Northwire Canada EditionFriday, November 6, 2026
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Gold 4,084.50 −0.7% Silver 52.15 −0.4% Copper 6.27 −0.1% Oil 90.66 +0.1% Palladium 1,023.00 −2.0% HBM 29.63 +2.8% ELEF 0.285 +137.5% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.63 +2.8% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.430 +4.9% TOM 0.100 +0.0% Gold 4,084.50 −0.7% Silver 52.15 −0.4% Copper 6.27 −0.1% Oil 90.66 +0.1% Palladium 1,023.00 −2.0% HBM 29.63 +2.8% ELEF 0.285 +137.5% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.63 +2.8% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.430 +4.9% TOM 0.100 +0.0%
Drill Results Routine +

Aztec Minerals Increases Tombstone Drilling Program by 3,500 Meters

Aztec Expands Tombstone Drilling to Fuel Q3 Resource Estimate Amidst Consolidated Price Action

By The Northwire Desk — AI Analysis May 28, 2026 · 07:00 AZT · 0.24 Aztec Minerals Corp.
Executive Summary
  • Aztec Minerals Corp. announced an expansion of its Tombstone Property drill program by 3,500 meters of reverse circulation (RC) drilling.
  • The additional budget for this expansion is CAD$1.4 million targeting the North Contention Area.
  • Total expected drilling program size is now approximately 22,200 meters combined core and RC drilling.
  • Results from the new Northern Contention Area drill program are expected into the 4th quarter of 2026.
  • The company engaged Redwood Empire Financial Communications for Investor Relations services with a monthly fee of US$7,500 plus stock options.
  • Participation in upcoming mining investment events (Quebec City and Beaver Creek) was confirmed.
  • Aztec holds an 85.0% interest in the Tombstone Property Joint Venture covering patented and unpatented claims in southern Arizona.
Material Impact
  • The drilling expansion is a logical follow-up to the positive drill results released on May 14, 2026, which showed significant oxide gold-silver zone expansions.
  • Given the company's trajectory of increasing program size from 5,000m in early 2025 to over 22,000m by May 2026, this announcement is consistent with management's stated confidence and previous guidance.
  • The CAD$1.4 million budget increase is manageable relative to the reported cash position of C$6.5 million (from April presentation), though it adds to burn rate.
  • No new strategic investor or major financing event was announced; therefore, this does not qualify as a Game Changer or Material - Positive in terms of valuation re-rating.
  • The news is expected by the market given the timeline for the Maiden Mineral Resource Estimate (MRE) scheduled for late Q3 2026.
  • Consequently, the impact on stock price is likely incremental and supportive rather than transformative.
AZT · Price
Company Overview
  • Aztec Minerals Corp. is a multi-asset drilling company focused on gold-silver polymetallic deposits in Arizona, USA and Sonora, Mexico.
  • Flagship Project: Tombstone Property (Arizona) - 85% JV interest covering ~663 hectares with historic production of ~32M oz Ag and 250k oz Au (1878-1939).
  • Secondary Project: Cervantes Project (Mexico) - 100% owned porphyry gold-copper project with surface exploration showing high-grade intercepts.
  • Strategy: Expanding shallow oxide Au-Ag zones for potential heap-leach bulk-tonnage resources while testing deeper sulfide CRD targets via core drilling.
Read the original news release →

More from Aztec Minerals Corp.

Oct 22, 2026 · 07:00

Aztec’s west step-out extends 190 m at 0.67 g/t AuEq, lower than the 1.3-1.7 g/t grades in prior headlines.

Drill Results Sep 22, 2026 · 09:25

Aztec raises C$6.4m to fund tombstone and cervantes exploration ahead of q4 maiden resource estimates.

Financings Sep 02, 2026 · 16:34

Aztec secures financing to advance the Tombstone project, supporting maiden resource definition and step-out drilling activities.

Financings Sep 02, 2026 · 07:00

Aztec’s 255 m step-out extends Tombstone to 1.25 km with positive continuity and in-line grades.

Drill Results Aug 26, 2026 · 07:00

Aztec completes land consolidation for its project, with a maiden resource expected in the fourth quarter of 2026.

M&A / Property Aug 05, 2026 · 07:00

Aztec’s North Extension step-out at Tombstone returned 88.4m of 1.69 g/t AuEq, expanding the oxide footprint.

Drill Results