Aztec – Kootenay JV Intersects Broad, High-Grade Gold Mineralized Zone in First Hole of Phase 2 RC Drill Program at the Cervantes Project in Sonora, Mexico; Including 1.1 gpt Au over 88.4 metres
PO Box 10328 T: 604-685-9770
Suite 1130 – 609 Granville Street www.aztecminerals.com
Vancouver, BC V7Y 1G5
Aztec – Kootenay JV Intersects Broad, High-Grade Gold Mineralized
Zone in First Hole of Phase 2 RC Drill Program at the Cervantes Project
in Sonora, Mexico; Including 1.1 gpt Au over 88.4 metres
Vancouver, Canada – February 16, 2022 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announces
it has intersected a broad, high grade, gold mineralized zone in the first RC drill hole at the California target
on the Cervantes property located in Sonora, Mexico. Results for hole CAL22 -001 includes 88.41 metres
with grades of 1.1 gpt Au.
The primary focus of the Phase 2 RC drill program at Cervantes is to expand the previously drilled California
zone by completing two drill hole fences parallel to and on either side of the 2017-18 Phase 1 drill hole
fence. To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization
with minor copper oxides.
California Zone Drill Highlights
• 1.1 gpt Au over 88.41 m in mineralized quartz feldspar porphyry
o Including 1.56 gpt Au over 54.9 m
View drill section here:
Link to section view hole CAL22-001
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to
be widely distributed in disseminations, fractures and veinlets within a quartz-feldspar porphyry stock and
related hydrothermal breccias.
Aztec CEO, Simon Dyakowski commented, “After an approximate 4-year drilling hiatus at Cervantes, our
initial California zone drill results in 2022 have not disappointed. The first hole at California zone, where
we are targeting potential open pit heap leachable gold mineralization , has returned strong grades over
broad widths and has further expanded the gold mineralized zone, still open to the north.”
California 2022 RC Drill Program Plan Map
Hole CAL22-001 intersected extensive gold mineralization, see table below, extending the known
mineralized zone at depth and to the north. The area currently being drilled measures approximately 800
metres long by 300 metres wide, with demonstrated, continuous mineralization of up to 1 70 metres
depth. The porphyry gold-copper mineralization is still open in all directions.
Drill Hole From m To m Interval m* Au gpt Comments
CAL22-001 22.9 111.3 88.4 1.10
Including 22.9 77.7 54.9 1.56
30.5 54.9 24.4 2.815
230 Az, -60 30.5 36.6 6.1 7.44
The Aztec-Kootenay JV has completed the first 22 holes, totaling 4,164 metres to date, of the ongoing
5,000 metre, 25 -hole phase 2 reverse circulation (RC) drill program at the Cervantes Property. Drilling
commenced in December 2021. The first four RC drill holes were completed to test the previously
undrilled Purisima East target, where high grade gold mineralization was sampled in a glory hole along the
southern margin of a small felsic intrusion with coincident geochemical and geophysical anomalies.
Preliminary gold assays in these four holes exhibit anomalous but sub-economic gold grades.
The planned testing of the four main targets of the Cervantes phase 2 drilling program is nearly complete.
The primary objectives of the 2021 – 2022 phase 2 exploration program are to better define the open pit,
heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper
copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions
of the California mineralization at California North and Jasper, and assess the breccia potential of
Purisima East.
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are analyzed by
Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over
limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and
duplicates as part of the quality control program. The QA/QC has delivered excellent results to date good
data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold
and multielement geochemical analysis and additional gold results will be received and reported in the
next several weeks. Final multielement ICP results are expected to follow the release of the preliminary
gold assays and are expected to be received during the second quarter 2022.
After drilling concludes, Aztec will carry out channel sampling and geologic mapping of the new drill roads
at California, Cal ifornia Norte and Jasper, as well as to expand surface sampling and mapping on the
property in general to continue the 2021 phase 1 surface program.
Cervantes Property Highlights
Cervantes is a highly prospective porphyry gold -copper property located in southeastern Sonora state,
Mexico. The project lies 160 km east of Hermosillo, Sonora, Mexico within the prolific Laramide porphyry
copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo
Mexico). Cervantes also lies along an east-west trending gold belt 60 km west of the Mulatos epithermal
gold mine (Alamos Gold), 35 km northeast of the Osisko Development San Antonio gold mine, 45 km west
of the La India mine (Agnico Eagle), and 40 km northwest of Santana gold deposit (Minera Alamos). View:
Cervantes Project Location Map
• Large well-located property (3,649 hectares) with good infrastructure, road access, local town,
all private land, water wells on property, grid power nearby
• Seven prospective mineralized zones related to high level porphyries and breccias along an
7.0km east-northeast corridor with multiple intersecting northwest structures
• Distinct geophysical anomalies, California target marked by high magnetic and low resistivity
anomalies, high radiometric and chargeability anomalies responding to pervasive alteration
• Extensive gold mineralization at California zone, 118 soil samples average 0.44 gpt gold over 900
m by 600 m area, trench rock-channel samples up to 0.47 gpt gold over 222m
• Already drilled the first discovery hole at the California zone, interse cted gold oxide cap to a
classic gold-copper porphyry deposit, drill results up to 0.77 gpt gold over 160 m
• Excellent gold recoveries from preliminary metallurgical tests on drill core from California zone;
oxide gold recoveries in bottle roll tests range from 75% to 87%
• California geophysical anomaly wide open laterally and at depth, IP chargeability strengthens
and broadens to >500m depth over an area 1100 m by 1200 m
• Three-Dimensional IP Survey conducted in 2019 extends strong chargeability anomalies to the
southwest covering Estrella, Purisima East, and Purisima West, coinciding well with alteration and
Au-Cu-Mo soil geochemical anomalies, all undrilled.
Allen David Heyl , B.Sc., CPG., VP Exploration of Aztec, is the Qualified Person supervised the Cervantes
exploration program. Aztec is conducting reverse circulation drilling at Cervantes and collecting 5 feet
(1.52m) samples for all drill holes. All drill hole sample batches contain certified blanks, standards, and
duplicates as part of the quality control program. Mr. Heyl 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 the discovery of large
polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-
copper property in Sonora, Mexico. Aztec also has control of 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) a nd on the
OTCQB (symbol AZZTF).
Contact Information - For more information, please contact:
Simon Dyakowski, CEO or Bradford Cooke, Chairman
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: [email protected]
Website: www.aztecminerals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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.
Forward-Looking Statements:
Certain statements contained in this press release may constitute forward -looking statements under Canadia n securities
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or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. These
forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results
contemplated by the forward -looking statements. Factors that could cause actual results to differ materi ally from those in
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foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.