At a time where sentiment seems to be turning into risk-off, with the markets contemplating whether the Fed options for a 50 basis points rate hike instead of the earlier telegraphed 25p raise as the latest inflation figures came in higher than expected despite solid market fundamentals, Aztec Minerals (AZT: TSX-V, OTCQB: AZZTF) doesn’t seem to bother too much, as it raised C$1.1M, outlined drill programs for their Cervantes and Tombstone projects, and very recently commenced drilling at Tombstone in Arizona.

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.