Aztec Minerals (AZT.V) has released the assay results of two step-out holes completed on its 77.7% owned Tombstone project in Arizona. Those two step-out holes were drilled towards the west of the current Contention Pit and encountered a broad zone of gold and silver mineralization with 103.6 meters of 0.59 g/t gold and 12.5 g/t silver (for a gold-equivalent grade of 0.75 g/t) and including a higher grade zone of 15.3 meters containing 3.11 g/t gold-equivalent fueled by an interval of 3.05 meters containing 11.06 g/t gold-equivalent in hole TR24-01 which now successfully drill-tested the westerly and down dip extension of the mineralization to depth and under the western pit wall.
The second hole that was drilled, TR24-02, encountered 149.4 meters of 0.30 g/t gold-equivalent consisting of 0.193 g/t gold and 8.34 g/t silver. And just like in the first hole, there was a higher grade zone in this interval as well with 7.6 meters of 1.80 g/t gold-equivalent including 1.65 g/t gold. The assay results seem to indicate the mineralization remains open towards the west (and at depth), and the new drill holes are adding additional volumes to the mineralized envelope. This bodes well for future resource calculations, and every additional data point to be delivered by the holes that still have to be released should add value to the project.
The company has now completed ten of the initially planned twelve Reverse Circulation drill holes at Tombstone but the JV management committee has approved an upsize to the drill program. Instead of completing 2,000 meters in twelve holes, the program has now been upscaled to 3,000 meters of drilling in approximately 18-20 drill holes.
Disclosure: The author has a long position in Aztec Minerals. Aztec is a sponsor of the website. Please read the disclaimer.
