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Aztec is looking to expand upon the current shallow oxide gold-silver system along with testing deep holes for the first time ever.
Aztec is searching for the source mineralization which provides shareholders with some interesting upside to the historic silver-gold project....
We expect Cosuño's grades to increase when we drill deeper into and below the lithocap. Lithocaps are extensive zones of clay and silica alteration that form in the top part of Bolivian polymetallic vein systems and tin porphyries, similar to those which overlie porphyry copper deposits. The nearest neighbour to Cosuño, in a similar geological setting, the Pulacayo deposit, has a large lithocap that is barren and conceals a major vein that produced 640 million ounces of silver and 200,000 tons…
The Company is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company at a price of $0.70 per Unit for aggregate gross proceeds of up to $3,000,000.
CEO Iwanaka: "Securing this additional ground now ensures we control the majority of the prospective extensions of the Great Western Fault's mineralized corridor as we continue drilling."
CEO McDonald: "These three deposits are well positioned to be quickly advanced with silver experiencing a nominal record high of $94.09 per ounce driven by a multi-year supply deficit..."
CEO Iwanaka: "Our first five RC drill holes have encountered multiple thick, well mineralized intersections from reasonably shallow depths, returning excellent silver, gold, and manganese."
CEO Weber: "The Main Fault is showing itself to be a strong and complex fault structure capable of hosting high grade silver, gold, lead and zinc mineralization..."
VP Brittliffe: "The high-grade veins enveloped by the wide zones of low grade underscore the huge amount of silver in the Columba vein system and bodies well for further expansion..."
CEO Iwanaka: "We are encouraged by early indications from the drill program, including numerous manganese assay values that exceeded the limits of the initial analytical methods..."
Furthermore, the Company will increase the planned drill program from 21,000 feet (~6,400 metres) to over 30,000 feet (~9,100 metres) and accelerate drilling with the addition of a second RC drill rig next month.
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