Live from Zurich, I speak with the President and CEO of Aztec Minerals, Simon Dyakowski, about their new drill campaign at their Cervantes gold-copper project.
Back in 2022, Aztec drilled 8,000 meters on top of prior drilling at Cervantes with about 11,000 meters over some 50 drill holes. This attracted the gold miner Alamos Gold, which operates a gold mine in the vicinity of Cervantes in Sonora Mexico.
Last month, Aztec commended a 12-hole program to step-out of the California-zone, which is the main zone of gold oxide mineralization.
We discuss open-pit gold operations and relate them to what potential of the Cervantes gold project's prospects as a future gold mine.
Dyakowski explains further:
The average in that part of the world in Nevada, Arizona, Sonora; you're looking at about a half-gram average and we've had our headline intersections have exceeded one gram and in fact, our headline haul was 137 meters at an average of 1.5 grams. So that's you know, a very good start for us, our average will probably come in a little bit less than a gram.
But we're right in that mold of an open pit bulk tonnage-style target and that is the intention of this program - is to really grow our the bulk tonnage aspect of it. It's all very shallow, it's really from the drill collar, and most of the drill holes, you're seeing the mineralization and the high grade is fairly shallow as well. It's a great start, but we have not hit the limits of the mineralization. And we think that there's a lot of upside still for our shareholders to garner simply from expansion drilling.
Aztec Minerals continues to progress the project forward with drill results pending.
Simon also shares insights into the famous Tombstone silver area in Southern California and the company's Tombstone project's potential for a CRD deposit.
To learn more about Aztec Minerals, including the Cervantes and Tombstone projects, please visit https://www.aztecminerals.com/
Please note, employees at GoldSeek and SilverSeek are long-term shareholders in Aztec Minerals.