Aztec Minerals Reviews Highlights of 2019 and Provides Outlook for 2020
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
Aztec Minerals Reviews Highlights of 2019 and Provides Outlook for 2020
Vancouver, Canada – January 15, 2020 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) reviews the
highlights of its 2019 activities and provides its outlook for 2020 . Aztec holds a 65% interest in the
Cervantes porphyry gold -copper project in southeastern Sonora state, Mexico in joint venture with
Kootenay Silver, and has an option to acquire a 75% interest in the Tombstone epithermal and CRD silver-
gold project in southern Arizona from Baroyeca Gold and Silver.
Joey Wilkins, President and CEO of Aztec, commented, “Aztec had a productive year in 2019, galvanized
by our exploration successes at Cervantes and Tombstone. We were able to significantly advance several
new high priority porphyry gold-copper targets on the Cervantes properties and we refined our “Taylor”-
style carbonate replacement (CRD) silver-lead-zinc-copper-gold targets on the Tombstone properties. Our
main goals for the new year are t o secure the partners or financings we need to drill new discoveries in
2020.”
2019 Highlights
Cervantes Project
• Acquired a 65% interest in the Cervantes Project from Kootenay Silver by spending US$1.5 million
on exploration, paying US$150,000 and issuing 1,000,000 AZT shares by July 25, 2019
• Prior exploration work by Aztec from 2016 to 2018 focused on the successful delineation and drill
discovery of a near-surface gold oxide cap to the California porphyry gold-copper prospect
• Completed a 430-line kilometer airborne magnetic and radiometric survey which identified 11
prospect zones related to porphyry -type mineralization, including five top priority drill targets,
California, California North, Estrella, Purisima East and Purisima West
• Conducted a 23.1 line-kilometer, 3-dimensional IP-resistivity survey to extend coverage from the
California prospect to the southwest and identify chargeability anomalies at Estrella, Purisima
East, and Purisima West (final analysis is ongoing and news release of the final IP data is expected
in the next few weeks)
• Received excellent early stage bottle roll metallurgical results on 9 drill holes and 4 different
domain types that reported 88%, 85%, 78%, and 51% recoveries on 2 oxide composites, 1 mixed
composite, and 1 sulphide composite respectively
• Identified extensive sodic and alkalic alteration in drill core by thin section analysis and clear
geochemical correlation of gold with copper sulfide mineralization
Tombstone Project
• Prior exploration work by Aztec in 2017 and 2018 included compilation of historic data for this
famous silver mining district, geological and structural mapping, soil and rock sampling, trenching
and aeromagnetic surveying to confirm potential for bulk tonnage epithermal silver -gold near
surface and CRD silver-lead-zinc-copper-gold CRD mineralization at depth
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
• Refined results for the Tombstone UVA aeromagnetic survey which accentuate d north-trending
dikes crossing the property and highlighted the Contention structure as a potential feeder zone
for CRD mineralization
• Identified a northwest -trending subtle magnetic feature interpreted to represent a possible
buried intrusion
• Conducted additional mapping and sampling of a newly discovered gold-bearing felsic intrusion
west of the Contention Pit which returned two rock samples assaying 12.5 and 12.3 g/t Au
Corporate
• Appointed Marc Prefontaine, David Jones and Andy Bowering to a newly formed Advisory Board
• Closed an over-subscribed private placement for CAD$468,000 in July
2020 Outlook
• Finalize the Joint Venture Agreement with Kootenay Silver in January
• Conduct an AMT (audiomagnetotellurics) geophysical survey over high priority CRD targets at
Tombstone in Q1
• Secure a senior partner for Cervantes in order to conduct an aggressive exploration program to
advance both near surface oxide gold mineralization and deeper porphyry gold-copper targets
• Extend detailed geologic, structural, and alteration mapping on Purisima West, Estrella, Jacobo,
Brazil, and other targets at Cervantes
• Plan and permit a substantial RC drilling program on the California and Purisima targets
• Plan and permit an initial core drill program to target CRD (carbonate replacement deposits) lead-
zinc-silver-copper-gold mineralization in Paleozoic limestone at Tombstone
• Seek additional opportunities in safe jurisdictions within the Americas where our focus will be on
projects with high quality bulk tonnage gold+/-copper+/-silver potential
Joey Wilkins, B.Sc., P.Geo., is the Qualified Person who reviewed and approved the technical disclosures
in this news release.
About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large gold-
copper deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper
property in Sonora, Mexico. The historic, district-scale Tombstone properties host both bulk tonnage
epithermal gold-silver as well as CRD silver -lead-zinc mineralization in Cochise County, 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:
Joey Wilkins, President and CEO
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 inclu de but are not limited to statements regarding Aztec’ s anticipated
performance in 2020 and the future, including the Cervantes Joint Venture and exercise of the 3rd option on Tombstone property,
the planned exploration activities, receipt of assay results from drilling, the completion of further drilling and exploration work,
and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to updat e
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 operatio ns 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 n ature 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, esti mated, 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. Accord ingly, readers should not
place undue reliance on forward-looking statements or information.