Aztec Minerals (AZT.V) has released an additional batch of drill results from its ongoing 3,000 meter drill program at Cervantes, and according to CEO Joey Wilkins, one of the three holes that have now been reported is the best hole the company has seen on the property.
And it’s tough to contradict this statement. With an interval of 160 meters (starting at surface) grading 0.77 g/t gold and 0.13% copper (as well as 3.5 g/t silver), this type of rock could be pretty valuable, especially considering the 76 meters starting at a depth of 4 meters contain in excess of 1 g/t gold. Whilst this appears to be a porphyry type of mineralization (as opposed to the ‘pure’ oxidized zones that are gold-dominant) and the oxidized layer is limited to just the first 24 meters at this hole, it’s clear Aztec Minerals’ Cervantes property appears to be very intriguing.
As Aztec has now reported the assay results on 11 holes, 6 more holes still have to be reported on, which we expect to happen in the next few weeks.
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The author has a long position in Aztec Minerals. Please read the disclaimer
