Vancouver, Canada - May 5, 2022 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF)announces that recent drilling has intersected gold mineralization in a 350 metre step-out north of the California zone at the southern edge of the California North Target, returning 24.3 metres grading 0.315 gpT Au and 6.1 metres grading 1.649 gpT Au with quartz feldspar porphyry intrusion.
At the Jasper target, widespread visible copper oxides and secondary sulfides were observed with a quartz feldspar porphyry intrusion some 600 m west of the California Zone, including gold mineralization grading 0.332 gpT Au over 9.1 metres.
Additional drill results at the California target continue to return broad gold mineralization from the 2022 RC drill program on the Cervantes property located in Sonora, Mexico. Results for hole CAL22-015 returned 68.4 metres grading 0.421 gpT Au and CAL22-016 returned 56.2 metres grading 0.475 gpT Au. The first multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, with prospective grades and widths for Cu and Ag for a potential porphyry deposit model.
California and Jasper Zone Drill Highlights
9.1 metres of 0.332 gpT Au and 150 metres with visible Copper oxides and secondary sulfides in mineralized quartz feldspar porphyry intrusive, sediments and hydrothermal breccias in JAS22-001, as a 180 m step-out in the Jasper target to the southwest of the 2018 drilling.
24.3 metres of 0.315 gpT Au and 6.1 metres of 1.649 gpT Au in mineralized quartz feldspar porphyry, sediments and hydrothermal breccias in CAL22-017, as a 350 m step-out north onto the southern edge of the California North target.
0.421 gpT Au over 68.4 m in mineralized porphyries and hydrothermal breccias in CAL22-015 located at the southern edge of the eastern portion of the mineralized zone
0.475 gpT Au over 56.2 m in mineralized porphyries and hydrothermal breccias in CAL22-016, located at the northern edge of the eastern portion of the mineralized zone
The primary focus of the Phase 2 RC drill program at Cervantes is to expand the previously drilled California zone by completing two drill hole fences parallel to and on either side of the 2017-18 Phase 1 drill hole fence. To-date, every hole drilled at California has intersected near surface, oxidized gold mineralization with minor copper oxides.
View drill section here:
Reported lengths are apparent widths, not true widths, and the observed gold mineralization appears to be widely distributed in disseminations, fractures and veinlets within quartz-feldspar porphyry, feldspar porphyry stocks and related hydrothermal breccias.
Holes CAL22-015, 016 and 017 intersected broad gold mineralization, see table below, extending the known mineralized zone at depth and over 350 metres to the north onto the California North target confirming it as a target of immediate interest, and also to the south on the eastern end of the California zone. The RC Phase 2 drilling program has been completed. It covers an area now measuring approximately 900 metres long by 250 to 500 metres wide, with demonstrated, continuous mineralization up to 265 metres depth vertically. The porphyry gold-copper mineralization is still open in all directions.
The first multi-element ICP results show good relationships between Au, Cu, Bi, Ag and As, which will assist in vectoring exploration targets for potentially economic grades and widths for Cu and Ag in a porphyry deposit model. The multi-element ICP values support the exploration model of the California zone being at the highest portion of a porphyry system, where an overlying high sulfidation zone has been eroded away.
Table 1: Select Multi-Element Results With Gold
Table 2: RC Drilling Results (Gold Only)
The Aztec-Kootenay JV has now completed its Phase 2 Reverse circulation (RC) program of 26 holes, totaling 4,649 metres at the Cervantes Property.
Drill samples cuttings are collected every 5 feet (1.52m) from all drill holes. The samples are analyzed by Bureau Veritas for gold with a 30-gram sample size using the method FA430 followed by MA300. Over limits, when present, are analyzed by AR404 or FA550. All holes contain certified blanks, standards, and duplicates as part of the quality control program. The QA/QC review for all drilling has been completed with excellent results showing good data integrity. The samples are shipped to and received by Bureau Veritas Minerals laboratory for the gold and multielement geochemical analysis and additional gold results will be received and reported in the next several weeks. Final multielement ICP results are expected to follow the release of the preliminary gold assays and are expected to be received during the second quarter 2022.
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
The information in this news release has been prepared as at May 4, 2022. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.