Northwire Canada EditionFriday, July 10, 2026
Northwire
FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.38 +7.6% TUNG 1.72 +1.8% LGO 1.01 −2.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.30 −2.0% SGZ 0.045 +0.0% S 0.135 +12.5% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.840 +2.4% SAGA 0.480 +0.0% ABX 51.73 −0.9% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.38 +7.6% TUNG 1.72 +1.8% LGO 1.01 −2.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.30 −2.0% SGZ 0.045 +0.0% S 0.135 +12.5% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% EMPR 0.840 +2.4% SAGA 0.480 +0.0% ABX 51.73 −0.9%
Drill Results Routine +

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.
AZT · Price
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.
Read the original news release →

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