Aztec Minerals Inc. (AZT:TSX.V; AZZTF:OTCQB) was recently awarded two new mineral concessions of 3,149 hectares from a Mexican government land lottery. The land is adjacent to the company's Cervantes project in Sonora and expands its land package six-fold.
The company noted that the new concessions include six historical prospects: "The Jacobo and Purisima prospects are situated southwest of the California zone at Cervantes along part of a 7.5 kilometer (km) long, northeast-trending structural corridor; the El Tigre gossan zone lies south of California and Brasil zones along a north-south trending lineament; and the PS, RA and La Verde prospects straddle the California prospect along a northwest trending linear."
Joey Wilkins, president and CEO of Aztec Minerals, noted, "This major land acquisition substantially expands the upside potential of our Cervantes porphyry gold-copper project. Not only does it cover possible extensions of the outcropping California zone gold-copper mineralization now being drilled, it also covers six other gold-copper-molybdenum prospects and/or gossan zones related to porphyry intrusions. We plan to map and sample these areas this year after completion of the current Phase 1 drill program."
Aztec Mining is a young company that IPO'd last May. Read more about it in a Streetwise Reports article, "Cervantes Drilling Demonstrates There Is Nothing Quixotic About Gold Project," here.
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1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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