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.