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Aztec Minerals Expands Tombstone Drilling and Launches Geophysical Surveys

Story Highlights
  • Aztec Minerals is expanding Tombstone drilling and budget to target shallow oxide gold-silver zones.
  • New geophysical work and equity grants aim to refine deeper sulfide targets and align management incentives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aztec Minerals Expands Tombstone Drilling and Launches Geophysical Surveys

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The latest announcement is out from Aztec Minerals ( (TSE:AZT) ).

Aztec Minerals has expanded its ongoing drill program at the Tombstone Project in Arizona by an additional 4,500 meters of reverse circulation drilling, bringing the total planned program to roughly 17,000 meters and adding a C$1.7 million budget focused on shallow oxide gold-silver targets across multiple zones. The company has also launched downhole electromagnetic surveys on select core holes to refine targets for potential massive sulfide mineralization beneath the oxide system, and granted stock options and restricted share units to directors, officers and consultants under its equity incentive plan.

The Tombstone work aims to extend known near-surface mineralization around the historic Contention pit while gathering data that may support future drilling into deeper sulfide horizons historically mined to 300 meters, potentially enhancing the project’s resource potential and long-term development prospects. At the same time, the new equity awards further align management and key personnel with shareholder interests as the company advances exploration in a district that historically produced tens of millions of ounces of silver and significant gold.

More about Aztec Minerals

Aztec Minerals Corp. is a Canadian mineral exploration company focused on advancing its Tombstone Project in southeastern Arizona, where it holds an 85% interest in a joint venture covering much of the historic Tombstone silver district. The company targets shallow, bulk-tonnage, potentially heap-leachable gold-silver oxide mineralization near the historic Contention pit, with an eye to expanding into deeper sulfide zones in a prolific past-producing camp.

Average Trading Volume: 246,468

Technical Sentiment Signal: Buy

Current Market Cap: C$44.84M

See more insights into AZT stock on TipRanks’ Stock Analysis page.

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