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Shareholder Update: Review of 2020 and Outlook for 2021
VANCOUVER, BC / ACCESSWIRE / January 5, 2021 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) ...
About this update from Aztec Minerals Corp.
[{"type":"text","content":"Shareholder Update: Review of 2020 and Outlook for 2021VANCOUVER, BC / ACCESSWIRE / January 5, 2021 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) provides shareholders with the following review of 2020 and its outlook for 2021. Aztec's core assets include an option to acquire a 75% interest in the historic Tombstone silver district, Arizona and a 65% interest in the prospective Cervantes porphyry gold-copper project in Sonora, Mexico.Bradford Cooke, Chairman and Founder of Aztec, commented, \"Aztec Minerals enjoyed quite a turn around in 2020, highlighted by the successful results of our Phase 1 RC drill program at Tombstone, and the formation of our 65/35 Joint Venture with Kootenay Silver on the Cervantes Project. We appointed a new CEO, raised CAD$4 million through two equity financings and a warrant exercise, discovered significant, shallow, oxidized gold-silver mineralization around and below the Contention pit at Tombstone and built a strong foundation to advance both of our exploration projects in 2021.\"Simon Dyakowski, CEO of Aztec, added, \"Our main goals at Tombstone for the new year are to conduct infill and step out drilling to expand the shallow oxide epithermal gold-silver open pit mineralization at the Contention Pit, and to test deeper high grade polymetallic CRD targets underlying the Tombstone property. At Cervantes, our goals are to recommence exploration activities through our newly formed Joint Venture and to plan and permit a substantial Phase 2 drill program.\"2020 Highlights:Tombstone ProjectConducted an AMT (audiomagnetotellurics) geophysical survey over high priority CRD targets at Tombstone and successfully identified conductive bodies underlying the property.Staked and acquired additional claims bringing the overall total land package at Tombstone to 1,004.7 acres (402.5 hectares)Completed a 2,993 meter Phase 1 RC drill program that successfully outlined the potential for a shallow oxide gold silver deposit at the Contention open pit, with 19 of 21 holes intersecting significant near surface oxide gold-silver mineralizationSpent sufficient funds to earn our 75% interest in TombstoneHigher grade intervals include 6.18 grams per tonne (gpt) gold and 77.2 gpt silver or 7.15 gpt gold equivalent (AuEq) using an 80:1 silver:gold ratio over 15.14 meters (m) in hole TR20-09 and 4.18 gpt gold plus 174.2 gpt ...