1.22
Including 2.0 2.07 163.7 4.12
Center Main Pit, E Wall G2 45.6 0.4 39.88 0.89
Including 12.0 0.67 77.47 1.64
2.0 2.17 97.90 3.40
Center Main Pit, W Wall H1 60.0 1.97 120.36 3.47
Including 36.0 2.86 172.41 5.02
South Pit SW End L1 31.6 0.6 21.68 0.87
Including 4.0 1.36 48.85 2.66
Center Main Pit, W Wall N1 49.5 0.17 14.14 0.34
Including 2.0 0.31 68.4 1.12
2.0 0.85 51 1.49
Area
South Pit E Wall A 64.9 x 14.9 m 0.23 48.13 0.84
Including 2.0m 0.11 499 6.35
2.0m 3.08 147.80 4.93
East of South Pit K 69.9 x 45.5m 0.16 6.39 0.24
SW of South Pit M 88.6.x 66.4m 0.12 10.67 0.25
Including 2.0m 0.81 103.3 2.11
1 Not a continuously sampled line
*Note the Table 1 results are weighted averages, not capped and may not be representative, only
indicative. AuEq Calculated using an 80:1 gold-silver ratio
Figure 2: Drilling Section K with AuEq intercepts and Channel Sampling from Lines G2 and H
2024 Exploration Program:
The primary objectives of the 2024 surface exploration program are to continue to expand and define the
shallow, open pit-table, oxidized gold/silver potential mineralization, and to also develop targeting for the
CRD mineralization historically demonstrated to be present at depth.
Aztec collected and analyzed (482) rock chip channel and recon naissance samples for multi -elements
including 422 mine -cut chip channel samples of 2 meters length each from the Contention pit with
accessible, visible coloration and/or alteration and 60 outcrop and waste rock storage site reconnaissance
composite and select samples over the rest of the project , including the Westside area , to expand and
enhance geochemical and geological knowledge throughout the Tombstone project exploration targeting.
The results of Lot 2 totaled 142 samples excluding the QAQC samples.
Aztec’s recent geological mapping at detailed scale (1:200) within the Contention pit and at
reconnaissance scale (1:2,000) over the surrounding property has identified attractive mesothermal broad
oxidized new mineralized zones. In the Contention pit mapping, recent detailed lithological, structural and
alteration mapping is proving crucial for definition of the extensions towards the Westside area.
Project data evaluation also continues to advance including the 3D modeling of the historic mine workings,
drilling and geologic data. Modeling the geochemistry including trends of Au -Ag mineralization will then
resume using the understandings gained on the multi -element relationships with Au -Ag, reviewing the
subsequent results to the geophysical data and the SWIR-Terraspec data, and other investigations.
Tombstone Project Overview
Aztec holds a 75% interest in the Tombstone Property Joint Venture, which includes most of the original
patented mining claims in the main district as well as some recently acquired properties.
The main target of the 2023 core drill program was to continue testing the shallow, bulk tonnage, heap
leachable, mesothermal gold -silver oxide mineralization adjacent and below the previously mined
Contention pit by infill and step-out drilling. Core drilling was needed in order to penetrate the multiple
historic workings and to acquire critical geological data. Future drilling is expected to focus on strike
and dip extensions of the shallow oxide mineralization, and move deeper to test for larger, deepe r
“Taylor-type” lead-zinc-silver CRD targets along and adjacent to the Contention structure.
The Tombstone project is located 100 kilometers (km) southeast of Tucson, Arizona and covers much of
the historic Tombstone silver district. Tombstone is renowned for its high grade, oxidized, silver -gold
mesothermal stringer lode veins, hydrothermal breccias and manto CRD orebodies that were mined in
the late 1800’s and early 1900’s. The historic silver production in the Tombstone district from 1878 to
1939 was estimated at 32 million ounces and 250,000 ounces of gold.
The district geology consists of a mix of shallow-level, oxidized Au-Ag and base metal deposits related to
CRD and skarns hosted in folded and thrusted sediments, intrusive dikes and lode veins, and as well the
under explored, sulfide versions located below the water table.
Host rocks to the mineralization are primarily the clastic sediments of the lowest portion of the Cretaceous
Bisbee Formation. Between 50 and 3 00 meters (m) in depth, the Bisbee is underlain by approximately
two kms thick of the same Paleozoic carbonate formations that host the 110 MT Hermosa -Taylor zinc-
lead-silver deposit of South32 located 60 km southwest of Tombstone.
Although the historic silver mines at Tombstone were generally small, Aztec believes they could be related
to much larger mesothermal and CRD orebodies below the old mines. Since 2017, Aztec has completed
geological mapping, geochemical sampling and geoph ysical surveying to identify the most prospective
areas for Au -Ag mineralization around and below the Contention open pit, and CRD zinc -lead-copper-
silver-gold mineralization below the entire district. Aztec management views the district as highly
prospective for the discovery of mesothermal and CRD orebodies.
Note: Gold equivalents are calculated using a 80:1 silver:gold ratio in 2020 , 2023 and 2024, and a 70:1
silver:gold ratio in 2021. Reported lengths are apparent widths, not true widths. The Contention Au -Ag
mineralization zones are generally west dipping at around 60 -80 degrees, associated with the quartz -
feldspar porphyry dikes. However, these dikes also extend as sills in shallow angles out from the
Contention fault along fold noses in the Bisbee clastic sediments so the full range of mineralization dips
vary from 20 to 80 degrees. True widths for the apparent mineralization intersection widths of the drill
holes approximately range from 50 to 100% of the apparent widths, with the norm for the mineralized
true widths being 60 to 90% of the apparent widths. Please see summary news releases dated: July 5,
2023, December 7, 2021, and January 12, 2021.
Summary Tombstone Project Highlights
• Well located property on patented (3 3) and unpatented (42) claims (4 52.02 hectares/1,116.94
acres), covers much of the historic Tombstone silver mining district, great infrastructure, local
town, road access, full services, water, power
• Historic silver district produced 32 million ounces of silver and 250,000 ounces of gold from 1878-
1939, in high grade, oxidized, silver -gold-lead-zinc-copper vein, breccia and CRD deposits, and
small open pit heap leach production in late 1980’s
• Drilling by Aztec in 2020 -23 has demonstrated that the Contention Pit target has significant ,
shallow. oxidized Au-Ag bulk tonnage mineralization which is open in all directions
• Multiple other prospective target s in Cretaceous and Paleozoic rocks related to major NW and
NNE trending structures hosting porphyritic intrusions crosscutting a possible caldera ring
structure
The following are highlights of recent drilling intersections supporting the conceptual exploration model
for mineralized footprint growth.
• TR21-22: 2.44 gpt Au and 66.56 gpt Ag (3.39 gpt AuEq) over 65.5m (including 16.80 gpt Au and
374.36 gpt Ag over 7.6m)
• TR21-03 - 5.71 gpt Au and 40.54 gpt Ag (6.28 gpt AuEq) over 32.0m
• TC 23-01: 3,477 gpt Ag over 1.52m from a zone of 733.9 gpt Ag over 7.6 m within 125 m of 1.63
gpt AuEq
• TR21-10: 1.39 gpt Au and 56.40 gpt Ag (2.20 gpt AuEq) over 96.0m
• TR21-13: 1.8 gpt Au and 36.9 gpt Ag (2.33 gpt AuEq) over 70.1 m
• TR21-17: 1.73 gpt Au and 56.20 gpt Ag (2.53 gpt AuEq) over 64.0m
• TR21-08: 2.09 gpt Au and 47.1 gpt Ag (2.76 gpt AuEq) over 39.6m
• Hole TC23–02 – 1.69 gpt gold and 29.07 gpt silver (2.03 gpt gold AuEq) over 45.3 m, including
10.1 m grading 6.63 gpt gold and 72.81 gpt silver (7.49 AuEq)
• TC23-05 – 2.816 gpt gold and 176.64 gpt silver (5.02 gpt AuEq) over 36.0 m, including 6.45 gpt
gold and 408.47 gpt silver (11.554 gpt AuEq) over 15.5 m
The company uses quality assurance -quality control as part of its sampling -assaying-assessments in
conjunction with its exploration sampling programs . Samples and their collection are controlled by an
industry standard conforming QAQC program including insertions of certified standards, blanks and
sample duplicates. The samples are being regularly shipped to and received by the Bureau Veritas
Minerals laboratory in Hermosillo, Mexico for geochemical analysis.
Core and RC drilling samples are continuously collected over 5-foot (1.52m) sample intervals from all drill
holes. The samples were analyzed for gold with a 30-gram sample size using the fire assay method FA430
followed by multi-element MA300, including silver. Over limits, when present, are analyzed by MA370 or
FA530. All holes contain certified blanks, standards, and duplicates as part of the quality control program.
Allen David Heyl, B.Sc., CPG., VP Exploration of Aztec, is the Qualified Person under NI43-101, supervised
the Tombstone exploration programs. Mr. Heyl has reviewed and approved the technical disclosures in
this news release.
“Simon Dyakowski”
Simon Dyakowski, Chief Executive Officer
Aztec Minerals Corp.
About Aztec Minerals – Aztec is a mineral exploration company focused on two emerging discoveries in
North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico.
The Tombstone project is an emerging gold-silver discovery with high grade CRD silver-lead-zinc potential
in southern Arizona. Aztec’s shares trade on the TSX -V stock exchange (symbol AZT) and on the OTCQB
(symbol AZZTF).
Contact Information - For more information, please contact:
Simon Dyakowski, President & CEO, Director
Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]
Website: www.aztecminerals.com
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibilit y for
the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein.
Forward-Looking Statements:
This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which
may include, without limitation, completing ongoing and planned work, statements relating to advancing the Tombstone Project,
drill and sampling results including additional potential work and results therefrom, the Company’s plans for its Tombstone
Project, potential for further expansi on of the mineralization at the Tombstone Project, expected results and outcomes, the
technical, financial and business prospects of the Company, its project and other matters . All statements in this news release,
other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-
looking statements. Although the Company believes the expectations expressed in such forward -looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially
from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding
present and future business strategies and the environment in which the Company will operate in the future, including the price
of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects
the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and
uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost
estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at
www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include,
but are not limited to, continued availability of capital and financing and general economic, market or business conditions,
adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure
to obtain or maintain community acceptance, decrease in the price of gold, silver and other metals, increase in costs, litigation,
and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-
looking statements or forward-looking information, except as required by law.