Bonanza Grade Silver Intersected At Tombstone Property Southern Extension Target

VANCOUVER - Aztec Minerals Corp. reported the intersection of Bonanza-grade silver results from step out drilling in the Southern Extension target of the Tombstone Property in Southeastern Arizona.

Bonanza grade Silver Intersection of 7,269 gpt AgEq (233.7 opt AgEq – 3,669 gpt Ag, 44.7 gpt Au) over 1.52 m, within a zone of 569 gpt AgEq (18.3 opt AgEq – 290 gpt Ag, 3.48 gpt Au) over 25.8 m, is the highest silver grade encountered in drilling to-date by Aztec at the Tombstone Project. The intercept was in TR24-16 in the South Extension of the Contention pit and intersected multiple zones of oxide Ag-Au mineralization including 106.4m of 147.9 gpt AgEq (1.85 gpt AuEq – 0.90 gpt Au and 76.2 gpt Ag). The TR24-16 bonanza intercept is located along the general Contention Pit trend 439 m SSW from the prior bonanza intercept in TC23-01 (3,477 gpt silver and 0.12 gpt gold (3,485.1 gpt AgEq) over 1.52 m. The deep oxidation, alteration and mineralization of TR24-16 supports the concept that the large AMT anomaly further down may be mineralized. The 2024 RC drilling program has concluded, and the oxide Ag-Au mineralization remains open on all sides.

Contention South Extension and Westside Area Drilling Results: 1) TR24-16 in the South Extension Area intersected 106.4m of 147.9 gpt AgEq (76.23 gpt Ag and 0.896 gpt Au) including a bonanza 1.5m intercept of 7,269 gpt AgEq (3,669 gpt Ag and 44.7 gpt Au) within a zone of 569 gpt AgEq (18.3 opt AgEq) over 25.8 m, then 22.9m of 8.61 gpt AgEq (0.029 gpt Au and 6.29 gpt Ag, and then 12.2m of 8.38 gpt AgEq (0.029 gpt Au and 6.29 gpt Ag). 2) TR24-17 in the South Extension Area intersected 22.9m at72.86 gpt AgEq (32.98 gpt Ag and 0.499 gpt Au), 25.9m at 17.66 gpt AgEq (13.62 gpt Ag and 0.051 gpt Au) and finished the drill hole in 13.7m at 24.72 gpt AgEq (16.23 gpt Ag and 0.106 gpt Au). 3) TR24-15 in the Westside Area’s Tribute mine intersected 12.2m at 15.39 gpt AgEq (11.52 gpt Ag and 0.048 gpt Au) and then 25.9m at 31.82 gpt AgEq (19.48 gpt Ag and 0.154 gpt Au).

The successful drilling of TR24-16 and TR24-17 in the Southern Extension of the Contention pit has confirmed the geologic model for that portion of the Contention pit and has upgraded it as a priority for future exploration.  The southern end of the Contention system has yet to be defined.  The importance of the Qfp dike bodies acting as conduits for the hydrothermal breccias and quartz veinlets was affirmed again.  The Qfp dike bodies appear to have variations in thickness and mineralization plunging to the West.  Of importance as well was discovering the strong oxidation and mineralization in TR24-16 continued to the drill hole’s end at 265.3 m (229.7 m vertical) well under the eastern edge of the pit. The key limestone marker beds of the project were not intercepted in TR24-16 east of the Contention fault system and this suggests at least 70 m of down drop on the east side of the Contention fault system.  The deep oxidation, alteration and mineralization of TR24-16 to its end supports the concept that the large AMT anomaly further down may be mineralized.

The drilling of TR24-24 and TR24-15 continued to demonstrate that the Westside Area has oxide precious metal mineralization distributed widely within it.  It is a large area mostly under cover and it is primarily Lower Bisbee formation Cretaceous sediments overlying the thick Paleozoic carbonates with complex structure.  These sediments host the extensive CRD deposits of the Hermosa and Bisbee districts and the exploration continues to provide indications of CRD mineralization at depth.

CEO, Simon Dyakowski, said, “The bonanza grade silver intersection drilled in TR24-16 demonstrates the continued discovery of high-grade precious metal mineralization that the historic Tombstone Silver District is famous for.  This spectacular intersection of 7,269 gpt Silver Equivalent over 1.5m is situated nearly 450m south of our previous highest grade silver drill intersection of TC23-01 which was 3,485 gpt Silver Equivalent over the same width.  The impressive width of the intercepted strong mineralization zone south of the primary Contention zone, in combination with the depth of oxidation, as well as its situation above the deep CRD target identified by geophysics, add a significant and exciting new dynamic to the project’s overall potential.”