Business
Aztec Provides 2020 Strategic Update and Outlook
VANCOUVER, CANADA / ACCESSWIRE / May 5, 2020 / Aztec Minerals Corp. (TSX-V:AZT)(OTCQB:AZZTF) ...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Aztec Provides 2020 Strategic Update and OutlookVANCOUVER, CANADA / ACCESSWIRE / May 5, 2020 / Aztec Minerals Corp. (TSX-V:AZT)(OTCQB:AZZTF) provides the following strategic update and outlook for 2020. While exploration has been on hold during the current coronavirus crisis, Aztec has been prepared a new strategic plan to create shareholder value.Aztec holds interests in two highly prospective exploration properties, 65% ownership of the Cervantes porphyry gold-copper project in southeastern Sonora state, Mexico in joint venture with Kootenay Silver, and an option to acquire a 75% interest in the Tombstone epithermal and CRD silver-gold project in southern Arizona from Baroyeca Gold and Silver.Joey Wilkins, President and CEO of Aztec, commented, \"We are pleased to update shareholders on our new strategic plan to advance the company's two exciting exploration projects. With a new precious metals cycle underway, we plan to resume work on our Tombstone project in the historic Tombstone silver mining district.\"\"Aztec plans to drill two targets this year at Tombstone: 1) shallow, bulk tonnage, epithermal gold-silver oxide mineralization, and 2) deeper, high grade, \"Taylor\"-style carbonate replacement silver-lead-zinc-copper-gold sulphide deposits (CRD). We think the discovery potential at Tombstone is very attractive given the positive results of past drilling, and we anticipate earning our 75% interest in the project by completing a Phase 1 drill program.\"\"At Cervantes, Aztec is finalizing its Joint Venture Agreement with Kootenay and reviewing alternatives to advance the project. We have received expressions of interest from major companies to partner Cervantes and intend to invite proposals going forward. Having already made a significant discovery at the California target on Cervantes, we think Cervantes has great potential.\"Updated 2020 Strategic PlanSecond Quarter:Tombstone - Complete interpretation of AMT (audiomagnetotellurics) geophysical survey over high priority CRD targets at TombstoneTombstone - Plan and permit Phase 1 drill program to test two targetsCervantes - Finalize the Joint Venture Agreement with Kootenay SilverCervantes-Finalize interpretation of 3-dimensional geophysics conducted in 2019Cervantes - Consider next steps to advance both near surface oxide gold mineralization and deeper porphyry sulfide go...