Drill Results
Aztec Drilling Expands Oxide Gold-Silver Zone Step Outs at Tombstone; intersecting 2.31 gpt Au and 43.23 gpt Ag over 27.4 m within 66.9 m of 1.05 gpt Au and 23.21 gpt Ag
Aztec Minerals Expands Tombstone Oxide Zone but Market Remains Cautious Ahead of Maiden Resource Estimate

Executive Summary
- Aztec Minerals reported drill results from holes TR26-15 through TR26-19 at the Tombstone Project in Arizona.
- Results demonstrate expansion of the Contention target area with wide, shallow oxide gold-silver mineralization.
- Hole TR26-19 intersected 66.9 m @ 1.05 gpt Au and 23.21 gpt Ag (1.47 gpt AuEq), including a high-grade zone of 27.4 m @ 2.31 gpt Au and 43.23 gpt Ag.
- The 2025-2026 drilling program totals 17,000m with 70 RC holes and 8 core holes completed to date.
- CEO Simon Dyakowski states the project appears to be a much larger oxide gold-silver system than historically considered open pit.
Material Impact
- The news confirms ongoing exploration success consistent with previous announcements from January through April 2026.
- While grades are high, this is part of a continuous drill program leading toward the Maiden Mineral Resource Estimate (MRE) expected in late Q3 2026.
- No new financing or strategic partnership was announced; capital needs were previously addressed with $13.6M raised in late 2025.
- The market has already reacted to similar drill results earlier in the year, evidenced by the price correction from January highs ($0.43) to current levels ($0.25).
- This announcement is incremental validation of the project scale rather than a sudden paradigm shift or game-changing event like an acquisition or major resource definition.
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Company Overview
- Company: Aztec Minerals Corp., focused on gold-silver polymetallic deposits in Arizona (USA) and Sonora (Mexico).
- Flagship Project: Tombstone Property, Arizona (85% JV interest). Historic production of ~32M oz Ag and 250k oz Au. Current focus is expanding shallow oxide zones for potential heap-leach operation.
- Secondary Asset: Cervantes Project, Mexico (100% owned), a porphyry gold-copper project with surface sampling showing high-grade anomalies up to 15.6 gpt Au.
- Status: Exploration stage; no compliant resource estimate yet despite extensive drilling since 2020.
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Jul 02, 2026 · 07:00