Northwire Canada EditionFriday, July 10, 2026
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FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.58 +8.6% TUNG 1.72 +1.8% LGO 1.03 −1.0% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.31 −1.9% SGZ 0.045 +0.0% S 0.140 +16.7% 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 51.93 −0.6% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.58 +8.6% TUNG 1.72 +1.8% LGO 1.03 −1.0% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.31 −1.9% SGZ 0.045 +0.0% S 0.140 +16.7% 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 51.93 −0.6%
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 →

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Drill Results Mar 10, 2026 · 17:05

Aztec JV expands Tombstone drill program by 4,500 m

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