Aztec Minerals Intersects 0.60 gpt Gold over 122m including 0.88 gpt over 62m in Second Set of Drill Results from Cervantes Property, Sonora, Mexico
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
Aztec Minerals Intersects 0.60 gpt Gold over 122m including 0.88 gpt over 62m
in Second Set of Drill Results from Cervantes Property, Sonora, Mexico
Vancouver, Canada – February 27, 2018 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) reports long
intervals of porphyry g old (copper, silver) mineralization including shorter intervals of higher grade gold
mineralization in the second set of drill results from its Phase 1, 15 hole, 3,000 metre (m) drill program at
the Cervantes Project in Sonora, Mexico. The first set of drill results were released on February 1, 2018.
Drilling Highlights Include:
122.0 m from surface grading 0.60 grams per tonne ( gpt) Au, including 0.88 gpt Au over 62.0 m
in hole 18CER007 at the California zone, sample range 0.09 to 2.80 gpt Au, all 2.0 m samples
170.0 m from surface grading 0.42 gpt Au, including 0.87 gpt Au over 32.0 m in hole 18CER006 at
the California zone, sample range of <0.005 to 2.81 gpt Au, all 2.0 m samples
See map here
Drill Results Table:
Hole
No.
From
(m)
To
(m)
Interval
(m)
Gold
(gpt)
Copper
(%)
Silver
(gpt)
6 0 170 170 0.42 0.05 1.9
incl. 122 154 32 0.87 0.06 2.3
7 0 122 122 0.60 0.06 1.8
incl. 20 82 62 0.88 0.06 1.7
8 * 0 28 28 0.35 0.04 1.8
* Hole 008 was lost at 28m due to mechanical failure and drilled on the same pad as 007 a t a steeper angle . Hole
007 was lost at 128.5m due to mechanical failure and broken ground.
Drill holes to date were oriented to cross the most prominent structures seen in outcrops so core lengths reflect
approximately the interpreted true width of the California zone mineralization but additional drilling is needed to
provide a definitive true width
Joey Wilkins, CEO of Aztec, commented: "The first eight drill holes have tested about half of the 750 m
long, +0.5 gpt gold soil anomaly at California. Mineralization intersected to date starts at surface in most
holes and averages more than 100 m thick.
“This Phase 1 drill program is focused on defining oxide gold mineralization in the upper 200 m. A total of
1179 m have been drilled to date in the first eight holes. Poor performance by the initial drill contractor
prompted Aztec to change to a new drilling contractor during the first half of February so the next batch
of drill results will be in March.”
Brief hole-by-hole descriptions follow below.
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
18CER006: California Zone—stronger part of gold geochemical anomaly
0-203.0m Mainly Intrusive and minor tectonic breccias, with QFP and sedimentary fragments,
oxidized to goethite and hematite, altered to sericite and clay, silicified with periodic quartz veinlets or
stockworks, weak siderite and calcite, sparse manganese oxides, minor patches of residual pyrite, sulphide
content trace to 3%, QFP and brecciated intrusive below 140m includes quartzite and siltstone fragments,
minor chlorite with sericite and silicification. Assays range trace to 2.81 gpt gold, 0.17% copper, 8.3 gpt
silver
18CER007: California Zone—stronger part of gold geochemical anomaly
0-129.5m QFP with breccia and diorite dyke towards bottom of hole, strong hematite and goethite
throughout, quartz veining and veinlets, silicification and sericite alteration, clays to local chlorite,
occasional patches of pyrite and chalcocite
18CER008: California Zone—stronger part of gold geochemical anomaly
0-28.0m QFP, silicified and sericitized, goethite and hematite, local disseminated coarse grained
pyrite, scattered quartz veinlets.
Joey Wilkins, B.Sc., P.Geo., President and CEO of the Company, is the Qualified Person who reviewed and
approved the technical disclosure s in this news release. All core samples were split in half, placed into
plastic bags, labeled with sample number, closed with zip ties, and placed in rice sacks. Samples were
typically collected in 2.0m intervals with occasional exceptions of 1.5 or 3.0m intervals. Blanks, duplicates,
and 3 certified standards were inserted into the sample stream and subsequently reviewed without any
outliers or abnormal results. The samples were delivered to Bureau Veritas Laboratories in Hermosillo and
analyzed for gold using a 30gram sample by fire assay fusion with AAS finish. Samples were shipped to
Vancouver and analyzed with a 0.25gram sample using 4-acid ICP-MS providing analysis on 45 elements.
The Cervantes Property is held under an option to purchase agreement with Kootenay Silver Inc. (TSX -
V:KTN) whereby Aztec can acquire up to 100% interest in the property in two stages. Additional
information can be found on our website.
About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large porphyry
gold-copper deposits in the Americas. Our first project and core asset is the prospective Cervantes gold -
copper property in Sonora, Mexico. The second project is the district-scale historic Tombstone properties
in Cochise County, Arizona. Aztec’s shares trade on the TSX -V stock exchange under the symbol AZT and
on the OTCQB under the symbol AZZTF.
Contact Information - For more information, please contact:
Neil MacRae, Vice President, Investor Relations
Tel: (604) 685-9770
Fax: (604) 685-9744
Email: [email protected]
Website: www.aztecminerals.com
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility 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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward -looking statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward -looking information” within the meaning of applicable Canadian securities legislation. Such
forward-looking statements and information herein include but are not limited to statements regarding Aztec’ s anticipated
performance in 2018 and the future, including receipt of regulatory approval of the Option Agreement, the exercise of the option
on the Tombstone properties, the planned exploration activities on the Cervantes and Tombstone properties, receipt of assay
results from drilling on t he Cervantes property, the completion of further drilling on the Cervantes property, and the timing and
results of various activities. The Company does not intend to, and does not assume any obligation to update such forward-looking
statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Aztec an d its operations to be materially different from those
expressed or implied by such statements. Such factors include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks
due to precious and base metals prices, operating or technical difficulties in mineral exploration, development and mining
activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and
development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.
Forward-looking statements are based on assumptions management believes to be reasonabl e, including but not limited to the
continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities,
and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward -looking statements or information, there may be
other factors that cause results to be materially different from those anticipated, described, estim ated, assessed or intended.
There can be no assurance that any forward -looking statements or information will prove to be accurate as actual results and
future events could differ materially from those anticipated in such statements or information. Accordi ngly, readers should not
place undue reliance on forward-looking statements or information.