Aztec Minerals Intersects 0.71 gpt Gold over 139 m including 2.1 gpt over 20 m in Initial Drill Results from Cervantes Porphyry Gold 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 0.71 gpt Gold over 139 m including 2.1 gpt over 20 m
in Initial Drill Results from Cervantes Porphyry Gold Property, Sonora, Mexico
Vancouver, Canada – February 1 , 2018 - Aztec Minerals Corp. (AZT: TSX -V, OTCQB: AZZTF) has
intersected long intervals of porphyry g old (copper, silver) mineralization including shorter intervals of
high grade gold mineralization in the initial results of its Phase 1, 15 hole, 3,000 metre (m) drill program
at the Cervantes Project in Sonora State, Mexico.
Drilling Highlights Include:
139.0 m from surface grading 0.71 grams per tonne ( gpt) Au, including 2.10 gpt Au over 20.0 m
and 2.0m of 5.52 gpt Au in hole 17CER005 at the California zone
117.0 m from near surface grading 0.63 gpt Au, including 1.18 gpt Au over 43.0 m and 2.0m of
4.05 gpt Au, in hole 17CER003 at the California zone
Drill Results Table:
Hole
No.
From
(m)
To
(m)
Interval
(m)
Gold
(gpt)
Copper
(%)
Silver
(gpt)
1 15.8 42.5 26.7 anomalous
2 7 227 220 anomalous
3 2 119 117 0.63 0.09 2.7
incl. 46 89 43 1.18 0.16 5.5
also 46 48 2 5.52 0.21 4.3
4 2 56 51 0.19 0.06 2.3
incl. 34 38 4 0.16 0.12 2.6
5 0 139 139 0.71 0.10 2.1
incl. 34 110 76 0.79 0.15 2.7
also 26 46 20 2.10 0.16 1.9
also 40 42 2 4.05 0.16 2.3
Joey Wilkins, CEO of Aztec, commented: "These positive results from three of the first five drill holes of
our Phase 1 drill program confirm that the California zone has excellent bulk tonnage porphyry gold
(copper, silver) potential at Cervantes. Holes 3, 4 and 5 were drilled to test a small part of a large surface
geochemical gold anomaly on the hill that forms the California zone
(http://www.aztecminerals.com/_resources/Jan30_2018-DH-Map_Cerv_Final.jpg).
“As expected, we intersected gold oxide mineralization where the copper has been partially leached out
as well as mixed oxides-sulfides transitioning to sulfide mineralization at depth. The entire California zone
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
is underlain by a large, strong IP chargeability anomaly from 100 m depth down to at least 500 m that
could represent the heart of a porphyry gold (copper, silver) sulfide system.
“A total of 810 m were drilled in the first five holes, and we are currently drilling hole nine. Our first two
drill holes intersected anomalous but sub-economic copper-gold-molybdenum oxide mineralization from
top to bottom in the Jasper zone west of the California zone. The main focus of our remaining holes in
the Phase 1 drill program will be to systematically test the western half of the much larger California zone.”
Brief hole-by-hole descriptions follow below.
17CER001: Jasper zone – to test high grade oxide copper-gold mineralization near a north-south fault
0-15.85m Overburden
15.85-42.5m Polymictic Breccia composed of hornfels sediments and quartz feldspar porphyry,
hematite-goethite matrix filling. Hole was lost due to broken ground and fault gouge.
Assays range from trace up to 0.05 gpt gold, 0.09% copper, 6.10 gpt silver
17CER002: Jasper zone – 50 m north of Hole 1
0-7.0m Overburden
7.0-227.0m Polymictic Breccia , hematite to goethite matrix, disseminated and veinlet oxide s,
scattered minor copper oxides , moderate iron and manganese oxide s, locally silicified fragm ents and
matrix, minor chlorite, strong foliation and fracturing, also Quartz Feldspar Porphyry, Aplite Dike
Assays range from trace up to 0.72 gpt gold, 0.20% copper, 3.5 gpt silver, 0.018% molybdenum
17CER003: California zone – to test large, strong, oxide gold geochemical anomaly
0-202.0m Quartz Feldspar Porphyry (QFP) and Intrusive Breccia, strong hematite and goethite after
disseminated and veinlet sulphides up to 3% , abundant clay and sericite alteration, quartz veinlets and
silicification, locally brecciated to re-brecciated, some Fault Zones, terminated in Hornfels-Siltstone
Assays range from trace up to 5.52 gpt gold, 0.54% copper, 28.8 gpt silver
17CER004: California zone – weaker part of gold geochemical anomaly
0-194.0m QFP, goethite, hematite, quartz veinlets and silicification, manganese oxide, sparse
siderite, minor quartzite fragments , Faulted Zones and Intrusive Breccia, pyrite as matrix and
disseminated, partly oxidized to hematite and goethite, sericite, clay, silicified with quartz-calcite veinlets,
minor patches of Hornfels, Rhyolite, Aplite, terminated in Polymictic Breccia, Hornfels.
Assays range from trace up to 0.76 gpt gold, 0.12% copper, 4.70 gpt silver
17CER005: California zone – stronger part of gold geochemical anomaly
0.0-145.0m QFP, Intrusive Breccia, oxidized with goethite, minor abundant hematite, strong clay and
sericite alteration, minor quartz veinlets and silicification , sulphides up to 6%, some Fault Zones, strong
sericite-clay alteration , pyrite veins up to 7.0cm wide, some Polymictic Breccias and Hornfels, intense
alteration near contact with Diorite Dike, 10-15% pyrite, terminated in Polymictic Breccias, Hornfels
Assays range from trace up to 4.30 gpt gold, 0.70% copper, 7.6 gpt silver
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
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 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 Pro perty 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
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 the 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 and its op erations 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 specula tive nature of mineral exploration and
development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
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, estimated, as sessed 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. Accordingly, re aders should not
place undue reliance on forward-looking statements or information.