Vancouver, Canada – September 5, 2017 - Aztec Minerals Corp. (AZT: TSX-V) announces that the first two trenches at the Jasper prospect on the Cervantes property in Sonora State, Mexico have returned attractive gold and copper grades.
The Penasco trench returned a weighted average of 0.89% copper and 0.59 grams per tonne (gpt) gold over a 20 meter (m) width and the Cardon trench, 30 m north of the Penasco trench, assayed a weighted average of 0.76% copper and 0.30 gpt gold over a 10.85 m width, both still open in all directions. The Penasco trench copper values range between 0.35% and 1.39% and the gold values range between 0.05 and 2.95 gpt. The Cardon trench samples range between 0.35% and 1.05% copper and 0.09 and 0.778 gpt gold.
Trenching exposed widespread oxide copper mineralization, including neotocite, chrysocolla and minor chalcocite. Oxide gold mineralization is associated with hematite-goethite formed from oxidized pyrite in sub-vertical siliceous structures, quartz-copper oxide veins, and densely spaced fractures.
New trenching is underway to connect the Penasco and Cardon trenches, and extend further north to connect with other rock outcrops mineralized with copper oxides. Hand trenching will continue south of the Penasco trench to outcrops where grab samples have assayed up to 2.47% copper and 0.16 gpt gold. Overall, oxide copper has been traced in outcrop for over 230 m along the north-south Jasper trend, open in all directions and extending under thin overburden cover. Visible gold has been subsequently been observed in new trenches, with assays pending.
The Jasper prospect sits in a gully related to a north-south trending fault zone adjacent to and immediately west of the main California gold zone, within siliceous hornfels, quartzites, argillites and the same altered quartz feldspar porphyry intrusive rocks as California but at a lower elevation.
The main California zone IP chargeability anomaly diminishes as it crosses the fault, then becomes sharply stronger to the west of the Jasper prospect, indicating that porphyry copper-gold mineralization could continue west of the fault.
These trench results mark the first systematic sampling of copper mineralization on the Cervantes property. More trenching is underway at both Jasper and California to help target Aztec’s first drill program on the Cervantes property, to begin after the rain season ends in the next 1-2 months.
Joey Wilkins, B.Sc., P.Geo., is the Qualified Person who supervised the field work and approved the technical disclosure in this news release. All samples, including certified standards and duplicates, have been submitted to Bureau Veritas Laboratories in Hermosillo, Sonora. Samples were measured over 2.0 to 3.15 meter intervals by measuring tape in hand dug trenches or across outcrops. Channeled rock was placed in plastic bags and labeled on both sides. Samples range in weight of 4.0 to 5.0kg. Sample tags were placed in the trenches to denote their location and a handheld GPS unit collected coordinates. The samples were driven in pickup to the laboratory in Hermosillo by the QP.
About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large porphyry gold-copper deposits in the Americas. Our first project and core asset is the prospective Cervantes gold-copper property in Sonora, Mexico. Aztec’s shares trade on the TSX-V stock exchange under the symbol AZT.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward?looking statements and information herein include but are not limited to statements regarding Aztec’s anticipated performance in 2017 and the future, including planned exploration and acquisition programs and budgets and the timing and results of various activities. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aztec and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious and base metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development, risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.