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Aztec Minerals Reports Results of Phase 1 Exploration Program Tombstone Project, Arizona
VANCOUVER,BC / ACCESSWIRE / November 27, 2018 / Aztec Minerals Corp. (AZT: TSX-V, OTCQB:AZZTF...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Minerals Reports Results of Phase 1 Exploration Program Tombstone Project, ArizonaVANCOUVER,BC / ACCESSWIRE / November 27, 2018 / Aztec Minerals Corp. (AZT: TSX-V, OTCQB:AZZTF) reports positiveresults from its Phase 1 exploration program of structural and geologicalmapping, rock chip and trench sampling and airborne geophysical surveying onthe Tombstone Project in southern Arizona. The Tombstone silver mining district producedan estimated 32 million oz silver, 240,000 oz gold, 65 million lb lead and 1.1million lb zinc from a swarm of shallow, high grade carbonate replacementdeposits (CRDs) and veins during the period 1878 to 1939. Aztec has an optionto acquire a 75% interest in most of the old patented claims constituting thedistrict from Baroyeca Gold and Silver Inc.The Tombstone district silver-gold-lead CRD's occurwithin the Bisbee Group clastic sediments, underlain bythe same Paleozoic limestones that hosts the massive Taylor zinc-silver-lead CRDdeposit of Arizona Mining Inc. (located only 65 km west of Tombstone). ArizonaMining was recently acquired by South32 by way of a $1.8 billion friendlytakeover bid. Aztec sees significant exploration potential at Tombstone for a CRDdiscovery similar to Taylor.Some highlights from the Phase 1 explorationprogram are as follows: High gradesilver-gold-lead-zinc-copper mineralization was confirmed in and around themain Contention pit by rock sampling of surface outcrops and prospects, a totalof 139 samples, and a second parallel mineralized zone was identified northwestof the water tank (Tank is west of the Contention Pit)Twelvetrenches were cut adjacent to and within the Contention pit using an excavatorand sampled over a cumulative length of 758 meters, a total of 340 samples, several spot highgrade samples were found but no large, low grade, open pittable mineralizationwas encounteredA detailedairborne magnetic survey was conducted over the property using a drone operatedmagnetometer, confirming the main Contention mineralization is associated witha magnetic multi-phase dike which towards the south is offset by a northwesttrending mineralized fault, other possible northwest trending faults wereidentified in the northeast part of the property, and a second parallelmagnetic high (dike?) was detected southeast of the Contention pitStructuraland geologic mapping were conducted over p...