After Aztec Minerals (AZT: TSX-V, OTCQB: AZZTF) commenced drilling at Tombstone in Arizona at the end of February, the first result came in on April 26, 2023, and it was pretty spectacular. As the company was drilling for oxidized gold in order to expand the mineralized envelope, estimated by me at about 600koz Au, high grade gold was also hit in first hole TC23-01, generating 125m @ 0.577g/t Au and 72g/t Ag from 53.3m depth, including an impressive 7.65m @ 733.92g/t Ag, which included an excellent 1.52m @ 3,477g/t Ag from 126.5m depth (residual grade of 54g/t Ag).
Despite further increasing inflation, an ongoing Russia-Ukraine conflict which also creates food supply chain issues nowadays across the globe, slowing down economic growth in China but shortages for numerous commodities and products still growing or at high levels, and on top of this the stock markets looking at the central banks, especially the Federal Reserve regarding rate hike policies, Aztec Minerals Corp.
Just after releasing intriguing drill results at Cervantes, Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) announced a C$3M non-brokered private placement with Alamos Gold, which can be called intriguing for sure as well. Alamas Gold is operating Mulatos, one of the largest heap leach gold mines in Mexico, not that far away from Cervantes.
Although the stockmarkets are under increasing pressure by sky high inflation, commodity shortages, decreasing economic demand and a desperate Federal Reserve that is looking to raise interest rates at record speeds, Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) keeps drilling diligently at their majority owned and operated (65/35 JV with Kootenay Silver) Cervantes gold project in Sonora, Mexico.
After drilling a stellar intercept of 136.8m @ 1.49g/t Au three weeks ago from the California Zone at their majority owned and operated (65/35 JV with Kootenay Silver) Cervantes gold project in Sonora, Mexico, Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) continues to publish more goodies, this time somewhat more normal highlights of 138.3m @ 0.58g/t Au and 54.7m @ 0.88g/t Au.
After completing the first 26 holes of their Phase 2 RC drill program at the California target, part of their Cervantes gold-copper project in Sonora, Mexico on January 26, 2022, Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) doesn’t seem to suffer a lot from the common and extensive lab delays, and continues to release excellent drill results after the first hole was returned just over a week ago.
Some of the most interesting juniors are the ones that already have sufficient, solid drill results to delineate a very decent NI43-101 resource, but can grow them even larger, and have flown under the radar for a long time while quietly completing their drill programs.