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Aztec Highlights Top Priority Targets on the Cervantes Porphyry Gold-Copper Project in Sonora, Mexico
VANCOUVER, BC / ACCESSWIRE / June 10, 2020 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) an...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Highlights Top Priority Targets on the Cervantes Porphyry Gold-Copper Project in Sonora, MexicoVANCOUVER, BC / ACCESSWIRE / June 10, 2020 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) announces that in advance of signing the 65/35 joint venture agreement with Kootenay Silver on the Cervantes porphyry gold-copper project in Sonora, Mexico, it provides shareholders this review of top priority exploration targets for drilling. Aztec earned its 65% interest in the property last July and is the Operator of the JV.Based on an integrated review of the geological, geochemical, and geophysical data on Cervantes, Aztec has identified 11 targets in total of which 7 are ready for drilling. Our first drill campaign two years ago successfully and partially outlined an oxide gold cap to a significant new porphyry gold (copper) discovery at the California zone, with drill intercepts up to 160 meters long grading 0.77 gpt gold (hole 18CER010).Aztec CEO, President and Chief Geologist Joey Wilkins commented, \"Aztec and Kootenay plan to review shortly the first exploration program needed to target both the near-surface oxide gold mineralization as well as the deeper sulfide porphyry gold-copper potential at California. We have also received expressions of interest from major companies about the possibility of earning into the Cervantes joint venture and will consider the merits of any offers.\"Cervantes Project OverviewCervantes is a highly prospective porphyry gold-copper-molybdenum property located in southeastern Sonora state, Mexico. The project lies 160 km east of Hermosillo, Sonora, Mexico within the famous Laramide porphyry copper belt approximately 265 km southeast of the Cananea porphyry copper-molybdenum mine (Grupo Mexico). Cervantes also lies along an east-west trending gold belt 55 km west of the Mulatos epithermal gold mine (Alamos Gold) and 45 km west of the La India mine (Agnico Eagle).Large well-located property (3,649 hectares) with good infrastructure, road access, local town, all private land, water wells on property, grid power nearbyEight prospective mineralized zones related to high level porphyries and breccias along an 8.0km east-northeast corridor with multiple intersecting northwest structuresStrong geochemical soil anomalies, California target soils average 0.44 gpt gold over 900m long by 600m wide, peak values u...