Aztec Minerals Corp. , announces that the first 5 holes totaling 843 meters of the current 2,900 metre, 20-hole Phase 1 reverse circulation drilling program at the Tombstone Property have been completed. Drill samples were shipped to and received by Bureau Veritas Minerals laboratory for geochemical analysis and results are anticipated in the next three weeks. Four holes were drilled in a "spoke pattern" to test the [...]
Aztec Minerals Corp. , announces that reverse circulation drilling has commenced at its Tombstone project covering much of the historic Tombstone silver-gold-zinc-lead-copper district located in southeastern Arizona. Aztec holds an option to acquire a 75% interest in the Tombstone property, which includes many of the original patented mining claims in the district. The fully financed Phase 1 RC drill program will consist [...]
Aztec Minerals has granted an aggregate of 1,930,000 stock options to consultants, management and directors of the Company as an incentive to create shareholder value, pursuant to the terms of the Company's stock option plan. The Stock Options are exercisable to acquire common shares at an exercise price of $0.40 per common share for a term of 5 years, subject to vesting provisions. "Simon Dyakowski" Simon Dyakowski [...]
Aztec Minerals Corp. is pleased to announce the appointment of Simon Dyakowski as the President and Chief Executive Officer of Aztec. Simon brings to Aztec over twelve years of corporate development and capital markets experience, with an expertise in strategic planning and execution, financing and marketing of exploration companies. Mr. Dyakowski most recently acted as an advisor to TSX-V listed mineral exploration [...]
Aztec Minerals Corp. announces that it has closed the final tranche of its recently announced private placement equit0y financing. The final tranche of the private placement consisted of 3.18 million units priced at CAD$0.30 per unit for total proceeds of CAD$955,000. Each unit consists of one common share in the capital of the company and one-half warrant with each full warrant exercisable to purchase an additional [...]
Aztec Minerals Corp. announces that it has closed the first tranche of its recently announced private placement equity financing. The first tranche of the private placement consisted of 7.08 million units priced at CAD$0.30 per unit for total proceeds of CAD$2.12 million. Each unit consists of one common share in the capital of the company and one-half warrant with each full warrant exercisable to purchase an additional [...]
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Aztec Minerals Corp. announces that final interpretation of a 3-Dimensional IP-Resistivity survey completed last year has identified multiple chargeability anomalies over a 5 km long corridor on the Cervantes porphyry gold-copper property in Sonora. Chargeability anomalies in general reflect more conductive areas within rock formations and these chargeability anomalies in particular interpreted to reflect buried sulfide [...]
Aztec Minerals announces the voting results from its Annual and Special General Meeting held on June 22, 2020 in Vancouver, BC. Shareholders voted in favour of all items of business, including the re-election of each director nominated, the ratification of the Company's stock option plan and re-pricing of certain stock options. Smythe LLP were reappointed as auditors. Following the AGM, Aztec's Board of Directors [...]
Aztec Minerals has arranged a CAD$3 million non-brokered private placement financing with sophisticated investors, shareholders and directors of the Company. Finders fees may be payable in cash and / or warrants on certain portions of the financing, subject to regulatory approvals. The Company has agreed to issue up to 10 million units at a price of CAD$0.30 per Unit for gross proceeds of up to CAD$3 million. Each Unit [...]
Aztec Minerals Corp. 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 [...]
Aztec Minerals Corp. announces that data inversion and interpretation of a recently completed NSAMT geophysical survey has identified strong conductive bodies underlying the Company's Tombstone silver-gold-copper-lead-zinc property in southeastern Arizona. Such conductive bodies can be related to buried sulfide mineralization such as CRD polymetallic high-grade massive sulphide drilled by Santa Fe Mining in 1989. Host [...]