Aztec reported the final Phase I drill results for its Tombstone Project in Southeastern Arizona. The final 5 drill holes from its 21-hole (2,993m) Phase I RC drill program. Significant gold and silver intercepts were encountered, expanding mineralization North & South of the Central drill pattern. Mineralization was intersected in all five drill holes. Highlights from this press release include;
- 7.62m @ 4.18 g/t Au and 174 g/t Ag
- 22.86m @ 1.74 g/t Au and 56.1 g/t Ag
- 140.21m @ 0.38 g/t Au and 19.3 g/t Ag
- 82.30m @ 0.74 g/t Au and 23.80 g/t Ag
- 32m @ 1.40 g/t Au and 55.20 g/t Ag
- 24.38m @ 0.89 g/t Au and 11.50 g/t Ag
- 4.57m @ 1.89 g/t Au and 143.2 g/t Ag
The shallow oxide gold-silver mineralization encountered in Aztec's Phase 1 drill results along the Contention pit include some of the highest-grade gold and silver intervals found to-date at Tombstone. Combined with broad intervals of low to moderate grade gold and silver mineralization, Aztec now has the confidence to target a potential shallow, bulk tonnage oxide resource with further drilling.
There are two parts to the Tombstone project, the contention pit and surrounding near-surface mineralization, which is currently the focus. There is also the potential for a CRD deposit, which would require deeper drilling. The hope is that this project shares the geological characteristics of the world-class Taylor deposit acquired by South 32 a couple of years ago.
About the author
Chief Mining Analyst with GoldSeek.com and SilverSeek.com. Author of the Gold Seeker Report weekly newsletter and analyst at the 24K Gold Fund. Previously he was the Senior Mining Equity and Economic Analysis at The Morgan Report. He was a Co-Founder and Director of Lemuria Royalties, before it was acquired in March 2018. He also co-authored The Silver Manifesto with David Morgan in 2015.
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