Business
Aztec Minerals Completes Earn-in and Exercises Option to Acquire a 65% Interest in the Cervantes Project in Sonora, Mexico from Kootenay Silver Appoints Andy Bowering to Advisory Committee
Appoints Andy Bowering to Advisory Committee VANCOUVER, BC / ACCESSWIRE / ...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Minerals Completes Earn-in and Exercises Option to Acquire a 65% Interest in the Cervantes Project in Sonora, Mexico from Kootenay Silver Appoints Andy Bowering to Advisory CommitteeAppoints Andy Bowering to Advisory CommitteeVANCOUVER, BC / ACCESSWIRE / JULY 30, 2019 / Aztec Minerals Corp. (TSX-V:AZT)(OTCQB:AZZTF) announces that it has completed the terms of its earn-in and has exercised its option to acquire a 65% interest in the Cervantes porphyry gold-copper project in Sonora, Mexico from Kootenay Silver Inc.. Kootenay retains the remaining 35% interest in Cervantes.Aztec and Kootenay expect to finalize the terms of the joint venture agreement shortly, then form a joint venture management committee, review the exploration results to date and approve the next exploration program and budget at Cervantes.Aztec also announces the appointment of Andrew Bowering to its business and technical advisory board. Mr. Bowering is a venture capitalist with 30 years of experience in mineral exploration and development worldwide. He has founded, funded and built management teams that have operated numerous companies in the pursuit of precious, base and industrial metals from early exploration through to production. Mr. Bowering has a financial background as a stock broker and a business background as the founder and an owner of Sunrise Drilling Ltd. In recent years, Andy has held senior leadership roles in public and private companies from investor relations to CEO. He is a founder and significant shareholder of Millennial Lithium Corp and is the founder and current CEO of Prime Mining Corp.Joey Wilkins, Aztec CEO, stated: “We are pleased to reach this milestone after four years of productive mineral exploration on the Cervantes property. The results of our geophysical surveys, geochemical sampling, and geologic mapping have outlined a district-scale porphyry gold-copper system with multiple targets, most of which have never been drilled.”“Our first drill program at the California prospect resulted in the discovery of a large, well mineralized gold oxide zone hosted by a strongly altered and brecciated quartz feldspar porphyry intrusion. A strong, broad IP chargeability anomaly underlies the California gold oxide zone down to at least 500 meters depth, is interpreted to be an underlying sulfide zone and has not ye...